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  • Rising Interest Rates And BDCs: Part 2 [View article]
    NV_GARY,

    (NYSE:HTGC) is one of the strongest BDCs price-wise, if not the strongest. Nothing goes up forever, so what we are seeing today is some short term profit taking along with a simple pause. Price action like today's can be a buying opportunity for a stock like (HTGC).
    Aug 8, 2014. 12:35 PM | Likes Like |Link to Comment
  • Rising Interest Rates And BDCs: Part 2 [View article]
    leehoffman,

    The type of information you want to see is typically not available to the public. BDCs invest mostly or entirely in small and medium sized private firms, thus no public disclosure. It is the primary job of BDC managements to evaluate their clients, i.e. perform underwriting, and then offer significant managerial assistance to their clients. BDCs are under no obligation to disclose their underwriting standards to the level of detail that you want, and if they do not, there is no way for BDC Buzz or any other analyst to scrutinize it.
    Aug 6, 2014. 03:23 PM | 6 Likes Like |Link to Comment
  • Dividend Growth BDCs For Q3 2014: Total Return Part 5 [View article]
    Preferred Research,

    >Company is not described as a BDC...<

    Yes it is.

    Look at the latest 10-Q, p 14, section 1: "TPG Specialty Lending, Inc. (“TSL” or the “Company”) is a Delaware corporation formed on July 21, 2010. The Company was formed primarily to lend to, and selectively invest in, middle-market companies in the United States. The Company has elected to be regulated as a business development company (“BDC”) ..."
    Aug 5, 2014. 07:59 PM | 1 Like Like |Link to Comment
  • Show Me The Money: The Perils Of REIT ETF Investing [View article]
    aretailguy,

    >Seems like Brad did mean never CUT a dividend.<

    If he did then he ignored the cut to zero in 2001, which is exactly my point.
    Aug 5, 2014. 01:35 AM | Likes Like |Link to Comment
  • Show Me The Money: The Perils Of REIT ETF Investing [View article]
    Rebel,

    Brad said this above:

    >The most important attribute for my 3D portfolio is that the companies included must have NEVER cut a dividend and the companies must have been around prior to the Great Recession.<

    How could he have truly meant this and included OHI in his 3D portfolio? NEVER means NEVER.
    Aug 4, 2014. 11:38 PM | 1 Like Like |Link to Comment
  • Show Me The Money: The Perils Of REIT ETF Investing [View article]
    student,

    ;-)
    Aug 4, 2014. 04:04 PM | Likes Like |Link to Comment
  • Show Me The Money: The Perils Of REIT ETF Investing [View article]
    student,

    There is no discrepancy. The CCC list shows that OHI paid no dividend in 2001 and 2002 (shown in red).
    Aug 4, 2014. 02:56 PM | Likes Like |Link to Comment
  • Show Me The Money: The Perils Of REIT ETF Investing [View article]
    Brad,

    Why is (NYSE:OHI) in your 3D portfolio? It paid $1 dividend in 2000 and then no dividend in 2001 and 2002. This should disqualify it. Source: OHI web site: http://bit.ly/1ieZZSi

    You had me thinking about subscribing to your newsletter until I saw this.
    Aug 4, 2014. 01:42 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Buy The Dips Portfolio Update With Some Stocks On Sale [View article]
    sudburyjakes,

    That is similar what I do - I set the current yield cells to turn green when the number meets or exceeds my buy threshold.
    Aug 3, 2014. 02:22 PM | Likes Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment [View article]
    jpmist,

    The Financing Rate accrues over a year and reduces the indicative value as it is accrued. It is currently priced at 0.40% + 3 month LIBOR. You are correct that it will affect the ETN's return. I am not the financial whiz that Lance Brofman is so I won't stick my neck out and try to compute how much this might affect your results, but affect them it will. Possibly the amount of net leverage might be something to start with?

    3 month LIBOR is not at the top of my list of risks. At the top is the possibility of automatic acceleration i.e. forced cashout.
    Aug 2, 2014. 03:29 PM | 2 Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio Delivers 8.8% Of Income For This Retiree [View article]
    I own small amounts of two hybrid mREITs, (NYSE:DX) and (NYSE:TWO). I am satisfied with the dividends over the last several years, and since I did not buy them for capital gains, it doesn't bother me that they are both priced below where I bought them. Between them they generate about 4.5% of my dividends.

    Like you, I do not reinvest any mREIT dividends. I use the income to increase positions in other companies with lower but more stable yields. I own them in my IRAs and so far I have not had to take any distributions.

    I frequently review my reasons for holding everything in my portfolio. As pure income vehicles, mREITs have worked for me, but I also look for better ideas and I am not married to them. Just for example, the 2x leveraged ETNs from UBS have a lot of promise and I own small amounts of several, and it could happen that I sell some or all of my mREITs in favor of some of these ETNs.
    Aug 2, 2014. 03:16 PM | Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio Delivers 8.8% Of Income For This Retiree [View article]
    The mortgage REITs that went bankrupt were investors in non-agency mortgages. When the financial crisis hit, their mortgage portfolios, which were not backed by federal guarantees, lost much of their value, and as a result they received margin calls on their short term borrowings. Thornburg Mortgage was typical.

    Sweeping generalizations based on only those mREITs that failed miss the mREITs that did not fail, for example NLY and CMO, and the important reason why they did not fail - they invest in agency paper. The value of their mortgage portfolios was not negatively affected by the crisis and they did not receive margin calls.
    Aug 2, 2014. 10:21 AM | 1 Like Like |Link to Comment
  • I'm Not Selling Anything, I'm Buying Everything [View article]
    Thank you for that clarification. I agree, aside from the stocks that I DRiP, all dividends are staying in cash and waiting for the charts to tell me when to buy.
    Jul 31, 2014. 12:56 PM | Likes Like |Link to Comment
  • Total Return BDC Portfolios For Q3 2014 [View article]
    Look at this chart that compares BDCL to ARCC. BDCL price action closely follows ARCC (by 2x of course), and ARCC technical indicators have given good buy signals for BDCL.

    http://on.mktw.net/1qN...

    The best buy signals on this chart is when the MACD of ARCC is below -0.2, and RSI is below 30. MACD below -0.3 happened once and that was the start of an 8 month up trend in BDCL.
    Jul 31, 2014. 11:36 AM | Likes Like |Link to Comment
  • Altria Is The Best Dividend Growth Stock For Income Investors, I Rate Altria A Buy [View article]
    bullsbearspigs,

    The technical indicators will tell you. Look at this 2 year chart of MO. When MACD is less than -0.5, that is an excellent price. When RSI is also under 20, that is a fantastic price.

    These opportunities are rare. You must be patient and persistent.

    http://bit.ly/1s71vd8

    MO is clearly in a topping pattern. Notice the big one day selloff with a gap in mid July. The 41 level is being tested today. I expect another buying opportunity fairly soon. It is of course impossible to know when, but with market seasonal weakness fast approaching, it could happen in the Sept - Oct time frame.
    Jul 31, 2014. 11:10 AM | 1 Like Like |Link to Comment
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