Strategies & Market TrendsDividend investing for retirement

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To: Elmer Phud who wrote (2619)8/13/2009 9:43:57 PM
From: Paul Senior
   of 29453
I'll have to consider that one. I'm trying to build a position in PFD if I can get shares at my price. Whereas PGF is concentrated in financials, PFD is in financials and utilities. PFD has about s 1% higher dividend than PGF. Drawback is "annual expenses" for PFD are about 2% (ouch) vs. .7% for PGF. PFD seems to still employ leverage too afaik. Which is double dangerous at least, i.e. an 'investor' borrowing to buy the etf where the etf itself is borrowing to a large extent. Scanning PGF, I don't see that they use leverage.

Your idea of PGF on balance, seems better than mine of PFD.

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To: Paul Senior who wrote (2620)8/13/2009 10:40:44 PM
From: Elmer Phud
   of 29453
Paul -

Glad it's of interest to you. I have a rather large position myself (well for me anyway) with some CCs and short Puts. Another nice thing about PGF is that it pays monthly.

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To: Paul Senior who wrote (2618)8/14/2009 1:00:39 PM
From: Steve Felix
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Sorry for the late response, but my computer developed the blue screen of death, and while it is getting worked on, I am using one at my mothers. DSL instead of cable. boo!

I see from my last statement I estimated too high, but still the rates are high. If I do margin it is ususlly under 10k, but this market has been special.

Of course I am only going to pay the 5% while the money is borrowed. lol!

07/01/09 $ (45,757.94) $ 1 8.50 $ 10.80 $
07/02/09 (45,705.69) 6 8.50 64.75
07/08/09 (50,584.64) 1 7.50 10.54
07/09/09 (25,584.64) 1 8.50 6.04
07/10/09 (30,714.59) 4 8.50 29.01
07/14/09 (33,724.54) 1 8.50 7.96
07/15/09 (44,564.21) 2 8.50 21.04
07/17/09 (57,633.96) 3 7.50 36.02
07/20/09 (57,546.96) 1 7.50 11.99
07/21/09 (50,795.05) 1 7.50 10.58
07/22/09 (43,915.95) 2 8.50 20.74
07/24/09 (43,807.95) 3 8.50 31.03
07/27/09 (101,085.80) 2 7.25 40.72
07/29/09 (41,364.29) 1 8.50 9.77
07/30/09 (121,470.55) 1 7.25 24.46
07/31/09 (39,897.12) 1 8.50 9.42
Total Interest Income/(Expense) $344.87

I am not a believer that I could borrow at 5% and put it into something long term and it be worthwhile, let alone profitable.

Trading is another thing. I'm a dividend investor, but that doesn't keep me from trading around it.

Dividend investing can be boring. Even a dividend paying stock returning 20% in six trading days gets no response:

Message 25806969

You generally only see margin talked about as a reason the market is going down further than it should on a pullback or correction. Nobody talks about the profits that can be made when the market is going up. Funneling that money into dividend stocks supercharges the return in the long run.

Message 25804864

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To: Elmer Phud who wrote (2621)8/14/2009 3:03:23 PM
From: Paul Senior
   of 29453
Establishing a position in PGF now, fwiw.

Months late, hoping not too late though.

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From: Paul Kern8/14/2009 3:10:49 PM
   of 29453
DALLAS, Aug. 14 /PRNewswire-FirstCall/ -- The Cushing MLP Total Return Fund (NYSE: SRV) declared its quarterly dividend of $0.225 per common share for the quarter ending August 31, 2009. The dividend will be payable on September 10, 2009 to shareholders of record on August 28, 2009. The ex-date for the dividend is August 26, 2009.

It is anticipated that substantially all of this dividend will be treated as a return of capital. The final determination of such amount will be made in early 2010, after the end of the calendar year when the Fund can determine its earnings and profits. The final tax status of the dividend may differ substantially from this preliminary information.

