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  • Cummins Added To Retirement Income Portfolio [View article]
    Author’s reply » Thank you, SkipK. I just listened to ADM's Q3 earnings call. Has anyone ever put together a "Heartland" portfolio of companies headquartered in places like Decatur, Illinois; Columbus, Indiana, Bentonville, Arkansas, etc.? :-)


    Great analysis and article.

    To your question, the answer may be the Mairs & Power Growth Fund ~ MPGFX.
    Nov 28, 2015. 05:47 PM | Likes Like |Link to Comment
  • Deflationary Pressures Post-QE 3 Make Bonds Interesting Again For Income And Potential Capital Gains [View article]

    Excellent article! And lots of food for thought. Thank you for sharing your analysis.
    Nov 25, 2015. 09:01 PM | Likes Like |Link to Comment
  • Retirement Strategy: Taking A Risk Position In A Beaten-Down Stock Could Produce Outsized Rewards [View article]

    When I was a kid (circa 1956) I had a paper route which put a little change in my pocket. I soon fell in with some older kids that liked to gamble ('matching quarters'). Make the right call and you got the other fellow's quarter; call it wrong and you gave him your quarter. Exciting!

    I didn't play those games very long. That 'working' business meant those original stake quarters were hard to come by. While I liked winning, I disliked losing more than I liked winning. I quickly learned I was more comfortable with a slow and steady approach vs chasing excitement. Maybe that mindset had something to do with me being able to retire early; and still being comfortable today.
    Nov 13, 2015. 12:21 AM | Likes Like |Link to Comment
  • AT&T's Dividend: It's A Red Herring [View article]
    A 'rice rocket' for a personal retirement ride? Sweet! Ya must be doing something right with your investments ~ Good on Ya! :-)
    Nov 7, 2015. 05:05 PM | Likes Like |Link to Comment
  • Retirement Strategy: Is Dividend Growth Investing Too Easy To Begin Your Investment Journey Towards Retirement? [View article]

    "I still maintain that the portfolio value measurement is important goal," You are correct! It IS an important goal ~ to You. Others may disagree.

    Therein lies the beauty of managing your own investments: YOU decide what is important. As has been previously mentioned, YOU need to define YOUR goals and YOUR path for reaching them. The SA Contributors, and many posters, share a variety of ideas that you are free to consider and adopt as you see fit.

    You are unlikely to magically hit upon 'the way' all at once. Your approach will likely evolve over time as your knowledge increases and your situation changes.

    Oh, and BTW, that link geekette posted is well worth your time to read and consider if you haven't done so already.
    Nov 7, 2015. 01:05 PM | 3 Likes Like |Link to Comment
  • Equity CEFs: A No Brainer In The Nuveen Dow 30 Dynamic Overwrite Fund [View article]

    Hedging is something I've never done: didn't know how / never thought about it. Perhaps it is time to further my education. Thanks for the idea (also in this article and some of your other work) and the pointers.

    Sep 24, 2015. 10:36 PM | Likes Like |Link to Comment
  • Equity CEFs: A No Brainer In The Nuveen Dow 30 Dynamic Overwrite Fund [View article]

    Perhaps I am over simplifying my thoughts about CEF values? I have concluded that there are two considerations to be balanced. (Obviously there are more than two; these are just the two that don't seem to typically be addressed.) First is the discount / premium to NAV and the second is market yield.

    A CEF may trade at a significant discount to the NAV of a particular index (or group of companies) which is trading at a premium. Thus the CEF could appear cheap on a discount basis when, in fact, it may be trading quite dear on an underlying fundamental basis.

    A CEF can also trade at a yield point that, by itself, is attractive but may not represent good value based on NAV.

    That said, it seems prudent to consider the combination of market yield, discount to NAV, and value (dear or cheap) of the base investment that determines the NAV.

    I'd be interested in your thoughts. Thanks.

    Sep 24, 2015. 11:29 AM | Likes Like |Link to Comment
  • Are Stocks Hinting At Bigger Problems? [View article]
    For the past few weeks I have been unable to view Chris's videos in full screen mode. (Other you tube videos play fullscreen just fine.) Has anyone else been having similar difficulties? Thanks
    Sep 23, 2015. 04:57 PM | Likes Like |Link to Comment
  • Equity CEFs: A No Brainer In The Nuveen Dow 30 Dynamic Overwrite Fund [View article]

    Re UNII, you have previously told us that "OPTION INCOME CEFS DO NOT RELY ON PORTFOLIO DIVIDENDS AND INTEREST. LEVERAGED CEFS DO." Hopefully one of these days it will stick in my brain so you don't have to keep repeating yourself. ;-)

    Until then, ....

    Thanks for the article.

    Sep 18, 2015. 02:17 PM | Likes Like |Link to Comment
  • Make A Monthly Ladder Of Dividend Income Payments With Stock Recommendations From My Portfolio [View article]

    Usually I enjoy reading your posts. This one? Sorry, I don't understand the importance of this exercise. My preference is to focus on the quality of the company, it's dividend metrics, value at purchase, etc.

    Over the last twelve months, my monthly dividend income varied by up to 39.49% low month to high month. If I am unable to budget for variances, shame on me.

    Even if one were to construct a portfolio that initially paid exactly the same amount each month, over time, variance would creep in due to differing dividend increase rates and percentages. What then?
    Sep 17, 2015. 10:10 AM | 2 Likes Like |Link to Comment
  • How I Created My Portfolio Over A Lifetime - Part II [View article]

    You mention real estate and the fact you own individual properties. Do you also own REIT's? If YES, do you consider those as stocks or real estate? Thanks
    Sep 12, 2015. 10:09 AM | 3 Likes Like |Link to Comment
  • How I Created My Portfolio Over A Lifetime - Part II [View article]

    Thanks for this series.

    Regarding VFIIX as a place to park cash: I like your idea but wonder about the practical logistics? Do you own VFIIX at the brokerage where you maintain your portfolio? If so it would seem very easy to sell some VFIIX whenever you want to make a new investment (a few minutes on one website and you're done.)

    Or, perhaps the VFIIX is held by Vanguard? In that case you contact Vanguard to liquidate some, transfer it (check? wire?) to your broker, and settle your new purchase?

    I am at the stage of life where I am trying to make things simpler AND rational ~ not always the same thing.
    Sep 12, 2015. 10:02 AM | 1 Like Like |Link to Comment
  • Equity CEFs: Your Best Market Moves In Closed-End Funds [View article]
    linda49 / Harvey,

    Completely agree with you about the value of Doug's articles.

    Your comment about the 'dust settling' gave me a chuckle. The other day in another SA comment stream someone noted the reality that the dust never really settles - there is always something. Anyway, the commentator opined that the footman never appears and announces (paraphrasing) "Your lordship, the dust has settled." ;-)
    Sep 6, 2015. 05:49 PM | 2 Likes Like |Link to Comment
  • Equity CEFs: Your Best Market Moves In Closed-End Funds [View article]

    Thank you for another informative and useful article. Your generosity of time and knowledge is much appreciated.
    Sep 5, 2015. 09:48 PM | 2 Likes Like |Link to Comment
  • Top 10 Consumer Staple Stocks For Dividend Growth And Income [View article]

    Another well done article. I seem to read most (all?) of your stuff and thought I was following you. Wrong!

    That over-site has been fixed!
    Sep 5, 2015. 12:12 PM | 1 Like Like |Link to Comment