Small investor who started late (late 50's) and learning more everyday on investing, Interested in BDC's, CEF's, Energy, REIT's and monthly paying dividend stock's. Looking to increase my monthly income thru dividends to help me in retirement.
Daniel Moore is the creator of FinancialRelativity.com, a web portal created for the purpose of tracking the status of financial markets and providing investment analysis and portfolio management insights to investors. Based on the systematic investment research, he writes about the market and publishes his views through internet market publications. He has over 25 years of management experience in corporate finance in a variety of high technology start-ups and public companies. A graduate of Duke University’s Fuqua School of Business in 1988, he has spent the last 10 years managing investment portfolios seeking high risk reward returns for fixed income investors.
Retired Pharmacist. Call me Rose. Nose= Knows enough to know I need to keep learning and keeping a great dividend paying nest egg growing upwards.
My 83 stock portfolio is listed here by sector, largest holding by value is listed first.
Consumer Defensive: KO, PM, GIS, MO, TGT, KMB, DEO, PG, PEP, MDLZ, CLX, CL, KHC, HSY, UL.
Consumer Cyclical: MCD, SBUX, GPC, NKE, HAS, MAT, VFC, HOG, HD
Healthcare: JNJ, ABBV, CVS, AMGN, CAH, BDX
Healthcare eREITs : OHI, VTR, HCP, HCN, NHI, CCP.
Energy: XOM, CVX, OXY, VLO,
Tech: AAPL, ADP, CSCO
Tech eREIT: DLR
Industrial: BA, UNP, MMM, CMI, CAT, GWW, NSC, LMT.
Industrial eREIT: STAG
Financial: TROW, MA, V, WFC, MET
Other eReits: WPC, O, XLP, UBA, STWD ,WPG
REIT Hotel: CLDT
mREIT: ARI (very very small position) and NRZ (also small)
BDCs: MAIN, PNNT, HTGC, ARCC, NEWT (small)
Telecom: VZ and T
Utility: SO, XEL, WEC, D, MGEE, DNP, CNP, LNT, FE
DNP is a CEF which predominately holds Utilities.
@DavidAltonClark - #1 Ranked Stock Picker out of 9000 Total Experts per http://Tipranks.com ✦ Columnist @CNBCPro
✦ US Army Veteran ✦ Former FINRA Rep ✦ EY / Citigroup Alumnus ✦Texas Realtor ✦ Active Investor
Click this Globe and Mail and Barron's link for recent articles regarding my performance and background.
The Oil & Gas Investments Bulletin (http://www.oilandgas-investments.com) is an online subscription-based service that finds, researches, and profiles growing oil and gas companies that have high growth rates (or high growth potential.)
Its team of writers work under Keith Schaefer, Editor/Publisher, who shares his knowledge of the oil and natural gas markets in a simple, easy to read manner. The bulletin outlines which TSX, NYSE and NASD-listed energy companies have the ability to grow, and bring shareholders prosperity even in tough times.
There is tremendous potential to profit in oil and gas companies for informed investors. Mr. Schaefer has a degree in journalism but has spent the last 15 years assisting public resource companies in raising exploration and expansion capital.
If you are interested in any of my digital utility solutions to add to your investing tool box to improve your investment outcomes, please visit my site
You'll find elegant applications that make it simple for you to track your portfolio in real time, make a watch list to follow in real time, track your dividend income and growth, and other applications. These applications will allow you to set alerts at prices you choose in order to obtain the yield and income that you want. They function as real time trade assistants and will improve your investment performance. You can even mirror the successful FTG Portfolio with "My FTG Mirror Calculator", and subscribers can mirror the premium subscriber portfolio with "MY RODAT Mirror Calculator" if they wish to emulate the out performance we've achieved in capital and income growth.
I am a retired clinical psychologist, and administrator and owner of a rehabilitation clinic we founded 40 years ago. For over 55 years I have managed several portfolios composed of investments accumulated over our professional careers. Since the financial crisis of 2008, I have employed specialized, customized dividend growth strategies aimed at enhancing and growing a dividend income stream.
Since December 24, 2014, I have demonstrated on Seeking Alpha the ongoing construction and portfolio management of the Fill-The-Gap Portfolio aimed at highlighting strategies investors may utilize to close the gap between an average Social Security benefit and the much greater costs faced in retirement.
This portfolio has outperformed all of the broad market indexes by a very wide margin, growing dividend income and total portfolio value consistently while the broader indexes struggle in negative territory all year.
Aside from free articles available to the general public, additional early-access, value-added ideas and deep-dive articles are offered to paid subscribers on my premium SA platform, "Retirement: One Dividend At A Time"
Let me show you how to build and grow your portfolio and dividend income, step by step, towards a comfortable and secure retirement.
Chief Investment Officer for Stanford Wealth Management, a Registered Investment Advisor. Retired senior executive of Charles Schwab. Retired (36 years) active and reserve military service -- six in special operations, 30 in the intelligence community. Geopolitical analyst. Author -- investment book Bringing Home the Gold.
Editor -- The Investor’s Edge®. In the 16 years from inception through year-end 2015, the Investor’s Edge® Growth & Value Portfolio increased in value from $250,000 to $1,038,453. That same $250,000 invested in the S&P 500 rose to just $422,905. (Past results are no guarantee of future performance; maybe those 16 years were pure luck.) SEE SPECIAL OFFER BELOW! Featured in Forbes, Barrons, The Wall Street Journal, Financial World, Wall Street Transcript, Global Investing, Welling on Wall Street, etc.
SUMMER SPECIAL: June and July ONLY, receive 1 year of Investor's Edge®, normally $189, for just $99. If you are ever not 100% satisfied, we provide a pro rata refund for any issues not yet received. Phone orders only! 775 832-5440.
Self directed individual investor. I surpassed my own goals and expectations. I have been investing in the stock market since 1992. I used to day trade. Then I swing traded. Now I invest in dividend stocks with the focus on having the income exceed our needed expenses. I started investing in dividend stocks exclusively in 5/2011. I am ready to share my 22 years of experience in the stock market with young investors and retirees alike. I will share my mistakes and successes. Hopefully, I can help others avoid common mistakes.
RETIREMENT PORTFOLIO UPDATED As Of 6/3/2016
Current Allocations for my Retirement Portfolio:
1) MO = 100%
I have taken ROTH distributions in 2016 of about $113,000. This is the first year that I have taken distributions, they are non taxable and penalty free.
I currently have 96.5% of my stock market assets in ROTH IRA's. I will convert the rest of my MO (from my SEP IRA) in 2017 and 2018 into my ROTH IRA.
My Retirement Portfolio's return since 1/1/2009 according to Schwab.com's Portfolio performance: Full Disclosure - All of my funds were at Schwab in 2009 and 2010, In 2011 I started a Roth IRA at Fidelity, in 2014 I transferred funds from Schwab to Fidelity and in 2015 I transferred some funds to E-TRADE. Most of my funds are still at Schwab.
