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  • Preferred Shares With International Exposure And 9% Yield  [View article]

    May I humbly say "not so fast mrmedusa"... markets are currently under siege because of debt. how much, and what will rising rates do. This is an excellent article.. but note 50% of FPF's holdings are o/s (hard to come to grips with exactly what they own... and quite a few are in tax haven juristictions.. not necessarily a bad thing but not always too transparent and no SEC scrutiny..... and there's the strong dollar effect). The author doesn't own either of these. And higher rates will lower the NAV. I perused a few CEF over the last week and those tagged "intermediate duration" didn't have reset dates until 2023. Lot of room for capital erosion. No mention of fees. CEF ain't cheap on that score. 1.5% brings these yields down to what I think are very ordinary risk adjusted returns. Not poor, but there may safer ways to yield. I too am eager to get yield, and this space serves it up. but there are no free lunches.
    Sep 29, 2015. 10:13 AM | Likes Like |Link to Comment
  • A Quick Recap Of Yellen's Speech  [View article]

    the alternative? as a silent protest you could buy some t-bills - a de facto hunger strike!

    money supply needs to grow or the whole implodes. although as Grantham famously said - trees don't grow to the sky.

    a growing percentage of 3BN asians are slowly realizing their dream to live (= consume) like developed westerners, so there's some growth left yet.
    Sep 18, 2015. 01:26 PM | 1 Like Like |Link to Comment
  • A Quick Recap Of Yellen's Speech  [View article]
    nice summary. Thank you. So if rates do begin the creep out, I agree that short duration with decent yield seems the way to play as you suggest. Which bonds or bond funds deliver that ? I'm personally comfortable with credit ratings at the bottom of investment grade. Who delivers that for low fees. Or how do I buy them myself? And do you have any of "them" by name? Thx
    Sep 18, 2015. 12:57 PM | Likes Like |Link to Comment
  • Kinder Morgan Continues Down Unsustainable Path  [View article]
    "However, at over 2 billion shares outstanding....what's another 20 million?"

    my daughter says something like that to me, I tell her show me how to save 20 rather than spend an extra 20. every storm starts with a breeze.

    and your comment that capex remains the only unfunded expense is IMHO a big can of worms.

    KMI wants to be a steady dividend grower, god bless em, but if it can only do so with financial engineering it will be a bumpy ride that may quite possibly end in tears.
    Jul 18, 2015. 12:40 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Continues Down Unsustainable Path  [View article]

    mind sharing your safer, more conservatively run holdings ? I have a similar appetite.

    separately, can anyone tell the sensitivity to oil and NG prices, so example a $10 drop in the oil price will reduce FCF by x%, ditto for a 50c change in NG prices ?

    out of KMI long ago. always interested in it but don't fully understand the financials and sensitivities.
    Jul 18, 2015. 12:21 PM | 2 Likes Like |Link to Comment
  • One Photo That Will Convince You To Sell China  [View article]
    what if this guy is an out of work PhD who used to write algo's ? selling banana's doesn't mean he's brainless (his algo's weren't so good ?).
    Jul 7, 2015. 08:05 AM | 4 Likes Like |Link to Comment
  • Retirement Strategy: Overweight But I Still Want More Income  [View article]

    Little tangential, but which other energy MLP's and refiners do you like ? I hold NTI and with it NS - both have excellent growth plans. Anyone here like seemingly undervalued smaller companies such as UAN and CVRR, or HFC ? And surely the refiners are solid dividend champs - seasonally, granted, MRO VLO and now that merged Kinder Morgan - KMI is back down near pre merger valuations, and WMB is 10% off its Kinder-style recontruction, arguably with better growth prospects than KMI.

    This is an excellent flow of comments from a thoughtful piece that strikes to the heart of most of us SA-ites. So thanks to all.
    Jun 14, 2015. 12:23 PM | Likes Like |Link to Comment
  • Why Unilever Is Currently A Better Investment Than Procter & Gamble  [View article]

    What is the Asian equivalent of unilever and P&G ? Surely thats where the growth lies ? on demographics.. every chinese and indian male shaving ? grabbing a bar of "Dove", brushing their teeth ....
    Jun 3, 2015. 10:15 AM | 1 Like Like |Link to Comment
  • Micron Technology: Long-Term Story Remains Intact  [View article]

    Define bright. Surely the best returns among them is the only relevant barometer.
    May 17, 2015. 09:48 PM | 1 Like Like |Link to Comment
  • Micron Technology: Long-Term Story Remains Intact  [View article]
    Why does your position matter to anyone here ?
    May 17, 2015. 09:45 PM | 1 Like Like |Link to Comment
  • Deleverage Your Portfolio Before The Market Forces You To  [View article]

    No its not. PHK is like buying something for $15 that pays you $1.65 every year. I've owned PHK for close to a decade with a double digit yield, so I'm on the author's side on this one. And I've watched the pro PHKs and the doomsdayers face off, and I still collect my double digit yield. What I've also done is watch the monthly and weekly RSI and exit above a particular reading and every year I get them back buck or two lower. They have a doomsdayer vomit once a year. Now when Gross left, they cut back their leverage (never THAT high), so I've cut back my quantity accordingly. I've been expecting some softness and it hasn't come the last couple of days while all headlines speak of high yields and bonds selling off. Not PHK. Please explain !! Respect has to be given, nonetheless to some very basic principles being splashed around here. When things heat up, too much debt will bury you. Check assets, liabilities, coverage and quarterlies and as the saying goes, do something about risk before risk does something to you. Long live PHK !
    May 5, 2015. 09:37 PM | 4 Likes Like |Link to Comment
  • Williams Partners Doubles Down In The Utica  [View article]

    Great article, thank you.
    Which is better ? WMB or WMZ ? Bit like KMI and KMP right ? (Mr Kinder just owned KMI). Anyone have a strong view on that ? Much appreciated.
    Apr 9, 2015. 06:25 PM | Likes Like |Link to Comment
  • Make Over 8.5% With A Multi-Sector CEF Bond Portfolio  [View article]

    Sure thing. dreyfus is DHF. Bit of a roller coaster with 30% leverage.
    Apr 5, 2015. 02:08 PM | 1 Like Like |Link to Comment
  • Make Over 8.5% With A Multi-Sector CEF Bond Portfolio  [View article]

    Nice article. Thank you. Not knowing how they'll perform when the Fed begins to raise rates needs some coverage. I suggest looking at for duration. Can you supply the duration of your 7 funds.... ? (shame PHK is not there.. love that fund.. but NAV issues to a lot of people). To duration, its my belief that if you keep your duration low 3 to 4 years, the bonds will roll over into bonds of the new rate environment one we're off ZIRP and life will go on with a nice yield. There's a dreyfus high yield that has a 3 yr duration, paying out 9%+.

    Apr 5, 2015. 11:13 AM | 1 Like Like |Link to Comment
  • 12.96% Advantage For 5 MLP Highest Yield, Lowest Price, April Dividend Dogs  [View article]

    I like this approach, but how do you reconcile the possibility that a high yield predicts a reduction in dividend ? The Dow 30 are all stocks generally held to be around for a long time - big solid corporations. Not so with a broader universe of less substantial entities, right ? Linn energy comes to mind - they were fast about lowering the dividend, but how do we tell when others might ? Lower prices ? and so higher yields ? Value or a value trap. Need to do a lot more that simply rely on the analysts 12 month projection. Forward price projection in the energy patch are notoriously fickle.
    Apr 4, 2015. 12:38 PM | 2 Likes Like |Link to Comment