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Smarty_Pants

Smarty_Pants
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  • Where Are The Digital Shorts Now? [View article]
    I have to add my thanks to those already expressed. After reading Brad's articles I picked up a position in DLR at $49.50-ish for a yield of 6.3%. I'm up nearly 20% on the position now (ignoring dividends) and any dividend increases are icing on the cake. So long as DLR continues to execute I have no reason to sell.
    Jul 10, 2014. 10:09 AM | Likes Like |Link to Comment
  • The Numbers Are In! [View article]
    With all due respect Charles Ponzi, there's no justification to post for the sole reason of belittling another member's comments.

    There are people of all levels of experience interacting here on SA. Most are trying to learn how to improve their investing results by sharing their past experiences. Some are very knowledgeable, some aren't, but that doesn't justify cracking a joke at another's expense.

    In many of your posts you've demonstrated a good understanding of investing but nobody is going to take you seriously if you keep going with the wiseacre routine.
    Jul 9, 2014. 08:13 AM | 2 Likes Like |Link to Comment
  • The Numbers Are In! [View article]
    "A 57% return over 8 years, congratulations." - Charlie Ponzi

    Actually, for someone who is already retired he's doing pretty well with INTC. His dividend has grown at 10.6% CAGR over those 8 years (that's without dripping).

    The earliest day he could have bought in March 2006 was the 17th (first day the low was below $19.47). According to longrundata, his CAGR, with dripping, from 3/17/2006 through the present is 8.97%.

    TR for SPY, with dripping, was 7.28% CAGR by comparison.

    So he beat the S&P 500 TR by 1.69% CAGR over those 8+ years. From what I've read, that's better than a majority of professional money managers can do.
    Jul 8, 2014. 07:59 PM | Likes Like |Link to Comment
  • Are VYM And SDY Good Dividend Growth Investments? [View article]
    Awesome Sauce!
    Jul 8, 2014. 07:05 PM | Likes Like |Link to Comment
  • How Warren Buffett Earns $900 In Dividends Per Minute [View article]
    "And the enemy of the people who pay over a buck for flavored sugar water." - Khyber Pass

    Voluntarily. Nobody is forcing them to make those purchases. There are store brands available that cost a lot less nearby on the same shelves, yet customers keep buying billions of dollars of Coca Cola for some reason.

    Must be they think the price is reasonable enough for the product they get, or they would buy the store brands instead.
    Jul 7, 2014. 07:09 PM | 1 Like Like |Link to Comment
  • How Warren Buffett Earns $900 In Dividends Per Minute [View article]
    "Warren Buffett's Berkshire Hathaway owns 400 million shares of Coca-Cola, which entitles it to $122 million in quarterly dividends. This translates to roughly $928/second in dividend income, and a yield on cost exceeding 37.50%. This was achieved through identifying a great business with potential, paying a fair price for it, and then patiently holding on to it, letting power of compounding do heavy lifting."

    OR ... Warren Buffett found out that Dave Crosetti worked for KO and realized that would result in immense compound returns over a long time (aka ... a great business with potential).

    Just Sayin'. :-)
    Jul 6, 2014. 06:11 PM | 2 Likes Like |Link to Comment
  • The Numbers Are In! [View article]
    "Having the goal of 40 companies makes trimming outsized positions and redeploying them very purposeful. Are you finding constraints as you approach the 40? This is what I have experienced and will start writing about this week." - Inzkeeper

    I have done the same thing; sell overvalued gainers to buy new positions. Honestly I don't see much difference in selling overvalued gainers to add to quality stocks that are beaten down to great values, provided my income increases in the process.

    So long as my income increases and my overall portfolio performance meets my needs I have little concern whether the exchange is "the best" choice. I can live with second best if my income grows in the process.
    Jul 6, 2014. 02:23 PM | 2 Likes Like |Link to Comment
  • The Numbers Are In! [View article]
    "We now have more $ in the portfolio than the money we lost"

    That is AWESOME! I am so happy for you.

    It is truly amazing what a little focus and hard work can accomplish. The $64 question is what will you do with yourselves when you can afford to retire several years ahead of schedule?
    Jul 5, 2014. 07:22 PM | 1 Like Like |Link to Comment
  • The Well-Oiled Cash Flow Machine Continues To Perform Beyond Expectations [View article]
    Thanks Miz.

    Libre Office is the new and improved Open Office. Most of the mainstream Linux distributions have it pre-installed.

