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gotchurback

gotchurback
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  • Signs Of A Stock Market Top? [View article]
    Great to hear from you James. Looks like the only controversy here is your new picture! Very clever on your part.
    Apr 17, 2012. 08:34 AM | 4 Likes Like |Link to Comment
  • Best Bond Investment Strategy: 'Just Say No!' [View article]
    I hold bonds to hedge my equity portfolio, not because they have a good return. Rather than buying protective puts, I can buy TLT and get paid to hedge. As it goes down TLT will go up, all the time paying me to hedge. Also use BBN, TIP, IEF and VCIT. I guess if you always sell off your stocks you don't need a hedge. But I keep my dividend equities and sell calls. We will soon enter a cyclical bear market. It's no fun watching your dividend stocks and your portfolio drop 10% and more. I control that with bonds rather than puts (and they pay monthly).
    Feb 4, 2013. 11:22 PM | 3 Likes Like |Link to Comment
  • My Definitive 17 Cardinal Rules For Investing Success [View article]
    Hahaha48,
    I have seen your comment so many times and no one ever responds so I guess I will. The author's owning the stock being commented on should be a red flag. It should be obvious that talking up a stock you own is self serving even if well intentioned. The cleanest advice is from an independent party. Proof: just listen to how we talk up our investments to ourselves as well as others. It may be comforting to read someones take on a stock you both own, but are they really your friend? Objectiveness is the challenge and the goal.
    Feb 3, 2013. 09:29 PM | 2 Likes Like |Link to Comment
  • Market Tremors Signal That Something Wicked This Way Comes [View article]
    Eric,
    I didn't see MBB in your holdings. Have you bailed on that as a hedge?
    Loved the Shakespeare!
    Mar 25, 2012. 11:38 AM | 2 Likes Like |Link to Comment
  • U.S. Treasuries: Bears May Be Disappointed Once Again [View article]
    Yes, If someone could direct me to a neg correlated hedge that pays 3% I will stop buying TLT.
    Mar 16, 2012. 07:57 AM | 2 Likes Like |Link to Comment
  • 2012 Investment Choices To Cope With The 'Great Contraction' [View article]
    Yes, everyone please stay out of mREITS, thank you. (Or you will lower my dividend.)
    Jan 16, 2012. 03:23 PM | 2 Likes Like |Link to Comment
  • Is It Time To Hedge Your High-Yield Portfolio? [View article]
    Does today answer that question?
    (Is It Time To Hedge Your High-Yield Portfolio?)
    Apr 5, 2013. 03:19 PM | 1 Like Like |Link to Comment
  • Stocks: Are They Worth All Of The Drama? [View article]
    Thank you Eric, that confirmation helps. I've kept TLT as a hedge, which hasn't been needed since last fall. You played that correctly. BAB is safer than BBN, but doesn't serve to hedge much. Hedging is the only reason I hold bonds at 30%. I got tired of wasting money on short duration protective puts.

    ArtuM, thanks for pointing out ability to write options as those have helped to increase my return on those bond ETFs.
    Feb 6, 2013. 11:35 PM | 1 Like Like |Link to Comment
  • Stocks: Are They Worth All Of The Drama? [View article]
    Eric,
    thanks for the article. Have you gotten out of BBN and TLT? Would you be in favor of IEF or VCSH now?
    Thanks in advance for your guidance.
    Feb 6, 2013. 01:51 PM | 1 Like Like |Link to Comment
  • Exxon Mobil: Valuation Discussion [View article]
    It is my understanding that stock buybacks add no increase in return for a long term shareholder. Buybacks are done en lieu of dividend increases, capital improvements (which grow the return), or acquisitions which pays retail for growth and only increases gross sales, rarely profit.
    The only one that benefits from buybacks are those that are going to sell the stock, not the long term investor. I believe most investors do not realize this.
    Dec 31, 2012. 08:41 AM | 1 Like Like |Link to Comment
  • Stocks: Why One More Major Correction Still Lies Ahead [View article]
    Eric,
    thanks again for your insight. Could you overlay your investments onto the 12 year S&P chart above, including the price of gold?
    Might be interesting...
    May 25, 2012. 09:07 AM | 1 Like Like |Link to Comment
  • Germany's Dilemma And The Future Of The Eurozone: Part 2 [View article]
    James,
    If one looks at S&P annual returns in prior world crisis years I believe there is no certain correlation to a bear market.
    Could it be you are correct about Europe, but could be wrong about it's actual impact on the market?
    I believe that is point of contention.
    Feb 4, 2012. 02:28 PM | 1 Like Like |Link to Comment
  • James Kostohryz Positions For 2012: 100% Cash The Only Way To Play This Market [View article]
    James,
    thank you for your SA structured article. One thing I have learned is to read and listen for value. When one stops doing that they are hurting themselves. The average investor is myopic and clueless to your point of view, but their comments have value too. However, probably not as they intended.
    Keep crying in the wilderness, James!
    Dec 22, 2011. 02:57 PM | 1 Like Like |Link to Comment
  • Why I Bought National Oilwell Varco [View article]
    Why is this stock so volatile long term compared to the oil companies?
    Feb 25, 2013. 11:29 AM | Likes Like |Link to Comment
  • Stocks: Are They Worth All Of The Drama? [View article]
    ArtuM,
    Thanks for the put spread examples with TLT though I was describing how I hedge my overall equity portfolio by holding TLT shares, writing ATM leap calls on them and buying OTM SPY puts for hedging beyond the TLT hedge (say beyond a 10% drop). I'm just trying to stay in the game and you're winning it!
    Feb 7, 2013. 04:51 PM | Likes Like |Link to Comment
COMMENTS STATS
28 Comments
22 Likes