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  • Prospect Capital Management's Field Day [View article]
    All that I know or care about is that I own 5,00 shares of PSEC at an average cost of $10.00/share and current value of $7.57/share, paying me ~14% dividends/price. I like the dividend but am rather put off by the current capital loss of $14K and promises, promises, promises from them for better results in the near future. I may decide to eat the CG loss and dump this one. In the present environment, I can find at least a dozen better paying stocks with better communications with the public and fewer unknowns!
    Oct 8, 2015. 06:51 PM | 16 Likes Like |Link to Comment
  • LINN Energy Announces Suspension of LINN’S Distribution and LinnCo’s Dividend [View article]
    Not very nice for those of us who held LINE for income, but reasonable in relation to the oil and NG business. Maybe now my negative Capital Gains will improve??? Can't afford to sell --- $50K in the red here! A loss is only an on-paper event until/unless sold!
    Oct 7, 2015. 10:18 AM | Likes Like |Link to Comment
  • Retirement Strategy: The Simplicity Of A More Secure Retirement Portfolio For Regular Folks [View article]
    RS, speaking of reading, have you even read my bio, or the recent interview by Nicholas Ward? At my age of 85, I don't need the bother of writing an article or managing a hedge fund I am quite satisfied with my investing approach and the money it brings me! I post only to present another thought on Income Investing, which I think is much superior to any other system, except possibly DGI or Total Return, with which there are many commonalities!

    If you don't like my system, stay with whatever you are pushing for your clients these days. I say that because I assume from the tone of your articles that you are a paid "Wealth Management Advisor" or "Investment Advisor" or whatever you call it these days, none of whom I have ever used.
    Oct 6, 2015. 03:56 PM | 3 Likes Like |Link to Comment
  • Retirement Strategy: The Simplicity Of A More Secure Retirement Portfolio For Regular Folks [View article]
    RS, It wasn't I who had your comment deleted. Maybe some other person who has seen the light and prefers to gain their income from dividends rather than constantly hoping for the world to take care of them! I didn't need to read your article in order to comment on it. After the first few words, I could see that you were promoting the same old "safety first" maundering!
    Oct 6, 2015. 03:36 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: The Simplicity Of A More Secure Retirement Portfolio For Regular Folks [View article]
    And which kinds of checks would you prefer to cash in retirement, those for a few hundred dollars or those for a few thousand dollars? I average $20K/month and sleep darn well in secure knowledge that I have enough coming in each month to pay the bills, with enough extra for the nicer things of life, REGARDLESS of whether the stock markets go up or down!

    When stocks go up, I am glad because my basic assets are up --- when they go down, I buy more with my discretionary income. But I don't worry much either way. And I certainly DON'T complain because I can't pay my bills, the way that many seniors do! The younger generations worry about the health and wealth of the seniors and the potential future financial drain on them, the caretakers of their elders. They should worry more about the mismanagement by the seniors of their investable funds! I am almost 85 and no one has to help me financially. Instead, I have to help my kids and other relatives (:-o)!

    BTW, I am up about $100K so far this month after being down about 135K since the end of last year! Do I worry? Hell no, because I know that I can weather a few bad months and that things will always improve, even though so many pessimists weep and wail and predict doom! Nervous Nellies, don't come to me with your after-the-fact complaints when there are so many ways to obviate them!
    Oct 6, 2015. 12:45 PM | 4 Likes Like |Link to Comment
  • Retirement Strategy: The Simplicity Of A More Secure Retirement Portfolio For Regular Folks [View article]
    I am posting this note without even reading this article because I firmly believe too many seniors are too risk-sensitive! They buy and hold blue-chip, low risk, low dividend securities and then complain that their retirement income isn't enough to keep them going!

    Wake up folks! Meager income from low risk, low dividend stocks will seldom keep paying enough cash for more than a minimal life-style!!!!!!! What I call Medium Risk, High Yield (MRHY) stocks will not only pay you better, but also allow SWAN (sleep well at night). You may have to do a little research to find them and verify that they are truly MRHY, but you will be pretty likely to enjoy life more!

