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mickelsson

mickelsson
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  • Preparing For The Next Market Collapse [View article]
    That's clear enough, TF17, but if Chris needs "hundreds" of separate accounts, that means at least 200. Multiply that times the FDIC limit of $250,000 and you have cash stashing capability of as much as $50 million. Makes me wonder why the author is collecting pennies for writing articles on SA.

    I think I detect a degree of "mine is bigger than yours" boasting that is unnecessary (and a little embarrassing) for someone of Chris's stature on this site.
    May 27, 2015. 10:39 PM | 1 Like Like |Link to Comment
  • Today's Income Investor Guide To Picking CEFs [View article]
    @Adam: As I say on a comment further down the page, I'm a fan and a follower, but your "nothing particularly wrong with them" comment on HQH and HQL pretty casually dismisses some of the top-performing CEFs of the past year.

    My stake in HQL is up ~58% on a total return basis in the past 13 months. Both HQH and HQL are well-managed and have a component of venture capital investment not often available to retail investors. DGI fans should also look at the distribution record.

    I'll take that kind of "nothing particularly wrong" any day of the week.
    May 27, 2015. 10:02 PM | 3 Likes Like |Link to Comment
  • Today's Income Investor Guide To Picking CEFs [View article]
    @ Adam and @doubletime: While you're right to distinguish between managed distributions and yield, you shouldn't leave readers with the impression that "many" CEFs have managed distributions. Of the 562 funds listed on CEF Connect, only 80 (14.23%) have m.d. Conveniently, these can be screened out.
    Despite the quibble, I'm a fan and a follower of your articles, Adam.
    May 27, 2015. 09:44 PM | 1 Like Like |Link to Comment
  • Concurrent Computer Offers A 7.8% Yield [View article]
    As I commented on another of your articles earlier today, Henry, you always manage to find something interesting. Although CCUR has a long history for a tech company and a lot of cash, it seems like it has a narrow niche, and so I would only consider it for the "speculative" portion of my portfolio. But you've put it on my radar, and I thank you (and you too @Investor496).
    May 27, 2015. 08:45 PM | 1 Like Like |Link to Comment
  • Sell-Off In Corporate Credit Creates Income Opportunities For 2015 [View article]
    A very useful overview of the prospects for bonds. Thank you, Ms. Gaffney.
    May 27, 2015. 08:16 PM | Likes Like |Link to Comment
  • My High Risk Account: All Dividend Yields Are 13% Or Higher [View article]
    I'm late getting to this article, Henry, but wanted to thank you for it. You always have something interesting to offer.
    I have a very similar speculative fund--never more than 3% of my total assets. I also have JMI in mine, bought at $7.93, along with GGN (@$7.20) and NBG (@$1.00). As I tell my wife--I don't drink, I don't smoke, I don't chaw, I don't do drugs, I don't gamble, I don't run around with other women--I need to have some fun. And, unlike those habits, one of these stocks might actually pay off.
    May 27, 2015. 02:16 PM | Likes Like |Link to Comment
  • What Elon Musk Is Really Selling [View article]
    Well, Dana, thanks for trying to raise this investment thesis in a rational, reflective manner. Unfortunately, any article that comes within hailing distance of the topic of climate change provokes the Yahoos. At least you get a penny for each of their "thoughts." More than they are worth, but less than you deserve.
    May 21, 2015. 06:40 PM | 1 Like Like |Link to Comment
  • What Elon Musk Is Really Selling [View article]
    @jim15936: Ahh, the inevitable links to Christopher Booker articles. Because he writes for UK papers, perhaps he gives the appearance of worldly sophistication.
    But consider this: 1) he was a history major and has no scientific training; 2) he claims that there is no evidence for the theory of evolution; and 3) he also argued against the evidence linking asbestos exposure and health problems. Are you sure that's the kind of "scientific" authority you want to cite?
    May 21, 2015. 06:32 PM | 3 Likes Like |Link to Comment
  • 2015 And Historical Bear Market Triggers [View article]
    Chris, despite some of the comments above (I'm looking at you, @junji, @bouzy, and @TDune75) some of us deeply appreciate your data-driven approach to the market.
    I encourage those who are interested in actual information (as opposed to their own intuition and innate genius) to regularly read Chris's articles at SA and to look at his Ciovacco Capital videos at http://bit.ly/1cQ3Q9w
    May 21, 2015. 10:25 AM | 3 Likes Like |Link to Comment
  • Why Everyone Is Wrong About Whole Foods Market (Again) [View article]
    Thanks, @Gary J, but according to the author everyone was and is wrong (except for him, of course). The long-term chart doesn't show that.
    Mar 20, 2015. 03:31 PM | Likes Like |Link to Comment
  • Why Everyone Is Wrong About Whole Foods Market (Again) [View article]
    I don't care about WFM one way or the other (although I wish John Mackey would think more and speak less). But I worry about the reliability of any author who basically says "everyone else is wrong, I'm right." All those foolish (in the author's opinion) buyers of WFM must have bought from someone who was selling--how can everyone be wrong?
    Mar 17, 2015. 10:21 AM | Likes Like |Link to Comment
  • Most Dividend Growth Investors Will Need Bonds, Too [View article]
    Another great article, Dale. Readers can always rely on you for valuable reminders about the importance of a balanced portfolio, and for good humor. Every investor should have the phrase "just because yields are low, we do not abandon investment basics or truths" needleworked into a sampler to hang above the desk.
    Mar 17, 2015. 10:10 AM | 1 Like Like |Link to Comment
  • mREITs: This Is Not The Time To Get Long [View article]
    @The_Babe: I hope you are not really seeking investment advice in this way. As a number of the comments above indicate, the author has not given a full account of what mREITs do. For example, see rob1492's comments on hedging.

