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Post by xray on Feb 7, 2021 16:22:42 GMT
I basically always follow CEF's [for many years now] and buy/sell accordingly. In the 90's, Morningstar had a super CEF program where we received manuals for their inserts for the bi-weekly CEF information. Unfortunately, like currently, we don't have much interest in understanding or investing in CEF's, so Morninstar discontinued their CEF program and inserted the CEF's with their Mutual funds [and later dropped it]. Occasionally Some of us will buy some security found to be very undervalued. With that said....
I posted on the CEF board that GLO and GLQ [paying their 10% distributions with "SHORT TERM" CAPGAINS] are two of the best buys [going forward]. Appears Seeking Alpha thinks so also. Both increased their distribution by >20% and have been going up accordingly....
Something to look at in meeting your goals and objectives....
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Ed2 months ago
One of the best CEF's one can have in their current portfolio [IMHO]....
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tinyurl.com/57bwmprm
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Disclosure: Some oil us have substantial positions in both CEF's currently and have no immediate plans to initiate either buying/selling activity for next several days....
Note: This is not financial advice. Investors are required to do their own due diligence and consult with a professional who understands your goals and objectives with the highest margins of safety. ...
One single opinion of the many I am sure....
Live long and Prosper....
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Post by xray on Apr 15, 2021 14:16:13 GMT
Interesting that there are [no real posts recently] "few" income investors. I would think that there would be many [especially blue collar retiree's]. With that said:
Dividends and distributions have been "collapsing" with the "continuous" rising market. It appears, on the surface, that those securities "currently" paying some very good dividends will soon be below many investors "R72" requirements and thus the MktPrc's will then stagnate [not increase much if at all]. A wake up "final" call [for those income investors who currently remain "all cash"] as the market rises.....
If a income investor has been looking at a good security [by analysis] to invest in, and has been following it [as it continually rises], this would be a good time to put a "TOE" in the water [0%-2% of current startup portfolio]. One should consider that analysts are way off in their estimated earnings of securities [earnings are currently coming in way higher which is a "tip off" that PE ratio's will be coming down (looking forward)]. Inflows of "CASH" to the market are increasing "substantially"....
Retail sales are up substantially this morning and interest rates are again going "lower" this morning. Airlines are putting more airplanes into terminals, cruises will again soon be starting, etc. New unemployment numb3rs this morning were down from estimates. Bottom line, the economy is coming back strong and we are on the bottom floor of the elevator....
One single opinion of the many I am sure
Live Long and Prosper....
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Post by Chahta on Apr 15, 2021 18:57:20 GMT
Yes, but total return is alive and well in equities. Muni funds are doing OK as well. When I think income I will realize a capital gain and stash it away safe for future income as I did in Jan 2020.
Bottom floor for growth?
One of the best CEF income investors is steelpony from M*. Tried to get him to come here.
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Post by xray on Apr 16, 2021 15:05:18 GMT
For Chahta:
CapGain, dividends and distributions are all part of our ROI which many of us watch closely. Equities and other selected securities are currently in a market runaway. Many of us are doing "much" better than we expected [against our Goals & Objectives] this year and have stashed a lot for a dip in the market [should it occur]....
Live Long and Prosper....
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Post by kathiel on Apr 29, 2021 1:36:39 GMT
I, too, am surprised and disappointed that we don't have more dividend investors posting. Yes, share prices in general have. gone up, which makes the yield of a stock go down. But. if you have held your stocks for a while, your income from th stocks hasn't gone down. Indeed, my stocks keep raising their dividends.
