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  • If I Had To Build An Income Portfolio Today - Update 1 [View article]
    "Buying high yield bonds (for example) in a fund greatly reduces the risks. "

    Except one: redemption risk. Bond funds have to sell into market declines to meet redemptions, causing principal losses.
    Nov 20, 2015. 12:14 PM | 7 Likes Like |Link to Comment
  • GT Advanced Technologies' Deal With Apple Seems A Very Reasonable Outcome [View article]
    Wasn't it the Apple loan that drove them into BK in the first place? So with that debt extinguished, what does the balance sheet look like?
    Nov 4, 2015. 06:21 PM | Likes Like |Link to Comment
  • Retired Investors: A Portfolio For Withdrawing Your Annual RMD Without Withdrawing Principal [View article]
    Wait, what? What is the difference between "funds" and "income?"
    Oct 30, 2015. 01:23 PM | Likes Like |Link to Comment
  • Upstream MLPs May Be The Best Bet To Profit From An Oil Price Recovery [View article]
    I use it, but the K-1s are still a giant PITA. All of them include lines for which the calculations are dependent on the individual situation, so you are left trying to comprehend the IRS instructions, which in turn require understanding the details of your MLP income, whether you should "elect" certain treatments of certain parts, etc... Not worth it any more.
    Oct 29, 2015. 01:16 PM | 3 Likes Like |Link to Comment
  • Equity CEFs: Where Are The Best CEF Opportunities Now? [View article]
    Been watching the discount widen on several funds, including AOD which went past -16% recently. Good to hear from Doug Albo that this looks like opportunity.
    Oct 20, 2015. 12:36 PM | Likes Like |Link to Comment
  • $1 Million Is Not What It Used To Be In Retirement [View article]
    It looks like your model is very sensitive to certain input assumptions; changing the volatility, spending, etc. by small percentages makes a big difference in the result. That means its predictive power is very poor. It might still be a valuable _comparative_ tool, which I think is how you are using it.

    No model can accurately predict a 25-year future, Monte Carlo or not; the best that can be done is to compare alternatives and see which has the better probability. This is a problem of expectations - many (most?) retirees want some certainty, someone to tell them how much money they need. Financial advisers respond with models like this, which appear to provide the answers, but the future remains just as uncertain as ever.

    Adaptability is the key concept, left out of these kinds of anallyses, but hinted at in your penultimate paragraph. If one adjusts spending to match income over time, one's probability of never running out of money increases dramatically.
    Oct 9, 2015. 12:54 PM | 1 Like Like |Link to Comment
  • Solar Industry Recap: Tide Out, JinkoSolar Still Wearing Pants [View article]
    User - How did that prediction work out for you?
    Sep 29, 2015. 02:14 PM | Likes Like |Link to Comment
  • A Proper Introduction To New Residential Investment Corp (Part 2) [View article]
    jason - "Never is too long a word, even for Ents."
    Sep 29, 2015. 01:08 PM | 1 Like Like |Link to Comment
  • Weighing The Week Ahead: Will Global Weakness Drag Down The U.S. Economy? [View article]
    "The bottom line is people still need medicines and new treatment for weird illnesses." That is true, but it is not the "bottom line," rather it is somewhere farther up in the document. Closer to the bottom line is who will pay for these medicines and treatments, and how much they will pay. The bottom line, of course, is how much all of this will be worth.

    People still need a lot of things (water, food, oil, etc), but that doesn't mean you can profit from making or selling them.
    Sep 28, 2015. 05:59 PM | Likes Like |Link to Comment
  • Premarket Gainers / Losers as of 9:10 am [View news story]
    The number for SNR must be an error.
    Sep 1, 2015. 01:16 PM | Likes Like |Link to Comment
  • Weighing The Week Ahead: What Are The Lessons From The Market Turmoil? [View article]
    The only people who don't think a Postal Service is valuable are those with a strong anti-government ideology, and those who don't care if it costs $10 to send a letter.
    Aug 31, 2015. 11:08 PM | 2 Likes Like |Link to Comment
  • Bank Of Nova Scotia Dividend Stock Analysis 2015 [View article]
    The Monday panic was a great time to get into BNS! Glad I waited.
    Aug 28, 2015. 12:55 PM | Likes Like |Link to Comment
  • Prospect Capital: FQ4 2015 Results [View article]
    "they would not proceed unless the economics made sense."
    A specific question met with a vague answer. Does that mean they won't proceed if they can't get current fair value?
    Aug 28, 2015. 12:19 PM | Likes Like |Link to Comment
  • Rebuilding The Wall Of Worry [View article]
    "value investors are supposed to buy when others are fearful. It is so hard to execute this when the time comes."

    True, but it's even harder to sell when others are confident!
    Aug 21, 2015. 12:28 PM | 2 Likes Like |Link to Comment
  • Linn Energy and LinnCo tumble; rumor swirls [View news story]
    WTF?! When this kind of thing moves a stock, it's not really an investment any more.
    Aug 21, 2015. 12:05 PM | 17 Likes Like |Link to Comment