    In addition, the author states all kinds of poorly supported assumptions. As one example, he states in the article "I don't think we'll see extreme inflationary pressures in the U.S. economy any time soon, but there are things going on that tell me it is on its way." As support for "things going on" he mentions Wal-Mart raising its basic wage, and in the comments says about low inflation rates "Nothing lasts forever." Inflation in 2014 was half of what it was in 2011 (1.6% vs. 3.2%), and the January 2015 inflation rate was -0.1, the first negative monthly figure since 2009.

    One final point, the author says that he doesn't consider the adjustable rate portion of STWD's holdings. That makes his analysis easier, but also helps assure that the data will support his conclusion. So PLEASE, for your own sake, before you make a decision about selling STWD read the federal filings available their web site. I know those can be difficult to understand, but if so, talk with someone who can explain the company and what it does.
    Mar 16, 2015. 08:23 AM | 4 Likes Like |Link to Comment
  • Get Him To The GREK [View article]
    Thanks, Mr. Kaminis, for your very good explanation of a trade a little further up the risk scale.

    I saw this situation more as a short-term opportunity so I skipped GREK and went long NBG at $1.00. Several of the comments above express anxiety about high beta (the name of the web site is, after all, Seeking Alpha). But volatility is exactly what created trading opportunity on NBG. I sold 2/3 of my shares on the bounce to $1.68, so now I'm playing with house money on the remaining 1/3. Not a risk I'd take with the kids' college fund, but the kind of quick opportunity just too good to pass up, if one keeps a close eye on it.

    Buying GREK and holding it until it reaches ~$17 (to equal the profit on the NBG trade) would have required more nerve, despite it being an ETF. I thought the longer time frame would allow too many variables, especially the kind that emanate from Minister Varoufakis.

    I wish you the very best in your investing.
    Feb 16, 2015. 08:16 PM | 2 Likes Like |Link to Comment
  • Get Him To The GREK [View article]
    @keith68: I'm guessing you already know this, but price-to-earnings is a ratio, not a dollar amount.

    It also helps analysis to state whether the P/E is based on the trailing 12 months (TTM) or projected earnings ("forward P/E").
    Feb 16, 2015. 07:22 PM | Likes Like |Link to Comment
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