SteveTheHawk

SteveTheHawk
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  • Forget About Kinder Morgan And Lock In A 4.5% Yield Here  [View article]
    Seatle,
    Just for kicks, I tried to look up the bonds for PAA. I did find a listing of 18 different bonds (that alone is a big step for me). Looking down the YTM column, I don't see any that are much above the 7% range. What am I missing? Is there a specific CUSIP that I should be using? Sorry for the stupid questions. Thanks.

    Steve
    Dec 20, 2015. 08:22 PM | 1 Like Like |Link to Comment
  • Forget About Kinder Morgan And Lock In A 4.5% Yield Here  [View article]
    RAS,
    Your articles do indeed make a difference, so please don't stop. I may someday take a stab at an Instablog post if I feel like I have something worth sharing. It would be a big step for me to write an article on SA. I've learned a lot, but I still lack significant skills and/or experiences.

    Since I became involved with DGI, for example, I have yet to even experience a bear market. We know that sometimes the commentators on SA can be a tough crowd. I'm not sure I want to open myself up to that. :-)

    Steve
    Dec 20, 2015. 01:41 PM | 3 Likes Like |Link to Comment
  • Forget About Kinder Morgan And Lock In A 4.5% Yield Here  [View article]
    Seatle,
    Thanks for the input. Very interesting. All of our investments are inside either Roth or TIRA accounts, so I don't get too worked up about taxes.

    I don't understand much of anything when it comes to bonds, but your strategy in intriguing. The problem is, I'm not even sure how to look up the bonds you refer to. Kind of sad, isn't it? :-)

    I'm still trying to figure out the bond screen app on Fidelity. One step at a time I guess.

    Steve
    Dec 20, 2015. 01:28 PM | 1 Like Like |Link to Comment
  • My 2016 Plan: Quality Is Job 1 When Building A Fortress Portfolio  [View article]
    Excellent article, Sleuth. As usual, you have given me something to think about. As of late, I have been contemplating whether our portfolio is constructed as it should be. I do need to pay more attention to credit quality. It's not that I have a lot of high risk holdings, but I do own a few that have me questioning myself.

    I don't expect that any bull market can last forever. In that I began my venture into DGI in 2011, I think that I risk becoming complacent due to the absence of a serious bear market biting me in the arse. The bear will come out of its cave eventually and I don't want to be sitting on any low grade stocks when it happens.

    There are a few stocks that need to be pruned, no doubt. It's difficult for me to sell and watch our income take a hit, especially since I am not comfortable with valuations in general and find it tricky to invest the funds elsewhere. I suppose I may have to just sit on some cash for a while.

    When I do my year-end review, I will be incorporating thoughts from this article. Thanks again.

    Steve
    Dec 20, 2015. 09:45 AM | 6 Likes Like |Link to Comment
  • Forget About Kinder Morgan And Lock In A 4.5% Yield Here  [View article]
    Paul,
    Thanks for your comments. Just today, I began digging around on my broker's site (Fidelity). Hopefully this will at least get me on my way.

    Steve
    Dec 19, 2015. 09:48 PM | 2 Likes Like |Link to Comment
  • Forget About Kinder Morgan And Lock In A 4.5% Yield Here  [View article]
    RAS,

    I'll think about it :-). Two thoughts come to mind though. I'm not a great writer, for one. Second, I feel like no matter how much I learn I won't be able to hold a candle to many of the folks here on SA.

    Steve
    Dec 19, 2015. 06:35 PM | 2 Likes Like |Link to Comment
  • Forget About Kinder Morgan And Lock In A 4.5% Yield Here  [View article]
    RAS,

    Thanks for mentioning those articles. I have perused them in the past, and they make a lot of sense to me. I've been debating with myself as to my true comfort level when it comes to allocation. We have pensions and I received my first SS check this month. I view this income as fixed for all practical purposes. The vast majority (about 85%) of our Roths and my IRA are (or will be) allocated to DG stocks. I would like to have the remainder invested in a safe income vehicle.

    Our cash accounts and CD's are "safe" until you consider inflation, then they aren't safe at all. For now, I would like to put that 15% into some solid bond holdings outside of a bond fund or ETF. I have to think that I can find some rock solid bonds that would return many times what we currently receive on our cash. At least, I sure hope so.

    I don't want to rush into it since I truly have no clue how to interpret bond information and the risks involved. If I can get "learned up" on the topic, I think I will be comfortable with that 15% allocation.

    Steve
    Dec 19, 2015. 06:16 PM | 3 Likes Like |Link to Comment
  • Forget About Kinder Morgan And Lock In A 4.5% Yield Here  [View article]

    "Many SA investors are bond-market naive"

    Um, yeah.... I would be included in that group. I'm only now trying to figure out the best place to turn for some education on buying bonds. I pretty much have all the equity allocation I want now. The remaining cash in our accounts should go elsewhere.

    For now, it's in cash because I don't want to buy the wrong bond(s) and end up with my wife looking at me like I'm some kind of moron when the monthly statements arrive. I also don't want to invest where returns are horrible, etc. I've got some work to do I guess.

    Steve
    Dec 19, 2015. 05:37 PM | 2 Likes Like |Link to Comment
  • Goldman upgrades Microsoft, does a mea culpa (updated)  [View news story]
    Guess I'm not smart enough to understand the ways of GS. I bought MSFT in March at $41.50. I can't bring myself to buy now. Seems a bit overpriced. I would start looking again if it gets in the mid-40's. Outside of that, I'll just do nothing with the stock.

    Steve
    Dec 18, 2015. 10:31 AM | 5 Likes Like |Link to Comment
  • 3M - Do Not Buy Yet, 2016 Earnings Growth Is Of Low Quality  [View article]
    I agree, kblover. I have yet to own MMM, much to my displeasure. I've played the waiting game for some time. I had a target of $134. Of course, when it hit in the $138 range earlier this year I stubbornly waited and I still receive no income from this stock.

    I'm thinking that if it drops to $140, I'm not going to wait anymore and will start edging in.
    Dec 16, 2015. 11:08 AM | 1 Like Like |Link to Comment
  • Amgen declares $1.00 dividend  [View news story]
    Very, very nice. AMGN is about 2% of our portfolio. Bought it back in September at $138. Of course, I now wish it was about 5% of our portfolio, but it got away from me before I could add more. If we catch a bit of a dip, I might add a little more more, but the bargain prices probably won't be back for a while.
    Dec 15, 2015. 08:47 PM | 4 Likes Like |Link to Comment
  • AEP reaches settlement on Ohio coal-fired power plants  [View news story]
    You are likely correct, RG.
    Dec 14, 2015. 07:11 PM | Likes Like |Link to Comment
  • Buy McDonald's For The Safety And Dividend Going Into 2016  [View article]
    Just my opinion, but MCD seems a tad pricey these days.
    Dec 14, 2015. 07:00 PM | 3 Likes Like |Link to Comment
  • AEP reaches settlement on Ohio coal-fired power plants  [View news story]
    "the pact supports “anti-market" subsidies with costs borne by Ohio residents and businesses in favor of AEP shareholders."

    In that I'm a shareholder of AEP, I have no problem with that.
    Dec 14, 2015. 06:57 PM | 2 Likes Like |Link to Comment
  • Verizon Is A Clear Dividend Champion  [View article]
    Adict,

    I may grab a few shares. We shall see. Seems like $42 is hard to come by.

    Steve
    Dec 12, 2015. 09:16 PM | Likes Like |Link to Comment
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