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Ruk

Ruk
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  • Can We Ever Really Retire? Why Americans Stink At Math [View article]
    Petrarch,

    You are absolutely correct, the authors portfolio is highly concentrated especially in the "energy' related area. If this area gets hit he will get creamed.

    Real diversification can only be accomplished by putting assets in your portfolio that are as non correlated as possible.

    I would respectfully suggest your portfolio also should include some exposure to commodities & precious metals.

    Be well,
    Ruk
    Aug 11 03:39 PM | Likes Like |Link to Comment
  • A Diversification Dissertation For Income Investors [View article]
    Adam,

    Well written, common sense article as usual.

    In my experience diversification only helps to a significant level if the asset have a high degree of non -correlation.

    Maybe I am looking in a lot of the wrong places , but I am having a difficult time finding enough assets that are not closely correlated . In addition , during volatile and bear markets the correlation levels go up significantly.

    That is why I am extremely heavy cash at this point.

    Be well,
    Ruk
    Jul 30 08:44 AM | Likes Like |Link to Comment
  • Ignore Apple's Threat, Sirius XM Is Still A Good Buy [View article]
    nodog,

    You get get it , very good comment. These folks that think Apple and Pandor is a threat to SIRIUS , need to try them.

    The barrier of entry to this sat. radio business is extreme, SIRI has made it over that hump, they are a virtual monopoly in this space.

    Take a long drive , and see how many times your internet based / wireless music and talk cuts out.

    I have been a SIRIUS subscriber in all my vehicles for a long time now, love it and have recommended it to many of my friends and business associates , who also love it. I also put my money where my mouth is, I am long about 8,000 shares.
    Jul 16 08:44 PM | 4 Likes Like |Link to Comment
  • Should You Be A Buyer Of REITs Or mREITs Today? [View article]
    Adam,

    Good piece as usual.

    I would not beat yourself up to much about ARCP, I bought it over O based on your recommendation. I am still long a significant position and believe your recommendation will turn out fine.

    In my opinion , one way to help mitigate some risk and still get a nice yield is to buy REZ and ROOF . You get very good diversity , nice combined yield and less individual volatility. I have a very significant long position in both of these.

    The only individual REIT I currently own is ARCP.
    Jul 13 01:53 PM | Likes Like |Link to Comment
  • Should I Short These 3 REITs? [View article]
    Brad ,

    I totally concur on your statements regarding timing and direct shorting of stock,
    although I have done a little shorting in the past.

    However there is a way to limit risk , while betting against a stock . If options are offered on these particular REITS you can take a put position, if you are very convinced they will take a fall.

    I am surprised you did not mention this in your write-up
    Jul 8 10:23 AM | 1 Like Like |Link to Comment
  • Just How Risky Is High-Yield Dividend Investing? [View article]
    Adam,
    As usual , a very clear, concise and well thought out piece. Which is why you are one of the few contributors I follow on SA.

    Every investment carries risk, the idea of smart investing is to understand the risk and to access if the tools exist to help you limit / manage that risk.

    If they do not , then you should pass on taking that risk. Every time I have ignored managing risk in my over 40 + years of investing I have gotten killed.

    Be well,
    Ruk
    Jul 4 09:53 AM | Likes Like |Link to Comment
  • Ehh, What's Up DOC? [View article]
    I am using ROOF to gain exposure to a diversified mix of small and mid cap REITS , it returns a nice dividend also.
    Jul 3 08:42 AM | Likes Like |Link to Comment
  • Farmland Is The Next Big Thing In REITs [View article]
    If you want farmland , go buy the real thing , that you can touch , smell, feel & see.
    Buy in an area where you are familiar with and you can talk with the local people that actually work the land for a living.