2009- + 165.95%
2010- + 28.02%
2011- (-) 1.99%
2012- + 11.59%
2013- (-) 5.31%
2014- + 38.84%
2015- + 6.11%
2016- YTD as of 6/10/2016 close + 19.25%
My Portfolio performance from 1992 - 1/1/2009 was not good. I was starting from a negative return since I had contributed more than my accounts were worth. 2008 had dropped my account about 75%!!!
Schwab.com's software does not have any data prior to 1/1/2009! They started the Portfolio performance function as of 1/1/2009.
I hold a PhD in the field of epidemiology a masters degree in public health. My undergraduate training is in policy, economics and the sciences. I have utilized my training in employment with government, academia, private industry and to further analyze the fundamentals and technicals of all manner of companies in different sectors. Specifically, I like to trade growth companies, REITS, biotechnology/ pharmaceuticals, precious metals, blue chips and small-cap companies.
Each market day I get up at 530 am and begin working/analyzing data before my day job. I focus much on current events, earnings, and developments. I also work after market hours to cover after hours developments or interesting action during the day. I aim to conduct 2 analysis per business day, which helps me stay focused on my own finances.
I have been investing for about 10 years. I also enjoy trading short expiration options, and investing in stocks with 3-20 year horizons. I enjoy writing with Seeking Alpha to share my opinion and analyses. I am a large believer in the crowd source model championed by Seeking Alpha and believe every ounce of analysis and opinion should be considered when you invest your personal finances.
For a better mobile experience on Seeking Alpha click the top right menu icon on most browsers and select "request desktop site".
Would you do if your were already wealthy? If you could do whatever you wanted for your career, what would you want to do?
This is what I would do. This is my self-actualiziation. There is nothing like analyzing an inefficient sector of the market and calling out the failures.
2nd Market Capital Advisory specializes in the analysis and trading of real estate securities. Through a selective process and consideration of market dynamics, we aim to construct portfolios for rising streams of dividend income and capital appreciation.
Jeff is the President of NewArc Investments Inc., manager of both individual and institutional investments. Jeff is a registered investment advisor, and portfolio manager for NewArc's investment programs.
Jeff is a former college professor with a hands-on, real world attitude. His quantitative modeling helped inform state and local officials in Wisconsin for more than a decade. A Public Policy analyst, he taught advanced research methods at the University of Wisconsin, and analyzed many issues related to state tax policy.
Jeff began in the financial business as Research Director for trading firm at the Chicago Board Options Exchange. He investigated anomalies in the standard option pricing models, taught classes for beginning options traders, and developed new forecasting techniques. In 1991 he established a general research consultancy, working with professional traders at all of the Chicago financial exchanges. In 1998 he started NewArc Investments, Inc.
Jeff has a commitment to the specific needs of individual investors. It is not a one-size-fits all approach, but one that emphasizes the unique circumstances of each client.
Jeff also serves on the board of two small technology companies (currently Chairman at one). He is occasionally as an expert witness in legal cases involving financial markets and hedging.
A full time investor in stocks, bonds, options, and real estate who previously worked as a financial/investment journalist/analyst. Previous industry stints include privately held SageOnline Inc. - where he held multiple positions - as well as Multex.com, acquired by Reuters, where he was an equity research editor. Aloisi is a cum laude graduate of Penn State University, currently residing in native South Central Pennsylvania with his wife and 2 children.
Income investing has become his focal interest due to the challenges that the ZIRP environment presents. Not an advocate of any single portfolio strategy, he promotes a "go anywhere" philosophy predicated on value, forward thinking, sustainability, and personal objectives. While the past may be instructive, Aloisi cautions on over reliance.
In his free time he likes to talk politics, play the piano, garden, and go antiquing. Mr. Aloisi was recently elected to a 4-year term on his local school board, garnering the most votes out of 6 candidates.
Elliott Gue knows energy. Since earning his bachelor’s and master’s degrees from the University of London, Elliott has dedicated himself to learning the ins and outs of this dynamic sector, scouring trade magazines, attending industry conferences, touring facilities and meeting with management teams.
For seven years, Elliott Gue shared his expertise and stock-picking abilities with individual investors through a highly regarded, energy-focused research publication. Elliott Gue’s knowledge of the sector and prescient investment calls prompted the official program of the 2008 G-8 Summit in Tokyo to call him “the world’s leading energy strategist.”
He has also appeared on CNBC and Bloomberg TV and has been quoted in a number of major publications, including Barron’s, Forbes and the Washington Post.
In October 2012, Elliott Gue launched the Energy & Income Advisor (www.EnergyandIncomeAdvisor.com), a semimonthly online newsletter that’s dedicated to uncovering the most profitable opportunities in the energy sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
The masthead may have changed, but subscribers can expect the same in-depth analysis and rational assessments of investment opportunities in the energy sector.
I am a dividend investor and look for undervalued investments in the stock market. I identify misunderstood and undervalued equity investments and hold those securities until their price approximates my estimate of intrinsic value. I am a long-term investor only.
I am building a $100,000 high-yield income portfolio. I am running this portfolio as an experiment to see if long-term sustainable income can be generated from a diversified pool of high-risk, high-yield securities. I am willing to accept high risk in order to meet my performance goals.
I am a retired engineer with a PhD in Engineering Science (mostly exotic math) together with a Masters in Statistics. I currently manage my website www.superchargeretirementincome.com, where I use my math background to select high-return, low-volatility investments. I also love teaching so I also provide a number of tutorials about all aspects of investing. I am an avid reader and have read just about every book I could find on the stock market. I am still learning so I welcome comments and suggestions. Over the years I have learned that there is no “holy grail”; you cannot receive a good return without taking risks. However, you can choose your investments to reduce risks and those are the kind of investments I like to make. Although financial markets are my passion, engineering is my profession. I have spent the last 30+ years as a program manager at a large aerospace company, working on improving defenses for our U.S. Army customers.
Charles Lewis Sizemore, CFA is the Chief Investment Officer of Sizemore Capital Management LLC, a registered investment advisor. He has been a frequent guest on Bloomberg TV and Fox Business News, has been quoted in Barron’s Magazine, The Wall Street Journal, and The Washington Post and is a frequent contributor to Forbes Moneybuilder, GuruFocus, MarketWatch and InvestorPlace.com.
Charles holds a master’s degree in Finance and Accounting from the London School of Economics in the United Kingdom and a Bachelor of Business Administration in Finance with an International Emphasis from Texas Christian University in Fort Worth, Texas, where he graduated Magna Cum Laude and as a Phi Beta Kappa scholar.
