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  • 'The Death Of The 'Millionaire Next Door' Dream' - A Reply [View article]
    It depends on how demanding you primary job is. Mine was so demanding that I had no mental energy left for anything else. I couldn't have held down a second job. If I had I would probably be dead by now.
    Mar 25, 2015. 02:55 PM | 1 Like Like |Link to Comment
  • 'The Death Of The 'Millionaire Next Door' Dream' - A Reply [View article]
    oslo,

    I go back to when 2nd generation computers ruled (before mainframes for those of you who don't know), and my wife worked with wiring boards. I was a computer programmer back then, and so was she. It took a working lifetime combined with continuous technical self improvement to be able to retire comfortably with no debts. My son went to technical college, earned a computer science degree, and is now a software engineer with a job that pays a lot more than minimum wage, and his skills are in high demand.

    My story has a lot in common with the entrepreneur who has some advanced education but did it on his own. When I was in college there was no computer science program, so I learned it all on the job.
    Mar 25, 2015. 02:49 PM | 1 Like Like |Link to Comment
  • 'The Death Of The 'Millionaire Next Door' Dream' - A Reply [View article]
    In the part of the world where I live, there are a lot of millionaires next door, and their number keeps growing. Their secret? Software engineering. This is a field with ever expanding opportunities, but nor for the 'average guy'. There is a survivorship bias of a sort but not the kind Hiltzik refers to. Only the most capable survive: the nerds.
    Mar 25, 2015. 04:00 AM | 8 Likes Like |Link to Comment
  • The Dividend Aristocrats: Create Your Own Portfolio Or Invest In NOBL? (Part 2) [View article]
    six,

    Before 1999-2001 there was Black Monday, October 19, 1987. EMT cannot explain that away, either.
    Mar 25, 2015. 02:34 AM | 1 Like Like |Link to Comment
  • MORL March Dividend To Bring Yield To 24%, Yellen Holds The Key To The Future [View article]
    perfchart comparing REM to MORL[1], using stockcharts.com total return calculation (prices adjusted for dividends and splits). On this basis I do not see any price decay caused by leverage reset.

    perfchart comparing REM to MORL[2], price return only. Notice the underscore preceding each stock symbol.

    perfchart comparing MORL to MORT[3] using total return.

    You can click on the tab for any of the symbols to convert that symbol's chart line to horizontal. Makes comparison somewhat easier.

    [1]http://bit.ly/1DUCNFI
    [2]http://bit.ly/1DUCNVW
    [3]http://bit.ly/1DUCNW2
    Mar 24, 2015. 02:22 PM | Likes Like |Link to Comment
  • MORL March Dividend To Bring Yield To 24%, Yellen Holds The Key To The Future [View article]
    SeatleView,

    If the index to which MORL is linked drops 30%, will MORL drop 60%?

    The answer is yes if the time period is 1 month or less. If that happens, MORL owners will be forcibly cashed out since this is one scenario in which automatic acceleration will occur.

    If the time period exceeds 1 month, the answer is no, and the amount by which MORL will drop will be less that 2x. You can see this happen in the hypothetical examples in the MORL pricing supplement.
    Mar 24, 2015. 02:13 PM | 1 Like Like |Link to Comment
  • Share Accumulation Averaging Down In A Collapsed Sector: Play-By-Play [View article]
    For anyone who is interested, this [1] is a link to a perfchart that compares spot WTI to BBEP, LGCY, and LINE. If you are not familiar with stock symbols on stockcharts.com, the symbol alone (i.e. BBEP) gives you price adjusted for dividends and splits. The symbol preceded by underscore (i.e. _BBEP) gives you non-adjusted price.