    I am not a farmer , my wife grew up on a 400 Acre dairy farm, her family is still very much into farming , my grandparents and father grew up on farms and ranches.
    Jun 30 08:48 PM | Likes Like |Link to Comment
  • The Hurdles Are Getting Higher For Active Management [View article]
    Larry,

    I highly agree with the fundamental premise in your article. The one exception in my opinion is investing in frontier or emerging markets. I only use actively manged funds for these asset classes, I also only choose the funds that have consistently outperformed their respective indices over long periods of time. However as you know, the fees on these top performers tend to be steep, but in this case I am willing to pay for their knowledge and expertise about these markets

    In additional support of you article, in 45 years of investing I never owned a actively manged fund the outperformed the broad market for any reasonable length of time.
    Jun 17 11:39 AM | Likes Like |Link to Comment
  • Prospect Capital: What Comes Next? Part 1 [View article]
    Buz,

    I think this and your previuous analysis on PSEC are spot on. the first one prevented me from taking a large position in PSEC a while ago.

    Also based oon your past comments about MAIN , I did take a large position ( scaled in ) on MAIN.

    Do you have any thoughts on MAIN in light of the recent price action.

    Thanks, RUK
    May 13 01:39 PM | Likes Like |Link to Comment
  • Diversifying The Perfect Retirement Portfolio - Here's How: Part 3 [View article]
    Chuck,

    I think you have always been a very thoughtful and intelligent contributor to SA, which is why you are one of only very few contributors I follow.

    So here is my take on diversification:

    It is irrelevant on how many securities you have in any portfolio, the only thing that matters is how closely they are correlated.

    Asset classes ( stock , etc. ) are now becoming so highly correlated , especially in down markets, also diversification it is the strategy of the day which everyone and their grandmother is espousing, which makes it somewhat worthless.

    If you want to make money in any type market you need to swim up stream , while the masses are swimming downstream. Don,t diversify , just pile in on absolutely hated asset classes. You will get ultimately do very well.

    Just some thoughts from a former CEO , now semi retired college adjunct prof.
    May 7 04:02 PM | 1 Like Like |Link to Comment
  • Is There One REIT Every Investor Should Own? [View article]
    Adam,

    Thanks for the thoughtful reply on CCG.

    A developer in Ithaca just completed a new student housing development just off campus , 650- 1,2,3, bedroom apartment units. They rent between $1200-3000 per mo. , almost all rented already.

    That is part of the reason I do not understand what is going on with CCG either. I think it might be the colleges where they have developments.

    Historically, IVY league schools like Cornell attract wealthy foreign students and students from higher income families that can afford these high rents for student housing. Also Cornell's enrollment numbers have not fallen ,like many other colleges.

    I live about 5 min. from the Cornell campus , in Ithaca, NY.

    Be well,
    Ruk
    Apr 26 10:43 AM | Likes Like |Link to Comment
  • Is There One REIT Every Investor Should Own? [View article]
    Adam,

    Do you have an opinion on CCG, it has sold off significantly over the last 12 mo. Do you think it is bottoming in the mid 8 range. Nice dividend , if they can sustain it !

    The college housing market is an interesting one, I live in a college town , and my wife is a real estate broker. I am a retired former CEO, but I teach a couple of courses as an adjunct college prof.

    Interestingly enough we own no rental property only REITS , too much hassle renting to students, unless you have lots of units and can justify property management and full time maintenance.

    Thanks.
    Apr 25 05:12 PM | 1 Like Like |Link to Comment
  • The Impact Of High-Frequency Traders [View article]
    I am not a fan of high frequency traders, but the facts are what they are doing is legal under current law. That being said , it is my understanding that HFT's focus on a relatively small, highly traded segment of the overall world stock market.

    If you are long term investor in a broadly diversified portfolio , my guess is the impact of these HFT's will be totally insignificant . If you are a very active trader , trying to beat them in their ball park, good luck with that .

    I doubt very much that long term , massive investors like Buffet give these HFT's a second thought.
    Apr 4 04:40 PM | Likes Like |Link to Comment
  • What Is Berkshire Hathaway Really Worth? A Comprehensive Look [View article]
    Yorkville,

    I think you made a very good effort here to evaluate a very diverse holding company. I am long BKR.B and accumulating more. I think 170 might be a reach , but 140-150 is reasonable in the foreseeable future.

    The canary in the cave is what happens if Warren departs suddenly for what ever reason. Some long term investors might loose faith in Berkshire's ability to keep this stellar long term performance and liquidate their positions
    Mar 28 02:45 PM | Likes Like |Link to Comment
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118 Comments
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