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MartyFL

MartyFL
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  • Preferred Shares As A Replacement For Bonds To Increase Returns On One's Nest Egg [View article]
    Goldcenbear, I am in agreement with you. The one thing we don't know is the timing of when rates may rise. One way to possibly address that is with some of the Fixed/Floating preferreds issued over the past 2 years. Typically have a fixed coupon of 6 - 7% for 5 or 10 years then float at Libor + 400 or so BPS. They are usually callable at every re-pricing.

    Anyone have thoughts I those?
    Oct 9 02:12 PM | Likes Like |Link to Comment
  • Which Popular Dividend Growth Stocks Are 'Always' Undervalued? [View article]
    Potential for catastrophic costly accidents. XOM, BP, CVX (currently in courts regarding Ecuadorian rain forests).
    Oct 9 10:44 AM | 1 Like Like |Link to Comment
  • Two 7%+ Yields That Will Rise With Rates [View article]
    Thank you for pointing them out. I hadn't noticed their issuance. I like these fixed/floaters and intend to pick some up of both.

    PS: I don't think an issuer can suspend payments on their preferreds unless they do not pay their common stock dividends.
    Oct 7 12:44 PM | Likes Like |Link to Comment
  • A Better MLP Mousetrap? [View article]
    Be Here,
    Typically those step up bonds are callable at the repricing dates and will be called unless rates have rises so much that it better for the issuer to leave it meaning you are not benefiting as much as you should.
    Oct 4 09:17 AM | Likes Like |Link to Comment
  • 10 Adjustable Rate Preferred Stocks [View article]
    Emra
    They are non cum. I don't see many cumulatives. I'm not buying ones I think will fail and if things deteriorate, one can sell before disaster hits.

    One more I like is SCEDN from So Cal Edison. It floats and pays 1.45 + the highest of 3 M Libor, 10 Yr or 30 Yr Treas.
    Sep 29 02:49 PM | 1 Like Like |Link to Comment
  • The JPMorgan Apologists Of CNBC [View article]
    Bloomberg TV & radio are far more objective business and financial news reporting and professional than CNBC on it's best day. It's been downhill for them ever since Mark Haines sadly passed away. In their quest for ratings they've followed the Faux news model becoming opinionated big mouths of ultra free markets, unregulated business and proponents of money makers regardless of how ill gotten that money it. They'll continue to slide unless they revert back to reporting business oriented news without the obnoxious obvious spin.
    Sep 29 11:00 AM | 1 Like Like |Link to Comment
  • 10 Adjustable Rate Preferred Stocks [View article]
    I think you have evaluated them correctly. May be room for some in a portfolio but not loading up the boat.

    There are some others fixed/floating you may want to look at. They are fixed for 5 - 10 years and then float at around 400 bps over Libor.
    Once again, I'm not sure how they will perform as longer rates move upwards a few points. They are all trading at premiums.

    Here are 3 I have owned since their offerings. I did lighten up a bit.
    USBpM & N
    PNCpP
    Sep 26 01:07 PM | Likes Like |Link to Comment
  • 10 Adjustable Rate Preferred Stocks [View article]
    Bruce, there are a lot of good theories on how these and other adjustible bonds will perform going forward. The key to keep in mind is that many are tied to short term rates (Libor, 3 Month Treasury etc.) so that while longer term rates, it could be some time before these to readjust upwards. The Fed has pretty much indicated Fed Funds are not moving up for 2 or more years. Additionally, many of these have floor rates (eg.. 3 or 4%) which they are now paying. It will take quite a significant move upwards in Libor before their rates reprice upwards. So, yes they appear to be good products but keep in mind many took some hits the past few months as longer rates moved upwards in anticipation of tapering. That makes me wonder if these will perform as well as some expect.

    Hoping some others will share their expertise here.
    Sep 26 09:32 AM | 1 Like Like |Link to Comment
  • Reinvesting Dividends Vs. Saving Them And Buying On Stock Price Drops - Part II [View article]
    Mel,
    That used to create a real hassle, at least for me so I stopped reinvestments in taxable accounts. I don't think it will be much of a hassle anymore since brokers are now required to track your cost basis and report it to IRS and you.
    Sep 20 03:24 PM | 1 Like Like |Link to Comment
  • Reinvesting Dividends Vs. Saving Them And Buying On Stock Price Drops - Part II [View article]
    Nice analysis and I agree that I was surprised at the results. I wonder if this shows you are better letting your winners run since the manual purchase was for a stock that had declined which was warranted possibly was due to poor business performance. It also may just simple show that most people can't time the market os it is best to get your money into it as soon as you have it rather than wait.
    Sep 20 09:29 AM | Likes Like |Link to Comment
  • Tortoises Win The Retirement Race [View article]
    JP, That's exactly what I did and I saved even more. You are correct, you don't miss the money cause you never saw it in the first place, you live off the net on the check not the gross.
    Sep 20 09:21 AM | Likes Like |Link to Comment
  • Tortoises Win The Retirement Race [View article]
    Spot on. I'm driving a 2000 Toyota that looks and runs like a 3 year old car. (Garages are great.)

    I try to explain to my broke friends & family how much they could save every month & year if they just cut out the daily stop for coffee and lunch. They just don't get it. They drive relatively new cars, bring their pets to the groomer and have their nails done but struggle with their bills and have nothing saved for retirement. I make my own pot of coffee at home, brush my cat daily and cut her nails weekly. Not a problem at all.

    While I am sympathetic for the truly poor and unemployed, there are way too many (we all know some) that just don't even understand basic math to figure out how small changes in their consumption can result in big changes in their overall financial picture.
    Sep 20 09:09 AM | 3 Likes Like |Link to Comment
  • Hedgeye Report On Kinder Morgan Fails To Impress [View article]
    RFitz, sorry I don't know about any other nice freebies or discounts. If others know of any please share them. I have a Schwab account also. I have an IRA at TRowe & Rollover IRA at Schwab. I like to keep them separate for a variety of reasons. Also like the banking options at Schwab. Very happy with TRowe Capital Appreciation fund over the years. Never had an account at Ameritrade. So many to choose from. Some are giving nice cash payments for newly transferred assets.
    Sep 14 02:16 PM | Likes Like |Link to Comment
  • Hedgeye Report On Kinder Morgan Fails To Impress [View article]
    RFitz, Free premium Morningstar from T Rowe Price for an account over $50K or $100K. Its a nice perk I actually use...
    Sep 14 10:59 AM | Likes Like |Link to Comment
  • Hedgeye Report On Kinder Morgan Fails To Impress [View article]
    RF, I've read just the opposite. I have premium access at Morningstar. They specifically addressed the incorrect claim and say Kinder's maintenance is all at industry standards and so it their debt which would be out of whack if they were pushing all the maintenance to capital expansions.

    Stop repeating false acquisitions unless you can specify your sources rather than simply saying "I read..."
    Sep 13 05:41 PM | 1 Like Like |Link to Comment
COMMENTS STATS
376 Comments
306 Likes