TU Man

TU Man
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  • Ivy Portfolio Year End Update  [View article]
    awfully tough to compare to a balanced fund only for 5 years and in an up market
    Jan 2, 2015. 03:34 PM | Likes Like |Link to Comment
  • This Small Cap MLP Is Proving That Coal Isn't Dead After All  [View article]
    i find it a little questionable that a company can continue to make money and improve revenues in an industry where no one else is. NO ONE...

    It's easy to say "they just must do it better", but I would like to know how the numbers work a bit better before buying.
    Aug 28, 2014. 03:34 PM | 1 Like Like |Link to Comment
  • Clouds Over Omaha - Time To Sell Berkshire Hathaway  [View article]
    wow...you've been right on your last two stock picks? Gilead and Athena?

    Man, I wish I had a chance to buy into your hedge fund, I mean, what would I have made? A couple hundred bucks?

    I don't know if I've ever heard Buffett lie. He's a straight shooter and I like him.

    May 8, 2014. 11:24 AM | 1 Like Like |Link to Comment
  • PIMCO Corporate Opportunity Fund: Recent Drop Represents An Attractive Entry Point  [View article]
    so why do their holdings list the sterling and euro currencies? even if they are swaps, by definition, they are "playing the currency game"...
    Jul 16, 2013. 01:09 AM | Likes Like |Link to Comment
  • PIMCO Corporate Opportunity Fund: Recent Drop Represents An Attractive Entry Point  [View article]
    According to you above, and their holdings report, it seems they are negative cash. I can't tell on their holdings report if they have shorted the sterling and euro, or if they just borrow in those currencies.

    This is a different ball game if they use currency borrowings and paybacks, and interest rates in other countries to manipulate return. In my opinion, it becomes more attractive than a straight bond and preferred fund, if PIMCO has the ability to play the currency game a bit.
    Jun 17, 2013. 12:37 PM | 1 Like Like |Link to Comment
  • My Mad Method: Replacing The MLPs In My IRA, Part 1  [View article]
    no brokerage firm keeps track of your true cost basis on an MLP...they do not know what has been return of capital, and what has been true income. That's is up to you and your CPA to do on your own.

    The K-1 that a company supplies does not reflect one single iota of information about how long you've owned it. They do not care about your true cost basis nor do they give you a "final UBIT". The ONLY UBIT that shows up on a K-1 is what the firm itself did - not you personally.
    Mar 6, 2013. 02:55 PM | Likes Like |Link to Comment
  • My Mad Method: Replacing The MLPs In My IRA, Part 1  [View article]

    It is conclusive...and there is no back and forth among experts!

    The K-1 you get mailed each year is the only source of UBIT. Verified by every single CPA that has posted on this topic.

    Feb 22, 2013. 12:30 PM | 1 Like Like |Link to Comment
  • My Mad Method: Replacing The MLPs In My IRA, Part 1  [View article]
    yet another example of why Seeking Alpha is starting to suck. A whole lot of non-professionals commenting and changing the investing nature of folks for absolutely no reason.

    I'll say the same thing here that I've said in every other "UBIT in an IRA" article:

    Show me one single solitary article written by A PROFESSIONAL that outlines this recapture crap...

    It's dreamed up. UBIT in IRAs = only on a K-1!!!!!
    Feb 14, 2013. 12:19 PM | 3 Likes Like |Link to Comment
  • Searching For The Best MLP ETF  [View article]
    I've read it. And I note, again, that there is not one single solitary piece in existence where a bona fide tax professional has said that any UBIT is incurred by an IRA other than what's on the K-1.

    I come to the same conclusion as the only CPAs in the discussion do, that MY CPAs do, that 50 CPAs for my clients do, and that the NAPTP has done here: http://bit.ly/Hlq1xS

    UBIT is on K-1's and that's the only place it is. and it rarely occurs to a level where it will affect the IRA.

