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  • Ignore Yield [View article]
    David: You must have a nice big family trust fund. What do retirees live on while waiting for non/low dividend assets to grow? Also, referring to statistics from 30-50 years ago doesn't seem to make that strong a case!
    Aug 7 09:15 AM | 4 Likes Like |Link to Comment
  • Are You Really Ready To Retire? [View article]
    Moon: It is mostly your negative attitude which determines whether or not YOU can retire. Stop trying to blame the government as an excuse to do nothing. I have been retired for more than 15 years and am doing fine based on my ability to work with the retirement funds I accumulated working 30 years.
    Jan 26 12:41 PM | 10 Likes Like |Link to Comment
  • Retiree: What Role Should High Yield Play In A Distribution Stage Portfolio? [View article]
    Bob: Good article. Really hits home. My "black hole" has come in the form of municipal bond closed-end-funds. They're still paying non-taxable (federal) interest around 6-7 percent but the principal losses over the last 3-4 months have been killers.
    Dec 1 12:47 PM | 2 Likes Like |Link to Comment
  • I'm Not Investing In GOV Since The Thrill Of Victory Isn't Worth The Agony Of Defeat [View article]
    Brad: I worked for the federal government for over 30 years, so I know something about how they operate. I'm not talking about the yahoos in Congress. On a day-to-day basis, that's not the "real" government.
    I have read many of your articles and nearly always find them interesting and informative. However, you have fallen victim, like many Americans to a lack of how government really operates. You mentioned GSA in your article as the government's agent for real property management. You might want to check and find out how many times GSA has defaulted on rent/lease payments. I'll save you the trouble, its never! The whole fiasco of the recent debt ceiling fiasco pointed out that in the real world, even the idiot politicians in Congress realized the government cannot be allowed to default on its debts.
    Your assessment of GOV seemed to be based on the unreliability of government. In fact, it is actually the MOST reliable payer of bills on earth, far above even the most solid corporations. As you well know, that's why everyone rushes to government bonds whenever a crisis hits. Bottom line is, I suggest the government is the most desirable tenant you would want in terms of reliability, so that really shouldn't adversely impact your assessment of that investment.
    Nov 4 09:59 AM | 8 Likes Like |Link to Comment
  • American Capital Agency (AGNC -0.2%) estimates a similar decline in book value through June 7 as that experienced in Q1 (8.6%), putting June 7 book value at $26.44. At the current price, the stock is trading at about a 7% discount to book. The numbers were disclosed in slides prepared for the company's presentation at the Morgan Stanley conference at 3:35 ET this afternoon. [View news story]
    "MadProfit is right on! Isn't it amazing all the so-called "stick-it-out" folks on Seeking Alpha that are now jumping ship the first time in a while the mReits are taking a hit. Fair-weather friends for sure! We retirees need income stream. Advisors, show a little fortitude when the times get tougher.
    Jun 12 03:34 PM | 3 Likes Like |Link to Comment
  • The Biggest Lie On Wall Street: Higher Risk Equals Higher Return [View article]
    Perhaps a more realistic way of making this point is "Higher return requires higher risk." This seems a more correct and perhaps more true way to relate risk to return. Right now, mREITs are a good example of greater return requires greater risk taking.
    Nov 5 11:59 AM | Likes Like |Link to Comment