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  • Retirement Strategy: My Exclusive 2015 Portfolio For Seeking Alpha Is Ready Right Now [View article]
    RS,

    I am unclear on how you decide the percentage of your money that goes into each position. Maybe I missed it?

    You are not putting equal dollars into each position, and not receiving equal income from each position. It looks a bit random to me. Any clarification will be appreciated.
    Dec 20, 2014. 08:11 PM | 2 Likes Like |Link to Comment
  • Retirement Strategy: My Exclusive 2015 Portfolio For Seeking Alpha Is Ready Right Now [View article]
    What do bear markets, panics, and corrections have to do with dividend income?
    Dec 20, 2014. 07:58 PM | 3 Likes Like |Link to Comment
  • Will ETRACS 2x High Dividend, Low Volatility ETN Really Return Either? [View article]
    Stanford, Left:

    I have reached the same conclusion regarding weighted average volatility of a portfolio. Ditto beta. My comment above that included weighted average beta and STD preceded this conclusion.
    Dec 19, 2014. 01:23 PM | Likes Like |Link to Comment
  • Busting Myths About Individual Bonds [View article]
    There is a type of bond fund that does not expose you to loss of principal (other than default). I am speaking of the fixed maturity bond ETFs - Guggenheim BulletShares, iShares iSharesBond and Fidelity DMF products. They come in various maturities and various styles. Have you looked into any of these?
    Dec 18, 2014. 03:57 PM | Likes Like |Link to Comment
  • An Intelligent Way To Think About Healthcare Trust Of America's Reverse Stock Split [View article]
    Wells Fargo did it without cost.
    Dec 18, 2014. 03:27 PM | Likes Like |Link to Comment
  • Managing Risk To Help Achieve Long-Term Goals [View article]
    If you are concerned about price volatility of individual stocks then beta can be a very misleading measure. It is a comparison of one data series in relation to another, and it can be very misleading. For example, the price of gold (GLD) has a low beta (0.79), but twice the standard deviation of SPY.

    Standard deviation is a measure of the average change of a data series, without reference to any other data series. The average change in the price of GLD is twice the average change in the price of SPY, even though its beta could lead you to believe that its average price change was somehow less than that of SPY.

    When analyzing volatility of individual stocks, I completely ignore beta. If I want to own a stock at a beaten down price, beta will not tell me the likelihood of price moving down to my buy target, but standard deviation will.
    Dec 18, 2014. 02:01 PM | 1 Like Like |Link to Comment
  • An Intelligent Way To Think About Healthcare Trust Of America's Reverse Stock Split [View article]
    Morningstar is another that has not adjusted the yield correctly.
    Dec 18, 2014. 01:14 PM | Likes Like |Link to Comment
  • Why You Should Not Sell Your Oil Stocks At A Loss [View article]
    Wisdom,

    A story from the front lines is worth much more than my opinion or your opinion or anyone else's opinion, except those commenters who are also on the front line, i.e. actual oil well owners. Thanks for that link! ;-)
    Dec 18, 2014. 12:45 PM | 2 Likes Like |Link to Comment
  • Applying Graham's Stock Selection Criteria To Dow Jones Utilities [View article]
    Modern Portfolio Theory
    Dec 18, 2014. 11:53 AM | Likes Like |Link to Comment
  • Oil Doomsayers Were Wrong In 2009: 4 Reasons Why They Are Wrong Now [View article]
    This is what al-Naimi said: http://bloom.bg/13zHqFt
    Dec 17, 2014. 06:40 PM | Likes Like |Link to Comment
  • Graham's Stock Selection Criteria Revisited [View article]
    Creative destruction at work. No company is immune, but Graham's methods help minimize possible damage.
    Dec 17, 2014. 02:09 PM | Likes Like |Link to Comment
  • Applying Graham's Stock Selection Criteria To Dow Jones Utilities [View article]
    I am reading Security Analysis for the first time. I am maybe 1/10 of the way through and I have already found some real nuggets:

    "In other words, the market is NOT a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism, in accordance with its specific qualities. Rather should we say that the market is a voting machine..."

    My emphasis. The belief that Graham said the market IS a weighing machine is an urban legend, popularized by Warren Buffett.

    "If strict logic were followed in financial operations - a very improbable hypothesis! - the common practice would be reversed: the safer (investment) issues would be considered more suitable for marginal purchase, and the riskier (speculative) commitments would be paid for in full."

    "For investment, the future is essentially something to be guarded against rather than to be profited from.... Speculation, on the other hand, may always be properly - and often soundly - derive its basis and its justification from prospective developments that differ from past performance."

    “In its complete subordination of the income element to the desire for profit, and also in the prime reliance it places upon favorable developments expected in the future, the new-era style of investment ... is practically indistinguishable from speculation.”

    This was written before MPT was invented. Graham did not mention MPT in 'The Intelligent Investor'. One can only wonder what he thought of it.
    Dec 17, 2014. 01:57 PM | Likes Like |Link to Comment
  • Applying Graham's Stock Selection Criteria To Dow Jones Utilities [View article]
    "At the current extremely low levels, interest rate have nowhere to go but up, which will not hurt bonds, as I wrote in a previous article,"

    I think you meant that bonds WILL be hurt.
    Dec 17, 2014. 12:46 PM | Likes Like |Link to Comment
  • Graham's Stock Selection Criteria Revisited [View article]
    BlueOkie,

    A number of BDCs are below BV.
    Dec 17, 2014. 12:18 PM | Likes Like |Link to Comment
  • Why You Should Not Sell Your Oil Stocks At A Loss [View article]
    Distribution in kind changes basis and does not involve any commissions because there are no transactions. Talk to your broker for details.
    Dec 16, 2014. 10:05 PM | Likes Like |Link to Comment
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