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Dale Mackey

Dale Mackey
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  • A High Income, Balanced CEF Portfolio With Reasonable Risk [View article]
    Take a look at M* analysis of this fund [$GOF].., it's dated I did and have held since original purchase...

    http://bit.ly/1Dn2cBw
    Apr 25, 2015. 12:36 PM | Likes Like |Link to Comment
  • Worried About Rising Rates? Here Are Some Alternatives [View article]
    ... or to invest in both (as I read the next paragraph), e.g. "have your cake and eat it too.."
    Mar 9, 2015. 11:23 AM | Likes Like |Link to Comment
  • Worried About Rising Rates? Here Are Some Alternatives [View article]
    Another more liquid and diversified investment lies in Powershares Variable Rate Preferred ETF ($VRP). I'm on the cusp of initiating a position. I struggle to invest in securities that trade fewer than 100,000 shares a day and I believe that a majority of the floating debt or hybrid securities are thinly traded.

    Thanks for sharing our common thesis that variable rate preferred securities are a timely investment. I agree that short term rates will go up, not as substantially as I would prefer if invested in floating rate securities. I think the strong dollar and EU stimulus will hold down just about any increase the FED makes in short term rates, as foreign investors flock to the almighty dollar as we watch gold and foreign securites flounder in the wake
    Mar 9, 2015. 06:24 AM | 1 Like Like |Link to Comment
  • Specialized ETF Picked For Growth In 2015 [View article]
    Morningstar lists 5 year annualized return of 10.18% for CWB, 16.25% for SPY.

    I think CWB may fare better than fixed income investments, not as well in an up market as SPY, especially with the FED talking rising interest rates. CWB has an advantage over most fixed income in a rising rate and continued growth cycle of this market. As such, I hold CWB as a part of the debt securities in my portfolio (about 75% equity, 15% debt, 10% cash).

    Morningstar classifies the security as "moderate target risk" with an alpha of 2.37 against that benchmark.

    http://bit.ly/17DjYsm
    Feb 27, 2015. 09:27 AM | Likes Like |Link to Comment
  • Gap declares $0.23 dividend [View news story]
    The yield is really 2.28% with a .23 quarterly dividend, the yield quoted implies only one dividend paid at the current rate per year...
    Feb 26, 2015. 07:26 PM | Likes Like |Link to Comment
  • Specialized ETF Picked For Growth In 2015 [View article]
    I invested in $CWB shorty after the October dip. It has been a boring yet successful investment since that time. The yield is quite low really, around 2%, but as you mention, the returns become more equity like as conversions occur. There was a sizable capital gain distribution in December of over $2 per share.

    My position has gained 6.4% since 10/20/14. I believe this year will be good for CWB as well.. hoping for more conversions, where it seems the real gains come from with this fund.
    Feb 26, 2015. 07:23 PM | Likes Like |Link to Comment
  • Balancing The Yield And The Dividend Growth Rate [View article]
    Many many times I have witnessed creative Excel planning go asunder, but it is so addictive I think (and know). The premises of total return, dividend growth, compounding.. a good plan indeed. I like buying at 3% initial yield too, but have been willing to go lower for high quality (ROE, ROIC) companies at value prices, most recently $HSY @ 90
    Feb 9, 2015. 01:37 PM | Likes Like |Link to Comment
  • ETB Vs. ETV: What's The Difference? [View article]
    I prefer the higher income and also higher alpha of ETV. You are right about the similar beta and NAV returns over the years since inception. ETV does display a markedly improved downside capture ratio though. The single modern portfolio statistic that leads me toward ETV is it's alpha, which is greater than ETB (.06 vs -.38).. this is seeking alpha after all...
    Feb 3, 2015. 08:12 PM | 1 Like Like |Link to Comment
  • DGI - Changes In Candidate Screen Results - One Month Later [View article]
    Wonderful list, I own many and added a few this month (BLX, AVX, GIS; added to HAS).. I like your screen, it matches my own criteria in many ways, now following.
    Jan 24, 2015. 09:39 AM | Likes Like |Link to Comment
  • To Buy High-Yielding AT&T Or Not To Buy? [View article]
    I hold T. Had I just one, imagine that (wow), T would be high on the list . You can buy the entire DOW through ETF DIA I believe, which might be a vehicle to employ with the dividends from T. I would likely just let them reinvest though.
    Oct 12, 2014. 10:02 AM | Likes Like |Link to Comment
  • Baxter's Impressive Dividend Growth Thesis [View article]
    The new company, split off from Baxter.. BXLT, Baxalta..

    Long BAX, slow and steady growth, consistent dividend increases, two things I like in investments..

    http://seekingalpha.co...
    Sep 23, 2014. 06:20 PM | 2 Likes Like |Link to Comment
  • 3 Things To Like About Innophos Holdings [View article]
    Found IPHS this morning in a screen searching for dividend growth stocks in the materials sector. Sold my prior materials position in BBL with small profit. As fate would have it, I found IPHS and then read your article as well (part of my DD in purchasing).. Thanks for your timely article..! :)

    Long IPHS.. (as of this morning)
    Sep 8, 2014. 05:14 PM | 1 Like Like |Link to Comment
  • This MLP Fund Is Trading At Close To Its Widest Discount Since Inception, Offering An Attractive Opportunity [View article]
    Many good MLP CEF's and I think it's easy to find a profitable investment among them, MIE is a keeper. I wish I had gone into FIE or FIF, as I like the monthly compounding. Difficult to pick a best.. wish I could find a monthly distribution with a history of increasing distributions among the many MLP CEF's
    Aug 31, 2014. 09:04 AM | Likes Like |Link to Comment
  • This MLP Fund Is Trading At Close To Its Widest Discount Since Inception, Offering An Attractive Opportunity [View article]
    I took a quick look at CEM at Morningstar and the current discount appears to have started during the recent market pullback early in August. CEM, unlike it's CEF MLP peers, has not come back to prior levels of discount or premium.

    I was a buyer of additional shares of FEN during the recent "dip". FEN market price has returned to prior average discount, not so with CEM.

    There is always market risk in CEF's and I tend to choose CEF investments based on NAV performance. With the MLP CEF's, I prefer steady and regular increases in distribution, which many deliver. CEM's increases in distribution are not quite so regular, or significant as alternate MLP CEF peers.

    This may be a good trade on market discount. I think the fundamental performance and regularity of distribution increases favors other CEF's in this segment as a long term holding or trading vehicle.

    Long FEN.
    Aug 30, 2014. 03:05 PM | 1 Like Like |Link to Comment
  • Qualcomm: China Problem A Buying Opportunity? [View article]
    Got in today as well.. after taking a beating with SILC earlier in the week, switched to a bigger name that was in the shredder at the same time, with clear growth potential..
    Jul 25, 2014. 05:55 PM | Likes Like |Link to Comment
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119 Comments
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