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fleagle

fleagle
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  • Retirement Strategy: How Dividend Income Grows To Staggering Levels By Reinvesting And Compounding [View article]
    Harm --- If you are reading SA now, a young buck like you will do fine.

    Suggest you read a parable by George S. Clasen, "The Richest Man in Babylon." Theme is live on 90%, save 10%. Follow RS's guidance for the 10%. In 40yrs, you'll be able to buy whatever you want.

    I stumbled across this book in the late '70s when I was in my early 30s. Took it to heart. Wish I had found it when I was in my early 20s.

    My annual divys now exceed my AF pension and SS combined.

    Best wishes in your future.

    Bill
    Aug 17 01:54 PM | 5 Likes Like |Link to Comment
  • Canada oil sands projects are biggest losers from low crude price, study says [View news story]
    Note that study is from a "London-based environmental advocacy group." Obviously this group is not biased. Enough said.
    Aug 15 12:49 PM | 17 Likes Like |Link to Comment
  • Preferred Stocks Are Not For Everyone [View article]
    Tonman,

    Agree completely with your strategy. I recently sold 1000shs CDR PRB at $26.50 (a buck 50 above par), replaced it with ARCP PRF at $23.41 (a buck 50 below par). Both cummulative, both yielding same ~7.0%. Grabbed the cap gains on CDR (bought at $23.40 last yr = ~$3000 cap gain or about 2 yrs future divys and stashed in "dry powder").

    I use Quantum Online to screen preferreds.

    Preferreds make up about 5% of my portfolio. Have LXP PRC ($50 par, cummulative). Bought in Dec at $44ish. Will sell if it goes above par and I can find a suitable replacement and deploy cap gains into other divy common stocks with eye on further diversification.
    Aug 13 03:07 PM | 1 Like Like |Link to Comment
  • CVS - A Must Buy For Dividend Seeking Investors [View article]
    Folks this is just an observation, I live along I-10 leading west out of San Antonio. Right now, CVS and WAG are leapfrogging each other in building a new store at each off ramp from I-10. Look it up. CVS at this off ramp (Dominion), WAG at next off ramp(Ralph Fair RD), CVS at next off ramp (currently under construction at Fair Oaks Pkwy). Looks like a battle between the two is brewing, at least down here in South TX. Who wins, dunno.

    Given WAG got a haircut on their "inversion" decision, I bought WAG at $57ish. Seems like a better bet than CVS at current stock prices and yield.
    Aug 11 08:46 PM | Likes Like |Link to Comment
  • Brookfield Infrastructure Reports Q2 '14 Results; It Remains A Solid Long Term Investment [View article]
    George,

    Thank you for your kind response stating your position on BIP and BAM.

    My concern about BIP and BAM centers around the "power of the pencil" management wields to make things look good. I don't know what mgt's inner workings decide and how they shift items to/from all their companies.

    Given my reluctance to invest in companies that "use the pencil," --- Good or Bad, I stay away.

    Best wishes for the holders of BIP and BAM.

    Bill
    Aug 11 11:12 AM | Likes Like |Link to Comment
  • Brookfield Infrastructure Reports Q2 '14 Results; It Remains A Solid Long Term Investment [View article]
    WD, thank you for this SIRF study entitled "The Paper World of Brookfield Asset Management. WOW!

    I was considering nibbling at BIP, but after reading this study, and the pyramidal control structure headed by "Partner's Limited," I was stunned.

    Best part was when all the Brookfield companies switched from GAAP to IFRS accounting of "fair value" of assets:

    "....In 2010, Brookfield Infrastructure Partners reported its 2009 balance sheets using both GAAP and IFRS. Under GAAP, Brookfield Infrastructure Partners reported $1.07 billion in assets. Under IFRS, Brookfield Infrastructure Partners’ assets ballooned to slightly more than $6 billion...."

    Batta-Boom, Batta-Bing -- I will pass on BIP and BAM.

    Again thank you for bringing this study to my attention as part of my DD on BIP and BAM.
    Aug 6 01:41 PM | Likes Like |Link to Comment
  • Why Gilead Sciences Is Still A Great Investment Opportunity [View article]
    Hey Goal,


    Nothing wrong in taking profits.


    Old Wall St adage -- Bulls make some, bears make some, but pigs get "slaughtered."


    I'm a believer in the 100% rule (don't who said it before, but made sense to me. If I'm lucky enough to buy a stock that doubles and I still like the fundies and technies, I sell half, recoup my investment and let the rest ride at the whim of the market and future performance of the company. When it eventually turns down from peak (I use 10% drop), I sell and therein lies my profit.
    Aug 5 03:46 PM | Likes Like |Link to Comment
  • Show Me The Money: The Perils Of REIT ETF Investing [View article]
    Charlie,

    RE: "....and the companies must have been around prior to the Great Recession. So you will not see American Realty Capital Properties (NASDAQ:ARCP) or STAG Industrial (NYSE:STAG) on the 3D list...."

    No, Brad did not imply that. He stated ARCP was not on the list because it IPO'd after the great recession and it did meet his req'ts for his 3D portfolio.
    Aug 4 11:24 AM | 1 Like Like |Link to Comment
  • The Linn Energy 2-Step: Reinvest, Then Stop Reinvesting [View article]
    The stocks I mainly Drip are my REIT holdings. The MLPs, I collect the distributions to add to my "dry powder" stash. Then wait for Mr Market to provide me an "opportunity" to build a more diversified portfolio. . Ex, when TGT (3.5% divy) crashed because of databreach, incompetent CEO, Canada fiasco, I bit and now Drip. Solid company that's not going BK and hopefully they will get their act together. Ex, when WFM (~ 1.2% divy) crashed, solid company, not going BK, I bit. Am Driping this one.

