Integrator's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/7050171/comments http://seekingalpha.com/article/1510942/comments?source=feed#comment-20161902 20161902 Selling enduring quality and moving to something that's more speculative but higher yield isn't something that has served me well in the past. Having said that provided the REIT's have solid underlying income streams with long term tenants, I don't see any issue with sourcing an income stream from REIT's, MLPs etc. The question more in my mind is whether the capital structure of these entities will support the income stream when interest rates start to rise. I'd expect that the higher quality ones shouldn't have too many issues.]]> Wed, 19 Jun 2013 17:16:16 -0400 Selling enduring quality and moving to something that's more speculative but higher yield isn't something that has served me well in the past. Having said that provided the REIT's have solid underlying income streams with long term tenants, I don't see any issue with sourcing an income stream from REIT's, MLPs etc. The question more in my mind is whether the capital structure of these entities will support the income stream when interest rates start to rise. I'd expect that the higher quality ones shouldn't have too many issues.]]> http://seekingalpha.com/article/1477441/comments?source=feed#comment-20030992 20030992 Thanks for the feedback!. I have owned Canadian banks in the past (BMO, BNS in particular). Much like Australian banks, they have an oligopolistic industry structure, avoided much of the losses in 2008-2009 and have good returns on equity. I'm fairly overexposed to Australian banks currently, so haven't really looked at further increasing my banking exposure further.]]> Sun, 16 Jun 2013 09:34:19 -0400 Thanks for the feedback!. I have owned Canadian banks in the past (BMO, BNS in particular). Much like Australian banks, they have an oligopolistic industry structure, avoided much of the losses in 2008-2009 and have good returns on equity. I'm fairly overexposed to Australian banks currently, so haven't really looked at further increasing my banking exposure further.]]> http://seekingalpha.com/article/1477441/comments?source=feed#comment-19699381 19699381 Thu, 06 Jun 2013 19:44:34 -0400 http://seekingalpha.com/article/1477441/comments?source=feed#comment-19619251 19619251
I think the main reason I haven't gone after MLP's and Trusts is that I don't find the transparency of their business models and how they fund their distributions as simple to understand as say, Coca Cola or McDonalds and how they pay their money. That maybe something I can get more comfortable with on further diligence, but for the moment, I feel that there are plenty of opportunities out there among industrial companies that I don't have to go further afield.

I hold positions in a taxable account, as I plan to start living off the dividend distributions in the not so distant future. As far as the tax comment goes, I consider the tax on qualified dividends and some of the social security tax and other savings a nice break when compared with ordinary wage income. Obviously complete tax shelter would be even better, but I'm happy to accept the discounted dividend taxes for now!]]> Tue, 04 Jun 2013 22:22:47 -0400
I think the main reason I haven't gone after MLP's and Trusts is that I don't find the transparency of their business models and how they fund their distributions as simple to understand as say, Coca Cola or McDonalds and how they pay their money. That maybe something I can get more comfortable with on further diligence, but for the moment, I feel that there are plenty of opportunities out there among industrial companies that I don't have to go further afield.

I hold positions in a taxable account, as I plan to start living off the dividend distributions in the not so distant future. As far as the tax comment goes, I consider the tax on qualified dividends and some of the social security tax and other savings a nice break when compared with ordinary wage income. Obviously complete tax shelter would be even better, but I'm happy to accept the discounted dividend taxes for now!]]> http://seekingalpha.com/article/1477441/comments?source=feed#comment-19619101 19619101 CME) for example. I've also held BP during the time it cut dividends as well.]]> Tue, 04 Jun 2013 22:16:32 -0400 CME) for example. I've also held BP during the time it cut dividends as well.]]> http://seekingalpha.com/article/1477441/comments?source=feed#comment-19618951 19618951 I haven't tracked total return as closely as I could have over the years. I have been much more focussed on the income stream that I have been generating. I will say though that my total returns post 2008-2009 have been significantly assisted by investments in some Australian mid cap dividend payers that have more than doubled in a very short space of time. I will be likely be tracking total returns much more closely going forward, but my main goal is ultimately the sustainable income that my portfolio produces.]]> Tue, 04 Jun 2013 22:09:34 -0400 I haven't tracked total return as closely as I could have over the years. I have been much more focussed on the income stream that I have been generating. I will say though that my total returns post 2008-2009 have been significantly assisted by investments in some Australian mid cap dividend payers that have more than doubled in a very short space of time. I will be likely be tracking total returns much more closely going forward, but my main goal is ultimately the sustainable income that my portfolio produces.]]> http://seekingalpha.com/article/1477441/comments?source=feed#comment-19585661 19585661 Tue, 04 Jun 2013 08:15:21 -0400 http://seekingalpha.com/article/1477441/comments?source=feed#comment-19585641 19585641 Tue, 04 Jun 2013 08:13:54 -0400 http://seekingalpha.com/article/1477441/comments?source=feed#comment-19585561 19585561 Integrator]]> Tue, 04 Jun 2013 08:12:10 -0400 Integrator]]> http://seekingalpha.com/article/1477441/comments?source=feed#comment-19585441 19585441 Tue, 04 Jun 2013 08:08:22 -0400 http://seekingalpha.com/article/1477441/comments?source=feed#comment-19585091 19585091 Tue, 04 Jun 2013 08:01:21 -0400 http://seekingalpha.com/article/1477441/comments?source=feed#comment-19585031 19585031 Tue, 04 Jun 2013 07:59:51 -0400 http://seekingalpha.com/article/1466271/comments?source=feed#comment-19398681 19398681 Wed, 29 May 2013 21:19:06 -0400 http://seekingalpha.com/article/1466271/comments?source=feed#comment-19398591 19398591 Wed, 29 May 2013 21:14:40 -0400 http://seekingalpha.com/article/1466271/comments?source=feed#comment-19398501 19398501 Wed, 29 May 2013 21:10:26 -0400 http://seekingalpha.com/article/1466271/comments?source=feed#comment-19398361 19398361 Wed, 29 May 2013 21:05:58 -0400 http://seekingalpha.com/article/1466271/comments?source=feed#comment-19398021 19398021
