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rnsmth

rnsmth
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  • Disaster Strikes For American Realty Capital Properties [View article]
    I sold my position this morning. Part of the beauty of having 30 positions is that no one surprise is going to hurt too badly. Total loss on ARCP = about .3% of the portfolio.

    Done with them, am I (said Yoda)
    Oct 29, 2014. 11:30 AM | 11 Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    Where is the next article (what did you do for me today?) :)
    Oct 27, 2014. 08:43 PM | 4 Likes Like |Link to Comment
  • What Likely Happened To Dividend Growth Retirees In The Recession: Another Point Of View [View article]
    <<Yet, no one did that. Most people defended any criticism of the article, but failed to see any issues with anything in the article.>>

    I have criticized Dale's articles before. His writing is not clear and does not lead to logical conclusions that are actionable, given the rambling and contradictory (in my view) nature of his articles. For me they are more noise than signal.

    I have stopped my criticisms and often now just gloss over the articles of his that I do read.

    They do appear to make sense to some and he has followers.
    Oct 26, 2014. 01:01 PM | 14 Likes Like |Link to Comment
  • What Likely Happened To Dividend Growth Retirees In The Recession: Another Point Of View [View article]
    Very nice Dave, a clearly written easy to follow article that makes sense!!

    Thanks!
    Oct 26, 2014. 10:06 AM | 3 Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    No Steve, I was referring to generally you can do that on the iPad. I have the Kindle app and Lowell Miller's book on the iPad - maybe I will try zooming some of the charts in that book today.
    Oct 26, 2014. 06:52 AM | Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    You can zoom and resize on an iPad ;)
    Oct 25, 2014. 04:50 PM | Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    In my Fidelity account, when looking at the history, the fee is a separate entry. I have 3 entries for UL in September, one for the dividend, one for the fee, and one for the amount reinvested (dividend minus the fee).
    Oct 25, 2014. 04:29 AM | 1 Like Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    It was not a hidden fee with Fidelity.
    Oct 25, 2014. 04:22 AM | Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    I used some of the proceeds from my sale of BMO and BNS to buy T. Added to it yesterday on weakness and added a bit more today. Am done for now, but have replaced much of the income that was gone with the Canadian bank sells.
    Oct 24, 2014. 07:55 PM | Likes Like |Link to Comment
  • Retirees: Are You Investing Like A Public Pension Fund? [View article]
    <<So far, tax raises have been the solution. I doubt taxpayers will stand for it much longer.>>

    In the case of court decisions, like the one in Oregon, taxpayers may not have a choice. The good news is, for states that have been able to institute reforms, that some relief is on the way as pensioners in the old, more expsensive system die off.
    Oct 24, 2014. 04:39 PM | Likes Like |Link to Comment
  • Retirees: Are You Investing Like A Public Pension Fund? [View article]
    Good article Adam!

    Pension issue varies from system to system. Oregon, for example, passed some reforms in 2003, taking the system from a defined benefit one to a hybrid defined-benefit/contri... one - with the defined contribution (IAP) portion manged by the Oregon Investment Council, the same body that is responsible for the Oregon PERS defined contribution segment. Anyone can see how that fund has done here: http://1.usa.gov/12pWtkb

    Some of the reforms were taken to court and the Oregon Supreme Court, ruled in part that the pensions were contractual obligations that could not be abrogated. I feel pretty safe with our two Oregon pensions, earned through our work at participating community colleges. The wife also has one from the state of Missouri, earned through her work at a state university there. Missouri is pretty solid.

    The point is that the pension systems are not a monolith (and I am not suggesting you wrote that they were). SS is rock-solid for current recipients (we both are), in my opinion. Others may have different feelings about that. If I were a young person - say below 50 today, I would probably discount the amount I expected to receive from SS by 30-50% as I did my retirement planning, just for safety sake.

    So, all of our other funds are in equities. I am comfortable with that and, even though the pensions and SS give us cost of living increases (capped in the case of the pensions), I like the current yield and the dividend growth of our portfolio - which exceeds the current inflation rate by a factor of 5 (that includes the benefit of dividend reinvestment).
    Oct 24, 2014. 09:23 AM | Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    I am another UL holder.
    Oct 24, 2014. 03:43 AM | 1 Like Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    This is really good stuff. I decided to see how much co-ownership I had with each of the panelists. It ranged from eight companies (Chowder and Bob Wells) to one company (Dave C). There were two at seven, one at six, three at five and one at four.

    This means there are some companies out there that are very attractive to some pretty sharp folks that I want to take a look at. Thing is, I am retired, and while still accumulating all of that is happening via drips. I think I should reconsider that and maybe let dividends accumulate to provide the capital to invest in new companies.

    I also am helping our sister-in-law diversify her IRA out of DAL - which has done very well over the past year - into dividend growth stocks. This article will be very helpful in provide ideas beyond what I own and what is in Morningstar Dividend Investor portfolios. Maybe next I will check overlap between the Top 12 here and those two portfolios.

    Much thanks to Mike and to the 10 panelists!!
    Oct 23, 2014. 07:18 AM | 2 Likes Like |Link to Comment
  • The New Nifty Fifty, Part 2: Dividend Growth Investing's Greatest Hits [View article]
    Two thumbs up (Chicago reference).
    Oct 22, 2014. 10:51 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Apple Could Conceivably Double Its Dividend By 2016 [View article]
    n the past 4 quarters Apple has generated 56.7 billion dollars from operations (looked at the last 4 earnings call transcripts and added it up) on 182.7 billion dollars in revenues, for an operating margin of 31%. Apply the same percentage to an estimate of 210 billion in revenues for FY 2015 and it yields cash from operations of just over 65 billion, an increase of a bit over 2 billion per quarter on the average.

    Another way to look at it is that quarterly increase would cover about 70% of the cost of dividends that will be paid in November (47 cents times 5.99 billion shares - though the share count will be a bit lower).

    In FY 2014, 22% of revenues dropped down to the bottom line, for a total of 40.2 billion dollars in net income. Apply that percentage to a reasonable estimate for FY 2015 (I used 210 billion, average analyst estimate is 208.2 billion) and the profits should be around 46.2 billion dollars, a 15% increase.

    Note that EPS will experience a higher percentage increase due to the continuing share buyback, just as it was if FY 14 Q4.
    Oct 22, 2014. 07:00 PM | Likes Like |Link to Comment
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