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jbzw

jbzw
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  • The Best Long Opportunity For The Remaining Days Of 2012: Ocean Shore Holding [View article]
    I think the buyback will push the price to just over twenty. Thanks.
    Mar 4, 2015. 09:19 AM | Likes Like |Link to Comment
  • Sandridge Energy Preferred Convertible: A 17.2% Yield With The Potential For A 60% Capital Gain [View article]
    For me the comparison between the bond and the preferreds makes the choice involving SD very easy. I would rather be a creditor in the form of a bondholder than an owner of this company.To make a very nice return on my investment, I do not need for SD to shine in the future. I only need it to survive until my bonds are paid. I can invest as a shareholder in many other companies with a much safer risk/reward. The energy patch is a minefield.I want to be in it, but only as a creditor.
    Mar 3, 2015. 11:47 AM | 1 Like Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #68 [View instapost]
    SG- you have made my day! I thought I was the only retired lawyer who wanted to avoid dealing with other lawyers. Maybe, we spent too much time in MC where you are taxed five cents a bag. lnvesting sure beats billing time and dealing with jerks daily. Thanks.
    Mar 2, 2015. 03:17 PM | 1 Like Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #68 [View instapost]
    Thanks again. I own all of those, together with some Linn ,MHR, NRP, Parker, and Breitburn.
    Feb 28, 2015. 05:37 PM | Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #68 [View instapost]
    T and SG: Thanks.
    Feb 28, 2015. 02:23 PM | Likes Like |Link to Comment
  • EXCO Resources: Weathering The Storm [View article]
    And the gift that keeps on giving. The dealer cannot put windmills on the tops of my vehicles. My neighbor cannot charge his green car without electricity. The snow has covered solar panels throughout the country. The list goes on and on. There are ups and downs in all markets....
    Feb 28, 2015. 01:54 PM | Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #68 [View instapost]
    After the jump in price when PVA discussed a possible sale, I sold my bonds. I have also exited Northern Oil and Gas. Can you share the names of the ones you have sold? Thanks.
    Feb 28, 2015. 01:46 PM | Likes Like |Link to Comment
  • SandRidge Energy: A Good Buy Or Goodbye? [View article]
    Thank goodness for the difference! Being a creditor as a bondholder has been a very nice space this year in contrast to being a shareholder. The bonds have been doing well for me and I have confidence in this company staying in business long enough to pay them.
    Feb 28, 2015. 01:35 PM | 2 Likes Like |Link to Comment
  • Best Ways To Invest -- What's Your Opinion? A Place To Share Ideas! #68 [View instapost]
    Please do not take that comment seriously and keep doing what you do so well. Thanks.
    Feb 27, 2015. 07:29 PM | 2 Likes Like |Link to Comment
  • The Roth Advantage No One Talks About [View article]
    The fact that folks take their MRD does not necesarily mean that the withdrawals will not be reinvested. However, as things presently stand there may not be enough employed ones to make new investments.
    Feb 26, 2015. 12:28 PM | Likes Like |Link to Comment
  • Goodrich Petroleum Longs Should Consider Swapping Into The GDPAN Preferred Convertible [View article]
    I look forward to your take on bonds. Thanks.
    Feb 26, 2015. 12:18 PM | Likes Like |Link to Comment
  • Goodrich Petroleum Longs Should Consider Swapping Into The GDPAN Preferred Convertible [View article]
    You are certainly correct. However, the author has also referenced the possiblility of a distressed buyout scenario in which event a bondholder may far better than a shareholder. Additionally, on occasion debt will be refinanced to a longer period to avoid default. In that regard, the large position that Fairfax has in Sandridge Energy, makes its bonds worth consideration for a small position. One key in this energy area is to diversify as I know we both are. Thanks.
    Feb 26, 2015. 11:55 AM | Likes Like |Link to Comment
  • Goodrich Petroleum Longs Should Consider Swapping Into The GDPAN Preferred Convertible [View article]
    Thanks for your detailed article. However, I prefer the 8.875% 3/15/2019 bond (Cusip 382410AF5) currently trading in the low forties. If one is going to be in this high risk area, I would prefer to be a creditor and not an owner.
    Feb 26, 2015. 11:37 AM | Likes Like |Link to Comment
  • The Roth Advantage No One Talks About [View article]
    Another advantage almost no one ever discusses involves the conversion to a Roth from an IRA of bonds in kind. Bonds can be converted in kind from an IRA to a Roth. The transaction is taxed on the fair market of the bond on the date of the transfer. However, the carried interest moves into the Roth account tax free. Since most bonds pay interest twice a year, I do my transfers just several days before the interest is paid. I always discuss this little known advantage with my accountant before implementation. Also, there have been some comments made to the effect that non-Roth retirement funds should be spent first. For some individuals, a mixed approach including Roth withdrawals may make more sense after taxes are considered. It is not what you make, but what you keep keep that is important. Income during retirement years should not be diminished by unnecessary taxes. There is no one size fits all. Good luck to everyone.
    Feb 26, 2015. 10:35 AM | 8 Likes Like |Link to Comment
  • The Roth Advantage No One Talks About [View article]
    If your MRDs cause you to pay taxes on your Social Security payments, you may be paying a high price to be happy. I can withdraw whatever I choose from my Roth without any tax impact.
    Feb 25, 2015. 10:59 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
827 Comments
500 Likes