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echinio9

echinio9
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  • The Time To Hedge Is Now! 2 New Candidates To Add Before It's Too Late [View article]
    ... or he could be a fellow Aussie from the Colo area of NSW :)

    By the way, Mark, I just came on to this post to say how I'm fortunate enough to discover your series on hedging some 2-3 weeks back and had since put some hedge in place (as well as buying QID and SH for good measure). Because of that, I was relatively unhurt yesterday. Kudos to you mate!
    Aug 25, 2015. 04:41 AM | 1 Like Like |Link to Comment
  • Does Berkshire Hathaway Make The Cut As A 'Retirement Stock'? [View article]
    Placebo, Thank you. Very well articulated comment. My gut feel is of the same view (ie. long BRK and sell ~4% when required for income) but I won't be able to word it so persuasively. Yes, I love those free Mexican chips.
    Aug 23, 2015. 07:07 AM | Likes Like |Link to Comment
  • Apple raises record debt Down Under [View news story]
    Apple has large cash positions that cannot be repatriated back to US without big chunks of it going to tax. So is the intention to raise foreign debt issues to bring in the 'loan money' into the country and then use the offshore cash positions to repay the loan?

    I am not well versed with US tax (or anywhere tax, to be honest) laws. I'm genuinely wondering if this is possibly what they are up to?

    Coz.. If so, in essence, they would have managed to bring the cash back and only paying the lower debt coupon rate instead of the higher tax rate.
    Aug 21, 2015. 07:14 AM | 14 Likes Like |Link to Comment
  • USO Versus USL: The Best Way To Buy Oil [View article]
    Thanks for writing this article.

    I'm waiting to launch into oil but was planning to start a position in USL before the year is out. Price might go down a bit more and then when it starts to stabilise and the cloud clears, to load up on UWTI.
    Aug 16, 2015. 06:58 AM | Likes Like |Link to Comment
  • Oil Prices: Best And Worst Case Scenarios [View article]
    Is there benefit in keeping DWTI short when we can go UWTI regular long? Not at all being facetious, but i really thought it's needlessly complicated when there's a simple solution right there.

    Looking to learn.
    Aug 14, 2015. 07:46 AM | Likes Like |Link to Comment
  • Oil Prices: Best And Worst Case Scenarios [View article]
    I think 2ng is challenging the author to substantiate the claim that the supply/demand situation now is more bearish than 10 years ago in his closing paragraph. I'm a data junkie myself and would be awesome if such data can be found.

    Sheepdip, i like your analogy though. Whatever we ate 10 years ago and now has no relevance at all in reality. We just end up being so full of shit anyways. :)
    Aug 14, 2015. 07:42 AM | 2 Likes Like |Link to Comment
  • The Time To Hedge Is Now - August 2015 Update [View article]
    Thanks again Mark. Looking forward to read more of your writings. Good luck to us all as we hedge up before the storm hits
    Aug 7, 2015. 06:07 PM | 1 Like Like |Link to Comment
  • Stock futures add to losses, dollar turns higher after jobs numbers [View news story]
    Its getting harder and harder to sift through the media garbage these days to get to the 1% of news that matter.. I need blinkers
    Aug 7, 2015. 10:07 AM | 4 Likes Like |Link to Comment
  • The Time To Hedge Is Now - August 2015 Update [View article]
    Hi Mark, I hope you don't mind what might be basic questions to you (I was working through the example of GT above. The spot price is $30.80, and you're expecting Target of $9.)

    1) How do you determine a Target price?
    For GT, you selected a target price of $9. In the 10 year price history, it was only below $9 in Q4 of 2008. In 20 years, only 2003 and 2008. I'm guessing the target price is simply the lowest prices during the last known 30% crashes?

    2) The time taken for stock to fall from peak to trough in both 2003 and 2008 is 13-15 months. The put that we buy in the strategy above is always 6-12 months ahead to keep cost down. What's the probability of the put cover expiring halfway through this period of peak-trough decline BEFORE the Target price is reached?

    And if/when that happened, wouldn't it be very expensive to renew the put at that point to see through to the Target price?

    Thanks. Hope my questions make sense.

    (P/s: if you only have time to answer one of my 2 posts here - ignore the one below :))
    Aug 7, 2015. 09:17 AM | 1 Like Like |Link to Comment
  • The Time To Hedge Is Now - August 2015 Update [View article]
    Hi Mark - I wish I discovered your series way earlier. I found your Part 1 article by chance this morning and I've printed all of it to read and understand as quickly as possible making up for loss time with this market becoming more and more volatile every day.

    Quick question...

    I have yet to do any hedging at all other than small RWM and QID stakes I bought last week (small gains now). This kinda partially offset some dangerous open short put positions which are at a small-moderate loss (fast growing!) which i'm trying to close off soon... but overall, my portfolio is built with dividend growth stocks at the core. Is it too late to hedge using your strategies?

    Thanks for a great series of article!
    Aug 7, 2015. 08:22 AM | 1 Like Like |Link to Comment
  • 3 Takeaways From Ventas' Second Quarter Conference Call [View article]
    What is your view of the impending Fed rate rises and their effects on VTS bottom line? I read somewhere on SA that the margin of borrowing costs and rental yield is very thin.

    I have an initial stake in VTS but wanted to hear from you veteran shareholders.

    Thanks.
    Aug 3, 2015. 11:28 PM | 1 Like Like |Link to Comment
  • Exxon Mobil declares $0.73 dividend [View news story]
    Don't forget to also put the motherload of your investment into BRK.B!!
    Jul 31, 2015. 05:17 AM | Likes Like |Link to Comment
  • Exxon Mobil declares $0.73 dividend [View news story]
    I can only guess a 'rookie' might be unfamiliar what "previous" referred to in the "in line with previous" comment: Does "Previous" mean the y-o-y comparison period or was it the immediate previous quarter.
    Jul 31, 2015. 05:16 AM | Likes Like |Link to Comment
  • 5 Reasons Coca-Cola Remains A Great Buy For Long-Term Investors [View article]
    Spot on. Found a nice graphical representation. :)
    http://goo.gl/g7N5zv
    Jul 29, 2015. 05:16 AM | 1 Like Like |Link to Comment
  • Create Your Own Miniature Berkshire Hathaway [View article]
    Hi Eric,

    I happened to come back to this post 9 months on and I can see now how BRK.B is not for everyone especially, as you pointed out, for those who need the portfolio to generate income right now.

    I'm in the accumulation stage with my portfolio, so BRK.B works great for me with great returns, zero transaction costs and zero taxes.
    Jul 29, 2015. 05:13 AM | Likes Like |Link to Comment
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