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Post by richardsok on Feb 27, 2023 16:44:29 GMT
As I remember, Cliff got a time out on M* for something he said and decided not to come back. I'm sure he is in California. He had just gotten married before that so he may have had better things to do. ElLobo got permanently banned. He is now living in Texas. Munchkin Man was a world class checker player at one time. He is also one of the main reasons the Bogleheads left M* to start their own board because of the lack of monitoring there at the time. El Lobo is Chuck Wolfe on Facebook, where he posts quite prolifically. He would be glad to make contact with you all on Facebook. He doesn't care about inversting forums now. Thanks for the post. Turns out there's about twnety Chuck Wolfe guys up on FB. Could you narrow down which one is our Lobo? (Most make no mention of what state they're in.) Maybe just by mentioning what he is wearing in his intro photo would do the trick. I'd like to get in touch with him. TIA
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Post by retiredat48 on Feb 27, 2023 21:19:06 GMT
El Lobo is Chuck Wolfe on Facebook, where he posts quite prolifically. He would be glad to make contact with you all on Facebook. He doesn't care about inversting forums now. Thanks for the post. Turns out there's about twnety Chuck Wolfe guys up on FB. Could you narrow down which one is our Lobo? (Most make no mention of what state they're in.) Maybe just by mentioning what he is wearing in his intro photo would do the trick. I'd like to get in touch with him. TIA Many moons ago, El Lobo stopped by my home/club in Florida and we had a long lunch together. Enjoyed it. But he was getting frustrated with some posters. Just checked...I don't have his contact info handy. R48
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Post by yakers on Feb 27, 2023 21:24:17 GMT
Munchkin Man was a world class checker player at one time. He is also one of the main reasons the Bogleheads left M* to start their own board because of the lack of monitoring there at the time. I remember MM,irritating, but I sort of remember Diehards/Bogleheads moving over H#CUS (don't even want to spell it outright) and while I am a bit curious I'm better of not nowing what happened to him.
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Post by mozart522 on Feb 27, 2023 23:00:11 GMT
El Lobo is Chuck Wolfe on Facebook, where he posts quite prolifically. He would be glad to make contact with you all on Facebook. He doesn't care about inversting forums now. Thanks for the post. Turns out there's about twnety Chuck Wolfe guys up on FB. Could you narrow down which one is our Lobo? (Most make no mention of what state they're in.) Maybe just by mentioning what he is wearing in his intro photo would do the trick. I'd like to get in touch with him. TIA His page features a yellow jeep with a tweety bird on the hood. www.facebook.com/chuck.wolfe.7
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Post by steadyeddy on Feb 28, 2023 0:06:59 GMT
Yeah I remember EL.. if I remember correctly he manages his sister's portfolio as well. Maybe he will come join us here?
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Post by Chahta on Feb 28, 2023 2:08:17 GMT
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Post by Chahta on Feb 28, 2023 2:09:36 GMT
Yeah I remember EL.. if I remember correctly he manages his sister's portfolio as well. Maybe he will come join us here? He has no interest in posting anymore, other than FB.
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Post by FD1000 on Feb 28, 2023 5:15:16 GMT
I remember El Lobo very well, we discussed for years TR vs income. El Lobo went big into MLP. Then he doubled up investing in 200% MLP such as MRRL+SDYL. In march 2020, MRRL+SDYL liquidated, gone, lost everything, others such as AMZA, a typical generic MLP lost 80+%. El Lobo stopped posting. I kept his holdings from 2020. See below a chart of AMZA=InfraCap MLP ETF vs SPY. BTW, I really tried to help the guy. Attachments:
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Post by anovice on Feb 28, 2023 12:18:33 GMT
I remember El Lobo very well, we discussed for years TR vs income. El Lobo went big into MLP. Then he doubled up investing in 200% MLP such as MRRL+SDYL. In march 2020, MRRL+SDYL liquidated, gone, lost everything, others such as AMZA, a typical generic MLP lost 80+%. El Lobo stopped posting. I kept his holdings from 2020. See below a chart of AMZA=InfraCap MLP ETF vs SPY. BTW, I really tried to help the guy. I seem to remember that he had little concern how low the price of the ETFs went so long as he had his income stream.
