Seeking Alpha

Dale Mackey

Dale Mackey
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  • Equity CEFs: The Chasm Between What Works And What Doesn't [View article]
    Thanks so much for your insights. Over my time with SA, your wise counsel has influenced several profitable investment choices. I was seeking a pure play in the finance sector as I have done in others (Tech, Energy, Health/Medical).

    While BTO is now trading at a premium, it fits quite nicely with my objective. In researching long term performance and MPT, I have found significant alpha (one year @ 8.58, three year @ 10.21 on NAV) and total return on NAV outperforming S&P TTR over 1, 3, 5 and 15 year(s)).

    I plan on building a position over the next several months, for all the reasons mentioned in your typically clear and thoughtful articles..

    Nov 9, 2015. 06:44 PM | Likes Like |Link to Comment
  • Scanning The SA Family For Alpha: WmHilger1 [View article]

    As usual, an excellent article with much to contemplate!! I fear there is no simple yes/no to the questions posed, however (at least from most replies). I'll limit mself to one or two sentence on each

    1) Would you reach for higher yields that carry greater risks rather than invest in dividend aristocrats or champions that offer much lower yields, less risk and more reliability?

    I have and do invest in high yield covered call CEF's, with high calculated alpha (available at M* and also Fidelity). They do not "feel" that risky and actually offer significant discounts during corrections periods ($ETV, $BME, $STK) and provide significant distribution yields. I also use similar ETF's with much lower yields, also with higher alpha ($PJP, $FDN, $SCHG) The highest yielding stocks I own are $VGR, then $T. I balance sector diversity to match SPY on a quarterly basis,

    2) Are you willing to monitor and adjust as required those high-yielding stocks much closer (since they are not elite aristocrats and can be "dividend volatile")?

    Yes.. I monitor the portfolio on a daily basis, deciding when to invest earned income back into the market. It's been a busy fall for making purchases. Recently added $CEM (a leveraged CEF based on Alerian Index) to replace shares of $WMB.

    3) Do you allocate a small percentage of investable funds in high-yielding dividend opportunity stocks to carefully increase your overall yield?

    Other than $VGR and $T, not really. I gave up on BDC's and mREITS as their volatility eludes my discernment.
    Oct 11, 2015. 08:09 AM | 2 Likes Like |Link to Comment
  • The Best Dividend Growth Stock In The Materials Sector [View article]
    I enjoyed the article (as a holder of CMP) but was confused at the closing where you state..

    "Monsanto is my top choice for a dividend growth stock in the energy sector"

    I believe this is an error..

    If there a few more stocks that made the initial screens = more potential watch list candidates

    Thanks for your work
    Sep 16, 2015. 06:07 PM | 1 Like Like |Link to Comment
  • Good Times Ahead For Valero Energy [View article]
    I like VLO as an energy holding to balance WMB, the correlation between these is 0.11 and both grow dividends over time. I established VLO position in early May..
    Sep 12, 2015. 07:04 PM | 1 Like Like |Link to Comment
  • Does Your Money Market Account Pay Better Than This ETF? [View article]
    I kind of like this fund better than a money market, it is easily integrated into any stock portfolio and the twelve month trailing yield is actually 1.4%. I am confused where you secured the notion that

    "...GSY's yield of 0.45%"

    I trade for free at Merrill Edge.. (100/mo.)
    Aug 21, 2015. 11:29 PM | Likes Like |Link to Comment
  • BlackRock Utility And Infrastructure Trust: An Option Player In The ETF Utility Space [View article]
    on 05/29 the trust is reporting 30.18% coverage
    Jun 13, 2015. 07:09 AM | Likes Like |Link to Comment
  • My Rationale For Selecting STAG For The Long Haul [View article]
    Was in STAG near the IPO for a wonderful run.. sold with solid returns.. Reloaded last week to replace an alternate beaten down REIT (OHI). I like the monthly income and the established (if short) history of increasing dividends twice a year. Brad you make a compelling case for STAG, thanks
    Jun 4, 2015. 08:24 AM | 2 Likes Like |Link to Comment
  • VTI: Arguably The Best Replacement For SPY [View article]
    I recently switched brokerages from Fidelity to Merrill Edge, which if you move enough assets and open a checking account (with little balance) will pay you a transfer reward ($600 in my case) and offers 30 or 100 comission free trades per month, depending again, on the value of your holdings. I've been quite satisfied...
    May 19, 2015. 05:58 AM | Likes Like |Link to Comment
  • Coca-Cola I├žecek: Strong Volume Growth Amid Volatile Circumstances [View article]
    Good luck finding any information on this stock... other than this article! I looked at OTC site and was there advised that this security trades in the Grey Market, described as following..

    OTC, Other OTC or Grey Market
    "OTC", "Other OTC" or "Grey Market" is a security that is not currently traded on the OTCQX, OTCQB or OTC Pink marketplaces. Broker-dealers are not willing or able to publicly quote OTC securities because of a lack of investor interest, company information availability or regulatory compliance.
    May 9, 2015. 08:04 AM | Likes Like |Link to Comment
  • A High Income, Balanced CEF Portfolio With Reasonable Risk [View article]
    Take a look at M* analysis of this fund [$GOF].., it's dated I did and have held since original purchase...
    Apr 25, 2015. 12:36 PM | Likes Like |Link to Comment
  • Worried About Rising Rates? Here Are Some Alternatives [View article]
    ... or to invest in both (as I read the next paragraph), e.g. "have your cake and eat it too.."
    Mar 9, 2015. 11:23 AM | Likes Like |Link to Comment
  • Worried About Rising Rates? Here Are Some Alternatives [View article]
    Another more liquid and diversified investment lies in Powershares Variable Rate Preferred ETF ($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.
    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