Seeking Alpha

Be Here Now

Be Here Now
Send Message
View as an RSS Feed
View Be Here Now's Comments BY TICKER:
Latest  |  Highest rated
  • Kinder Morgan Energy Partners: Do Not, Ever, Underestimate The Distribution Yield [View article]
    Morningstar addresses this issue with what they call 'investor returns', which they calculate separately from total returns, for mutual funds. Investor returns attempts to model actual behavior. The difference is material, with investor returns noticeably lagging total returns.

    For example, one of Vanguard's most successful funds over the long term is the Wellington Fund (VWELX). The 15 year total return (annualized) is 7.62%, but the 15 year investor return is 6.46%. That is a difference of -15%.

    Using this factor, if you think your long term return will be 5%, you might be wise to reduce your expectation to 4.25%.
    Apr 15 01:19 PM | 2 Likes Like |Link to Comment
  • The Kinder Morgan Conundrums--Part I [View article]
    You and I are having a misunderstanding. It was not my intent to say or imply that KMR is not allocated KMP's income and losses. It is. I was trying to answer your question:

    > So if none of KMP's income and deductions are allocated to the I-Units, and thus to KMR, who gets the allocation?

    by pointing out that your opening statement referred to taxable income.

    There are some taxable items, but they are minor compared to income. The TTM numbers are:

    net income before income taxes ($MM): 3485
    income tax provision: 164
    net income after income taxes: 3321

    So Arthur's statement applies to the vast majority of KMP income that is NOT taxable.
    Apr 15 11:28 AM | 1 Like Like |Link to Comment
  • 18% Yield On CEFL After April Dividend Increase [View article]
    Monthly. Read the Factsheet: http://bit.ly/1jHW5kS
    Apr 15 10:53 AM | Likes Like |Link to Comment
  • The Kinder Morgan Conundrums--Part I [View article]
    At one time my broker paid fractional shares as cash. I had to tell them to reinvest KMR. Once they did that, the fractional shares were paid as shares.
    Apr 15 10:43 AM | 4 Likes Like |Link to Comment
  • The Kinder Morgan Conundrums--Part I [View article]
    HaroldL,

    You missed the word 'taxable'. As long as KMP derives at least 90% of its income from qualified sources, it is not taxed at the entity level. So there is no taxable income to allocate to KMR.
    Apr 14 11:27 PM | 2 Likes Like |Link to Comment
  • Is It Safe? II: Leveraged ETN Yielding 18%. [View article]
    Do you mean that the 'Indicative Value quoted here is somehow bogus? http://bit.ly/1i0VuHg
    Apr 14 12:48 PM | Likes Like |Link to Comment
  • Should you hold MLPs in IRAs or 401(k)s? [View instapost]
    Overanalytical,

    You do not file a K-1, you receive a K-1 from your MLP. If you own the MLP in a non-qualified account, information from the K-1 goes into your tax return, and you keep the K-1 with your tax records.

    Here are some resources about owning an MLP in an IRA:

    http://bit.ly/Hlq1xS
    http://bit.ly/QL8RyS

    I suggest you google 'UBTI' and/or 'UBIT' and study the results. This is a complicated subject.
    Apr 14 12:40 PM | Likes Like |Link to Comment
  • Should you hold MLPs in IRAs or 401(k)s? [View instapost]
    April May,

    Wrong.

    REITs do NOT send K-1s, they send 1099s.

    REIT dividends are taxed mostly or totally as ordinary income, and they are dividends, not distributions. The tax regulations are very different.

    I own many of both.
    Apr 14 10:56 AM | Likes Like |Link to Comment
  • Retirement Strategy: Is Now The Time To Buy The Dips? [View article]
    finviz adjusts stock prices for dividends. If their lows are consistently lower than reported by others, that is the reason.
    Apr 14 10:50 AM | 1 Like Like |Link to Comment
  • Is It Safe? II: Leveraged ETN Yielding 18%. [View article]
    KRT,

    >Wouldn't the risk be less as an ETF

    Prof Brofman answered your question here:

    http://seekingalpha.co...
    Apr 14 10:41 AM | 1 Like Like |Link to Comment
  • China Slowdown Will Trigger Black Swan Event [View article]
    The author does say 'since 2014', which I initially took to be a typo. Not being a currency trader, I assumed the author was referring to that extended drop starting in 2010. But the uptick of the $ in 2014 may be what was intended, although it doesn't look like a large change to these untutored eyes.
    Apr 12 04:36 PM | 1 Like Like |Link to Comment
  • China Slowdown Will Trigger Black Swan Event [View article]
    MLP Trader,

    The name of the currency - USDCNY - seems to imply a ratio of USD / CNY. Do I understand this correctly? If so then your comment is spot on. The denominator is CNY, so if the ratio decreases, then CNY must be rising relative to USD.
    Apr 12 04:20 PM | 1 Like Like |Link to Comment
  • Is It Safe? II: Leveraged ETN Yielding 18%. [View article]
    The Product Supplement says this under 'Use of Proceeds and Hedging":

    >We will use the net proceeds we receive from the sale of the Securities for the purposes we describe in the attached prospectus under “Use of Proceeds”.<

    The Prospectus says this under 'Use of Proceeds':

    >We intend to use the proceeds from the sale of the securities to provide additional funds for our operations and for general corporate purposes outside of Switzerland.<

    Nowhere does UBS say what specifically it does with your invested cash. If you think UBS does, go back and read what it says very carefully.
    Apr 12 04:08 PM | Likes Like |Link to Comment
  • Periodic Table Of Dividend Champions [View article]
    nkemp,

    The error cleared when I actually followed the instructions. ;-)
    Apr 12 11:50 AM | Likes Like |Link to Comment
  • BDCs And The Russell Indices [View article]
    DD,

    I asked Lance Brofman for his opinion. I will copy it here if he responds.
    Apr 11 06:16 PM | 1 Like Like |Link to Comment
COMMENTS STATS
3,218 Comments
4,043 Likes