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murray555

murray555
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  • Stock Market May Be Overpriced Due To Consumer Weakness [View article]
    Excellent article!

    So why doesn't the government take into account the cost of food, energy and medical care? If you can track it why can't they? And volatility is not an excuse.

    When the Fed talks about inflation without including these items it is misleading and could cause actions to be taken that not only do not help the situation but actually harm it.
    Mar 31, 2015. 11:17 AM | Likes Like |Link to Comment
  • REIT ETF/ETN Showdown: REM Vs. MORL [View article]
    Thanks for a balanced article.

    I am long MORL and REM, as well as several other high yield ETFs, ETNs, and CEFs. I take all distributions in cash. You might check out Stanford Chemist's alternative view of high income dividend investing.
    Mar 28, 2015. 07:19 PM | 1 Like Like |Link to Comment
  • Dividend Yield Vs. Dividend Growth Revisited - Does It Matter? [View article]
    You should write an article that examines the impact of Required Minimum distributions on your investment. Since RMDs increase each year it seems to me that an IG portfolio would be stable or grow over time while a DGR portfolio would eventually decrease in value as RMDs consume all of the dividends each year plus a "Return of Capital" for lack of a better term.
    Mar 18, 2015. 04:49 PM | 1 Like Like |Link to Comment
  • 'Income Growth' Vs. 'Dividend Growth' - The Re-Match [View article]
    gmmlsc...I don't know if you are still working and have access to a 401K...but my strategy to keep my taxes low is to contribute an additional amount to my 401K that matches my taxable dividends.

    I then use my dividends to bring my income back to what it would have been if I had not increased my 401K.

    This reduces my overall taxable income and as an added benefit, a portion of that income is from qualified dividends...so the tax rate is lower.

    Since I started doing this I have been able to grow my deferred portfolio at a much faster rate while eliminating my tax hit from the dividends. I used to pay a lot of extra income tax every year until I changed to this method.

    When I retire I will roll my 401K into an IRA. I expect Social Security to match a good portion of my current take home pay and I will still use my taxable dividends to supplement my income. Hopefully I won't have to use any of my IRA until the minimum distributions begin. :o)
    Mar 18, 2015. 12:44 PM | 2 Likes Like |Link to Comment
  • 'Income Growth' Vs. 'Dividend Growth' - The Re-Match [View article]
    Hi Surfgeezer!

    Sounds like you and I are on the same page. One thing I wanted to mention is my strategy for holding high yields in a taxable portfolio.

    since I am still working I increase my 401K contributions to match the taxable dividends / distributions I receive. By doing this I do not impact my income at all but am able to put more in a tax deferred account.

    in effect I am putting all of my taxable income into my 401k and later my Rollover IRA.
    Mar 18, 2015. 11:17 AM | 1 Like Like |Link to Comment
  • 'Income Growth' Vs. 'Dividend Growth' - The Re-Match [View article]
    Why not buy MORT or REM?

    I own MORL, REM, NYMT, AI and EFC both of which I categorize in the merit sector.
    Mar 18, 2015. 11:12 AM | Likes Like |Link to Comment
  • 'Income Growth' Vs. 'Dividend Growth' - The Re-Match [View article]
    Steven,

    Good article. My "Income Growth" portfolio of CEF's:

    CEFL
    EHI
    GOF
    RCS
    PTY
    PFL
    PCI
    PCM
    PKO
    PCN
    PCEF
    PDI
    DNP

    Why have you chosen PFN over some of the other Pimco funds available?

    I am not a fan of TFCIX or MCC either. I do own BDCL and a select few BDC's as well as MORL and DVHL.

    Thanks again for so eloquently advocating the Income Growth philosophy.
    Mar 18, 2015. 11:09 AM | 1 Like Like |Link to Comment
  • Ares Capital Corporation: Why Investors Should Have This 9% Yielding BDC On Their Shopping List [View article]
    Long ARCC, PSEC, AINV, NMFC, MAIN, FSIC, TCPC, TSLX, and PFLT.

    Although I do plan to sell PSEC soon. I may repurchase if there is another price decline but will reduce my overall allocation due to management fees and dilution.
    Mar 6, 2015. 11:07 AM | Likes Like |Link to Comment
  • New York Mortgage Trust: The Dividend Powerhouse Just Won't Be Stopped [View article]
    When buying mreits, BDC's, CEF's you need to buy at a discount to BV/ NAV. Currently NYMT is trading at an 11% premium. Sucker bet!

    And no...there will be no special dividend. As RIP noted above, they will issue new shares and the cash reserves will be used to pay the dividends for the new shares.

    I am Long NYMT but not adding at this time. When the price drops below $7.00 I will put NYMT back on my watch list.
    Feb 26, 2015. 10:12 AM | 1 Like Like |Link to Comment
  • Building A $100,000 High-Yield Income Portfolio From Scratch, Adding Position 1: Prospect Capital [View article]
    MAIN, FSIC, ARRC, NMFC, TCPC, PFLT...alternatives to PSEC that will allow you to sleep better at night and in the long run provide both income and total return.
    Feb 24, 2015. 03:41 PM | 1 Like Like |Link to Comment
  • Building A $100,000 High-Yield Income Portfolio From Scratch, Adding Position 1: Prospect Capital [View article]
    I do hold DVHL in my high yield portfolio but only 1000 shares. I also hold CEFL, MORL and BDCL. Of the 4 ETNs DVHL is the only one that I am losing money on when I include my dividends.
    Feb 24, 2015. 03:37 PM | 1 Like Like |Link to Comment
  • Building A $100,000 High-Yield Income Portfolio From Scratch, Adding Position 1: Prospect Capital [View article]
    Kingdad, You are correct in adding some CEF exposure. Not sure I would go with PHK right now since it is trading at a huge 60% premium to NAV. GOF is a good addition and RCS. I might also put a little into EHI...it is trading at 10% discount to NAV.

    If interest rates ever do go up PHK will be hammered. If it gets down to a 10% premium or better I will be a buyer!
    Feb 24, 2015. 03:33 PM | 1 Like Like |Link to Comment
  • Building A $100,000 High-Yield Income Portfolio From Scratch, Adding Position 1: Prospect Capital [View article]
    g.smith...LOL :o)

    Well said.

    I look at high yielders as a form of annuity. You are buying a cash stream.
    Feb 24, 2015. 12:23 PM | 6 Likes Like |Link to Comment
  • 5 Key Highlights From Prospect Capital's Quarterly Report [View article]
    Well said richjoy!
    Feb 13, 2015. 10:46 AM | 2 Likes Like |Link to Comment
  • 5 Key Highlights From Prospect Capital's Quarterly Report [View article]
    And yet...we shareholders...allowed PSEC mgmt. to sell shares below NAV. Maybe a smaller % of a bigger pie would be better for all.

    I know of one other organization that gives themselves raises...the US Government! At taxpayer expense!
    Feb 13, 2015. 10:42 AM | 4 Likes Like |Link to Comment
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