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Post by steadyeddy on Feb 28, 2023 12:32:35 GMT
I remember El Lobo very well, we discussed for years TR vs income. El Lobo went big into MLP. Then he doubled up investing in 200% MLP such as MRRL+SDYL. In march 2020, MRRL+SDYL liquidated, gone, lost everything, others such as AMZA, a typical generic MLP lost 80+%. El Lobo stopped posting. I kept his holdings from 2020. See below a chart of AMZA=InfraCap MLP ETF vs SPY. BTW, I really tried to help the guy. FD1000 , thank you for tracking EL's holdings and posting a graph - although none of us know for sure if he held on to them. Nonetheless, this post will help many investors as an educational item in illustrating the dangers of chasing yield. Appreciate it.
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Post by mozart522 on Feb 28, 2023 12:43:47 GMT
Yes, a true income investor. Initially, he was 100% VWEHX, but branched out after 2008. He eventually got into ETNs and left Vanguard when they quit allowing him to hold or buy them there. And yes, thousands of posts about TR vs income.
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Post by Chahta on Feb 28, 2023 13:00:58 GMT
ElLobo seems to be doing well in retirement. If he is funding his own retirement to his satisfaction then it is a success no matter how he did it.
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Post by chang on Feb 28, 2023 13:09:27 GMT
Two favorite old posters were chamois (what a shock when we found out who he was) and oildog, probably the smartest investor on M*. Miss them both.
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Post by mozart522 on Feb 28, 2023 13:22:21 GMT
ElLobo seems to be doing well in retirement. If he is funding his own retirement to his satisfaction then it is a success no matter how he did it. Of course.
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Post by Chahta on Feb 28, 2023 14:09:54 GMT
I remember El Lobo very well, we discussed for years TR vs income. El Lobo went big into MLP. Then he doubled up investing in 200% MLP such as MRRL+SDYL. In march 2020, MRRL+SDYL liquidated, gone, lost everything, others such as AMZA, a typical generic MLP lost 80+%. El Lobo stopped posting. I kept his holdings from 2020. See below a chart of AMZA=InfraCap MLP ETF vs SPY. BTW, I really tried to help the guy. I seem to remember that he had little concern how low the price of the ETFs went so long as he had his income stream. That is generally how income investors view things. If not then they are TR investors.
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Post by mozart522 on Feb 28, 2023 15:38:48 GMT
I seem to remember that he had little concern how low the price of the ETFs went so long as he had his income stream. That is generally how income investors view things. If not then they are TR investors. Then there are those who value both; 3-4% income + decent TR like Wellesley for example.
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Post by Chahta on Feb 28, 2023 16:08:35 GMT
That is generally how income investors view things. If not then they are TR investors. Then there are those who value both; 3-4% income + decent TR like Wellesley for example. But then again they might care about price and don't complain. I'm talking about real income investors......the 8+% leveraged CEF investors. But then again they might care about price and don't complain.
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Post by liftlock on Mar 1, 2023 4:15:58 GMT
I remember El Lobo very well, we discussed for years TR vs income. El Lobo went big into MLP. Then he doubled up investing in 200% MLP such as MRRL+SDYL. In march 2020, MRRL+SDYL liquidated, gone, lost everything, others such as AMZA, a typical generic MLP lost 80+%. El Lobo stopped posting. I kept his holdings from 2020. See below a chart of AMZA=InfraCap MLP ETF vs SPY. BTW, I really tried to help the guy. I seem to remember that he had little concern how low the price of the ETFs went so long as he had his income stream. I have the same recollection. I especially remember El Lobo's investment in SDYL, a 2x leverage ETN version of the dividend aristocrats ETF ticker SDY. He liked the 2X dividend for the cash flow and was willing to tolerate the 2x price volatility. SDYL traded at a high of about $102 a share in January 2020. It traded down to $32.21 a share at the March 2020 lows. The SDYL liquidated in November 2020 at $85.79 a share. Imagine if the fund had liquidated at the March low.
