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OT- Cooking the Books

Posted on 8/5/16 at 8:05 pm
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63873 posts
Posted on 8/5/16 at 8:05 pm
Warning... if you are a Bernie or Hillary supporter, you should steer clear of this topic. This thread is for capitalists who work hard for their money and want their hard earned money to work hard for them. No Wall Street bashing please.




There's a lot of experts here in various dimensions of the financial industry. Insurance, banking, stocks, real estate, derivitives, commodities, etc.


What are some of the best income funds out there right now?

Ideally, one that holds some REITs within it, some high Div utilities, and other income-based equity assets like F, basically are diversified enough for a particular sector to shite the bed and not have too much downside?

Not looking for life insurance or annuity... looking for funds...

Preferably some that don't exceed a $10k minimum initial or $1k monthly commitment.

Thanks in advance!
This post was edited on 8/5/16 at 8:08 pm
Posted by Jefferson Dawg
Member since Sep 2012
31961 posts
Posted on 8/5/16 at 10:35 pm to
Budweiser 6-pack (long neck bottles) at Ingles $6.99

hashtag u r 2 late 4 this
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
14160 posts
Posted on 8/5/16 at 11:50 pm to
If that's what you're looking for I would suggest you look for dividend aristocrat blue chip stocks. Nothing is a value now due to current valuations but have cash ready for the next crash/correction. There were some outright steals in 2009 that anyone paying attention could've cleaned up on. There are solid companies that have raised dividends annually that will always be around. There are tons of lists on the Interwebs.

Income funds worry me because your return is diluted by non performers plus you never really know how much of the yield filters through all of the hands in the pot. As you said in the other thread...if you're looking for yield and the equity price isn't a big concern then look for individual companies that have a solid yield in bulletproof industries.

The rich people that wrote the books on making money in the market didn't do it through funds. They bought low priced stocks of good companies that paid good dividends. We've been sold a bill of goods about funds and indexes.

Posted by Whiznot
Albany, GA
Member since Oct 2013
6998 posts
Posted on 8/6/16 at 12:31 am to
quote:

We've been sold a bill of goods about funds and indexes.

Very true.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63873 posts
Posted on 8/6/16 at 7:25 am to
What you suggest is exactly what I'v already been doing with SO, F, XOM, and T.

I want to expand, but dont have the time to do the prudent reasearch, so looking for the right fund that has done the research for me. Right now, i dont even have time to call either of my brokerages unless I do the jake from state farm thing in the middle of the night.

Eta- agree about current valuations, but i want to have my target in the sights when it becomes trigger time.
This post was edited on 8/6/16 at 8:05 am
Posted by Dawg in Beaumont
Athens
Member since Jan 2012
4494 posts
Posted on 8/6/16 at 7:59 am to
Come on, Jefferson. Any financial expert will tell you to buy in bulk to increase savings.

A 24 pack will only run you about 18.99, go that route.

Separate topic, but I'm a can man. What's the argument in favor of the long neck bottles?
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63873 posts
Posted on 8/6/16 at 8:06 am to
quote:

What's the argument in favor of the long neck bottles?


Glass is better insulated in the hot weather.

In some states, you can get paid to recycle them.

Downside..

The walk of shame to the trash can in the driveway with a sack full of jangling beer bottles.
Posted by samson'sseed
Augusta
Member since Aug 2013
2070 posts
Posted on 8/6/16 at 8:30 am to
YOU should be a Hillary or Bernie supporter, if you are a hard worker. Their policies are favorable to the working class. Republicans exploit the working class. Working class people who vote for republicans are chumps.

I like JDD--Nuveen Diversified Dividend and Income. They have a distribution rate of 8.87%.

I've owned shares of this for years. It always stays within $9-$12 a share, and they invest in REITs.

They don't charge a fee.

There's no growth potential, but at over 8% it will pay back your capital in less than 12 years.
LINK
This post was edited on 8/6/16 at 8:34 am
Posted by Jefferson Dawg
Member since Sep 2012
31961 posts
Posted on 8/6/16 at 8:35 am to
Ribeye steak. $11.99 a pound. That's a "sale" price.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63873 posts
Posted on 8/6/16 at 9:05 am to
quote:

Ribeye steak. $11.99 a pound. That's a "sale" price


Choice or Select?
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63873 posts
Posted on 8/6/16 at 9:11 am to
quote:

I like JDD--Nuveen Diversified Dividend and Income. They have a distribution rate of 8.87%.


Minimums? Not listed on the website.

quote:

and they invest in REITs.


