JCCIII

Commodities for Income Investors

RE the discussion about K-1's and MLPs. I agree with Scoups; TurboTax Premier handles the K-1's seamlessly. Not discussed, however, is figuring your new cost basis each year. Being new to the MLP world, I have not figured that out. Anyone willing to share insight or experience in figuring out the annual new cost basis for their MLP holdings? Thanks.

3 Must-Know Options Strategies for Dividend Investors

Cliff. I believe there is a typo in paragraph 3.B (Selling Put Options, The Tricky Part). You state, "Obviously, we want to sell covered calls at a strike price at or near strong support, at what we consider bargain levels." I believe you meant to say, "Obviously, we want to sell puts at a strike price at or near strong support, at what we consider bargain levels." Excellent series of articles. Thanks for what you do.

Must-Know Criteria for Picking Inflation Proof, High Dividend Stocks

Cliff. In earlier articles in this series of excellent articles, you recommended Macquarie Power and Infrastructure Fund (Yahoo! Finance symbols MCQPF.PK and MPT-UN.TO). There is a 31 March 2009 news story on the TSX site stating that 40% of the 2008 distribution was return of capital. Do you have metrics on what portion of distributions of other income funds are return of capital? Would such a high proportion of the dividend being return of capital take this fund off your recommended list? Thanks.

Top Foreign Dividend Stocks Traded in New York

Similar comment on BCS as Menachem Ben Yakov's comment on Lloyds TSB. Per Yahoo Finance, BCS has paid dividends of $1.755 and $0.895 during the 12 months preceeding its 8/29/08 close of $25.70. Assuming my data and math are correct, that produces a dividend of 10.31%.