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vtfrank

vtfrank
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  • The Pure Income Portfolio: The CORE, The Alternative And The Poison, Part II [View article]
    Thanks Bruce
    Nov 12, 2014. 01:37 PM | Likes Like |Link to Comment
  • The Pure Income Portfolio: The CORE, The Alternative And The Poison, Part II [View article]
    Thanks for your reply. I am really looking at the CEF world, something like KYN. It looks like they hold about $500M of KMP, most of which could become taxed at the corporate rate. The tax bill alone for KMP could exceed the quarterly distribution paid out by KYN. In any case, it looks to me like there will be a serious effect on KYN and other CEFs in the same sector. I'm trying to figure out whether I am really off base, or wait until the results are in to consider initiating a position in an MLP focused closed end fund. Thanks.
    Frank
    Nov 10, 2014. 03:32 PM | Likes Like |Link to Comment
  • The Pure Income Portfolio: The CORE, The Alternative And The Poison, Part II [View article]
    Bruce, thanks for your writings, I am finding it useful. I do have a question about CEF's, particularly those that focus on midstream MLPs. KMP and EPB are about to be absorbed into KMI in what is a taxable event. KMP is likely the largest holding for some of these funds, and they have likely been held for quite some time. I cannot imagine how this deal will not have a very severe impact. What am I missing here? Do you foresee the situation the same way? Just trying to learn, thanks.
    Frank
    Nov 9, 2014. 08:54 PM | Likes Like |Link to Comment
  • Triangle Capital: BDC Dividend Coverage Part 13 [View article]
    Thanks Buzz, for another nice article. Let's see if I understand some of what is going on with TCAP - their underwriting must be good enough that clients pre-pay, their is a nice chunk of change they have options to use, being internally managed their cost structure is low relative to many other BDC's. It seems to me they have some issues many other companies would love to have. I would not have considered this company without your writing, so far so good. Thanks again.
    Frank
    Long: MAIN, TCAP, HTGC, PSEC
    Jun 17, 2014. 09:06 PM | Likes Like |Link to Comment
  • The Time To Hedge Is Now! Do It For Less - Part V [View article]
    Mark, thanks for the series. I am considering adopting some the hedging strategies you talk about. My question has to do with timing and taxes - I know no better than anyone else when we get a big correction if not a roll into a bear market. That being said I see more benefit to me using Jan16 puts. I can see they cost considerably more on a per month cost basis. If they are held for a year or more I would at least have a chance to realize a long term capital gain, taxed for me at a much lower rate. This would not be possible with a Jan15 option. What are your thoughts on this? Frank
    May 5, 2014. 08:43 PM | 1 Like Like |Link to Comment
  • The Effect Of Dividends On Stock Prices: Is There A Connection? [View article]
    David, thanks for this and your other articles. This past January I was able to retire 5 years early because my DGI portfolio had grown to the point of providing me with 150% of my income from going to work every day. My dad followed this strategy for 50 plus years, through lots of ups and downs, and helped make me a true believer.
    Larry stated that half the return might be from dividends, half from price, or words to that effect. I can't say whether that is true or not, but I like to look at it from the very narrow perspective of my own ownership slice of that company. I am still up 10% whether the company pays divvies or not. I personally like being able to decide on my own what to do with that 5% - DRIP, spend, invest elsewhere, donate. Just my two cents, thanks again. Frank
    May 4, 2014. 05:38 PM | 2 Likes Like |Link to Comment
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