I am a Certified Public Accountant (CPA) and a Certified Financial Planner (CFP) (currently do not have a private practice). I have also been a member of the American Institute of Certified Public Accountants (AICPA) for 17 years (CFF as well). I am currently employed with a global accounting firm in the Northeast area (partner). I have a masters degree in accounting + legal studies. I have audit, tax, and consulting experience with entities in the following sectors: closed-end funds, energy, financials, healthcare, homebuilders, pharmaceuticals, private equity, REITs, and telecoms. I've also have experience with C-corps., estates, high net worth individuals, LLCs, LLPs, S-corps., and trusts. I am a casual individual investor. My investing fundamentals are based on both qualitative and quantitative information. By using my analytical skills, I create specific investing ideas/strategies. I am more of a longer-term investor as opposed to day-trading.
Previous Quarterly Projection Article’s Performance vs. Actual Results:
# of Projections Stated Within All Articles: 162
# of Projections PENDING: 1
# of Projections 100% Accurate or Within Range: 151
# of Projections Inaccurate or Outside of Range: 11
Projection “Within Range” Success Rate: 151 / 162 = 93.2%
Please see the list at the bottom of this profile for the details of my past projections.
Disclaimer: I cannot own and will not give an opinion on any investments my current employer has any direct or indirect professional services with (accounting, audit, tax, consulting, etc.). This mainly consists of various mutual funds and exchange traded funds (ETF's). This includes all stocks held within these particular investment vehicles. This specified list is updated monthly. As such, most large-cap stocks are "off the table" regarding my articles. All accounting insight, analysis, and opinions stated within any articles I write (in regards to a specified stock) are entirely from my own personal research and analysis. I believe my articles are both informative and in some cases educational.
NOTE: A growing number of readers/investors, analysts, and representatives of firms have requested to be provided with my "spreadsheets/models" to help better understand certain companies/sectors. My researched data is several files of 100+ spreadsheets/models containing both stocks I write about on S.A. and stocks I choose to not write about on S.A. To reduce the repeated requests to provide such data, these spreadsheets/models are ALL linked together. As such, all current and future requests to "share" my data/models will be politely declined. Thanks for your understanding regarding this subject.
I appreciate my loyal readers and I’ll continue to try to provide high quality, in-depth articles.
Commonly Asked Questions:
Question 1): If you are only paid per article, why make your articles so long / detailed?
- I like to provide the “nuts and bolts” of a company. As such, I strive for my articles to have some sort of “hard to obtain” facts / figures. From this data, I like to fully discuss / analyze specific topics within a particular stock. This mainly consists of a quarterly projection article and a series of articles on a company’s dividend sustainability. In certain instances, I also write articles in regards to specific, material events that occur during a quarter.
- I believe a company’s quarterly results and upcoming dividend declarations are two of the most important topics readers are requesting information on. My analysis takes the “average” article several steps further to allow readers to have access to information that is rare to public viewership. In doing so, I believe my articles are both beneficial and educational for most readers.
Question 2): How come you only write 1-2 articles a week (would like to see more)?
- As stated in my profile above, I have a full-time professional career. I write / analyze stocks in my “free time”. To provide these types of high quality / in-depth articles, I can’t see writing more than 2 articles a week. I believe “quality” should always be a higher priority versus “quantity”.
- As many readers should know by now (if you’ve followed me for a while), I not here for the monetary rewards. If that was the case, I’d write 5+ weekly articles and provide little to no engagement in each article’s comment section. I believe the comments section is as important as the article themselves b/c readers have a wide range of questions in relation to each article or the sector in general.
Question 3): What do you personally gain from writing these articles?
- I am not here trying to promote a company, book, or website. There’s nothing wrong with that. However, that’s just not what I’m about. I’m here for the “average Joe”.
- When I decided to write these articles, I based it on the notion I am filling a “special niche” per se. Using skills that have been built up over my professional career, my articles usually provide unique information that most writers either a) don’t have the technical expertise to provide or b) don’t bother providing due to the time it takes to compile such data. As such, I believe the S.A. community benefits from my articles. I solely do this b/c it’s a passion of mine and I like helping readers have accurate, reliable data that is not readily available. Yes, I understand this may seem “hard to believe” in this day and age. However, I believe some of my more “seasoned” followers know this aspect of my generosity / personality. Also, in the past there were numerous misstated “facts / notions” in various articles I saw being written by the stocks I currently cover. Since I began to write my articles here, these misstatements / misnomers have decreased which is good for this forum.
Question 4): How come you do not write about more stocks?
- To give readers the level of detail that I provide in my articles, I amass large amounts of data every quarter (or even weekly). As a direct result, a large amount of time is consumed by obtaining / analyzing this data. This would only increase if I expanded my researched portfolio of stocks.
- If I expanded the stocks I research, it would most likely take away the quality of other articles I currently am writing about. Again, this gets back to the “quality vs. quantity” metric.
- There is a fairly large range of stocks / investment vehicles I cannot write about / provide an opinion on due to various conflicts of interests (regarding my professional career). This is a topic I take VERY seriously. As such, I take all necessary precautions to avoid any remote possibility of a conflict of interest occurring.
NOTE: Below are the stocks I currently cover as of June 2016:
Stocks Covered In Great Detail (11 mREITs; 11 BDCs; 11 Other Sectors): ACAP (Proposed Spin-Off), ACAS, ACSF, AGNC, AINV, ANH, ARCC, ARR, CMO, CYS, FSAM, FSC, FSFR, GBDC, GOOG, GPRO, HTS, MAIN, MCC, MO, MTGE, NEWT (New) NLY, NVS, NYMT, ORC, PFAM (Proposed Spin-Off) PSEC, PM, PRIT (Proposed Spin-Off) PYLD (Proposed Spin-Off), SLRC TRP, and WMC.