    As the author says, Drip, build shares, then stop and diversify.

    Long LNCO
    Jul 30 01:46 PM | Likes Like |Link to Comment
  • QR Energy: Is It Time To Ring The Register? [View article]
    Sorry bulls on QRE, I half to agree with Alfonso.

    Sold my shares of QRE today. Bought @ 16.51 in Nov 13. Collected some divys. Sold today @ $20.29. About ~23% cap return plus the divys. Haven't figured Total Return for this 9 mo holding. Don't really care. "Booked the profit" to add to "dry powder stash" for whatever Mr. Market opportunity offers up in the future.

    Income during my retirement is important, but not the sole determinant. To me, "Total Return" outweighs chasing yield.

    Best wishes to you holders of QRE. Hope the merger works out to the betterment of your interests.

    Bill
    Jul 25 04:03 PM | Likes Like |Link to Comment
  • Silly Rabbit, Dividends Do Matter In Retirement [View article]
    My story is much like yours, Hardog, and Archman. Choices!!!!


    While pursuing my MBA in Finance (early '70s, night school and GI Bill ), I was fortunate to have a Merrill Lynch, Pierce, Fenner, and Smith exec who taught a course in Portfolio Mgt. One req't he tasked us with was to read a short parable book and write a paper on our thoughts.


    The book was -- The Richest Man in Babylon by George Clason. Published 1926.


    Simply summarized -- to save 10% what you earn and live off the remainder 90%. Believe the Law of Compounding!


    Took it to heart. Did that for 30+ yrs. Invested the 10% in divy stocks (like MCD, T, ABT, etc). Retired in 2007. Now live off SS and a pension. The divys that have compounded thru the yrs provide the nice things in life now like travel, no credit debt, no mortgage. Still got to pay property taxes though. Hargh!


    As a Xmas present every yr to each of my children, I give them a copy of this parable by Clason. Been doing that for past 15 yrs. Their eyes roll. Not again they say. They probably throw away this gift now, but I think the message has sunk in. They save 10% of their earnings and live off of 90% remainder. Have no debt, except for their mortgage.


    They will get this book by Clason each yr at Xmas as long as I am still kicking.
    Jul 21 03:00 PM | 5 Likes Like |Link to Comment
  • Retirement Strategy: Dividend Growth Income Is NOT In Danger [View article]
    RS --- nice piece on DGI and BTDP investing strategies for income in retirement.

    3 points I would like to make:

    First, I do not DRIP all my holdings. On ~80% of my income stocks, I just collect the divys, then re-deploy when Mr. Market presents an opportunity.

    Second, the BTDP strategy is where I re-deploy the collected divys. Recent example is TGT. Stock price crashed. From ~$70 to ~$55. Bought at 56ish. Yield went to 3.5% with recent divy boost. Yeah, they got problems, but they're not going away. Will let ride for awhile and see if TGT can get its together.

    Third, I am not a "hold them forever guy." But a "total return guy." I only hold 2 stocks that I never (partially) sold. MCD, my grandma gave me 100 shs in 1970 as college graduation gift with these words---Son, kids love burger and fries, hang to these shs as long as you can. Did, but sold half in 1999 to buy a bigger home. Bought 100shs of Ma T in 1982. Never sold and still to this today can't figure out what my "total return" is because I got all these pieces like T, VZ, etc. So I just collect the divys. Will pass them along to my grandkids and let them figure it out.

    Oh, I agree with one commentator above. Why no REITs or MLPs? They comprise ~12% of my portfolio. Yielding 5-7%.

    Regards, Bill
    Jul 20 12:19 AM | 2 Likes Like |Link to Comment
  • Update: North Atlantic Drilling's Agreement With Rosneft Should Not Be Materially Impacted By Latest US Sanctions, But Headline Risk Remains [View article]
    Article in today's WSJ -- Energy Firms Caught in China - Vietnam Feud.

    Re: "Marine Harvest" comment above. I'm assuming that "Marine Harvest" is an employee of Harvest Natural Resources --- Just a guess -- seems logical. Anyway,

    Harvest Natural Resources (NYSE:HNR). Excerpt from today's WSJ article:

    "....HNR, which holds rights assigned by China to an area separately assigned by Vietnam, has started drilling in the flash point areas. HNR CEO, James Edmiston, told an industry conference in June that the company was in the process of exiting its China interests...."

    Evidently, HNR has decided not to negotiate with the Russians or Chinese in drilling in these areas. Hence, the comment by "Marine Harvest."

    Just some reference material for you folks to ponder. His posting implies NADL will get "screwed."

    Long NADL
    Jul 17 11:56 AM | 1 Like Like |Link to Comment
  • Whole Foods, Wal-Mart And The Coming Commoditization Of Organic Grocers [View article]
    Been eating this other stuff for 70 years. Still kicking.
    Jul 17 01:15 AM | 1 Like Like |Link to Comment
  • $3,000 Annual AT&T Dividends Are Like An Aesop Fable Sprung To Life [View article]
    For those of you that have far greater brain power than me, who have a Cray computer in their den, a bottle of Aspirin (Chardonnay?) handy, here's a site the shows the morphing of Ma Bell and its babies on 1 Jan 84 into what it has become today. From this, one should be able to compute a total value today of a 100shs purchased 31 Dec 83 and never sold a share.

    http://bit.ly/1jBUqQ5
    Jul 16 03:02 PM | Likes Like |Link to Comment
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