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Post by rhythmmethod on Apr 29, 2021 2:00:55 GMT
I, too, am surprised and disappointed that we don't have more dividend investors posting. Yes, share prices in general have. gone up, which makes the yield of a stock go down. But. if you have held your stocks for a while, your income from th stocks hasn't gone down. Indeed, my stocks keep raising their dividends. Thanks, kathiel, I always enjoy your thoughts even though I'm not a div investor exclusively. What would you buy in today's market for future div. growth? Take good care, RM |
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Post by uncleharley on Apr 29, 2021 12:24:35 GMT
Utilities seem to have a bright future with the Biden's admin proposal for spending on infrastructure and green energy. The DJ utility average has had 6 consecutive down days which means to me that some utilities or Utility funds may be set up for a buying opportunity. UTG has been my fave for a number of yrs. It is a CEF that invests in utilities and other infrastructure. It sells for abt a 2% premium to NAV and pays abt a 6.5% annual dividend, paid on a monthly rate. It will pay its monthly distribution tomorrow so current investors might be rolling their payout into more shares, possibly pushing the price back to where it was.
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Post by Chahta on Apr 29, 2021 13:41:50 GMT
I do not have the expertise for stock picking and I do not want to own as many as it would take at 5% max per stock. But I own SCHD and VEU mainly for the yield. As I approach using the 4% guideline then I like the idea of not reducing shares to get my 4%. Same for bond OEFs.
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Post by anitya on Apr 29, 2021 18:24:16 GMT
Utilities seem to have a bright future with the Biden's admin proposal for spending on infrastructure and green energy. The DJ utility average has had 6 consecutive down days which means to me that some utilities or Utility funds may be set up for a buying opportunity. UTG has been my fave for a number of yrs. It is a CEF that invests in utilities and other infrastructure. It sells for abt a 2% premium to NAV and pays abt a 6.5% annual dividend, paid on a monthly rate. It will pay its monthly distribution tomorrow so current investors might be rolling their payout into more shares, possibly pushing the price back to where it was. BRK (Berkshire) derives a large portion of its revenue from its Utility division, which is also one of the largest clean energy producers. It also owns a lot of tech companies' shares. It is interesting that it is valued only like an insurance company and not getting recognized for its clean energy and tech portfolio. |
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Post by kathiel on May 13, 2021 18:12:30 GMT
I agree that utilities are a good bet - particularly those with major investments in renewables. I bought BEP back in 2018, and my cost basis is $15.xx per share. Back then the yield was higher as well. The dividend has not been cut, but the huge share price increase has lowered the yield. Note that many traditional utilities have invested in renewables, and even some oil majors.
Those of you who know me from my years on M* will not be surprised to hear that I still like pharmas. ABBV has been very good to me (big price appreciation and the great dividend) and PFE is a good bet.
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Post by win1177 on May 13, 2021 21:12:27 GMT
Huge dividend investor here!!! That has always been a significant criteria in my individual stock selections. The vast majority of the stocks I own are dividend growth stocks. However, most dividend stocks are overvalued now, so I’m not adding to many of them. Here are all the dividend stocks I own: AAPL, ABBV, ABT, AEP, AMGN, BLK, CCI, CL, CSCO,CVS, D, DEO, DUK, GILD, INTC, JNJ, KO, LOW, MCD, MCHP, MMM, MRK, MSFT, O, PAYX, PFE, PM, PG, QCOM, SO, T, UN, UNP, UPS, USB, VZ, WFC, WMT, WPC, and XOM. I also hold some non dividend payers- BRK.B, GOOG/ GOOGL, and PYPL. I’m planning on living off dividend income when I retire at the end of this year.
Out of the dividend payers, the only ones that are “close” to buys are some Pharma stocks: ABBV, MRK, GILD, and PFE. Utilities if they come down may be good options- AEP, DUK, SO.
