Replies to post #178 on High-yield/macroeconomics (fka YIELD)

[blackcat]

Hi,

I own PGH. They cut the dividend for next month by 10% I believe. They know they need to reduce the payout, but I think they're taking it back slowly.

We are now ex-div so our hockey stick trend should level out. I will add more slowly also, I really do like the company.

Also going through the lists to pick another stock to add - not nec. a CanRoy, just whatever looks good.

regards,
Cat

PS - I love this board - I'm always looking for good divvy stocks!

[Democritus_of_Abdera]

rfj, regarding your lament:....

< PS: I find it surprising that nobody seems to be interested in this board. I'm making a boatload on these stocks. Oh well, I guess any message board where Eternal Image--a .007-cent/share company that sells funeral urns--generates >100,000 posts probably doesn't have much of an audience for rational stock picking. (Aside from BV, of course).>

To the contrary... I think that you have generated substantial interest for this board... You currently have 27 bookmarks (I’m one) and 179 posts by 17 different posters since inception three weeks ago. More importantly, the posts have been informative and authored by knowledgeable and serious posters.

If I find a thread to which I can make a meaningful contribution, I will. As it stands, I’m interested in this board because I am a retiree with about 15% of my money in high yield equities (VVR, BAC, & EPD) for the sole purpose of generating cash flow to live on. I don’t often change my investments, so I’m just cataloging recommendations made here while focusing upon any gratuitous insights which will make me a better investor as time goes on.

I’ve avoided Canroys because my high yield investments are in my taxable account and I habitually avoid tax complexities (I do my own returns)... I understand, that it is wiser to put high yield stocks in nontaxed accounts to avoid tax on the annual distributions. My purpose, however, is to generate money for living expenses.. taxes cannot be avoided.

[jimmyh]

Thanks for the great board and I'm going to look into IIA this week. Your board has lead me to BKCC and CSE also and have done well with them.

I currently own the following... AOD, ADVDX, BKCC, CSE, CVP, EOS, HTE, NCV, NRO, PWI, RSF, VRTB and ZTR. All pay over 10% except EOS and the high yielders in my total portfolio have done well for me over the last few years, beating averages which 80% of highly paid active fund managers don't do!

I personally am fond of the monthly payers and closed end funds that sell at a discount to Net Asset Value and think that is kind of a win-win.

Also like to sell covered calls to juice up the yields a bit and have done so successfully on my HTE and looking at doing so on the CSE shares I own.

Again let me say this is a great board and the ideas and recommendations found here are as good or better than I've seen anywhere, including paid newsletters and it's the members here that share their ideas and recommendations and strategies that I like and get value from.

Hope you can look at my holdings and get/use an idea from them and thanks to everyone for sharing their "opportunities".

It really is that easy to make money on high yielders if you do your research and take calculated risks and have realistic goals... That said, I lost A LOT on LUM (Luminent Mortgage) earlier this year so I live and learn and diversify and know some of the high risk/high reward picks I buy won't always work out!