    Life itself is a risk (every day). Being too risk-sensitive will not help! You have to take a few risks in life if you are ever going to get ahead!

    Oct 6, 2015. 10:28 AM | 2 Likes Like |Link to Comment
  • Orchid Island Capital Soars Nearly 5% In A Day: Why? [View article]
    Thanks for the past good words about ORC! I have had an eye on ORC for some time now. It wasn't entirely your good words for it, but also my own evaluations, plus yours. Anyway, I picked up 7,000 shares between 10/1/14 and last week, so am up significantly today. In fact, on my entire portfolio of mainly BDC, REIT, and MLP stocks, I made up $32,333 of recent losses today. I'll take that any day!!!!!
    Oct 5, 2015. 09:58 PM | 1 Like Like |Link to Comment
  • Vector Group: One Of The Market's Most Overlooked Sin Stocks [View article]
    Good article about a largely unknown company. However, I consider the annual dividend yield to be closer to 12% than the 7% you cite. This is because of the 5% annual stock dividends that they have paid EVERY year for the last 17, and which you forgot to mention!!!

    Some shortsighted people consider these stock dividends to merely be annual 21-for-20 splits. I disagree strongly with that contention. The stock does drop a little at the September dividend date, which is when the stock dividend is paid, but it recovers quickly and soon trades as high or higher than its pre-X date, just as regular more well-understood companies do on their X-dates and/or when their dividends are paid out.

    I purchased my first 1,000 VGR stocks for about $17K in 2012. Except for a couple thousand shares that I have added from my own funds, at market prices, I haven't touched that holding since then. I now own ~4,500 shares worth a cool $100K.
    Oct 5, 2015. 03:16 PM | 6 Likes Like |Link to Comment
  • A Dividend Growth Investor's Perspective On Advisor Perspectives' Negatives About Dividend Investing [View article]
    Well Bruce, my annual income has been over $200K for the last 6 years! and, even back in 2008-2009 it hung pretty well in that same range with surprisingly few defections! So, lets see, $200K for six years --- I SWAN pretty well with that kind of consistent income!

    I didn't have that kind of income in the years prior to 2008 when I "took the bear by the nose" and tweaked it. My friends all said about the same thing you are right now and that I would lose my shirt when "some untoward economic event occurred". It didn't, I and don't ever expect one of such magnitude (a la 1929) to ever occur again, at least in my lifetime or those of my children or grandchildren. If it does, well head for the hills!!! The entire world may well be up the proverbial creek and nearly everyone may be selling apples and pencils on the street corners, and standing in soup lines.

    Of course, there is one other consideration --- such an unlikely long depression may even outlast you and me. In such a situation, I don't give a damn what happens when I am gone except for the generations that are alive at that time and I pity them! But, I darn sure can't do much about that before (and unless) it actually happens! And I am reasonably sure the human race will endure somehow. It has for several hundred thousand years!!!!!!!

    Don't be such a pessimist! Live life as it occurs and, if an Armageddon does occur, just ride it out along with the rest of the chickens! You won't be any better or worse off than everyone else!
    Oct 2, 2015. 03:50 PM | Likes Like |Link to Comment
  • A Dividend Growth Investor's Perspective On Advisor Perspectives' Negatives About Dividend Investing [View article]
    Doesn't ANYBODY ever read my many postings about MRHY???? Or are all of you a bunch of chickens that run around squawking "The sky is falling!"? There are literally hundreds of stocks out there that will pay 4% dividend yields AND MUCH HIGHER!