Win
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Post by xray on May 13, 2021 21:20:00 GMT
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Post by anitya on May 13, 2021 22:34:58 GMT
I agree that utilities are a good bet - particularly those with major investments in renewables. I bought BEP back in 2018, and my cost basis is $15.xx per share. Back then the yield was higher as well. The dividend has not been cut, but the huge share price increase has lowered the yield. Note that many traditional utilities have invested in renewables, and even some oil majors. Those of you who know me from my years on M* will not be surprised to hear that I still like pharmas. ABBV has been very good to me (big price appreciation and the great dividend) and PFE is a good bet. Hi Kathie, What service do you use for fair values? I sometimes use M* but I am not impressed by their work. E.g., ABBV, currently over-valued per M*. This company has more than tripled its dividend in the past 8 years, increases its dividend by 10% every year, and the current dividend yield is 4.5%. RHHBY, currently undervalued per M*, with >30% below fair value. It currently pays 2.9% dividend, which is very inconsistent from year to year and has grown less than 30% over the past 8 years. ABBV does have a lot of debt but in this low interest rate environment, RHHBY's low debt is not a shareholder value proposition. |
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Post by uncleharley on May 14, 2021 12:33:56 GMT
xray , Chahta , kathiel , rhythmmethod , uncleharley , anitya , win1177 , Wonderful day for [putting our toe in the water] and buying [additional shares for dollar cost averaging] a few undervalued [dividend] securities at reasonable MktPrc's.... Live Long and Prosper.... I am becoming concerned that the current inflation headlines may not be "transitory" and I may need more than dividends going forward. |
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Post by win1177 on May 14, 2021 14:11:31 GMT
I agree that utilities are a good bet - particularly those with major investments in renewables. I bought BEP back in 2018, and my cost basis is $15.xx per share. Back then the yield was higher as well. The dividend has not been cut, but the huge share price increase has lowered the yield. Note that many traditional utilities have invested in renewables, and even some oil majors. Those of you who know me from my years on M* will not be surprised to hear that I still like pharmas. ABBV has been very good to me (big price appreciation and the great dividend) and PFE is a good bet. Hi Kathie, What service do you use for fair values? I sometimes use M* but I am not impressed by their work. E.g., ABBV, currently over-valued per M*. This company has more than tripled its dividend in the past 8 years, increases its dividend by 10% every year, and the current dividend yield is 4.5%. RHHBY, currently undervalued per M*, with >30% below fair value. It currently pays 2.9% dividend, which is very inconsistent from year to year and has grown less than 30% over the past 8 years. ABBV does have a lot of debt but in this low interest rate environment, RHHBY's low debt is not a shareholder value proposition. Kathie, I also would be interested to know if you have a recommendation for “fair value” from an investment service or website. I used to subscribe to Morningstar Premium, but let it lapse as I felt their quality and website glitches were getting worse each year. Thanks! Win |
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Post by anitya on May 14, 2021 19:59:23 GMT
xray , Chahta , kathiel , rhythmmethod , uncleharley , anitya , win1177 , Wonderful day for [putting our toe in the water] and buying [additional shares for dollar cost averaging] a few undervalued [dividend] securities at reasonable MktPrc's.... Live Long and Prosper.... Good call! |
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Post by xray on May 16, 2021 16:42:53 GMT
Chahta,kathiel,rhythmmethod,uncleharley,anitya,win1177,all
Comment made: We are becoming concerned that the current inflation headlines may not be "transitory" and we may need more than dividends going forward.
This is why a lot of us invest for "both" Dividends and CapGains even though we are considered dividend oriented investors. The traders are currently playing with the income investors [IMHO]. I have taken notice that when the market corrects, the traders come in and buy the occurring "undervalued" securities with the [now] better dividends [from the current correction] and the substantial "lower" MktPrc's. If/when the income investors return to the market "after" panic selling [incorrectly], they sell some of their holdings for CapGains. The dividend x-div becomes important to both "us" and the traders if/when this cycle occurs...
A lot of us do "NOT" hold our securities for the long term but buy/sell with the market so that we can get both the CapGains and Dividends. Most of us will agree that dividend investing must have the CapGain component "attached" and why we must always analyze our portfolio's against what the market is telling us....