Stocks Covered In Modest Detail (10 mREITs; 3 Other Sectors): AI, AMTG, BABA, EFC, IVR, JMI, MFA, MITT, NRZ (New), PHM, PMT, SLRC, TOL, TWO
Detailed Past Projection List:
NAV as of 3/31/2014: $0.01 per share variance; within range ($10.67 projected vs. $10.68 actual)
NAV as of 6/30/2014: $0.00 per share variance; 100% accuracy ($10.56 projected vs. $10.56 actual)
NAV as of 9/30/2014: $0.01 per share variance; within range ($10.48 projected vs. $10.47 actual)
NAV as of 12/31/2014: $0.01 per share variance; within range ($10.34 projected vs. $10.35 actual)
NAV as of 3/31/2015: $0.03 per share variance; within range ($10.27 projected vs. $10.30 actual)
NAV as of 6/30/2015: $0.06 per share variance; within range ($10.25 projected vs. $10.31 actual)
NAV as of 9/30/2015: $0.17 per share variance; within range but at the higher end ($10.00 projected vs. $10.17 actual)
NAV as of 12/31/2015: $0.25 per share variance; slightly outside range; lower end ($9.90 projected vs. $9.65 actual)
NAV as of 3/31/2016: $0.11 per share variance; within range ($9.50 projected vs. $9.61 actual)
Fiscal Q3 2016 NII: $0.00 per share variance; within range ($0.25 projected vs. $0.25 actual)
Dividends for Fiscal Q4 2014: Stated dividend was currently safe (no specific dividend declarations) which turned out to be correct for April 2014 – June 2014 dividends declared
Dividends for Fiscal Q1 2015: 100% accuracy (July. 2014 $0.110475 projected vs. $0.110475 actual) (Aug. 2014 $0.110500 projected vs. $0.110500 actual) (Sept. 2014 $0.110525 projected vs. $0.110525 actual)
Dividends for Fiscal Q2 2015: 100% accuracy (Oct. 2014 $0.110550 projected vs. $0.110550 actual) (Nov. 2014 $0.110575 projected vs. $0.110575 actual) (Dec. 2014 $0.110600 projected vs. $0.110600 actual)
Dividends for Fiscal Q3 2015^: (Jan. 2015 $0.110625 projected vs. $0.110625 actual) (Feb. 2015 $0.110650 projected vs. $0.0833 actual OUTSIDE RANGE) (Mar. 2015 $0.110675 projected vs. $0.0833 actual OUTSIDE RANGE)
^ = Correctly stated dividend would be cut. However, PSEC reduced dividends beginning in February 2015 and I projected the dividend decrease would occur in April 2015 (2 months earlier than projected)
Dividends for Fiscal Q4 2015: (April. 2015 was declared in December 2014 prior to my analysis for this quarter) 100% accuracy (May 2015 - June 2015 $0.0833 projected vs. $0.0833 actual)
Dividends for Fiscal Q1 2016: 100% accuracy (July 2015 - September 2015 $0.0833 projected vs. $0.0833 actual)
Dividends for Fiscal Q2 2016: 100% accuracy (October 2015 - December 2015 $0.0833 projected vs. $0.0833 actual)
Dividends for Fiscal Q3 2016: 100% accuracy (January 2016 - March 2016 $0.0833 projected vs. $0.0833 actual)
Dividends for Fiscal Q4 2016: 100% accuracy (April 2016 - June 2016 $0.0833 projected vs. $0.0833 actual)
Dividends for Fiscal Q1 2017: 100% accuracy (July 2016 - August 2016 $0.0833 projected vs. $0.0833 actual) (September 2016 = PENDING)
BV as of 6/30/2013: $0.11 per share variance; within range ($25.40 projected vs. $25.51 actual)
BV as of 9/30/2013: $1.36 per share variance; MATERIALLY OUTSIDE RANGE ($26.63 projected vs. $25.27 actual)
BV as of 12/31/2013: $0.58 per share variance; within range lower end ($24.51 projected vs. $23.93 actual)
BV as of 3/31/2014: $0.04 per share variance; within range ($24.45 projected vs. $24.49 actual)
BV as of 6/30/2014: $0.66 per share variance; within range higher end ($25.60 projected vs. $26.26 actual)
BV as of 9/30/2014: $0.35 per share variance; within range ($25.19 projected vs. $25.54 actual)
BV as of 12/31/2014: $0.29 per share variance; within range ($25.45 projected vs. $25.74 actual)
Comprehensive Income for Q1 2015: $0.02 per share variance; within range ($0.48 per share projected vs. $0.46 per share actual)
BV as of 3/31/2015: $0.11 per share variance; within range ($25.64 projected vs. $25.53 actual)
BV as of 6/30/2015: $0.24 per share variance; within range ($24.24 projected vs. $24.00 actual)
BV as of 9/30/2015: $0.44 per share variance; within range lower end ($23.44 projected vs. $23.00 actual)
BV as of 10/31/2015: $0.06 per share variance; within my monthly $0.30 per share range ($22.98 projected vs. $23.04 actual)
BV as of 11/30/2015: $0.27 per share variance; within my monthly $0.30 per share range ($22.25 projected vs. $22.52 actual)
BV as of 12/31/2015: $0.01 per share variance; within range ($22.60 projected vs. $22.59 actual)
BV as of 1/31/2016: $0.01 per share variance; within range ($22.39 projected vs. $22.40 actual)
BV as of 2/29/2016: $0.09 per share variance; within range ($22.82 projected vs. $22.73 actual)
BV as of 3/31/2016: $0.16 per share variance; within range ($22.25 projected vs. $22.09 actual)
Dividend for Q1 2013: $0.00 per share variance; 100% accuracy ($1.25 projected vs. $1.25 actual)
Dividend for Q2 2013: Correctly stated dividend cut would occur; $0.15 per share variance; within range higher end ($0.90 projected vs. $1.05 actual)
Dividend for Q3 2013: Correctly stated another dividend cut would occur; $0.10 per share variance; within range ($0.90 projected vs. $0.80 actual)
Dividend for Q4 2013: Correctly stated another dividend cut would occur; $0.05 per share variance; within range ($0.60 projected vs. $0.65 actual)
Dividend for Q1 2014: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.65 projected vs. $0.65 actual)
Dividend for Q2 2014: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.65 projected vs. $0.65 actual)
Dividend for Q3 2014: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.65 projected vs. $0.65 actual)
Dividend for November 2014 - April 2015: Correctly stated dividend would be stable; 100% accuracy ($0.22 projected vs. $0.22 actual)
Dividend for May 2015: Company declared dividend several weeks ahead of schedule; prior to my quarterly dividend sustainability analysis. As such, no dividend projection was provided for May 2015:
Dividend for June 2015 - August 2015: Correctly stated dividend would be stable; 100% accuracy ($0.20 projected vs. $0.20 actual)
Dividend for September 2015*: INCORRECTLY stated dividend would modestly reduced; ($0.18 projected vs. $0.20 actual)
Dividend for October and November 2015: Not provided but stated increased risk to reduction by end of 2015 / early 2016.
Dividend for December 2015**: Stated dividend would be stable; highest probability ($0.20 projected vs. $0.20 actual)
Dividend Declaration for January 2016: Not provided due to time constraints.
