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  • Is Altria's Dividend Still Safe? [View article]
    An aunt of mine died from emphysema caused by a lifetime of exposure to second hand smoke. She was one of many victims of smokers. I quit smoking after I witnessed the graphical effect that emphysema has on a lifetime smoker.

    When I bought shares of MO, the money did not go into MO's coffers. It went into the pockets of some other investor. Further, MO actively buys its own shares. The net is that investors are not providing capital to MO and have not done so for a long time. I certainly have not, and I am not responsible for the actions of the original investors.
    Apr 12, 2015. 11:24 AM | Likes Like |Link to Comment
  • Is Altria's Dividend Still Safe? [View article]
    rich,

    What you say makes perfect sense.
    Apr 12, 2015. 10:55 AM | Likes Like |Link to Comment
  • $48k Per Year With A Half A Million Portfolio [View article]
    WmHilger1,

    "why not do as I do"

    My attempts are invariably wrong. Sigh. :-(
    Apr 12, 2015. 10:48 AM | 2 Likes Like |Link to Comment
  • $48k Per Year With A Half A Million Portfolio [View article]
    My portfolio is similar, but I have the C corps and MLPs in my non-qualified account. I get qualified dividends and tax deferred MLP distributions where there is the potential for current taxes. This keeps my effective tax rate low. It is not negative, but it is almost as negligible at ~5%. I invariably pay too much quarterly estimated tax.

    The higher yielders are all in my RIRA and TIRA. Taxes are limited to the rate on the RMDs.
    Apr 11, 2015. 05:08 PM | 1 Like Like |Link to Comment
  • $48k Per Year With A Half A Million Portfolio [View article]
    If we get 5% on Treasuries then we will be back to the wage / price spiral of stagflation. Not only do we not have the labor pricing power we had then - labor unions have been emasculated and work force participation is shrinking - but we also have falling commodity prices, ever rising automation causing the destruction of high paying jobs, export of high paying jobs to low wage countries, and, among many other factors, the loss of a lot of well paid energy jobs.

    I see no future for 5% Treasuries.
    Apr 11, 2015. 01:14 PM | 6 Likes Like |Link to Comment
  • Top 10 BDC Issues For 2015: Part 3 [View article]
    Is management also paying you a hefty fee that is far in excess of the value of your investment?
    Apr 11, 2015. 11:29 AM | Likes Like |Link to Comment
  • Why The American Dream Is Becoming An Illusion [View article]
    Over the long term, real estate appreciates at the rate of inflation. Not like cars at all.
    Apr 11, 2015. 10:40 AM | Likes Like |Link to Comment
  • Is Altria's Dividend Still Safe? [View article]
    The 10-K filed by PM makes no mention of the MSA and does not use any language that even hints at the MSA.

    The 10-K filed by MO references the MSA: "In November 1998, PM USA and certain other United States tobacco product manufacturers entered into the MSA..."

    This wording makes no mention of Philip Morris International.

    IMO, PM is not burdened by the MSA.
    Apr 11, 2015. 02:36 AM | Likes Like |Link to Comment
  • The Tale Of 2 Cheaply Valued Net Lease REITs [View article]
    Bought some LXP today at $.02 above the day's low. If it goes lower, I have more dry powder and will buy more.
    Apr 10, 2015. 07:49 PM | Likes Like |Link to Comment
  • Is Altria's Dividend Still Safe? [View article]
    gmansour,

    The MSA supplied by Dividends#1 says nothing about ending in 2022. It specifically says that the payments will continue in perpetuity. If you have information that says otherwise then please supply a link. Simply stating that payments will end in 2022 proves nothing.
    Apr 10, 2015. 07:47 PM | 2 Likes Like |Link to Comment
  • Is Altria's Dividend Still Safe? [View article]
    If they were legal then the situation would be no different from what we now have with tobacco. Customers could not believably claim they had been duped. Customers, and not the owners, would support the companies.

    The dividends would at least in part repay the owners for their elevated health care costs. That would not bother me at all.
    Apr 10, 2015. 06:45 PM | Likes Like |Link to Comment
  • Several Dividend ETFs Slash Their Dividends By Up To 22% [View article]
    Levi's - correct.
    Apr 10, 2015. 02:25 PM | 2 Likes Like |Link to Comment
  • REIT ETF/ETN Showdown: REM Vs. MORL [View article]
    BigCharts had it down -0.88% also (or something like that, I don't remember exactly). BigCharts always adds in the dividend when it calculates the net change on an x-div date.
    Apr 10, 2015. 02:23 PM | 1 Like Like |Link to Comment
  • Why The American Dream Is Becoming An Illusion [View article]
    Peter Palms,

    You left out one important feudal class - priests. They were the knowledge workers of the time, since almost everyone who could read was a priest*. The knights were low ranking lords. Today they would be middle management.

    * Charlemagne was illiterate, as were almost all lords.
    Apr 10, 2015. 01:23 PM | Likes Like |Link to Comment
  • Is Altria's Dividend Still Safe? [View article]
    D#1,

    Look at the Notes worksheet in the CCC spreadsheet. The first note explains the distinction.
    Apr 10, 2015. 11:49 AM | Likes Like |Link to Comment
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