Seeking Alpha


Send Message
View as an RSS Feed
View mysonchino's Comments BY TICKER:
Latest  |  Highest rated
  • Resource Capital Corp: Is A Dividend Cut Coming For 2015? [View article]
    management has already stated that quidance is between .70 and .80 per share and as to the dividend if it comes in closer to .70 then the dividend will be closer to .70. If it comes in at .80 then the dividend will be closer to .80. I think .60 is too low a projection and believe based on management statements the worst case is .70 the most likely is .75 and the best case is.80.
    Dec 23, 2014. 01:34 PM | Likes Like |Link to Comment
  • Why I Sold Prospect Capital [View article]
    Be careful about evaluating someone's investment rational without having all the facts. You assume everyone wants wealth accumulation. Not necessarily so. Personally, I think the author is insane if he wants to sell now when the discount is 3% but may buy back if the discount goes to 7 to 10%. So on the low side if he is talking about a $10,000 investment, or multiples thereof, he is trading out of PSEC to achieve a 400.00 better basis. Now if he is out for 1 dividend and wants to avoid risk he loses about 275.00 every 90 days. You have to be pretty nimble to make a sale and repurchase work. I didn't even figure in taxes and commissions.

    I invest for cash flow. Might PSEC cut their dividend? Maybe, but I don't think so. If they do and cut it by 15% it goes to a dollar which is still a 10% cash return. Yes the price will go down but so what. Prices go up and down. I think years from now it will be higher. Personally, I invest in high yield. I reinvest half of all dividends. As you go through a good cycle your portfolio value grows and so does the income sufficiently to cover future cuts by some of the positions. GLTA.
    Jun 19, 2014. 12:34 PM | 8 Likes Like |Link to Comment
  • Seadrill Resolves Tax Dispute With Norwegian Authorities, Here's What We Know [View article]
    Basically your article says when you pay more taxes you have less money left out of earnings or in savings(equity). The more you pay the less you have left. It's good to pay less and bad to pay more. If you pay alot it may be material. If you pay a little it might not be. Without any furthur information as to amounts this was the point of your article. Thank you so very much many as people probably didn't realize how such a technical aspect of the international financial world actually actually workeds. I feel much better informed.
    May 21, 2014. 01:17 PM | Likes Like |Link to Comment
  • Why Falling Prices Should Be Welcomed By Preferred Stock Investors [View article]
    If you have NTI in your IRA you better sell it. According to investor relations all of the dividend from NTI is Unrelated Business Taxable Income (UBTI) If you generate more than 500 per year in an IRA of UBTI then tax reporting is required. If it's more than 1,000 the IRA owes taxes. It is generally a good rule to not put mlps in an IRA unless you are well acquinted with the various tax issues.
    Aug 12, 2013. 01:13 PM | 2 Likes Like |Link to Comment
  • A Depression With Benefits: The Macro Case For mREITs [View article]
    If MORL or MORT were to reduce their dividends in the future, which is very likely to happen, the entire thesis of the investment performance and comparison becomes incorrect.
    Jul 11, 2013. 12:40 PM | 2 Likes Like |Link to Comment
  • Fed Targeting 4% To 5% Nominal 10-Year Treasury Yield And Baa Corporates Approaching 7% [View article]
    How will the gov't pay the increase in rates? We will have a VAT by the end of the decade. It will be implemented on a staggered basis of 1 to 1.5% per year. There will be a cut in personal and corporate taxes which will make it a tax cut for the first 3 years, revenue neutral in years 4 and 5 and a massive increase the last 5 years.The initial tax cut will spur growth, the 10 year budget projection will show a balanced budget, the staggered implementation will reduce inflation by the amount of the tax applied.