    [1] http://bit.ly/1HxGX3X
    Mar 24, 2015. 01:42 PM | Likes Like |Link to Comment
  • Share Accumulation Averaging Down In A Collapsed Sector: Play-By-Play [View article]
    MAYHAWK,

    The downside of owning AMLP is its expense ratio, currently at 8.56%. Why so high? AMLP is not a tax pass-through entity, unlike MLPs. It is taxed as a C corporation, as is every other ETF that has more than 25% of its assets in MLPs.
    Mar 24, 2015. 01:29 PM | Likes Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment: Updated [View article]
    COBeeMan - thanks.
    Mar 24, 2015. 01:09 PM | Likes Like |Link to Comment
  • Mr. Valuation's Best Ideas For Retirement And Dividend Growth Portfolios: Emerson Electric [View article]
    The exchanges automatically adjust outstanding purchase limit orders on the ex-dividend date by the amount of the dividend, unless instructed not to do so.

    You may notice on quote services that the net change in price on the ex-dividend date from the prior close includes the amount of the dividend. The net change is adjusted up by the dividend amount.

    Independently of these adjustments, the free market auction process determines all prices paid.
    Mar 23, 2015. 12:58 PM | 3 Likes Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment: Updated [View article]
    wwu124,

    "why should any person read and follow your investment idea."

    Nobody 'should' do anything. People CAN read D#1's articles for ideas and analysis, and reach their own conclusions. There is no prescription in these articles, only description.
    Mar 23, 2015. 12:40 PM | 1 Like Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment: Updated [View article]
    SeatleView,

    In all the charts at stockcharts.com, if you enter the symbol, you get price adjusted for splits and dividends. This is not readily apparent, but you can prove it to yourself by preceding the symbol with the underline character. Try a sharpchart with MORL, then another with _MORL. Big difference. Same with a perfchart. http://bit.ly/1HneuxL

    I am not convinced that adjustment for dividends captures the full effect of reinvestment for total return. I would have to build a spreadsheet to compare. So far it hasn't been worth the trouble. But it is a better approximation of total return than simply looking at price return.
    Mar 23, 2015. 12:23 AM | 1 Like Like |Link to Comment
  • A Quick Overview Of UBS ETRACS 2X Leveraged ETNs [View article]
    Fees are more than that. You must include 3 month LIBOR, which currently is 0.26455% [1], for total fees of 1.51455%. 3 month LIBOR is very low now, but it has been much higher in the past [2] and could grow to cause a material drag on these ETNs in the future.

    Average volume is 4100. It looks like there was exactly one trade last Friday.

    This could be a good way to get some total return if you can actually get a trade during a market panic.

    [1] http://bit.ly/1OpaAJZ
    [2] http://bit.ly/1OpaAK3
    Mar 23, 2015. 12:10 AM | 1 Like Like |Link to Comment
  • Mr. Valuation's Best Ideas For Retirement And Dividend Growth Portfolios: Emerson Electric [View article]
    SkiDad13,

    I compute dividend growth rates based on comparing the most recent period's dividend (quarter, month, whatever) to the dividend paid in the corresponding period either 1, 3, or 5 years ago. Using this method, and the correct dividend of $0.335 paid in the corresponding period 5 years ago, the CAGR is 7.007%, which was mentioned above.

    I usually rely on Morningstar for bulk statistics of the various portfolios I track, so if I had not actually run the numbers myself in a spreadsheet, I would not have known that the 5 year CAGR reported by Morningstar as 5.44% is serious off the mark.

    I keep a 5 year dividend history on every stock I own, so I am not reliant on the sometimes questionable dividend histories on web sites like dividend.com or Yahoo Finance. Even Morningstar and FAST Graphs are not always correct, and RAS's web site has been known to harbor the occasional mistake. Nobody is perfect ;-) And sometimes I want a dividend history that is not on the CCC list or RAS's site, such as for George Schneider's Fill The Gap portfolio.
    Mar 22, 2015. 11:44 PM | 3 Likes Like |Link to Comment
  • Prospect Capital Corp.'s Dividend And NAV Sustainability Analysis (Post Fiscal Q2 2015 Earnings) - Part 2 [View article]
    mike elliott,

    The only **sustainable** long term help for FSC longs is a conversion to internal management. The hedge fund fee model used by the present management puts management's interest before owners' interest. I do not hold out hope for this conversion happening any time soon.
    Mar 22, 2015. 02:29 PM | 1 Like Like |Link to Comment
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