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  • Join Them If You Can't Beat Them: Stop Picking Individual Stocks And Start Living An Easier Life [View article]
    Thanks for the article.

    Have you considered SDOG instead of SPY for passive investing ?

    Second. I bought a large position in SSO in 2006. Held for the long term and bought more in 2009. I'm still searching for the losses that the statisticians said that I must be incurring.

    Good luck to you.
    Jan 9, 2015. 11:30 AM | 1 Like Like |Link to Comment
  • Closed-End Funds Are Better For Income Investors Than Open-End Funds [View article]
    I believe that the reason NAVs are calculated for CEFs is because this can easily be done. The funds don't have lots of varied assets on the books such as a railroad or bank for instance.

    Buying a CEF at a premium or a discount is essentially the same as buying a stock above or below book value. Though it is much harder to arrive at accurate book value due to depreciation methods, goodwill on the books and asset appreciation due to inflation etc.

    The premium accorded to some CEFs is due to their performance and the expertise of their management. It doesn't really enter into an investment decision unless one expects the investment vehicle to go belly up, in which case one should stay away altogether regardless of premium, discount, or below or above book value.

    If I buy a CEF on the open market for say $30 and receive a 6% distribution stream for a few years and then sell on the open market to another investor at $40 for a gain or $20 for a loss it matters little what the discount or premium was at any of those sales. Just sales on the open market between willing buyers and sellers.

    Remember the phrases "paralysis by analysis" and "increased complexity leads to decreased execution". One can analyze an investment in hundreds of ways. What really matters is whether the investment doing what you want it to do for you and is it performing the way you expected when you invested.

    An analysis could show a fund selling at a great discount so it's a buy right? Yet continued and continued and continued analysis could turn up other things such as the quality of management, the impact of the ECB money moves etc.

    Some of my thoughts as a 40 year plus investor and an encourager of all those who see investing as a great way to participate in their own and their country's future.

    Thanks for the article and your time invested.
    Dec 8, 2014. 11:19 AM | 8 Likes Like |Link to Comment
  • Poor Man's Program Trading After Two Months [View article]
    Hi Trostock

    Saw an old comment of yours and was delighted to find another person familiar with the Lichello AIM program.

    Do you still use it and has it been profitable?

    I have used his system with my own variations since the mid '80s
    with much success.

    Have tinkered so that my initial invmt is 75/25 stock/cash and I also add 50% to invmt control for each sale as well as for each purchase.

    Am using it on sso, upro, ucc, cure, and bib. Have found that the newer leveraged etfs work well in that I'm not trying to find separate ships that will be lifted with the tide, rather than investing in the tide itself.

    Thanks for any comments/insight.

    p.s. Also have done fantastically well with Robt. Lichello's Synchrovest method.
    Aug 21, 2014. 12:14 PM | Likes Like |Link to Comment
  • Introducing The 'Conservative Total Return' Portfolio [View article]
    enjoyed your article. have many of your picks in my portfolio. also have juiced my portfolio with mlpl, epd, mwe, ohi, pgp, pml, dtn, nymt, and dvhl.

    have you considered these big strong max dividend stocks/pships ?

    or there reasons to beware?

    Aug 21, 2014. 11:27 AM | Likes Like |Link to Comment
  • Alkaline84 Water Story Is A Bit Hard To Swallow [View article]
    am interested in the debate over alkalinity in the body. not just alkaline water, but the adds for alkalinizing green powders that are supposed to raise the body pH balance.

    from my science background I have learned that the body must maintain a pH of 7.35 to 7.45 for normal metabolic processes to take place. put too much alkalinity into the system and the lungs and kidneys work to make the body more acid. put more acid into the system and the lungs and kidneys do just the opposite. an alkaline urine means that the body is flushing out HCO3 to RAISE the body's acidity.

    sorry, this a little off track for the investment side of things. was just wondering if someone had a product that raised the temperature of the body to say 103 degrees and claimed health benefits, because a fever actually is one of the body's way of defending itself from a bacterial attack, would people jump on board to invest?

    raising the body's pH beyond natural levels just doesn't make sense health wise.

    timing is everything. if one gets into a pump and dump and out at the right time one will make a lot of money. the promoters already have their exits (dump) on this one planned, i'm afraid.

    may we all prosper.
    Sep 12, 2013. 08:37 PM | 2 Likes Like |Link to Comment
  • As leaked earlier the State Department's assessment (full report) of TransCanada's (TRP) Keystone pipeline project  finds little to criticize as far as environmental impact, calling it "very unlikely" any releases would affect groundwater quality. The report also doesn't see much climate impact nor "significant adverse" impact on Canada's environment. There's now a 45-day comment period and then things move to the White House. [View news story]
    think about it. most all the jobs that would be created are in red states. obama doesn't have their votes anyway. he may as well continue to pander to his left base of guilty for being born misanthropes.
    Mar 2, 2013. 03:24 AM | 4 Likes Like |Link to Comment