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gcmagone

gcmagone
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  • Desperately Seeking Yield Through Equities: Part 6 - Utility Stocks [View article]
    I , too, was curious about this reduction before I bought EOD. There was an article written by one of the Seeking Alpha authors that explained the drop. Unfortunately, I do not remember his name but, I believe he frequently writes about closed end funds. Anyway, as I recall, he said the 2009 market crash caused several new CEFs like EOD to take big hits to their NAV. EOD simply reduced the dividend accordingly. According to the author, The NAV of EOD has been recovering slowly since then and no further dividend reductions are expected. The slow growth is typical of the utility industry.
    Jun 27, 2011. 03:39 PM | Likes Like |Link to Comment
  • Desperately Seeking Yield Through Equities: Part 6 - Utility Stocks [View article]
    This is a top-of-the-line list of domestic utilities and no doubt probably pay a dividend in the 5% range at best. As a retiree, I have been looking for a yield a bit above that 5% and ,of course, with safety. For those in my boat, I recommend a fund that goes by the name "Wells Fargo Advantage Global Dividend Opportunity Fund" ( symbol EOD ). The portfolio of this fund is 100% in utility companies in a dozen or so countries around the globe for diversification and pays a quarterly dividend of about 11%.
    Jun 27, 2011. 01:02 PM | 2 Likes Like |Link to Comment
  • Quicksilver Resources: Solid Growth From Its Core; New Oily Ventures to Be Tested Near Term [View article]
    You should add SSN to your list of small companies with great potential and a reasonable share price.
    Jun 27, 2011. 12:40 PM | Likes Like |Link to Comment
  • Samson Oil & Gas: Bulking Up in the Bakken [View article]
    Interesting prospects for Sampson discussed here. Not mentioned is that SSN has very little debt and it's shares are selling at a reasonable price. That is a combo hard to find in the shale oil patch.
    Jun 27, 2011. 12:30 PM | 1 Like Like |Link to Comment
  • Which Option-Income CEFs to Buy Right Now [View article]
    You are correct. I don't know where I got my info from.
    Jun 26, 2011. 07:10 PM | Likes Like |Link to Comment
  • Looking for Retirement Income? Go Global [View article]
    For those in need of steady income, I found that utilities fill that bill. I found a Well Fargo fund (EOD) that is global in utilities coverage and has a distribution yield of about 11%. I am retired so, this one lets me sleep at night.
    Jun 26, 2011. 11:06 AM | 2 Likes Like |Link to Comment
  • 5 Defensive Utility Dividend Stocks With Increasing Institutional Buying [View article]
    Good list. However, I was looking for a global fund that concentrates on utilities and pays a meaningful yield. My search, so far, has gotten me interested in the Wells Fargo Advantage Global Dividend Opportunity Fund (ticker: seekingalpha.com/symbo...). Their portfolio includes utilities from dozens of countries and has a steady quarterly distribution of about 11%. I really can't find any negatives about it except it is not a growth investment......just a good reliable income fund.
    Jun 26, 2011. 10:49 AM | Likes Like |Link to Comment
  • Which Option-Income CEFs to Buy Right Now [View article]
    All my trading of CEFs are done with funds in my IRA account. I assume that there will be no tax implications at all. Am I right?
    Jun 25, 2011. 01:45 PM | Likes Like |Link to Comment
  • Which Option-Income CEFs to Buy Right Now [View article]
    ETG and EVT pay quarterly. I don't know about ETO.
    Jun 25, 2011. 10:08 AM | Likes Like |Link to Comment
  • Desperately Seeking Yield Through Equities: Part 5 - Equity REITs [View article]
    Like you said, there are several good REITs that could be on your list. As a retiree, I prefer one that pays a meaningful dividend. I also believe that there is growth in the healthcare sector as we all age. So, after looking through the REITs that fit my preferences, I settled on Medical Properties Trust, Inc. (ticker: MPW) for broad coverage and a 7% yield.
    Jun 24, 2011. 09:04 AM | Likes Like |Link to Comment
  • How Important Is Asset Allocation to a Successful Portfolio? [View article]
    Lowell, another fund you can test is BOE, Yahoo states the yield to be about 2%, whereas DividendInvestor correctly shows about 12%. I own this one too and the distributions I receive always match the DividendInvestor figure,NOT yahoo's.
    Jun 23, 2011. 06:56 PM | Likes Like |Link to Comment
  • How Important Is Asset Allocation to a Successful Portfolio? [View article]
    Yes, the DividendInvestors site always shown the correct amount received. Have you looked at this site yet?
    Jun 23, 2011. 06:19 PM | Likes Like |Link to Comment
  • How Important Is Asset Allocation to a Successful Portfolio? [View article]
    Lowell, the yield % published by Yahoo and some others does not reflect the actual paid distributions ie. does not include call writing activities, etc. When I look-up yield information I use the web site " DividendInvestor" . That site gives % yield, amounts paid (current and prior), current share price, dividend dates (xdiv,record & pay date) and other statistics. It is very accurate and updated daily. Give it a try. P.S. thanks for the reference to RWX. I will check it out.
    Jun 23, 2011. 05:15 PM | Likes Like |Link to Comment
  • How Important Is Asset Allocation to a Successful Portfolio? [View article]
    As a retiree, I am very interested in diversification with a meaningful yield. I try to research any fund that fit those two things so, I have been looking for fund names that have "global" in their title. For example, ING offers a global fund that covers many good companies for diversification and also pays a 10% distribution yield. The ticker is IGD. Do you know of others I should look at?
    Jun 23, 2011. 01:33 PM | Likes Like |Link to Comment
  • 3 Flavors of High Yield Investments [View article]
    I would like to see a discussion about some of the high yielding global funds for example, ING's Global Equity Dividend and Premium Opportunity Fund (ticker: IGD). That fund fills the bill for high income with a 10% monthly distribution. This fund, and others like it, would be of great interest to retirees.
    Jun 23, 2011. 01:11 PM | Likes Like |Link to Comment
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