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HackFab

HackFab
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  • The Ultimate High-Yield Bond Portfolio [View article]
    "I see wages increasing from the bottom-up this year..."

    Well that's good news for me, since I haven't had a pay raise since January 2009....

    However: The entities that contract the company I work for, have all cut employees. Replacing them (figuratively, as most, felt compelled to remain for economic, family, or other reasons) with contract employees. At a 20%-30% wage cut.

    Rant on:
    Government and academia economists, need to go out into this 'fabulous' job market, fill out a few hundred employment applications, sit through countless job interviews, and experience employer rejection. Then go home to their families, and figure out how they are going to pay their monthly bills after a 20% wage cut. That would make them better qualified to create/espouse economic policy.
    Rant off.

    BTW: I have 20% of my 'total portfolio' invested in income producing CEF's. So I agree with your concept.
    Mar 31, 2015. 09:04 AM | 1 Like Like |Link to Comment
  • The Ultimate High-Yield Bond Portfolio [View article]
    Personally, I don't see any problems with PIMCO's managers. Let's not forget that Bill Gross even made bad calls, so the Bond King's crown has some tarnish.

    More importantly, I would NOT allow any particular position to get too large. If The Fed moves DRAMATICALLY (and I doubt the will do that), the various bond funds are all going to take big hits.

    Also, I wouldn't initiate any position if you are not purchasing at a discount to NAV (Net Asset Value for the new folks). This can easily be looked up on the internet. Here's an excellent site for information: http://bit.ly/15N3Fqb
    Mar 30, 2015. 12:13 PM | Likes Like |Link to Comment
  • The Ultimate High-Yield Bond Portfolio [View article]
    I'm in no way an economist, but having survived the runaway inflation of the 70's, I feel the most important 'number' to keep an eye on is the wages. It's difficult to create a wage/price spiral, without wages going up quickly and dramatically.

    And in present day America, I don't see wages increasing at an 'alarming rate'. Unless you're a mediocre CEO.

    BTW: I own all three of the PIMCO cef's.
    Mar 30, 2015. 08:43 AM | 4 Likes Like |Link to Comment
  • Sears Holdings: The End Game [View article]
    Not defending the author, but he stated he was short the stock. That's what I would call 'skin in the game'.
    Mar 29, 2015. 12:00 AM | 4 Likes Like |Link to Comment
  • Sears Holdings: The End Game [View article]
    Toxic. Look at the 10 year graph of the stock price. Go to your local Sears store. Retail at it's worse.

    Disclosure: One time SHLD holder. Only lost part of my shirt.
    Mar 27, 2015. 09:01 PM | Likes Like |Link to Comment
  • Why I Sold Exxon Mobil And Invested In BP [View article]
    BP 'supports' 220k jobs in the USA: http://on.bp.com/1DUSZXp
    Mar 24, 2015. 03:25 PM | 10 Likes Like |Link to Comment
  • Why I Sold Exxon Mobil And Invested In BP [View article]
    No taxes on BP dividends. Been long BP and collecting divys for many years.
    Mar 24, 2015. 03:22 PM | 5 Likes Like |Link to Comment
  • I Bought AT&T For The First Time And This Is Why [View article]
    AT&T will still be in my portfolio when I die.

    It will be in my heir's portfolio when they die.

    It will be in their heir's portfolio when they die.

    There are only two players in USA telecom: T and VZ. The rest is just noise. And Both T and VZ are beyond the borders.
    Mar 24, 2015. 03:13 PM | 22 Likes Like |Link to Comment
  • A​n Option Strategy ​For Beaten Offshore Drillers [View article]
    I believe the biggest issue is:

    "A leading member of OPEC, Saudi Arabia, vowed not to make any production cuts unless non-OPEC producers agreed to do so simultaneously. Despite a big drop in the numbers of active oil rigs, the total daily crude production worldwide has kept climbing."

    These guys aren't are 'friends'. The USA drops rigs, and they continue to pump oil.
    Mar 24, 2015. 03:09 PM | Likes Like |Link to Comment
  • Boeing's Dividend Continues To Soar [View article]
    Recently announced?

    The increase to $.91 quarterly was announced last December 15th: http://bit.ly/1x2FF0Z
    Mar 13, 2015. 06:15 PM | Likes Like |Link to Comment
  • Citi reiterates Hold on AT&T after new filing [View news story]
    Nothing lasts forever.
    Mar 13, 2015. 05:32 PM | Likes Like |Link to Comment
  • BP target raised to $50 at Oppenheimer following capex cut [View news story]
    Not adding any more. Conserving cash for now. Got my eyes on a couple others. If it gets down to your $34 area, I'll add again.
    Mar 13, 2015. 05:29 PM | 1 Like Like |Link to Comment
  • BP target raised to $50 at Oppenheimer following capex cut [View news story]
    Beep!... Beep!... Beep!... Beep!......
    Mar 12, 2015. 09:41 AM | 1 Like Like |Link to Comment
  • Citi reiterates Hold on AT&T after new filing [View news story]
    I have a conspiracy theory why T was dropped from the Dow. But since I misplaced my tinfoil hat, I'm not going to share it...

    VZ was also in the Dow and one needed to go.
    Mar 12, 2015. 07:50 AM | 1 Like Like |Link to Comment
  • BP target raised to $50 at Oppenheimer following capex cut [View news story]
    Bought more today. I'll buy more over the summer if the price continues to fall.
    Mar 11, 2015. 08:42 PM | Likes Like |Link to Comment
COMMENTS STATS
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