... and emerging market sovereign debt


I'm putting this one on the list, if I can find out what the minimum is.
Posted by DawgsLife
Member since Jun 2013
58902 posts
Posted on 8/6/16 at 9:45 am to
quote:

YOU should be a Hillary or Bernie supporter, if you are a hard worker. Their policies are favorable to the working class. Republicans exploit the working class. Working class people who vote for republicans are chumps.


Actually no. After promising NOT to raise taxes on the middle class, Obama raised them in several areas. Also, Hillary just gave a speech saying she had every intention of raising taxes on the middle class. The only difference in The Dems are they are a little more creative in how they raise taxes. But they say they are the middle classes friend then stick it to us every time. Neither party is great about it. The GOP says they are against raising taxes then cave to the liberals to get other legislation passed.

Just like Obama Care when he promised everybody would have Health Insurance and rates would go down. Common sense tells you that if you give 30 million uninsured people free health insurance that SOMEBODY has to pay for it. My rates went from $551 a month to 625 a month to $725 a month the last three years. Thank goodness for cheaper health insurance through Obama Care, right?




For some reason people just can't understand that you cannot get anything for free. Somebody has to pay for it....the middle class usually. As for Bernie? how are you going to give a free college education away? Somebody will pay for it and it sure won't be the rich, I don't care what Bernie says.
Posted by Jefferson Dawg
Member since Sep 2012
31961 posts
Posted on 8/6/16 at 10:22 am to
Average price of a used car today - about $19 grand.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63873 posts
Posted on 8/6/16 at 10:30 am to
Yall please cease the political jibber jabber. We've got hundreds of pages going for that already. I sidetracked it with finance talk, was scolded, so started this thread instead.

Please understand my plight.
This post was edited on 8/6/16 at 10:31 am
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
14160 posts
Posted on 8/6/16 at 8:58 pm to
i have to say - for the most part I don't care for your posts because of the political slant but this one was gold. I had a limited knowledge of CEF's but after checking on your fund I spent some time doing some research and this is an area that definitely has peaked my interest.

I found an energy CEF that mirrors the equities and market price for an energy fund I own but has been churning out 8%+. For a long term tax free horizon I don't see a downside as long as you stay on top of it. I guess the secret is to make sure the manager is solid and they don't cannibalize their holdings for yield - but based on what I've seen there are some quality CEF's out there. Also, liquidity could be an issue in a crash as they're not as heavily traded.

Good work.

For anyone else - a good article on dividend vs CEF investing. Seekingalpha is a great site.

You may have to join to access...
This post was edited on 8/6/16 at 9:00 pm
Posted by athenslife101
Member since Feb 2013
18552 posts
Posted on 8/6/16 at 9:19 pm to
What if you're a hard worker but not a working class? What if I work for a Wall Street institution and they'll make my day to day life even more difficult, convoluted, and backwards than what regulators already have. I think I'll pass on them. I'm literally at a point where I hate all possible candidates.
Posted by AlaCowboy
North Alabama
Member since Dec 2011
6941 posts
Posted on 8/6/16 at 9:50 pm to
quote:

Ribeye steak. $11.99 a pound. That's a "sale" price.


I have 1200 acres of pasture leased out to a cattle rancher here. Spring and fall he butchers a few cows and brings me a couple dozen Ribeyes and a few racks of rib. I trade my neighbor some hay for pork sausage and chops when he butchers a hog.
Posted by Jefferson Dawg
Member since Sep 2012
31961 posts
Posted on 8/6/16 at 11:00 pm to
quote:

I have 1200 acres of pasture leased out to a cattle rancher here. Spring and fall he butchers a few cows and brings me a couple dozen Ribeyes and a few racks of rib. I trade my neighbor some hay for pork sausage and chops when he butchers a hog.

This seems like a risky deal considering equity yield CEF deferals when compared to market ratio indexes (corrected for cannibalization horizons, of course). Aren’t you worried about liquidity?
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
63873 posts
Posted on 8/7/16 at 8:47 am to
What is the symbol for that one?
Posted by samson'sseed
Augusta
Member since Aug 2013
2070 posts
Posted on 8/7/16 at 9:21 am to
Obama cut taxes on the middle class.

I linked the politifact article on this on another thread last week.

I am too lazy to do it again.

Try reading a newspaper instead of being brainwashed by Fox News and Rush Limbaugh.

The affordable health care act is a conservative plan. It's the only thing they could get passed. That's not what Bernie wants, nor what Hillary fought for in 1993.
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