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Vector Group Ltd. Message Board

  • wareham2620 wareham2620 Dec 11, 2009 12:17 AM Flag

    Merry Christmas

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    • Now up over $10,000

    • If you took the time to post them as one of your portfolios on smartmoney.com at the cost per share when I post these.Then you can see you would be up over $3,000 as of today.



      PGN $297
      NRGY 375
      ED 259
      KFT 214
      MO 344
      EPD 351
      SXL 328
      ARLP 361
      CLMT 504
      PCU 107
      UVE 669
      SPH 358
      LLY 274
      BMY 240
      T 295
      VZ 286
      -------------
      $5262 per year

    • Tom,
      My name is Frank and I live in St. Augustine ,Fl.

      It's always good to ask questions.But never trust anyone and always check for yourself. I, and everybody else can be wrong ,and it's your money.It's up to you to protect it.

      What is there to know about being a landlord?You provide the home and they pay the rent. I have been lucky for the most part.I have no mortgages ,so if the rents late I can be understanding.I only had a few bad renters.You can go to your court house and ask for information on how to evict a tenant in your state.Or just call and ask for their web site .All states have different laws.

      What about finding the "right" tenants? Well you can go to the court house and ask ,if your to be tenants, had ever been evicted .Or sued in your county for trashing a rental property.That's public record.I have never done that yet ,but I do know you can.


      Yes ,I did just start with one rental property.But that wasn't enough money coming in.So I started looking for more cheap properties ,one at a time. I now have 4 rentals and still want more.But my money is funny right now.The market is down and I'm in the red ,as I held from the top.Also,I was sued by the contractor who built my house. In short,the contractor f--ked my house up . My lawyer told me not to pay him the rest of the money until he corrected it.Well ,after 2 years both the contractor and I lost a lot of money.But both his lawyer and mine made a lot of money.

      Well rental properties is an easy living.But the government wants their cut.They get their cut if the rent gets paid .Or if you have to have them evicted.

      Well good luck to you.

    • wareham, wow...thank you again for all your time and advice. I will print your last message as soon as I'm done with this one. May I ask the area of the US you're in and you first name? I'm in Youngstown, Ohio. I've been with La-Z-Boy Furniture Galleries for over 25 years and my boss, now 67 is thinking of retiring. I'm just preparing for the worst,you know...new ownership,new guys come in and fire everyone and rehire all new, that's why I'm asking all these questions. I don't know much about being a landlord but I'm only 48 and would be willing to learn! I'm sure you just started with one and slowly learned the hard way and built on from there. What about finding the "right" tenants, collecting late rent, people trashing your property,etc...I bet you could write a book?

      Best,
      Tom

    • Tom,
      I always try to risk as little as possible. I try to spend my money ,but keep too. So you may not be happy with what I would do.

      I put togehter a portfolio with all dividend paying stocks that raise their dividends/distributions at least once a year,except for 5 stocks.That way you would get a "small" raise every year.You could get a greater return with all MLP's.In that case I would suggest you check out the EPD board .Good smart people that understand the MLP's better than I. MLP's are not taxed the same.

      I'm only working with $5,000 per stock here.PCU is a copper stock and is paying a very low dividend at this time.The reason I added PCU then ? Because they paid a good dividend in the past.When they start building houses,cars or just about anything again ,they will need copper.I think both their stock price and dividends will go back up.I would suggest if you do these or not.Take the time to post them as one of your portfolios on smartmoney.com at todays cost per share.Then you can benchmark them aganist the DOW ,S&P, anytime starting from when you post it.I'll bet they do about the same,maybe better.

      With $5,000 in vested in each stock they would pay gross per year, without the raises.

