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depraved_miscreant

depraved_miscreant
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  • Cohen & Steers Quality Income Realty Shares: Starting The Year Off On The Right Dividend Foot [View article]
    Switched 1/2 of my long-term RQI position to the unlevered RFI. Also long AWP, a global fund with very low (2.2%) leverage.
    May 28, 2015. 10:15 AM | Likes Like |Link to Comment
  • Northstar Is Far From An Intelligent REIT Alternative [View article]
    "tell me what you were thinking a month later when the price was down to $4.48."

    Actually, I remember considering buying more.... I didn't. 10% declines don't upset me that much, although I'd rather not see them. I wondered if I was wrong then, but I'm more concerned now after the big sales by Gilbert and Hamamoto earlier this year. They were big sellers of both NRF and NSAM.
    May 18, 2015. 07:43 PM | 2 Likes Like |Link to Comment
  • Northstar Is Far From An Intelligent REIT Alternative [View article]
    "LOL, amazing how emotional the longs get..."

    I'll say. I'm long NRF and NSAM, but I always appreciate an opposing point of view. I hope some of these guys haven't forgotten to take their blood pressure meds. A lot of longwinded vitriol on display. Whew.
    May 18, 2015. 03:38 PM | 8 Likes Like |Link to Comment
  • Northstar Is Far From An Intelligent REIT Alternative [View article]
    Brad, your chart of 3 year returns excludes the fact that NSAM was spun off from NRF in July 2014. My early 2012 purchase is now nearly a 4-bagger. Better to be lucky than smart, I guess. However, your fine article does give me food for thought about whether to continue to hold.
    I am inclined to wait for the European spinoff and to see how things shake out.

    Long NRF, NSAM and NRF-pE. Thanks for a seriously good piece.
    May 18, 2015. 08:54 AM | 6 Likes Like |Link to Comment
  • Equity CEFs: Now Is The Time For The Nuveen Global Equity Income Fund [View article]
    FWIW, AWP NAV made a golden cross in the middle of April using 50/200 week EMAs. Ditto for JGV about a week later.

    I always considered Nuveen primarily a muni shop, but when Doug speaks, one has to check it out. Long AWP.
    May 14, 2015. 11:24 AM | 1 Like Like |Link to Comment
  • Income Strategy: What You're Not Thinking Enough About [View article]
    I seem to recall reading a paper which showed the tipping point at which each issue/sector that you add doesn't give much additional diversification. I also think that number was a lot smaller than most think -- certainly lower than I expected -- something like 9 to 12.

    Caveat: going on memory here and I sometimes forget who I am.
    Apr 30, 2015. 05:14 PM | Likes Like |Link to Comment
  • Attractively Valued Ameriprise Financial: A Long-Term Total Return Opportunity Raises Dividend 16% [View article]
    I never considered Ameriprise as a place to invest and, from the comments, I don't think I ever will. I have been with TROW since the 70s (I also use Schwab and Wells Fargo Advisors) and, like many of you, all my investments/trades are self-directed.

    Coincidently, Jeff Miller provided the following link in his latest WTWA. Check out #6.

    http://bit.ly/1QwUDme

    Another great article by Chuck, though.
    Apr 26, 2015. 01:09 PM | 1 Like Like |Link to Comment
  • Revisit Your Energy-Income Strategy [View article]
    Yep. Straight downhill since 2011, but looks like a time to at least stick a toe in, even if this isn't THE bottom. 11%+ distibution eases the pain while you wait. Just took a 1/4 position, but I'll be watching for a NAV golden cross before I fill it out.
    Apr 23, 2015. 01:35 PM | Likes Like |Link to Comment
  • FGB - Closed-Ended Financial Fund Offering 9% Dividends [View article]
    Yep, BTO is mostly banks, FGB mostly BDCs. While very different and a comparison of the two is highly questionable, they are the only two financial CEFs.

    Bought FGB on the cheap years back, but sold when it popped to a premium following a positive Barron's article back in 2014. Recently reentered and could add more as NAV now appears to be in a moderate upswing.
    Apr 21, 2015. 03:39 PM | 1 Like Like |Link to Comment
  • Bond Sell-Off: Are We Finally Headed For The 'Big One'? [View article]
    I think of Fred Sanford every time I rummage through my drawer full of assorted reading glasses.
    Mar 11, 2015. 12:54 PM | 3 Likes Like |Link to Comment
  • It's A Bond! It's A Stock! It's... Preferred Stock (Part 2) [View article]
    I own 6 preferreds. I bought 5 of them 4-6 years ago, but I recently bought NRF-E just under par. Despite catching a nice little pop since, I always like to keep the downside of preferreds in mind:

    http://cbsn.ws/1muH8G9
    Mar 2, 2015. 08:11 AM | Likes Like |Link to Comment
  • It's A Bond! It's A Stock! It's... Preferred Stock (Part 2) [View article]
    Try http://bit.ly/qWc98b

    Simply enter a symbol, e.g. NRF, and then click on the link "Find All Related Securities for NRF".
    Mar 1, 2015. 08:16 AM | 1 Like Like |Link to Comment
  • A Strategic High-Yield Discussion And Portfolio Planner [View article]
    Early last fall, I sold out of FGB when the premium soared to >14%. I stuck a toe back in recently, despite the small @2% premium. The >9% distribution is attractive, but I'm waiting before adding to my position.

    BTW, FGB is a CEF which uses @18% leverage; it holds financials, mostly BDCs. Distributions have been steadily on the rise for the last 5 years or so and are paid quarterly.
    Jan 28, 2015. 09:27 AM | Likes Like |Link to Comment
  • Getting The Defense On The Field [View article]
    "....but in a bull market (and they are raging in REIT space, aren't they) the leverage is a good play. "

    But the article is supposedly about getting defensive. Hmmm.
    Jan 17, 2015. 10:19 AM | 1 Like Like |Link to Comment
  • Getting The Defense On The Field [View article]
    Just a thought re REITs: I sold RQI a while back and replaced it with RFI. RQI uses @25% leverage; RFI is a bit more defensive and uses no leverage, yet yields more than RQI (@7% vs. 6%), with no ROC, at least in the past year. Neither uses an options strategy and both have been solid performers.

    I too am wary of financials. The banks figure to get more profitable with wider spreads (if/when that occurs), but they are under seige from the regulators, as Jamie Dimon bemoaned recently. I've been taking a look at global banks and I almost pulled the trigger on SAN -- I'm glad I didn't, but I am long a SAN floating rate preferred for the last 5 years. Unlike the author, I am looking internationally in the hope of finding value plays, although now might be a bit early.
    Jan 16, 2015. 12:01 PM | 1 Like Like |Link to Comment
COMMENTS STATS
515 Comments
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