    I know that there used to be functions (years ago) that would allow me to get quotes in Office 97, but the party who supplied the quotes stopped supporting it and I've been too lazy to figure out what else is available. Once I saw what Google Docs would do I set up a simple time-saving portfolio quote sheet to use.

    I figure that since Google has a finance section with real time quotes that they will probably continue to support the quote function in Google Docs for a long time. I've bookmarked my quote document and I don't mind using copy & paste.

    That's as easy as it gets for me. No learning curve.
    Jul 5, 2014. 07:15 PM | 2 Likes Like |Link to Comment
  • The Numbers Are In! [View article]
    Faye,

    Looks like you've been very busy with everything. Glad to see you are managing to keep up with the portfolio anyway. Also glad to see you realize the importance of other activities. Try to keep a sensible balance.

    You could do a lot worse than building a position in SLW now. The PM complex appears to be building up to an upside breakout, led by the miners. A leveraged 'miner' like SLW will probably be one of the leaders in the pack.
    Jul 5, 2014. 12:31 PM | Likes Like |Link to Comment
  • The Well-Oiled Cash Flow Machine Continues To Perform Beyond Expectations [View article]
    "Smarty: Nice idea and if you have Win8 - you can put Google right on your desktop and make those adjustments from the desktop......as well as saving needed materials right to Google so you have an automatic backup working." - mbkelly75

    I HAD Win8, until it self destructed on me, just like Vista did before it. I rebuilt my laptop using Linux and won't ever go back.

    I set up a google docs version of my portfolio with the stocks in the same order as in my local Libre Office spreadsheet. Now when I update I just open the google docs version, copy all the prices, and paste into my home spreadsheet. Before that, I had to enter each price by hand, which took a LOT longer. I keep backups on both a thumb drive and a usb hard drive, so no worries there.
    Jul 5, 2014. 11:49 AM | 1 Like Like |Link to Comment
  • The Well-Oiled Cash Flow Machine Continues To Perform Beyond Expectations [View article]
    Google Docs can also be used to update your personal spreadsheets.

    Here is an example you can use as a basis for generating your own based on your holdings:

    http://bit.ly/1olGqsg

    Copy one of the rows and paste in more rows based on the number of holdings you own. Change the stock symbols to reflect your stocks, then copy and paste the data into your own personal spreadsheet. The nice part is that the google spreadsheet updates each time you open it so you get the most recent data. It saves me a lot of time from the former manual entry method I used to use.

    You may need to sign up for a google account if you don't already have one.
    Jul 5, 2014. 10:21 AM | 1 Like Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part II: Leverage) [View article]
    Nice addition to the series Left Banker. I'm not sure that I'd personally use CEFs as a long term holding, but they might work as an opportunistic trade.

    I've looked at one CEF in more detail (IRR - a buy/write equity fund) and have a question. Total performance for the fund over 10 years (2.6% CAGR) vs its largest holding (XOM - 11.4% CAGR) seems odd. It appears to me that the holder is trading long term gains for short term income but in the process they are eating their seed corn, albeit slowly.

    Am I missing something? It would appear at first glance that buying XOM and selling off shares slowly might produce better results over time. If one insists on using the CEF, actively buying / selling shares based on variations in the discount to NAV would seem a necessary precaution.
    Jul 4, 2014. 04:11 PM | Likes Like |Link to Comment
  • Need 7-8% Yields In Retirement? Build Your Income Portfolio With Closed-End Funds (Part I) [View article]
    "the comment software does not like strings separated by slashes or commas and they get truncated" - Left Banker

    Actually it's the number of continuous non-white space characters in a row which triggers truncation. Sprinkle a few spaces in any long string and it will display properly.

    1234567890123456789012...

    1234567890 1234567890 1234567890
    Jul 4, 2014. 02:26 PM | Likes Like |Link to Comment
  • Retirement Strategy: ETF Portfolio Vs. The Stock Only Portfolio: Surprise, Surprise! [View article]
    "Your study would be more meaningful and hold greater value for investors with better criteria for selection of the ETFs." - Riskybiz181

    Why not set up a portfolio based on your criteria and establish it based on the same start date RS used? It's only been 3 months.

    I'm sure most readers would welcome another real life example to compare. You could easily post results as a comment whenever RS updates his numbers.
    Jun 29, 2014. 01:44 PM | 1 Like Like |Link to Comment
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