    No one supports the VAT until one day everyone will do so. It is the only vehicle capable of generating enough revenue to feed the bulldog. While I prefer to grow the economy and cut spending to achieve a proper budget I am a realist. And by the way, it will be a republican president or congress that implements the VAT. You heard it here first.
    Jun 22, 2013. 01:35 PM | Likes Like |Link to Comment
  • Choosing The Right Account For Your Preferred Dividends [View article]
    FFC is not an ETF it is a closed end fund. My point is the smae however, now is not the time to buy low rate fixed income investments.
    Jun 20, 2013. 06:06 PM | Likes Like |Link to Comment
  • Choosing The Right Account For Your Preferred Dividends [View article]
    I hope one realizes that if one has had one's money in the S&P 500 one would have experienced a 4.8% decline from the peak reached a few weeks ago to today June 20th AM.. However, if one would have placed one's money in a preferred stock fund such as FFC one would be down 18:6% from the peak a few weeks ago. Obviously, when one believes preferred stocks are a "safe" investment when one is at the bottom of the interest rate cycle one has made a mistake. A big one.
    Jun 20, 2013. 12:23 PM | 2 Likes Like |Link to Comment
  • American Capital Agency: What Now? [View article]
    Chris, if you have sold 50% of your potfolio "all the way in to this fed pumped rally" you have missed an awful lot of the gain. Also, allocating only 10% to reits, bdcs and mlps seems too little for an investor who is looking for yield. I agree every investor needs to find their own comfort level but having 2% in PSEC but only 3% in reits in general seems a little out of whack. Good luck to you and all investors.
    Jun 19, 2013. 01:37 PM | Likes Like |Link to Comment
  • Western Asset Mortgage: Could This 20% Yielder Raise Its Dividend? [View article]
    You have indicated you have a full 3% of your portfolio allocated to Mreits. Wow.
    Jun 17, 2013. 03:40 PM | Likes Like |Link to Comment
  • Annaly Capital Management And The Spread: One Widening Reason Not To Sell [View article]
    3% allocated to this sector. Wow!
    Jun 11, 2013. 11:34 AM | 1 Like Like |Link to Comment
  • Look Out For Lower Q2 Dividend From Northern Tier Energy [View article]
    Does anyone know the income allocation by state? NTI does business in MN IA WI ND IL MO &CT. My guess is MN is their largest concentration but would like to hear from someone who actually knows. TIA.
    May 26, 2013. 01:34 PM | Likes Like |Link to Comment
  • Patience: The Key To Successful Investing [View article]
    Nicholas, now comes phase 2!. As your portfolio increases in size, and dividend cash flow increases, resist the temptation to rev up your life style. Also, as you earn more money on your job don't allow your lifestyle to creep up at the same rate as you salary advances. With every salary increase allocate half of it to lifestyle (house, car, travel entertainment) and the other half to your portfolio. This does two things. The obvious is you portfolio starts to grow even faster. The second is you are training yourself to live below your means which results in needing less income from your portfolio to retire on than your peers as you have avoided many or the expensive bad habits they acquired by spending too much and receiving too little.

    Personally, I retired at 41 years old and accomplished it with a solid plan and the good fortune that I had no disasters in my life. That was 18 years ago. I have always lived on less than half of what I earn still do in retirement. When social security kicks in my expenses will be 33% of earnings and I will spend some more of the income societal productive ways so as not to become a miser. I sleep very well at night knowing I have a huge safety margin.

    While most of my retired friends are calculating how long what they have will last I am calculating how long to accumulate another million. By the way it takes 10 years if you invest 75,000 per year at 7.8% total return.

    Most people and investors focus too heavily on "what you make" but just as important is "what you spend". Make 200,000 per year and spend 210,000 and you will always be broke. Make 100,000 per year and spend 90,000 and you will grow your wealth. Focus on both and you will win big time. Good luck.
    May 26, 2013. 12:46 PM | 11 Likes Like |Link to Comment
  • 18.4% Dividend Payer Western Asset Mortgage Disappoints - What's The Outlook? [View article]
    I see no reason to anticipate a 13% dividend anytime soon. They just increased the dividend. If they were driving a carand knew the bridge was out 110 yards ahead they would not accererate the last 100 yards. The big surprise with MREITs will be the lack of dividend shocks. Spreads are becoming stable, some reits are purchasing non agency. My guess is the dividend is between .85 and .95 thr rest of the year.
    May 20, 2013. 01:29 PM | 1 Like Like |Link to Comment
  • 'Savvy Senior' Conservative IRA Portfolio Returns 16.4% In 2012 [View article]
    Your approach is as mine. I like to call mself a "cash Flow" investor. If the market goes down but my cash flow goes up it was a good year. I also like BDCs and Commercial mortgage reits RSO, NRF and NCT. The majority of investments is in equity option income non leveraged CEFs. In this way I primarily "own the market" rather than being too concentrated in a sector. I find the appreciation in the option funds to be about 70% of the S&P but the dividends are around 9% on market or in the low 8s on NAV. I sleep well, receive income and participate in a market advance. Last year was agood one providing 17.4% on market value and 22.3% on NAV. It is the NAV value that I concentrate on because that is the amount of assets I own generating cash flow through option sales and dividends and also receiving appreciation.
    Jan 30, 2013. 02:35 PM | 1 Like Like |Link to Comment