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  • How To Be Sure You Won't End Up Eating Cat Food In Your Retirement [View article]
    Microsoft has some excellent Mortgage Templates that you can use to play around with to see how prepayments will turn out. I use one that I can easily paste different numbers into the monthly payment amount and copy it down the column to see how it works out. I also use it to make sure the bank has my balance correct...their statement is close to the balance in the spreadsheet (differences are due to the posting date the banks makes the payment - they are one of my few payees that still get a hard paper check).
    Jun 30, 2015. 01:21 PM | Likes Like |Link to Comment
  • Kinder Morgan Inc - Look Past The Punditry And See The Big Picture [View article]
    I don't understand all the worry about the debt and rising rates, if that happens. Most of the debt is fixed rate and entered into in order to build specific pipelines that have 10 - 20 year commitments. Unless the debt is structured as a balloon, which I doubt, the debt is paid off well before the profitable productive pipelines lives are over. So, the debt will be paid off and a long lived productive asset is still chugging out tolls for every unit of product passed through it. If rates rise, new projects will have higher toll charges or they won't be done but that does not impact the existing infrastructure. I for one can live with an investment that continues to pay nice dividends which rise just based upon rising toll charges that are part of the agreements KMI has with its customers. Rising rates will have little impact on the company.
    Jun 22, 2015. 04:53 PM | 5 Likes Like |Link to Comment
  • The Vanguard Dividend Appreciation ETF And The Front-Runner [View article]
    Take a look at Vanguard's customer protection in case of fraud. You will see it is very vague and imposes many more responsibilities on the customer than most of the other brokers. Fidelity & Schwab pretty much guarantee to make you whole. I'm not so sure about Vanguard & Scottrade.

    I started investigating this when a friend's mother had her bank account cleaned out. Although she was using an old PC running outdated XP and other software, the bank made her whole. Brokers are not very clear about this. Way too much legalese in their disclosures.
    Jun 17, 2015. 10:55 AM | Likes Like |Link to Comment
  • Is There A Dividend Bubble: Kinder Morgan Edition [View article]
    "KMP holders were sold a story where they could collect tax-advantaged yields for their lifetimes and then pass it on to their heirs without tax issue. Kínder broke this implicit promise."

    Sorry. There are no guarantees in business. If Kinder didn't do something, private equity could have or any other business could have. You buy an investment in a company and hope it turns out well. After that, you just hope. I owned Anheuser-Busch for decades. Loved the increasing dividend and splits. Someone took them over. I never, ever complained. I paid my taxes on the capital gains, reinvested the proceeds and look forward. To continually hear some people complain about the Kinder Morgan conversion gets very old. It's life and business. No guarantees. Get over it and look forward. Congress could change the tax laws and all MLPs could crash overnight as they did in Canada. But to keep harping on a very positive business transaction is tiresome, wrong and a waste of time. If you don't like the company or executives, don't own it.
    May 12, 2015. 05:38 PM | 5 Likes Like |Link to Comment
  • Less Than Zero: The Implications Of Negative Interest Rates [View article]
    I love your idea. Hope it can work. I was thinking of getting a safe to hold my cash. The only issue I see is liquidity: you'll have to wait until filing your return to get your cash back if you want it.
    Apr 4, 2015. 02:55 PM | 1 Like Like |Link to Comment
  • The Housing Bubble And The Lesser Depression: Either The Very Sharp Dean Baker, Or I, Am Hopelessly Confused [View article]
    They were not paid that amount when all the factories and jobs relocated.
    Apr 4, 2015. 07:47 AM | Likes Like |Link to Comment
  • The Housing Bubble And The Lesser Depression: Either The Very Sharp Dean Baker, Or I, Am Hopelessly Confused [View article]
    Both outsourcing American jobs and the housing bubble pop are what has hurt the US economy. Without good secure manufacturing jobs, no amount of fiddling will bring back a strong domestic economy. Those billion Chinese customers we were promised turned into a billion $1 a day workers.
    Apr 3, 2015. 02:40 PM | Likes Like |Link to Comment
  • An Analysis Of The Risk/Reward Balance For Intermediate And Long Term Treasuries [View article]
    Wonderful article. I agree with much of what you said and that the risk/reward is not there for treasuries or much fixed income.
    Mar 10, 2015. 02:57 PM | Likes Like |Link to Comment
  • Berkshire Hathaway: High-Growth Stock? [View article]
    I like owning BRK and for the time being and happy not getting a dividend so Mr Buffett can reinvest. Eventually, I suspect they will have so much excess cash flow that they may initiate one just as I need a bump in my income.

    The big thing that concerns me is how the company will do once Mr. Buffett and Mr. Munger are no longer running the show.l
    Feb 25, 2015. 01:03 PM | 1 Like Like |Link to Comment
  • Linn Energy - Strong Cash Flow For Years [View article]
    Blackstone Pledges $500M To Linn Energy: Bloomberg
    Jan 2, 2015. 04:28 PM | Likes Like |Link to Comment
  • John Mauldin On The Yen: A Philosphical Disagreement [View article]
    Mauldin uses way too many words to get to a point. Can't waste the time on his daily books.
    Dec 9, 2014. 05:45 PM | 3 Likes Like |Link to Comment
  • Kinder Morgan: What Worries Me The Most [View article]
    Keallen, Seeing you comment about Fidelity cost basis, made me go double check. They have everything correct with my KMR -> KMI conversion. I took a snap shot of my entire position on the 26 so I could double check everything. All looks as I calculated it to be.
    Dec 3, 2014. 05:02 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: What Worries Me The Most [View article]
    Super, You've got to give Fidelity feedback that you don't like the new system. I have called them several times about it and written telling them it is so poor I think it will cost them customers.
    Dec 3, 2014. 04:44 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: What Worries Me The Most [View article]
    Gary, My KMR was converted by Fidelity on Monday based upon the share conversion of 2.4849 that was announced by Kinder when the deal was announced. The price was irrelevant.
    Dec 3, 2014. 03:30 PM | Likes Like |Link to Comment
  • Kinder Morgan: What Worries Me The Most [View article]
    Rich, I preferred Fidelity as well but I am very disappointed with their "new, improved trading experience". Have you taken a look or converted yet?
    Dec 3, 2014. 03:24 PM | Likes Like |Link to Comment