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gmitchell2

gmitchell2
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  • Exelon: Moving In The Right Direction, But Still 33% Undervalued [View article]
    I bought EXC a few years ago and thought it was undervalued then. Morningstar had a strong buy recommendation. This may be the first time in my life that I don't regret not dumping a looser when there was so much negative sentiment. I'm also glad I did not buy Apple at its high when there was so much positive sentiment. One lesson I have learned with age is to turn off the chatter. So called "experts" don't know anymore that you or I. One of the best books I ever read was "Sway". The book talks about how "experts" lead us into making bad decisions. My rule is do the math, trust your gut and don't look back. Even a poorly managed corporation like EXC can have intrinsic worth well beyond its stock price.
    Mar 21 07:40 PM | 1 Like Like |Link to Comment
  • There's No Way I Can 'Butter My Bread' With This Healthcare REIT [View article]
    Brad, it seems not too long ago you described SNH as a REIT that you wouldn't loose sleep over or something to that affect. Now you dig deeper. Maybe you should "dig deeper" in the first place. Some of your followers me in particular drank the cool aid.
    Mar 19 09:46 PM | 3 Likes Like |Link to Comment
  • Coca-Cola's 3.3% Yield Is Hard To Ignore [View article]
    I have no complaints about your article as others. But I will take Pepsi please.
    Feb 23 08:48 PM | 1 Like Like |Link to Comment
  • 3 Utility Stocks: 2 To Sell, 1 To Hold [View article]
    I have significant losses in both FE and EXC in my IRA account. My two dogs. I wish I would have gotten this advice a year or more ago. At this point I will just ride them out.. Maybe before I die the dividends will cover my losses.
    Jan 25 09:03 AM | 2 Likes Like |Link to Comment
  • The New High-Yield, Monthly Dividend MLP Fund [View article]
    GlobalTrekker, my comment and question were for you. Again, "I agree but are you aware of any open end MLP funds? I have owned MLP's individually and got sick and tired of the K-1's that would come out right before the tax deadline and then a correction would come out a few weeks later. I now own a few closed end MLP funds that have mediocre performance and as you say highway robbery management fees. However, they do provide a nice income stream. Thanks."

    Your numbers may have been incorrect but you are right about the high management fees. I'm not a professional investor but it seems to me that there is a lack of disclosure in general with closed end funds. Are there any open funds that specialize in MLP's? If not why is that?
    Dec 25 06:32 PM | Likes Like |Link to Comment
  • Team Alpha Portfolios For Retirement: When Is Enough, Enough? [View article]
    "When Is Enough, Enough?" As with most things in life this is a very subjective question. I am 61, self-employed and work part-time. My house is paid for and I have never had a car payment in my life. 40% of my assets are in the market. Since I cannot predict the future I have chosen not to put money at risk that I am not prepared to loose. My portfolio got clobbered in 2001 and then again in 2008. I hate getting 1% in my credit union c.d.'s but I don't have to worry about working the rest of my life when the next Bear market occurs. Each person has to decide what is enough for them. It is also important to not get caught up in the market current. Most retail investors like myself jump in at the very worst time. There's an old golf expression "God hates a coward but he hates a fool even more." I believe this may apply to the market as well. I don't want to be driven by fear but I sure don't want to be foolish or greedy.

    If a person is near retirement they may want to reduce their spending or keep working rather than taking foolhardy risks in the market.
    Dec 25 02:50 PM | 5 Likes Like |Link to Comment
  • The New High-Yield, Monthly Dividend MLP Fund [View article]
    I agree but are you aware of any open end MLP funds? I have owned MLP's individually and got sick and tired of the K-1's that would come out right before the tax deadline and then a correction would come out a few weeks later. I now own a few closed end MLP funds that have mediocre performance and as you say highway robbery management fees. However, they do provide a nice income stream. Thanks.
    Dec 25 11:26 AM | 1 Like Like |Link to Comment
  • Broad slide in equity REIT sector [View news story]
    I thought I got a bargain on O & OHI a couple of weeks ago dollar average into them is what I am doing. I still like REITS better than rental property ... no hot water heaters to replace.

    Personally I think interest rates are going to stay low for a long time.
    Dec 11 03:30 PM | 13 Likes Like |Link to Comment
  • Now What's Wrong With The REITs? [View article]
    I took your advice but it looks like FRIFX holdings are 42% bonds. I agree with you in theory. I own FBIOX for the same reasons.
    Nov 12 11:28 AM | Likes Like |Link to Comment
  • 2 Ways To Gain MLP Exposure Without The Tax Headache [View article]
    According to Morningstar the current discount is -5.68 % and the three year is +1.20 %. The total management expense is 2.10% and the current distribution is 6.67 %. I do no currently own this fund but it is on my watch list and looks like a good buy. I currently own EMO, FEN and SMF. There seems to be a biased against funds among SA authors and readers but common sense tells me funds work better in certain specialty areas such as MLP's or biotech. Good luck!
    Oct 26 06:37 PM | Likes Like |Link to Comment
  • 2 Ways To Gain MLP Exposure Without The Tax Headache [View article]
    I have owned several closed end funds that specialize in MLP's for several years after getting tired of the K-1 issues. It wasn't that the tax complications were such an issue but I got tired of waiting until the last minute to file my taxes because K-1's are not required to be out until April 1, I believe. And there were even times the companies would send out corrections. I agree with other comments that you can make more money owning MLP's directly but it can also be more of a roller coaster. The funds give you diversity and a little more price stability. MLP's are also complicated entities and I prefer to leave it up to the "experts".

    If you buy at a good historical discount and look for funds with lower that industry average management fees these funds can be a good income generator. 
    Oct 26 10:07 AM | 1 Like Like |Link to Comment
  • Holding High-Yield Dividend Stocks Too Long Could Wreck Your Portfolio [View article]
    The Fed seems to be messing with our heads, holding up different signs every dance but in the mean time interest rates are climbing. I believe this article is prudent advice and I plan on staying clear of all financial stocks including big banks with all their pending law suits. I have followed your portfolio for a while now and your calls have been right on.


    As far as James A. Kostohryz, he is another of my favorite authors I will continue to follow. That's what's nice about SA, we can read what we want and ignore the rest. 
    Sep 21 05:24 PM | 1 Like Like |Link to Comment
  • No Taper Is A Gift: Sell All Long-Term Bonds Now [View article]
    James, I would appreciate your opinion on preferreds, utilities and mlp's all of which took a hit when tapering talk began?
    Sep 19 09:21 AM | Likes Like |Link to Comment
  • Compelling Reasons To Buy Starwood Property Trust Now [View article]
    Richard, it's always nice to read an article that supports owning a stock. STWD has been a good holding for me but should I be concerned about dilution from offering more shares? Also, analysts recommendations mean nothing to me because based on my experience analysts are usually looking in the real view mirror and tend to get on the band wagon. Example, buy Apple at $750.
    Sep 9 07:20 PM | Likes Like |Link to Comment
  • Duke Energy Is Worth A Look With Its High Yield [View article]
    Excellent article!
    Aug 16 06:20 PM | Likes Like |Link to Comment
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