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das555

das555
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  • Equity CEFs: Back Up The Truck On SCD [View instapost]
    http://seekingalpha.co...
    Jul 1, 2015. 06:29 PM | Likes Like |Link to Comment
  • GasLog Partners to buy vessels from GasLog for $483M, to offer 7.5M units [View news story]
    Solid company. Nice buying opportunity.
    Jun 22, 2015. 04:52 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: The Market Message For The Fed [View article]
    I agree with a CEF as being a potentially good bond fund structure for a rising rate environment. In particular a Muni holding CEF does not make its income from trading bonds but from most often levered holding of muni bonds until maturation or call. The CEF market price may fall with holder sales induced by fear of rising rates (providing a better entry point and greater "discount" to holdings) but the income provided by the CEF's holdings being not dependent on trading and in a CEF structure not forced to be sold by managers to meet redemptions remains reasonably stable and therefore the dividends provided are reasonably safe. The cost of leverage will increase with rising rates but as some compensation the bonds purchased to replace matured/called bonds will provide greater yield in this environment.
    Jun 14, 2015. 03:12 PM | 2 Likes Like |Link to Comment
  • Utility CEFs For Defensive Income [View article]
    Shell Midstream Partners LP in the BUI holdings table is SHLX (not RDS.A) - an excellent MLP if a bit over priced currently. BUI appears to be a timely place to hold for a while.
    Jun 12, 2015. 09:47 PM | 1 Like Like |Link to Comment
  • Equity CEFs: Buy Alert On DSE Right Now [View instapost]
    The DSE payout according to CEFconnect (http://bit.ly/1KIV3Uk) is Return of Capital as is the most part of all MLP distributions and accordingly will lower your cost basis when sold. I am not sure whether the CEF is organized as a C Corp in which case the ROC reduction in basis activates the application of a capital gain tax rate (which is better) or whether they pass through the MLP ROC which activates an ordinary income tax rate on the basis reduction. I suspect the former or too many K1s would be mandated.
    Jun 11, 2015. 08:35 PM | 1 Like Like |Link to Comment
  • Equity CEFs: Buy Alert On DSE Right Now [View instapost]
    In general MLPs are better held in taxable accounts to take advantage of a deferred tax if sold (time value of your holding on to $$ as opposed to giving these $$ to the govt.) or never paying tax if held until they become part of your estate at which time the basis is stepped up for your heirs.
    Jun 11, 2015. 03:39 PM | 1 Like Like |Link to Comment
  • Why We're Dumping Kinder Morgan Right Now [View article]
    The "Chicken Little" club now including Meredith Whitney, Hedgeye, and Valuentum...
    Jun 11, 2015. 01:52 PM | 28 Likes Like |Link to Comment
  • CEF Strategies: Municipal Bond CEFs Back On Sale [View article]
    Unless one is a short term trader the purchase of these CEFs is about obtaining substantial tax free income. As most of these funds do not make their income from trading their bonds but rather usually hold them until called or maturity the income derived by the holdings is dependent upon bond quality and leverage (with its attendant costs). With a rise in interest rates the value of the funds holdings at any given time may well be diminished but if the bonds are not traded and the fund's income source is not dependent on bond trading then the income source and therefore the source of paid dividends is not compromised and is safe. With a rise in interest rates it can be expected that the leverage costs would increase but on the flip side, bonds purchased by the fund to replace their called/maturing bonds would also be expected to have a higher yield in this environment. With this perspective, these Muni CEF funds appear to be an excellent source of income in a balanced portfolio.
    Jun 8, 2015. 07:20 PM | 10 Likes Like |Link to Comment
  • Equity CEFs: Follow The 800-Pound Gorilla [View article]
    Thanks for the confirmation that I have passed your course - I independently have screened CEFs recently and as a result of applying knowledge gained have been adding to my ETY and BXMX.
    Jun 1, 2015. 10:45 AM | 2 Likes Like |Link to Comment
  • Equity CEFs: How To Buy The Dow Jones Industrial Average At A 10% Discount And A 6.9% Yield [View article]
    You might want to learn more about ROC.

    http://seekingalpha.co...
    May 19, 2015. 03:34 PM | 1 Like Like |Link to Comment
  • Verizon Might Have Hit A Home Run With AOL [View article]
    I suspect Verizon is playing the game a few moves ahead and attempting to avoid ending up a dumb and heavily regulated pipe.
    May 13, 2015. 05:29 PM | 5 Likes Like |Link to Comment
  • Equity CEFs: Now Is The Time For The Nuveen Global Equity Income Fund [View article]
    Thank you for your as usual actionable advice. The ROC is indeed a boon for higher tax bracket investors. I also note that Mr. Parsley is eating his own cooking having bought 8000 shares in Dec 2014.
    May 11, 2015. 04:04 PM | 2 Likes Like |Link to Comment
  • Memorial Production Partners Should Cut Its Distributions [View article]
    Time will tell and be informative of management's statements versus the UBS forecast - each should be held accountable and their veracity remembered.
    May 8, 2015. 12:06 PM | 1 Like Like |Link to Comment
  • A Canadian REIT That Says Buy Me [View article]
    I believe there are a number of good Canadian REITs - this is an interesting one but my favorite remains ARESF.
    Mar 30, 2015. 02:35 PM | 1 Like Like |Link to Comment
  • THQ: This New Healthcare CEF Looks Positioned To Move Higher [View article]
    Looks like a good fund but according to CEF Connect not tax efficient as all dividends are short term gains taxed at ordinary income levels. Hopefully will transition to long term gains in July 2015, one year after inception date.
    Mar 20, 2015. 03:11 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
257 Comments
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