Dividend for February 2016 - June 2016: Correctly stated dividend would be stable; 100% accuracy ($0.20 projected vs. $0.20 actual)
BV as of 12/31/2013***: $0.40 per share variance; within range lower end ($21.87 projected vs. $21.47 actual)
BV as of 3/31/2014***: $0.16 per share variance; within range ($21.94 projected vs. $21.78 actual)
BV as of 6/30/2014***: $0.13 per share variance; within range ($22.60 projected vs. $22.73 actual)
BV as of 9/30/2014***: $0.29 per share variance; within range ($21.95 projected vs. $22.24 actual)
BV as of 12/31/2014***: $0.19 per share variance; within range ($22.10 projected vs. $21.91 actual)
BV as of 3/31/2015***: $0.20 per share variance; within range ($21.80 projected vs. $22.00 actual)
BV as of 6/30/2015***: $0.30 per share variance; within range ($22.00 projected vs. $21.70 actual)
BV as of 9/30/2015***: $0.17 per share variance; within range ($20.10 projected vs. $19.93 actual); excluding "one-time" ($0.20) per share impairment charge related to RCS; $0.03 per share variance ($20.10 projected vs. $20.13 actual; excluding impairment charge).
BV as of 12/31/2015***: $0.16 per share variance; within range ($19.50 projected vs. $19.66 actual)
BV as of 3/31/2016***: $0.22 per share variance; within range ($19.25 projected vs. $19.03 actual)
Dividend for Q3 2013***: Correctly stated dividend would be modestly cut; $0.00 per share variance; 100% accuracy ($0.70 projected vs. $0.70 actual)
Dividend for Q4 2013***: Correctly stated dividend would be slightly cut; $0.00 per share variance; 100% accuracy ($0.65 projected vs. $0.65 actual)
Dividend for Q1 2014***: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.65 projected vs. $0.65 actual)
Dividend for Q2 2014 - Q4 2014***: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.65 projected vs. $0.65 actual)
Dividend for Q1 2015***: INCORRECTLY stated dividend would be stable; ($0.15) per share variance; ($0.65 projected vs. $0.50 actual) In my opinion, the severity of this cut was very disappointing.
Dividend for Q2 2015***: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.50 projected vs. $0.50 actual)
Dividend for Q3 2015***: INCORRECTLY stated dividend would be stable; ($0.10) per share variance; ($0.50 projected vs. $0.40 actual) In my opinion, the severity of this cut was very disappointing once again.
Dividend for Q4 2015 - Q2 2015***: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.40 projected vs. $0.40 actual)
BV as of 3/31/2014***: $0.10 per share variance; within range ($12.40 projected vs. $12.30 actual)
BV as of 6/30/2014***: $0.43 per share variance; SLIGHTLY OUTSIDE RANGE higher end ($12.80 projected vs. $13.23 actual)
BV as of 9/30/2014***: $0.07 per share variance; within range ($12.95 projected vs. $12.88 actual)
BV as of 12/31/2014***: $0.15 per share variance; within range ($12.95 projected vs. $13.10 actual)
BV as of 3/31/2015***: $0.32 per share variance; SLIGHTLY OUTSIDE RANGE; lower end ($13.20 projected vs. $12.88 actual)
BV as of 6/30/2015***: $0.17 per share variance; within range ($12.15 projected vs. $12.32 actual)
BV as of 9/30/2015***: $0.16 per share variance; within range ($12.15 projected vs. $11.99 actual)
BV as of 12/31/2015***: $0.13 per share variance; within range ($12.60 projected vs. $12.73 actual) (most of the variance was in relation to the accretive effect of Q4 2015 share repurchases)
BV as of 3/31/2016***: $0.04 per share variance; within range ($11.65 projected vs. $11.61 actual)
Dividend for Q1 2014 - Q1 2015***: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.30 projected vs. $0.30 actual)
Dividend for Q2 2015***: INCORRECTLY stated dividend would be reduced; $0.05 per share variance; ($0.25 projected vs. $0.30 actual)
Dividend for Q3 2015 - Q2 2016***: Correctly stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.30 projected vs. $0.30 actual)
NAV as of 3/31/2013: $0.03 per share variance; within range ($9.87 projected vs. $9.90 actual)
NAV as of 6/30/2013: $0.04 per share variance; within range ($9.94 projected vs. $9.90 actual)
NAV as of 9/30/2013: $0.01 per share variance; within range ($9.86 projected vs. $9.85 actual)
NAV as of 12/31/2013: $0.00 per share variance; 100% accuracy ($9.85 projected vs. $9.85 actual)
NAV as of 3/31/2014: $0.00 per share variance; 100% accuracy ($9.81 projected vs. $9.81 actual)
NAV as of 6/30/2014: $0.06 per share variance; within range lower end ($9.77 projected vs. $9.71 actual)
NAV as of 9/30/2014: $0.01 per share variance; within range ($9.65 projected vs. $9.64 actual)
NAV as of 12/31/2014: $0.37 per share variance; MATERIALLY OUTSIDE RANGE ($9.54 projected vs. $9.17 actual)
NAV as of 3/31/2015: $0.21 per share variance; OUTSIDE RANGE ($8.97 projected vs. $9.18 actual)
NAV as of 6/30/2015: $0.00 per share variance; 100% accuracy ($9.13 projected vs. $9.13 actual) (projections + article were provided to certain interested parties outside S.A.)
NAV as of 9/30/2015: $0.05 per share variance; within range ($8.95 projected vs. $9.00 actual) (projections + analysis were provided to certain interested parties; did not have enough time to provide an article)
FSC’s Dividend Sustainability Analysis Through Fiscal Q3 2013: Stated moderate to material dividend cut is needed; 100% accurate because company cut dividend beginning in December 2013
Dividend for Fiscal Q3 2015****: Correctly stated very low risk for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (April 2015 $0.06 projected vs. $0.06 actual) (May 2015 $0.06 projected vs. $0.06 actual) (June 2015 $0.06 projected vs. $0.06 actual)
Dividend for September - February 2016****: Correctly stated very low risk for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (September 2015 $0.06 projected vs. $0.06 actual) (October 2015 $0.06 projected vs. $0.06 actual) (November 2015 $0.06 projected vs. $0.06 actual) (December 2015 $0.06 projected vs. $0.06 actual) (January 2016 $0.06 projected vs. $0.06 actual) (February 2016 $0.06 projected vs. $0.06 actual)
NAV as of 12/31/2013: $0.12 per share variance; within range lower end (wider range b/c first full quarter of operations) ($15.22 projected vs. $15.10 actual)
NAV as of 3/31/2014: $0.03 per share variance; within range ($15.13 projected vs. $15.10 actual)
NAV as of 6/30/2014: $0.01 per share variance; within range ($15.14 projected vs. $15.13 actual)
NAV as of 9/30/2014: $0.02 per share variance; within range ($12.63 projected vs. $12.65 actual)
NAV as of 12/31/2014: $0.10 per share variance; within range (at lowest end) ($12.635 projected vs. $12.534 actual)
NAV as of 3/31/2015: $0.08 per share variance; within range ($12.38 projected vs. $12.46 actual)
NAV as of 6/30/2015: $0.15 per share variance; within range (at lowest end) ($12.38 projected vs. $12.23 actual)
NAV as of 9/30/2015: $0.18 per share variance; within range (at higher end) ($11.93 projected vs. $12.11 actual)
NAV as of 12/31/2015: Not provided to readers due to the fact the company "pre-announced" NAV prior to my quarterly projection analysis (due to a material reduction)
NAV as of 3/31/2016: $0.17 per share variance; within range (at higher end) ($11.01 projected vs. $11.18 actual)
Dividend Declaration for December 2015 - February 2016: Correctly stated very low probability (10%) for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (December 2015 $0.075 projected vs. $0.075 actual) (January 2016 $0.075 projected vs. $0.075 actual) (February 2016 $0.075 projected vs. $0.075 actual)
Dividend Sustainability Analysis Through Q4 2013: Stated material dividend cut was needed as soon as the next quarter; 100% accurate because company cut dividend in Q1 2014 from $0.80 per share (regular dividend portion) to $0.67 per share.
