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  • Tax-Loss Harvesting For BDCs [View article]
    RSI for PSEC is currently ~14. The comment above is seriously out of date.
    Dec 8, 2014. 01:47 PM | 1 Like Like |Link to Comment
  • 48 MLPs For Income: Are The 10% To 20% Yields For Real, Or Too Good To Be True? Part 4 [View article]
    Wells Fargo produces excellent MLP research.
    Dec 7, 2014. 12:17 PM | 1 Like Like |Link to Comment
  • Oil Prices Will Rise Based On Fundamentals And Geopolitics [View article]
    elliot,

    We have seen many midstream bargains in the selloff spasms and I expect we will see more. Always keep dry powder for times like these.
    Dec 7, 2014. 01:59 AM | Likes Like |Link to Comment
  • Dividend Growth's Not-So-Nifty Fifty [View article]
    Higher than CDs?
    Dec 6, 2014. 01:45 PM | 3 Likes Like |Link to Comment
  • Is This THE Fund For Dividend Growth Investors? [View article]
    Is DGI the blue pill or the red pill?
    Dec 6, 2014. 12:25 PM | 3 Likes Like |Link to Comment
  • Reinvesting Dividends Turbo-Charges Total Returns And Helps Protect Against Market Panic [View article]
    My guess is that 'average' is used so that unsophisticated investors will not be put off by 'compound' or 'geometric mean'. I also think (without checking) that the SEC has a definition for 'average annual return' that really means compound average.
    Dec 5, 2014. 05:48 PM | Likes Like |Link to Comment
  • 48 MLPs For Income: Are The 10% To 20% Yields For Real, Or Too Good To Be True? Part 4 [View article]
    I think there is a big survivability difference between the two. The midstreamers will not have a problem, unlike some of the E&P names.

    As for 'going after', that is another story entirely. The midstreamers are being sold almost as hard as the upstreamers, and creating some excellent bargains.
    Dec 5, 2014. 03:16 PM | Likes Like |Link to Comment
  • 48 MLPs For Income: Are The 10% To 20% Yields For Real, Or Too Good To Be True? Part 4 [View article]
    arthur,

    Which category of MLPs? E&P, or midstream, or both?
    Dec 5, 2014. 03:06 PM | Likes Like |Link to Comment
  • Reinvesting Dividends Turbo-Charges Total Returns And Helps Protect Against Market Panic [View article]
    I cannot believe I left out the most important point. (sigh) Morningstar reports 10 year total return of VWINX as 7.38%. Therefore, Morningstar is reporting CAGR, not AAR, and so is Vanguard.
    Dec 5, 2014. 02:58 PM | Likes Like |Link to Comment
  • Reinvesting Dividends Turbo-Charges Total Returns And Helps Protect Against Market Panic [View article]
    David,

    That formula by itself cannot be the whole story for any period longer than one year. In the example of 10% growth compounded for two years, the total growth (which is what your Morningstar quote says) is 21%. Clearly Morningstar is not reporting that. They are converting total growth to an annual number, but not saying so. The question is, which method, arithmetic or compound?

    longrundata reports the same numbers as Morningstar, and in addition they report the total ending value of your investment. You can use their result along with a CAGR calculator to determine what formula longrundata is using, and by extension the same for Morningstar.

    Using VWINX as an example, if you use longrundata to compute the 10 year ending value of a $1000 initial investment, you get $2041, with CAGR of 7.39%. The CAGR calculator here http://bit.ly/10vdm5X computes the CAGR as 7.4%.

    This tells me that Morningstar reports CAGR for VWINX.
    Dec 5, 2014. 02:46 PM | Likes Like |Link to Comment
  • Dividend Growth's Not-So-Nifty Fifty [View article]
    BoomBoom,

    I do not know.

    The implied point is that, in contrast to all of the funds that I have seen mentioned favorably in articles and comments as dividend growers and which all reduced their dividends, most of the Dividend Champions, for example, increased their dividends.
    Dec 5, 2014. 02:09 PM | 3 Likes Like |Link to Comment
  • Reinvesting Dividends Turbo-Charges Total Returns And Helps Protect Against Market Panic [View article]
    When I checked the data on the Vanguard web site, I did not notice that the table with the total return data for VWINX is labeled "Average annual returns". I am sure that this mis-labeling is causing a lot of misunderstandings, because the numbers are not AAR, they are CAGR. Unless, as I said above, both longrundata and Morningstar are reporting AAR, which I do not believe.
    Dec 5, 2014. 01:52 PM | Likes Like |Link to Comment
  • Reinvesting Dividends Turbo-Charges Total Returns And Helps Protect Against Market Panic [View article]
    Larry,

    I compared the 10 year total return of VWINX as reported by 3 sources: Vanguard, longrundata, and Morningstar. They are all virtually identical. On the assumption that longrundata and Morningstar are reporting CAGR, then Vanguard is also reporting CAGR.

    I have not researched what other fund companies do.
    Dec 5, 2014. 01:21 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: What Worries Me The Most [View article]
    durianjerky,

    I noticed that omission also. However, they also did not disavow their earlier commitment. I'm not really sure what to make of it.

    If some of the small, highly leveraged E&P entities go bankrupt, I doubt that KMI will notice. Emphasis on 'small'.
    Dec 5, 2014. 01:11 PM | Likes Like |Link to Comment
  • Dividend Growth's Not-So-Nifty Fifty [View article]
    The IER (income expense ratio) of SVAIX is 14.3%, which is a lot higher than their quotes expense ratio of 0.80%.

    According to longrundata, SVAIX decreased its dividend in 2008 and again in 2009. SVAIX is definitely NOT a dividend growth fund.

    FDSAX decreased its dividend in 2009 and again 2010. Also not a dividend growth fund.
    Dec 5, 2014. 01:04 PM | 2 Likes Like |Link to Comment
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