    It makes no sense to pay an extra 1 - 2% internal fee just to convert from K-1's to 1099's inside a retirement account - especially when it isn't an issue.
    Jan 25, 2013. 03:56 PM | Likes Like |Link to Comment
  • Searching For The Best MLP ETF  [View article]
    that issued has been debunked several times on Seeking Alpha...

    the only UBIT in IRAs that applies is the annual amount...not at the time of sale. If you could provide one single solitary link to a site written by a qualified tax advisor on the UBIT-at-sale issue in an IRA, maybe someone would believe you.
    Jan 16, 2013. 04:38 PM | Likes Like |Link to Comment
  • Searching For The Best MLP ETF  [View article]
    i know several folks with multi-million IRAs holdings in MLPs. they have owned them for a decade, and made millions.

    NOT ONE of them has ever had an issue with UBIT. One advisor I spoke with recently said the only issue he ever had with UBIT was when ETP did a propane/gas reorg many years ago. The result? the guy had the IRS tell him he owed $600. BFD

    The no-MLP in IRAs is overblown. Take a look at your own K-1's...how much of an investment would it have taken to get to $1000 of UBIT?
    Jan 15, 2013. 12:27 PM | 1 Like Like |Link to Comment
  • David Tepper - who famously called the big post-QE2 bull market - is back on CNBC and very bullish again. The market has just a small bit of downside risk from these levels, he says, but a return to market multiples not seen since the 90s is the upside. All that's needed for ignition is a deal out of D.C.  [View news story]
    babbling nutjob huh...

    and perhaps the greatest investor of the past two decades???!!!
    Dec 17, 2012. 11:57 AM | 1 Like Like |Link to Comment
  • A Closer Look At Williams Partners' Distributable Cash Flow As Of 2Q 2012  [View article]
    the general question I have is why would an MLP, who can get 3-4% interest in the debt markets, issue any equity at all...especially when that equity is MUCH more expensive?

    WPZ's latest equity issuance states they are paying back a line of credit...and are issuing new debt to do the same. Why not ALL debt?

    thoughts? thx
    Aug 13, 2012. 03:13 PM | Likes Like |Link to Comment
  • Do You Really Need $1 Million To Retire?  [View article]
    i think analysis like these are pretty funny.

    1. By my calculations, you've just said that someone who is 45 will need $50k per year to live in 20 years. At 3% inflation, that's equivalent to $27,683 in today's dollars.

    So you're clients have a 65% of being able to successfully live at the poverty level for the rest of their lifetimes. wow

    2. You use a 6% total return assumption for stocks. However, you then show some possible ideas that don't have 4% yields like you mention AND their dividend growth is slowing. Also, here are the success rates over the past 5 years and past 10 years of your recommendations:

    5 yrs (whether it met the 6% total return required):
    JNJ: NO
    WMT: YES
    SYY: NO
    LLY: NO
    T: NO
    KO: YES

    10 yrs (whether it met the 6% total return required):
    JNJ: NO
    WMT: NO
    SYY: NO
    LLY: NO
    T: YES, barely
    KO: YES, barely

    So what good is all of this analysis if your clients are going to live in poverty and have a good Monte Carlo analysis that they cannot eat?

    The only thing I'd be telling them is "there is a significant chance, even with $800k, that you'll live a lifestyle of barely getting by...and that includes no long term care. I can try to help you, but realize that the stock market wouldn't have allowed you to meet your goals the past decade, and may not in the next decade, but we'll certainly do our best"...
    Aug 1, 2012. 05:13 PM | 1 Like Like |Link to Comment
  • July And YTD S&P 500, Asset Class And Sector Performance  [View article]
    How does Lg Growth, Lg Value, Mid Growth, Mid Value, Sm Growth and Sm Value ALL underperform the S&P? In other words, strange that there isn't one particular class that has driven the S&P more than the others...

    You might be using indices for the asset classes that aren't mkt cap weighted like the S&P?

    just a thought after seeing your numbers...thanks for posting...good to have these
    Aug 1, 2012. 04:28 PM | Likes Like |Link to Comment