Dividend for Q4 2014*****: Stated dividend would be stable; $0.00 per share variance; 100% accuracy ($0.70 projected vs. $0.70 actual)
Dividend for Q1 2015***: Stated dividend would be "relatively" stable; accurate because company only cut its dividend by ($0.03) per share which, when calculated, was only a "minor" (< 5%) reduction
Dividend for Q2 2015***: Stated heightened risk for another minor - modest dividend reduction; accurate because company cut its dividend by ($0.03) per share which, when calculated, was another "minor" (< 5%) reduction
Dividend for Q3 2015: Correctly stated dividend would be modestly cut; $0.00 per share variance; 100% accuracy ($0.60 projected vs. $0.60 actual
Dividend for Q3 2015*****: Stated dividend had a modest to high probability (50% - 75%) of being reduced; 100% accurate because company reduced monthly dividends from $0.18 per share to $0.14 per share beginning in July 2015.
Dividend for August 2015 - June 2016: Correctly stated each month dividend would be stable; 100% accuracy ($0.14 projected vs. $0.14 actual)
BV as of 9/30/2015: $0.05 per share variance; within range ($11.63 projected vs. $11.69 actual)
BV as of 12/31/2015: $0.09 per share variance; within range ($11.74 projected vs. $11.65 actual)
BV as of 3/31/2016: $0.09 per share variance; within range ($11.10 projected vs. $11.01 actual)
Dividend Declaration for Calendar Q2 2015****: Correctly stated low risk for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (April 2015 $0.175 projected vs. $0.175 actual) (May 2015 $0.175 projected vs. $0.175 actual) (June 2015 $0.175 projected vs. $0.175 actual).
Dividend Declaration for September - November 2015: Correctly stated very low risk for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (September 2015 $0.175 - $0.18 projected vs. $0.180 actual) (October 2015 $0.175 - $0.18 projected vs. $0.180 actual) (November 2015 $0.175 - $0.18 projected vs. $0.180 actual).
Special Periodic Dividend Declaration for 2015: Correctly stated high probability of a special periodic dividend paid in December 2015; exactly at my projected mean: ($0.25 - $0.30 projected vs. $0.275 actual).
Dividend Declaration for December 2015 - February 2016: Correctly stated very low risk for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (December 2015 $0.18 projected vs. $0.180 actual) (January 2016 $0.18 projected vs. $0.180 actual) (February 2016 $0.18 projected vs. $0.180 actual).
Dividend Declaration for March 2016 - May 2016: Correctly stated very low risk for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (March 2016 $0.18 - $0.185 projected vs. $0.180 actual) (April 2016 $0.18 - $0.185 projected vs. $0.180 actual) (May 2016 $0.18 - $0.185 projected vs. $0.180 actual).
Dividend Declaration for June 2016 - August 2016: Correctly stated very low risk for a dividend reduction; dividend would be stable; $0.00 per share variance; 100% accuracy (June 2016 $0.18 - $0.185 projected vs. $0.180 actual) (July 2016 $0.18 - $0.185 projected vs. $0.180 actual) (August 2016 $0.18 - $0.185 projected vs. $0.180 actual).
Special Periodic Dividend Declaration for First-Half 2016: Correctly stated high probability of a special periodic dividend paid in June 2016; exactly at my projected mean: ($0.25 - $0.30 projected vs. $0.275 actual).
Q4 2015 Adjusted Diluted EPS: $0.00 per share variance; 100% accuracy ($0.67 projected vs. $0.67 per share actual)
* = Stated there was a 60% probability dividend would be reduced to $0.18 per share; a 30% probability dividend would remain stable at $0.20 per share
** = Stated there was a 45% probability dividend would be reduced to $0.16 - $0.19 per share
*** = Provided within an AGNC article
**** = Provided within a PSEC article
***** = Provided within a NLY article
Tom Dorsey has a BS in Business Administration and a stock analyst for over 20 years.
Improved website! Our recommendations average over 10% each quarter and help accelerate the growth of your portfolio. The overall market is moving sideways, but the results of our selected recommendations have helped investors increase their portfolios every quarter.
We track the overall market, economic conditions, the banking industry and REITs, the oil industry and MLPs As we move forward we describe the effects on your portfolio and how to grow.
The majority of our research has focused on higher paying dividend stocks in REITs and MLPs. Our return is 10% or higher return per quarter that includes the dividends and stock price appreciation. We use concepts called 'analytical sorting" and "90-Day Investment Cycle" that focuses on the effects on the markets and the personal investment strategies. I invest in what I believe in. We ask each person to make their own decisions before investing. Enjoy my articles and visit my website to provide me feedback. The comments are always welcome. Please comment on the articles, and respect each person’s opinion.
Who I Am:
I'm a retired individual investor. I retired at the end of 2013 after a 35 year career as a professor and research scientist at a major research university. My professional life involved multiple international projects and collaborations, so I traveled extensively over those 35 years. I plan to continue doing so in my retirement.
My investing priorities are building and refining portfolios designed to provide income and capital growth: Income for my retirement needs, and capital growth for my estate. My investing philosophy tends toward the long-term, value side of the spectrum, but I'm not opposed to occasional flings on attractive, speculative opportunities.
My investing interests are tax-advantaged income from a range of sources, portfolio strategies, information- and bio-technology, and momentum-based strategic allocation.
Why I Write for Seeking Alpha:
I learned long ago that "writing is nature's way of letting you know how sloppy your thinking is." The line comes from a Guindon comic strip of many years ago, and could not be more true in my case. When I did research professionally, I learned that writing it up forces me to think about details I might otherwise overlook. It's how I spent my working career, so it comes more or less naturally to me. I consider it an essential part and parcel of doing any research. So, the writing I do here is as much for myself as for the reader.
As I started to contribute articles here, they grew out of research for my personal investment portfolios. They're based on things I've uncovered that are of interest to me and may be of interest to others of like mind. For many more-seasoned investors some of the things I write about are old-hat. My primary purposes in writing them are to help clarify my thinking and to get feedback from others who may have very different opinions. It's those thoughtful comments that make Seeking Alpha such an important resource. To that end, I try to actively engage myself in the comment streams in my articles, contributing what I can and learning from others.