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Post by retiredat48 on Mar 1, 2023 15:51:27 GMT
I seem to remember that he had little concern how low the price of the ETFs went so long as he had his income stream. I have the same recollection. I especially remember El Lobo's investment in SDYL, a 2x leverage ETN version of the dividend aristocrats ETF ticker SDY. He liked the 2X dividend for the cash flow and was willing to tolerate the 2x price volatility. SDYL traded at a high of about $102 a share in January 2020. It traded down to $32.21 a share at the March 2020 lows. The SDYL liquidated in November 2020 at $85.79 a share. Imagine if the fund had liquidated at the March low. liftlock,...who posted "Imagine if the fund had liquidated at the March low."Comment. Actually, no change. No change in the value of assets he would have owned at that March time. You get back the per share asset value less various admin and liquidation expenses. Then search for another investment. Whenever we sell anything, we liquidate. R48
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Post by liftlock on Mar 1, 2023 17:51:25 GMT
I have the same recollection. I especially remember El Lobo's investment in SDYL, a 2x leverage ETN version of the dividend aristocrats ETF ticker SDY. He liked the 2X dividend for the cash flow and was willing to tolerate the 2x price volatility. SDYL traded at a high of about $102 a share in January 2020. It traded down to $32.21 a share at the March 2020 lows. The SDYL liquidated in November 2020 at $85.79 a share. Imagine if the fund had liquidated at the March low. liftlock ,...who posted "Imagine if the fund had liquidated at the March low."Comment. Actually, no change. No change in the value of assets he would have owned at that March time. You get back the per share asset value less various admin and liquidation expenses. Then search for another investment. Whenever we sell anything, we liquidate. R48 The concern would be finding a replacement that maintained the 2x leverage for the subsequent price rebound while maintaining the 2x cash flow and the high quality of stocks in the portfolio. I have not researched alternatives, but I think El Lobo considered SDYL to be unique for a 2x fund because it held an ETN proxy the higher quality dividend aristocrats.
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Post by retiredat48 on Mar 2, 2023 0:30:00 GMT
liftlock ,...who posted "Imagine if the fund had liquidated at the March low."Comment. Actually, no change. No change in the value of assets he would have owned at that March time. You get back the per share asset value less various admin and liquidation expenses. Then search for another investment. Whenever we sell anything, we liquidate. R48 The concern would be finding a replacement that maintained the 2x leverage for the subsequent price rebound while maintaining the 2x cash flow and the high quality of stocks in the portfolio. I have not researched alternatives, but I think El Lobo considered SDYL to be unique for a 2x fund because it held an ETN proxy the higher quality dividend aristocrats. R48 reply: Fair enough.
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bruce
Lieutenant
Posts: 56
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Post by bruce on Jun 10, 2023 1:18:00 GMT
I remember El Lobo very well, we discussed for years TR vs income. El Lobo went big into MLP. Then he doubled up investing in 200% MLP such as MRRL+SDYL. In march 2020, MRRL+SDYL liquidated, gone, lost everything, others such as AMZA, a typical generic MLP lost 80+%. El Lobo stopped posting. I kept his holdings from 2020. See below a chart of AMZA=InfraCap MLP ETF vs SPY. BTW, I really tried to help the guy. In one of ElLobo's posts, he informed members at M* that he had sold all of his stocks, and as of 2-29-2020, his entire investment portfolio consisted of four highly leveraged products. He explained that for his "bond" portion, he used PCI and PFFL. Most of his funds went to "equity" in the form of MRRL and SDYL. MRRL imploded a month later, and the other three have substantially trailed the S & P. The latest I heard was that he was driving a van transporting crewmembers and working night security at a hospital; that was a couple of years ago. I hope he is doing well.
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Post by steadyeddy on Jun 10, 2023 2:36:40 GMT
I remember El Lobo very well, we discussed for years TR vs income. El Lobo went big into MLP. Then he doubled up investing in 200% MLP such as MRRL+SDYL. In march 2020, MRRL+SDYL liquidated, gone, lost everything, others such as AMZA, a typical generic MLP lost 80+%. El Lobo stopped posting. I kept his holdings from 2020. See below a chart of AMZA=InfraCap MLP ETF vs SPY. BTW, I really tried to help the guy. In one of ElLobo's posts, he informed members at M* that he had sold all of his stocks, and as of 2-29-2020, his entire investment portfolio consisted of four highly leveraged products. He explained that for his "bond" portion, he used PCI and PFFL. Most of his funds went to "equity" in the form of MRRL and SDYL. MRRL imploded a month later, and the other three have substantially trailed the S & P. The latest I heard was that he was driving a van transporting crewmembers and working night security at a hospital; that was a couple of years ago. I hope he is doing well. Isn't ElLobo the guy that moved to Texas? I remember seeing some info about that on this forum, unless I am sorely mistaken.
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Post by roi2020 on Jun 10, 2023 3:25:21 GMT
I recall ElLobo was very bullish on leveraged MLPs years ago. I thought he resided in Pennsylvania at the time. My recollection regarding his state residency may be wrong or perhaps he later moved to Texas?
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Post by anovice on Jun 10, 2023 14:42:28 GMT
I recall ElLobo was very bullish on leveraged MLPs years ago. I thought he resided in Pennsylvania at the time. My recollection regarding his state residency may be wrong or perhaps he later moved to Texas? Moved to Texas. Befitting.
