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  • BDCL Attractive With 21.5% Yield And Deep Component Discounts To Book Value  [View article]
    goofus,

    You are correct about the next Monthly Valuation Date, pending the next announcement by UBS. However, I am not sure about your question. If you are asking about the -60% threshold for January 2016 (this month), then you need to look at the December 2015 Monthly Valuation Date, which was December 30.

    On Dec 30 2015, the Wells Fargo BDC Index closed at 712.7804. A decline of -30%, equivalent to -60% in the ETN, would put the index at 498.946. The low this month so far was on Jan 20, at 607.5488. That is a loss of -14.76%, or -29.5% in the ETN. As I write this comment the index is at 661.3269.

    Index quotes are here: http://tinyurl.com/zyn...
    Index chart is here: http://tinyurl.com/hzk...
    Jan 26, 2016. 12:49 PM | Likes Like |Link to Comment
  • An (Old) Way To Pick (New) Stocks  [View article]
    Do you know which companies on your list have never reduced their dividend? I know that GIS is one, but I don't know if any others qualify.
    Jan 26, 2016. 12:32 PM | Likes Like |Link to Comment
  • Explaining The Action In MLPL  [View article]
    It is late in the day, but you can get current Alerian MLP Infrastructure Index quotes from bigcharts. The symbol is XX:AMZI.ID. No need to wait for the Alerian web site. Quote for Jan 20: http://tinyurl.com/zdo...
    Jan 25, 2016. 08:38 PM | 2 Likes Like |Link to Comment
  • Investing For Retirement Using mREITs And BDCs  [View article]
    If MAIN were to take over management of PSEC's portfolio, the first thing they would do is dump the CLOs, the consumer lending, and the real estate. Then the discount would disappear.
    Jan 25, 2016. 07:27 PM | 1 Like Like |Link to Comment
  • Investing For Retirement Using mREITs And BDCs  [View article]
    Yes: http://tinyurl.com/j6f...
    Jan 25, 2016. 07:25 PM | Likes Like |Link to Comment
  • When The Stock Market Bounces, Rallies Should Be Sold  [View article]
    William,

    "While the S&P 500 Index has not undercut its August 2015 lows yet..."

    Wrong. You are using the wrong chart setting in your second chart. The low of $180.38 is adjusted for dividends. The actual low on that date was $182.40[1]. That low was surpassed on Jan 20.

    Do you see the chart setting that changed? To get accurate historical prices from stockcharts.com, precede the symbol with the underscore character, e.g. _SPY

    [1] http://schrts.co/9WUQyG
    Jan 22, 2016. 11:37 AM | 4 Likes Like |Link to Comment
  • 2016 Market Meltdown - Panic Time?  [View article]
    T not anywhere near an all time high, but it is close to a 12 month high[1].

    [1] http://tinyurl.com/jqv...
    Jan 22, 2016. 10:29 AM | Likes Like |Link to Comment
  • Top REIT Ideas For 2016 - Shining The Spotlight On Brick And Mortar Blue Chips  [View article]
    Robert,

    There are a number of other quality REITs that have performed as well as or better than FRT over the last decade, both for total return, and for income generated and not reinvested: DLR, ESS, LTC, NNN, O, PSA, SKT, VTR.
    Jan 21, 2016. 05:07 PM | 1 Like Like |Link to Comment
  • Ventas Can Drive For Show And Putt For Dough  [View article]
    goose56,

    VTR spun off CCP which resulted in a drop in assets. However, if you account for the lost assets, VTR actually raised its dividend.
    Jan 21, 2016. 02:16 PM | 2 Likes Like |Link to Comment
  • BDCL Attractive With 21.5% Yield And Deep Component Discounts To Book Value  [View article]
    Mike28 Yang,

    Yes, I used the wrong numbers. I analyzed BDCL rather than its index, the Wells Fargo BDC Index. My mistake.

    The change of 30% is from the valuation date at the end of the previous month, in this case Dec 30 2015, to the low point in the succeeding month, in this case January 2016.

    However, it is your responsibility to verify what you read here. If you really want to understand BDCL you must read and read thoroughly its product supplement. Nothing less will do.
    Jan 21, 2016. 01:18 PM | Likes Like |Link to Comment
  • BDCL Attractive With 21.5% Yield And Deep Component Discounts To Book Value  [View article]
    Mike28,

    The numbers I quoted were for BDCL, not the index. BDCL is down nowhere near 60%. Duh (head slap)
    Jan 21, 2016. 11:56 AM | Likes Like |Link to Comment
  • BDCL Attractive With 21.5% Yield And Deep Component Discounts To Book Value  [View article]
    Mike28 Yang,

    30% refers to the linked index. On a comparative basis the ETN will be down 60%. That is what happened to MLPL. BDCL is linked to the Wells Fargo BDC Index, which is down this month from 15.96 on 12/30/15 to yesterday's intra day low of 10.71, which is a change of -33%. BDCL should also be automatically accelerated according to my calculation.
    Jan 21, 2016. 11:53 AM | Likes Like |Link to Comment
  • Are You Experienced?  [View article]
    Those charts are all from StockCharts.com, which adjusts all prices for splits AND DIVIDENDS. Those are not actual historical prices, as you pointed out. They represent total return. If you use charts to identify support and resistance levels, adjusted prices are misleading. Not saying the author has done this, but it is confusing to represent adjusted prices as if they were historically accurate.

    To get a true picture of price history, you must precede the stock symbol with the underscore character, i.e. _T.
    Jan 20, 2016. 10:43 PM | 3 Likes Like |Link to Comment
  • Are You Experienced?  [View article]
    Q: Are you experienced?
    A: Yes. But ...

    This is the first market panic in which I have been both a) fully armed with all the information now available, and b) equipped with an investing plan that is ready for this situation.
    Jan 20, 2016. 05:38 PM | 1 Like Like |Link to Comment
  • BDCL Attractive With 21.5% Yield And Deep Component Discounts To Book Value  [View article]
    MORL is newer by about 1.5 years. BDCL and MLPL are the oldest, and neither has a split option. I think it is only the newer that have this feature.
    Jan 20, 2016. 02:21 PM | 1 Like Like |Link to Comment
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