As a research scientist I spent a career spanning four decades devoted to free exchange of information vetted by rigorous peer review. It's a concept I firmly believe in. I hope to bring that approach to my interactions and contributions on Seeking Alpha and welcome critical commentary on anything I may contribute here.
I encourage and welcome your comments. I try to respond to most insights, elaborations, and questions to the best of my ability. I especially encourage and appreciate thoughtful comments from those who disagree with me (although I tend to ignore obvious trolls and encourage others to do so as well). So, go ahead, start a conversation in the comment threads. It's one of the best things about Seeking Alpha.
My Investment Philosophies and Strategies:
I maintain two portfolios. My income portfolio is a taxable account. I try to keep it separate from the growth portfolio which is housed in a series of IRAs, traditional and Roth.
My income focus is on tax-advantaged income. In 2016 I face minimum required withdrawals from my tax-deferred accounts, so tax efficiency is an important consideration.With the need to take withdrawals I expect to shift my taxable accounts to more growth-focused (unrealized cap gains) investments. Making this shift while retaining income is my overarching priority for 2015. To that end, I expect to be generating more of my income from options as I gradually phase out my high-yield investments.
The IRAs I see as my estate and are focused on generational wealth building. That means the growth portfolios have a very long term horizon, well beyond what an investor of my age might be expected to maintain.
I am a believer in the precepts of MPT (Modern Portfolio Theory). I'm aware that MPT doesn't get a lot of respect by some of the DIY investors at Seeking Alpha. My readings in the field indicate to me that the research solidly supports the overall MPT approaches to investing. So, I am a believer in diversification. Not the sort of diversification that means I hold equity positions in every sector; the sort that means I hold positions in the full spectrum of asset classes with a watchful eye on correlations and a willingness to rebalance among asset classes, even when it goes against my gut feelings. By asset classes, I mean high level asset classes: Domestic and international equity, sovereign and corporate debt, emerging markets (equity and debt), real estate, commodities and so forth. I try to adapt that approach to both my income and growth investing.
Who Is Left Banker?
Ah yes, the name. When I first joined Seeking Alpha I had no intention of being anything but an occasional reader. I saw it as another research site. So, I just ported a name I've used on other sites. I spent some of the best times of my life living on the left bank of the Seine and am always thrilled to be back in La Belle Paris. It refers, too, to the left bank of the Gironde where some of my favorite wines are produced. When I'm feeling particularly flush, they're one of the splurges I'll treat myself to. So there is a major place in my heart for both common references for Left Banker.
Add that I also like it because I find several subtle word plays there; I'll leave it to you to decipher that comment.
I've chosen to remain anonymous. First, I have no professional role in finance and nothing to sell, so there is no advantage to be gained by "making a name for myself' here. Second, I value my privacy and have kept my internet presence as low-key as my professional life allowed. I certainly want to avoid any possibility of some internet connection trying to track me down. Odds against that happening are, of course, outrageously long, but why take them on at all?
I have no ties to the financial or security industries in any form. My interests are strictly personal. The banker part of the nym has absolutely no relationship to the profession of the same name.
Readers should be aware that I am an investing novice, some might say dilettante. I do not give advice; what I publish is much more in line with a research notebook. Anyone who finds anything of interest will necessarily want to do his or her complete research and due diligence. It would be foolish to rely on my conclusions without having done so.
Fredrik Arnold is my pen name. In 2012 I retired from doing quality service analysis for John Hancock Long Term Care Insurance in Boston then moved to North Carolina in 2013. My fascination with capital preservation, fixed fractional trading, and trading systems keeps me blogging for Seeking Alpha. Most of my articles focus on dividend yields and analyst mean 1 yr targets as stock trading indicators. These are essential tools for catching the most valuable dividend dogs.
Some information about my investing:
* I have been investing my own money (and managing it myself) for over two decades now. I would never let anyone else manage my money and neither should you.
* My portfolio is structured as a "High Yield Strategic Income" portfolio. The portfolio has evolved over the past 20 years. I invest now only in Closed End Funds. I am now at the point in my investing journey that I look for maximum income generation. All distributions are reinvested.
* I make every attempt to tell my fellow investors what they "need" to hear, not what Wall Street and the main stream media think you "want" to hear.
* "Past performance definitely does not guarantee future results". With that said it amazes me that for most investors of dividend stocks, the best they can do is invest in all the same exact S&P company stocks by largest market cap.
* Educate yourself about what people really earn in this country:
Then ask yourself: "How is it possible most people the US can "appear" to be so wealthy?"
It is a starting point to cut through the deception that is the main stream media and Wall Street salespeople.
Also: Everyone no matter what age should watch "Money as Debt"
A personal note:
Our family are active charitable donors to
* The Children's Hospital of Philadelphia
* St. Jude's Children's Hospital
* Ronald McDonald House
These institutions provide valuable services to children and veterans in need. I know this from personal experience. If you are able, please donate a little something every month to each of these organizations. Thank you.
Dale Roberts is an Investment Funds Associate with Tangerine Investment Funds Limited, a subsidiary of Tangerine Bank wholly owned by Scotiabank. My articles are for information purposes only and do not constitute investment advice or an offer or the solicitation of an offer to buy or sell any securities. These articles are my personal opinion and are not those of Tangerine Bank or its subsidiaries. Remember past performance is not guaranteed and may not be repeated. Investment strategies are not suitable for everyone and you should always conduct your own research or speak to a financial advisor.
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QTR's ARTICLES ARE BOUND BY SA'S CONTRIBUTOR POLICY IN ADDITION TO THIS ENTIRE LENGTHY, YET EXTREMELY PERTINENT ADD ON DISCLOSURE, WHICH SERVES AS BOTH A STANDALONE DISCLOSURE AND AN AMENDMENT TO ANY AND ALL DISCLOSURES ALREADY PRESIDING OVER SEEKING ALPHA:
Quoth the Raven's ("QTR") articles are the sole product of QTR and his personal, individual opinions. These articles are not associated with, in any way, the opinions, strategies, or works of QTR's employer, associates, or entities in any way otherwise related to QTR.
(i.e. This are solely my personal thoughts and opinions)
You agree that by reading Quoth the Raven's articles, you are acting at your OWN RISK. In NO EVENT should QTR be liable for any direct or indirect trading losses caused by any information contained in QTR's articles, StockTalks, or other internet-based dissemination methods. Information in QTR's articles are not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. QTR is not suggesting the transacting of any financial instruments and QTR suggests consulting your personal financial adviser with regards to any such transactions.