Currently, some of us put our toe back in the water on both Thursday and Friday of last week and we will again be adding more shares to our "current" undervalued holdings tomorrow. What many income investors overlook is that, as we go forward into the year, we must "LOCK IN" our CapGains [do not disappear with the up/down market] and try to consistently maintain our "current" dividend %'s. Currently, many of us have locked in our [required] CapGains [and for the year] and continually work on maintaining our original dividends [which is becoming more difficult as we continually buyback in at "higher prices" [market currently always going higher] and is now giving us higher average MktBuyPrc's into our portfolio's. Bottom line is that our [excel] portfolio's must be programmed to indicate "when" to buy/sell so as to take advantage of the CapGain component going forward....
Hint for dividend oriented investors: "IF/WHEN HOLDING A "GOOD PERFORMING" PORTFOLIO HOLDING AND SELLING FOR CAPGAIN, "NEVER" SELL ALL OF IT. SOME OF US GO BACK DOWN [PERCENTAGE WISE] TO A PHASE "0" [0-2%] POSITION AND then GET READY TO DO WHAT THE TRADERS DO [BUYBACK AT A LOWER MKTPRC (IF POSSIBLE) THAN ORIGINALLY SOLD AT] TO KEEP THE AVERAGE MKTBUYPRC [and dividend] INTACT. IF WE HAVE TO BUYBACK AT A HIGHER MKTPRC, WE WILL THEN HAVE TO [IF/WHEN the MARKET IS CONTINUALLY GOING UP] BUT OUR INTENT IS TO "ALWAYS" KEEP THAT "AVERAGE MKTBUYPRC" [OF OUR SECURITY IN OUR PORTFOLIO] LOWER THAN THE CURRENT MKTPRC THAT IS BEING SHOWN TO US. If we haven't already taken notice, the NAV's basically went down last week while the MktPrc's really took off [increasing our portfolio $ values]....
One single opinion of the many I am sure....
Live Long and Prosper....
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Post by kathiel on May 18, 2021 20:45:09 GMT
I am sorry to say, that I have not found any one resource to be great for fair values. I agree that M* is not what it was.
I read many sources, and none impress me as being consistently good at fair values.
Anitay, I have owned RHHBY in the past. The dividend is inconsistent, as is true of many European stocks, and you have to contend with the foreign tax withholding. If you are buying in a taxable account, you can get the tax back when you file your income taxes. If you buy a European stock in an IRA, there s no way to get your tax back. The only foreign stocks I buy are UK and Canadian stocks in my IRAs, so I don't have to deal with that.
As I've mentioned elsewhere, I also buy "old" tech stocks with good cash flow for paying dividends, and they sometimes appreciate dramatically. My most recent example is Seagate. They've paid a good dividend, and the price has recently soared. I sold some at $105 that had a cost basis of $35.00 . I also bought into IBM, which pays a nice dividend and the stock price is going up. A while back, I bought some NTAP held it for a while and sold it for a nice profit.
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Post by xray on May 23, 2021 19:25:54 GMT
kathiel,
Your:
I am sorry to say, that I have not found any one resource to be great for fair values. I agree that M* is not what it was.
I read many sources, and none impress me as being consistently good at fair values.
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The fair value is a problem but if/when in CEF's, the NAV is always "known" each and every day....
Live Long and Prosper....
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Post by kathiel on May 24, 2021 18:13:12 GMT
xray,
The NAV is based on the selling prices of the securities in the CEF. So it's like saying that you can just check the most recent price of any stock and that is th fair value. For me, that isn't enough.
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Post by xray on May 25, 2021 20:11:32 GMT
kathiel, Your: The NAV is based on the selling prices of the securities in the CEF. So it's like saying that you can just check the most recent price of any stock and that is th fair value. For me, that isn't enough. We have to keep in mind that CEF's trade with " VERY LITTLE VOLUME" which can be a very good indicator of what the CEF investors were thinking at the "close of the market". The direction of the market, at the close, is another indicator along [with some other analysis parameters] that some of us are always watching.... Different strokes [investing techniques] for different folks [against investor goals and objectives].... Live Long and Prosper....
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