The correction insurance point is a good one. I think not having a view of ever taking profits is a good once with stocks that you feel you can hold forever. Talk of a correction to folks who bought Coca Cola in the 1960's is probably meaningless when cost base is so low compared to current market value.]]> Wed, 29 May 2013 20:58:00 -0400
The correction insurance point is a good one. I think not having a view of ever taking profits is a good once with stocks that you feel you can hold forever. Talk of a correction to folks who bought Coca Cola in the 1960's is probably meaningless when cost base is so low compared to current market value.]]> http://seekingalpha.com/article/1466271/comments?source=feed#comment-19397681 19397681 Reminds me of Buffetts expression to buy stocks that you'd be happy to hold if the market shut for 10 years. I also find checking stock prices to be a distraction. They can prompt you to take action that you otherwise shouldn't and may regret later. Automated trading can make one too quick to hit the sell button.]]> Wed, 29 May 2013 20:45:33 -0400 Reminds me of Buffetts expression to buy stocks that you'd be happy to hold if the market shut for 10 years. I also find checking stock prices to be a distraction. They can prompt you to take action that you otherwise shouldn't and may regret later. Automated trading can make one too quick to hit the sell button.]]> http://seekingalpha.com/article/1466271/comments?source=feed#comment-19362611 19362611 Good catch. I should have clarified that I look to monitor payout ratio and earnings deterioration that can give me an insight into a possible cut, well before the cut occurs. One hopefully sells well before a cut.]]> Wed, 29 May 2013 09:03:38 -0400 Good catch. I should have clarified that I look to monitor payout ratio and earnings deterioration that can give me an insight into a possible cut, well before the cut occurs. One hopefully sells well before a cut.]]> http://seekingalpha.com/article/1466271/comments?source=feed#comment-19362481 19362481 Spot on. Focus on current yield can get you into a dangerous game of looking at yield quantity and not yield quality, regardless of whether yield is sustainable or not. Further, it obscures the yield escalator that you so well described in the example above that actually gets you to current yield, and which is far more powerful over the long term]]> Wed, 29 May 2013 09:01:50 -0400 Spot on. Focus on current yield can get you into a dangerous game of looking at yield quantity and not yield quality, regardless of whether yield is sustainable or not. Further, it obscures the yield escalator that you so well described in the example above that actually gets you to current yield, and which is far more powerful over the long term]]> http://seekingalpha.com/article/1466271/comments?source=feed#comment-19360901 19360901
I bought MCD in the mid 50's a while back, and sold it for a handy profit somewhere in the 60's, thinking it had run too hard too fast. I then watched it ascend further upwards ever since and bought back in much higher. In my view its worth holding onto quality indefinitely. You can't replicate quality earning streams very easily, if at all.]]> Wed, 29 May 2013 08:03:13 -0400
I bought MCD in the mid 50's a while back, and sold it for a handy profit somewhere in the 60's, thinking it had run too hard too fast. I then watched it ascend further upwards ever since and bought back in much higher. In my view its worth holding onto quality indefinitely. You can't replicate quality earning streams very easily, if at all.]]> http://seekingalpha.com/article/1341801/comments?source=feed#comment-17713501 17713501 Tue, 16 Apr 2013 20:49:10 -0400 http://seekingalpha.com/article/1341801/comments?source=feed#comment-17713461 17713461 Tue, 16 Apr 2013 20:48:46 -0400 http://seekingalpha.com/article/1341801/comments?source=feed#comment-17713301 17713301 Tue, 16 Apr 2013 20:45:19 -0400 http://seekingalpha.com/article/1341801/comments?source=feed#comment-17654131 17654131 Mon, 15 Apr 2013 14:11:17 -0400 http://seekingalpha.com/article/1341801/comments?source=feed#comment-17653431 17653431
Current portfolio yield is around 4%. Thats been driven by some large positions in some of the big Australian banks and Telstra, which was entered into at a yield on cost of around 10% about 2 years ago. Needless to say, stock has appreciated substantially since then.]]> Mon, 15 Apr 2013 13:58:05 -0400
Current portfolio yield is around 4%. Thats been driven by some large positions in some of the big Australian banks and Telstra, which was entered into at a yield on cost of around 10% about 2 years ago. Needless to say, stock has appreciated substantially since then.]]> http://seekingalpha.com/article/1341801/comments?source=feed#comment-17649471 17649471
I'm actually most interested in trying to top up my position in McDonalds, if i get a chance to buy on any pullback]]> Mon, 15 Apr 2013 12:50:30 -0400
I'm actually most interested in trying to top up my position in McDonalds, if i get a chance to buy on any pullback]]> http://seekingalpha.com/article/1341801/comments?source=feed#comment-17649101 17649101 Mon, 15 Apr 2013 12:43:32 -0400 http://seekingalpha.com/article/1341801/comments?source=feed#comment-17648991 17648991 Mon, 15 Apr 2013 12:42:10 -0400 http://seekingalpha.com/article/1301541/comments?source=feed#comment-17293411 17293411 Fri, 05 Apr 2013 23:57:17 -0400