QTR makes no representations, and specifically disclaims all warranties, express, implied, or statutory, regarding the accuracy, timeliness, or completeness of any material contained in this site. Again, you should seek the advice of your personal financial adviser or a security professional regarding your stock transactions.
QTR does not, in any way, guarantee that he is providing all of the information that may be available on any topic written. QTR recommends, again, that you do your own due diligence and consult a registered financial adviser before buying or selling any security.
QTR most always holds a position in any of the securities profiled in his pieces and he constructs his SA disclosures in accordance with SA's Contributor Policy, to the best of his knowledge in order to maintain transparency and also to uphold and respect pertinent securities laws. QTR may or may not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market.
I am not a stockbroker or financial adviser. I am a casual investor making casual observations for the purpose of discussion and open communication and analysis of companies and stocks. All articles are my opinion only and are not suggestions to buy or sell any equity, bond, option or other financial instrument. QTR may have long or short positions in any tickers mentioned at any time and reserves the right to open, close, or modify positions at all time without notice. My conclusions are the result of my personal due diligence and have been wrong in the past. There are tons of unqualified people out there offering up financial advice and its your responsibility to sort through the BS. You don't hit the button to fill my orders and I don't hit yours, so no whining or praising over stocks covered by me.
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View QTR's Stock Picking Performance for every article at TipRanks:
Eric Parnell, CFA, is the Founder and Director of Gerring Capital Partners. Gerring Capital is a registered investment advisory firm seeking attractive returns opportunities emphasizing value, quality and risk control. Eric also publishes The Universal premium service on Seeking Alpha targeting winning strategies in bear and bull markets across the asset class universe. Gerring Capital implements these strategies for its investors and then Eric discusses them on The Universal. Eric is also a Visiting Instructor at Ursinus College in the Department of Business and Economics. Prior to founding Gerring in 2005, Eric was the Director of Investment Communications at SEI Investments and an Economist at Moody’s Analytics.
My name is Ted Leach. I'm a 65-year-old investor focused on dividends in a Retirement Income Portfolio. I'm not yet in the distribution phase of retirement. After serving as a pastor for 40 years, I'm in a second career and I have two part-time jobs. As Director of Community & Property Care, I'm part of a management team that oversees 123 residential retirement units in multiple locations for a non-profit organization. I also serve a large congregation as a part-time associate pastor.
I've been a member of the National Association of Investment Clubs (NAIC) since 1982, which now operates as BetterInvesting.org. For many years as a volunteer I helped lead workshops to teach tools developed by NAIC to educate investors about how to do basic fundamental stock analysis. I continue to have a strong interest in investor education.
NAIC's historic "four principles" have been very helpful to me:
1) invest regularly throughout your lifetime;
2) invest in growth companies;
3) reinvest earnings and profits;
4) diversify by industry and size.
Bill Bengen's "4% Rule" concept inspired me to set a goal to create a retirement income portfolio of individual dividend growth stocks as a way to tap only dividend income from the portfolio as long as possible rather than selling assets.
Here is my current 25-stock portfolio:
- 5 stocks each with a 5.2% target allocation: JNJ, XOM, MSFT, PG, MMM
- 5 stocks each with a 4.4% target allocation: WMT, MRK, IBM, CMI, GPC
- 5 stocks each with a 3.6% target allocation: EMR, SO, WEC, CNP, HCP
- 5 stocks each with a 3.0% target allocation: PEP, T, O, EPD, WPC
- 5 stocks each with a 2.4% target allocation: UNP, NNN, STAG, MAIN, EVA.
Helpful mentors and colleagues include:
- Charles Allmon, former columnist for Better Investing, taught me to look for growth stocks
- Ben Graham's The Intelligent Investor taught me the importance of intrinsic value
- Peter Lynch instilled confidence that the average citizen can win in the stock market
- Louis Rukeyser demonstrated how to ask probing questions about market conditions
- Brad Thomas introduced me to a host of real estate investment trusts
- Bob Wells' analytical discipline keeps me focused on dividend growth
- Lowell Miller's The Single Best Investment helped me focus on quality and safety
- David Van Knapp's holistic style of portfolio building helps me see the big picture
- David Fish and Factoids inspire me to keep digging for data
- Chowder reminds me that each buy is the purchase of a business
- BDC Buzz has helped me sift through business development companies
- Tom Konrad opened my mind to alternative energy investments
- George Fisher is a helpful "lookout" scanning the horizon for utility opportunities
- The Seeking Alpha community--both veterans and young contributors.
Joe Eqcome is the pen name of Robert A. Frank, CFA, a Wall Street executive who has spent over 30 years as an investment professional. Mr. Frank is the founder of GrowthIncome Research & Management, LLC.
GrowthIncome Research & Management, LLC’s business mission is focused on generating supplemental retirement income through investment in regulated investment companies (“RIC’s” or “investment companies”) whereby the Firm can maximize investment income for its clients by virtue of the RIC’s conduit status.
RIC's include closed-end funds (CEF’s), open-end funds (mutual funds) and exchange traded funds (ETF’s). Other non-RIC, conduit vehicles include real estate investment trusts (REIT’s) and Master Limited Partnerships (MLP’s). Particular emphasis is placed on CEFs given their under-research and inefficient valuations.
Mr. Frank, a chartered financial analyst (CFA), spent his first 20 years in the investment business as a real estate research analyst for the investment banking firm of Alex Brown & Sons, Inc., (later sold to Deutsche Bank) where he was a managing director and group head of the real estate securities researched division.
Mr. Frank was later an executive vice-president, director of equity research and co-head of capital markets at Legg Mason, Inc. Mr. Frank founded Intellectual Capital Markets, Inc., a financial services firm in which he sold his interest; he also served as a real estate investment banker at a regional investment banking firm.
Mr. Frank has been a former "Institutional Investor" All-Star Analyst for multiple years, a featured interviewee for Barron's Magazine multiple times, a guest on Wall $treet Week and Bloomberg TV, former governor of the National Association of Real Estate Investment Trusts (“NAREIT”), charter member of the Berman Institute at the Johns Hopkins University, former Trustee of the University of Baltimore, former Trustee at Friends School of Baltimore, former director of Mid-Atlantic Realty Trust (sold to Kimco Realty Trust, Inc.), recipient of the “Life-Time Achievement Award” by the National Association of Real Estate Investment Trusts and the American Real Estate Society's "Award of Merit".
Robert Hauver publishes The Double Dividend Stock Alert, a monthly investment newsletter that features the best dividend stocks and option selling strategies for income investors.
TipRanks rates DoubleDividendStocks in the Top 25 of all financial bloggers.
The https://www.DoubleDividendStocks.com website also features High Dividend Stocks By Sector Tables, and Covered Calls & Cash Secured Puts Tables, a Dividend Stocks blog, and a a Stock Market News & Data page. 845-225-4094