The Cushing MLP Total Return Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to obtain a high after-tax total return from a combination of capital appreciation and current income. No assurance can be given that the Fund's investment objective will be achieved. The Fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in MLP investments.

The Fund is traded on the New York Stock Exchange under the symbol "SRV." The Fund is managed by Swank Energy Income Advisors, LP, an SEC-registered Investment Advisor headquartered in Dallas, Texas.

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To: Steve Felix who wrote (2617)8/14/2009 3:31:36 PM
From: peter michaelson
   of 29453
I would take that deal, Steve.

Just send me all your securities to use as collateral.


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To: peter michaelson who wrote (2625)8/14/2009 3:33:31 PM
From: peter michaelson
   of 29453
I see a lot of folks reaching into longer term securities in order to be paid a decent current income. Nothing is longer term than most Preferreds.

I hope they all realize they are betting on restrained inflation going forward. Or are they planning to stop out as soon as prices begin to drop?

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From: Paul Senior8/15/2009 2:59:44 PM
   of 29453
OT: One of my better portfolio days today. -gg-
Market is closed so it's impossible on paper for my portfolio to be down. But yet my largest portfolio is UP today! How can that be? -g-. Well okay, some companies have scheduled their distributions to be payable Aug. 15 which today falls on market-closed Saturday. I happen to open my account today to see that goodly dividend distributions have dropped into it this morning from ABT, from the preferred of HRP, and "sort of" from PG. ("reinvestment pending").

I like it when my portfolio seemingly can't fall but can only go up. And I'm enjoying it while I can. Monday may be a different story entirely.

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From: Johnny Canuck8/17/2009 6:28:38 AM
   of 29453
4:28PM Lorillard hikes quarterly dividend to $1 a share (LO) by Carla Mozee
LOS ANGELES (MarketWatch) -- Lorillard Inc. (LO) late Friday said its board approved an 8.7% increase in its quarterly dividend, to $1 from 92 cents a share. The dividend is payable on Sept. 11 to shareholders of record as of Sept. 1, the cigarette maker said.

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From: chowder8/20/2009 1:09:44 AM
   of 29453
8 Dividend Plays For Your Portfolio: Stock Pickers

Posted By: JeeYeon Park | News Associate | 19 Aug 2009 | 04:33 PM ET

While real rebound in the economy is still uncertain, the best investments may be in stocks that pay investors to wait. Dividend plays are back in demand and Michael Crofton, CEO of Philadelphia Trust Company and Tim O’Brien, senior portfolio manager at Evergreen Utility and Telecommunications Fund said they should remain the core of any portfolio.

“Historically, dividend income has accounted for half of the equity investors’ total return and the compounding of income over time has been a powerful builder of wealth,” O’Brien told CNBC.

O’Brien said that since the founding of the Nasdaq, the S&P utilities index has outperformed annually by almost 100 basis points.

Track Latest Dow Utilities Quotes

“The easiest thing for investors to look at is the payout ratio,” he said. “We own a lot of utilities—they’re underperforming a little bit—but the last time utilities underperformed they subsequently went on to return over 20 percent a year.”

In the meantime, Crofton said investors should avoid the financial, homebuilder and some retail companies, but food and some tech names still offer good dividends for investors.

“They have their costs under control and if we see a little bit of revenue growth in the third and fourth quarter of this year, then those stocks can really perform,” Crofton said of the sectors. “But in the meantime, their dividend yields are significant and they’re going to pay us to wait for the market to turn.”

Crofton Likes:





NYSE Euronext

O’Brien Likes:

CMS Energy

Constellation Energy

First Energy

Stocks May Fall 4-5%, Dow 8,800: Portfolio Manager
3 Dow Stocks with High Short Interest


Crofton and his firm owns shares of Coca-Cola, Kraft, Intel and NYSE Euronext.

O’Brien owns shares of CMS Energy, Constellation Energy and First Energy.

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