    At present, my Income Portfolio of $1.6M (that's Millions) is down $135K since the first of the year, but still paying me $240K annually. Yes, my risk tolerance is very high, but I invest ONLY in BDC, REIT, and MLP stocks that pay me AT LEAST 12% to 18% dividends with an average ROE of 15.75%. My range used to be 6% to 10% but, these days with the hysteria in the markets and people selling what used to be $20 stocks for $6, I have temporarily raised it. When the world comes to its senses, I'll drop it again to whatever I consider reasonable but, for now, I'll continue to take advantage of you chickens just as I did in 2008-2009 when I increased my portfolio by from about $300K to $900K.

    C'mon people, get some SPINES and invest according YOUR own criteria and income needs in retirement, not the BS that is foisted on you by Wall Street and its minions! Don't you realize they are laughing at you while THEY make hundreds of MILLIONS??????
    Oct 2, 2015. 10:48 AM | 2 Likes Like |Link to Comment
  • A Dividend Growth Investor's Perspective On Advisor Perspectives' Negatives About Dividend Investing [View article]
    Very interesting article. However, I believe that my MRHY system negates almost every one of those negatives. I am basically an Income Investor and I do LIVE off a large part of my dividend income, and that is intentional! I couldn't live as well otherwise! And I do factor in the life longevity factor when I capitalize my investments. In fact, I recently offered my capitalization factors table (after age 75) to anyone who wanted it (since I was ~75 when I produced it). Very few did, probably because most of you are under 75 and others just did not know what I was talking about!!

    I could go on and on about how and why I think MRHY negates almost every negative mentioned, but all that I want to say at this time is "read my postings, my Bio on SA, and the recent interview by Nicholas Ward. Find your own pet negative, and look at how I probably circumvent it. It works handsomely for me! It is not trademarked and is free to anyone who wants to take the time to understand it. In fact, it is merely a compendium of the investing insights that I have learned from experience and how I apply them.
    Sep 29, 2015. 01:18 PM | 2 Likes Like |Link to Comment
  • Underrated Vector Group Continues To Outperform [View article]
    Yes, DHL-2. That "stock split" is actually a dividend as VGR says. In my mind, it is NOT a stock split as the analysts state, because the stock does NOT necessarily go down by the amount of the DIVIDEND/split and it is periodic as promised by VGR! And, it doesn't cost VGR much to do it. All that they have to do is to issue the dividends through their transfer agent. I call that a DIVIDEND! If it walks like a duck, etc., etc.!
    Sep 29, 2015. 11:58 AM | 1 Like Like |Link to Comment
  • Underrated Vector Group Continues To Outperform [View article]
    In fact, here is the basic formula: (1+i)^n, where i is the interest rate and n is the number of periods; and then multiply that answer by your original investment. The formula for discounting is i/((1+i)^n), just in case you want to work backward from a desired result. You can massage those formulae many ways, such as with life expectancy, or by reverse solving for any one unknown value, and I do!
    Sep 29, 2015. 11:47 AM | Likes Like |Link to Comment
  • TPG Specialty Lending, Inc. Sends Letter to TICC Capital Corp. Stockholders Outlining Merits of Proposal [View article]
    I am an income investor. I am only minimally interested in the material cited in this letter. I want current income, not nebulous future market prices and NAV.

    TICC presently pays me 16.69% dividends. As I understand this proposal, you want me to exchange my TICC stock for ~half as many TSLX shares, paying ~half as much percentage-wise per share in dividends! I don't see as I would gain much, if any, in this transaction, and would probably lose some amount of CASH income. You will have to make a better case for your proposal than that before I would even think of switching.
    Sep 21, 2015. 11:42 AM | Likes Like |Link to Comment
  • TPG Specialty continues to hawk case; TICC again rejects [View news story]
    What's the problem? My spreadsheets show TICC as paying 16.69% dividends as of last Friday. I don't know (or care) what TXLC pays. A dividend of almost 17% is quite adequate for me. In fact, I start to question the risk factor of a stock that pays over 16%.
    Sep 21, 2015. 08:52 AM | 3 Likes Like |Link to Comment