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Post by ElLobo on Jun 22, 2023 23:39:02 GMT
As I remember, Cliff got a time out on M* for something he said and decided not to come back. I'm sure he is in California. He had just gotten married before that so he may have had better things to do. ElLobo got permanently banned. He is now living in Texas. Munchkin Man was a world class checker player at one time. He is also one of the main reasons the Bogleheads left M* to start their own board because of the lack of monitoring there at the time. El Lobo is Chuck Wolfe on Facebook, where he posts quite prolifically. He would be glad to make contact with you all on Facebook. He doesn't care about inversting forums now. Richardsok (whatever his name is on these forums) reached out to me this week to stop by. I resurrected the general account I had set up here whenever it first started. I had to figure out how to post something, so here I am! First, I have been on Facebook longer now than whenever I frequented M*. My FB account is www.facebook.com/chuck.wolfe.7. All of my contact information there is correct. Whenever I was banned on FB, as was my good friend, Not Einstein, I was living in western Pennsylvania, close to my sister. A few years back, we agreed to have her portfolio managed by her tax guy, given that I had managed it from the time her first husband died and I took over all kinds of financial responsibilities for her, including the sale of two homes, a move from Texas back home to Pennsylvania, and the construction of a new townhome. She remarried, her new husband has his own business, and it was just too complicated for me to continue in that role. I frequented the Income and Dividend Investing M* forum almost exclusively from the standpoint of being an early retired engineer (I retired, at age 58, in 2003). The major goal, in those days, was to take a real, inflation adjusted 4% from one's portfolio, considered a 'safe' retirement withdrawal. There were two ways to achieve it: Invest for 'total return', expecting your average annualized TR to be 4%, or greater, for an expected 30 year retirement lifetime. OR construct a portfolio that generated a real, inflation adjusted YIELD of 4% and expect it to do so for 30 years. Most of us, in those days, considered a yield focused portfolio to be easier to construct and be safer than a TR focused portfolio. At any rate, in the very early years of the M* forums, there were a ton of people who could discuss this concept in an intelligent way. I think the D&I forum was, at one time, the one with the second highest number of postings, after the Vanguard forum. Anyhow, after a while, after going over all that stuff numerous times, it became boring. Other discussions, in particular, political discussions, were more interesting, especially those related to COVID, which was the major topic under discussion whenever I was banned. I retired in August, 2003, during the major cutbacks at Boeing, following 9/11. I kept busy the first 10 years by working on the 15 acres of property I had in southwest Washington State. I divorced and moved back to Western Pennsylvania in 2013, keeping busy by doing volunteer work at a Pennsylvania State historical site, Old Economy Village, where I did database and spreadsheet work for the Curator. After I got fired from that volunteer job, I took two jobs to keep busy, one to drive a cab hauling railroad engineers and conductors around the area, the second as a Security Officer. I lost that security job whenever the COVIC shutdowns hit and I moved from Pennsylvania to Texas the week after the 2020 election. I returned to security in late 2021, to keep busy. I live in a 62+ retirement village, but I bought 5 acres of recreational property in the Sangre de Cristo mountains in southeastern Colorado, which I am currently developing into a permanent campsite with all utilities. We keep our small RV parked there all year round. I am on my 4th. Jeep, which I take off-roading and rock crawling. Colorado, and Utah, are the states with the most trails to conquer. I am living on my pension and Social Security. My work takes care of fixing things on my Jeep that I break.
Nobody here cares about any of this, but it's still nice to see people still remember me.
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Post by steelpony10 on Jun 23, 2023 1:19:52 GMT
Hey ElLobo , glad all is well. Thanks to richardsok , for getting you to check in.
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Post by chang on Jun 23, 2023 4:58:38 GMT
Welcome ElLobo. Nice to see old M* posters. I’m on my first Jeep (2022 Wrangler 4xe JL Unlimited) and loving it!
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Post by oldskeet on Jun 23, 2023 11:51:03 GMT
Hi Chang. I put 240,000+ miles on my Jeep Commander when I finally and recently let it go. From what I am told it is still on the road with another happy owner. Through the years I have owned six jeeps of various models and none of them were duds. I hope yours will do you as well as mine have done me.
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Post by steadyeddy on Jun 23, 2023 11:54:27 GMT
Welcome back ElLobo! A lot of us have regathered on this forum from various places, more importantly from M* forum. Do stop by often and share your perspective. Are you still investing?
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