      PGN $297
      NRGY 375
      ED 259
      KFT 214
      MO 344
      EPD 351
      SXL 328
      ARLP 361
      CLMT 504
      PCU 107
      UVE 669
      SPH 358
      LLY 274
      BMY 240
      T 295
      VZ 286
      -------------
      $5262 per year

      With some of your other money you could buy mobile homes with land for under $30,000 a piece.I bought one for $18,000 and rent it out for $400 a month ,it still needs work.But they are happy the way it is.If they ever move I'll fix it up and raise the rent. I bought another one for $28,000. I done some repairs and rented it out for $550 a month.Now, about 6 years later they moved and I repaired it again. It's now up for rent at $600 a month.I also have a mobile home lot with well and septic tank rented out for $300 a month,they own their mobile home.My insurance and property taxes run around $1500 per year for each mobile home /and or lot.Insurance is more on the lot.I also have a house but the insurance and property taxes is much more,so is the rent.What I'm trying to show here is you could buy one mobile home at a time,repair if needed and rent it out .Buy 4 and your weekly pay check would be one persons monthly rent.The dividends from your above portfolio could ,or very close, pay for your insurance and property taxes .
      Very good return on your investments.Add more mobile homes with properties if you can't live on the amount of rent received.

      So if you bought all 4 M/H for $120,000 or less.Rented them out for around $600 a month each .That would be around $28,800 a year ,before Taxes & insurance.That would be a good return or your investment .Don't take my word on but you check into it yourself.

      Just MLP's with $35000 of your money.With $5,000 invested in each stock below they would pay gross ,per year.

      SXL $328
      ARLP 361
      CLMT 509
      CPNO 519
      EPD 351
      NRGY 378
      SPH 361
      ------------
      $2,807 per year.

      If you want ,I'll look up the names of the people I think would be glad to help with all MLP's

      Well best of luck to you

    • wareham, Only if you have a moment, would you give me your picks for a small diversified portfolio? Dont spend a lot of time on it, I'm just curious to see what you would do.

      Here's a very fast rundown: I've owned these funds since the early 90's and would be willing to sell them if things got bad. I have some other growth stocks and IRA/401K funds I wont touch if I dont have to.

      Janus Fund/Janus Worldwide/Janus Venture/Gabelli Asset Fund. Total value if I sold all of these for cash approx $280,000

      How would you spread that out in dividend stocks to produce at a maximum with above risk tolerance,and how much do you think it could produce?

      Thanks!
      Tom

    • Tom,
      You're welcome and I hope all works out for you.Thanks for the pat on the back.But I'm only working with common sense .

      I placed my Portfolios on both Yahoo and Smartmoney.com.

      I set my Yahoo Portfolio up showing different views.One view shows EPS (ttm), EPS Est (current yr) ,EPS Est (next yr), Div/Shr, Yield ,Trade ,1y Target Est ,Price Paid.You can't really count on yahoo to be correct.Like yahoo show DSX paying a dividend ,but it really isn't at this time.But I set it up this way to see if the stocks are paying out less than their EPS.Not for the MLP's though. Also, to see if the stock is expected to do better or worst in the coming year.

      I like smartmoney for their Analysis Tools:
      Performance Map "Allocation" Analysis "Benchmarks "

      Price Check Calculator: http://www.smartmoney.com/pricecheck/?story=worksheet&symbol=ARLP

      Allocation :shows how diversified your Portfolio is.

      Benchmarks:Compares how your Portfolio is doing against the Dow ,S&P or Nasdaq.

      Also ,smartmoney lets you know when each stock you have is ready to pay a dividend.It just pops up.Then it lets you reinvest it , they add the new shares for you.Or can take the cash with the click of the mouse.

      You can find really cheap mobile homes foreclosures if you have cash.As it hard for people to get loans for the older mobile homes.So the banks or whatever just want to get rid of them.However,newer or older make sure you buy title insurance.Because any liens on that property will go to you with the property.So be sure to have a title search done and get title insurance.

      Yes,UVE is a new holding for me.I don't like to buy penny stocks really.But I came across it and I thought it looked good to me.Paying out less than their earnings.They're growing into other states and trying to get into Texas as well.With more people buying houses now people will need insurance.So I thought why not bet on the wind.Besides I only had a few hundred dollars in my account.I have everything in the reinvestment plan.I've held from the top to the bottom.I really like stocks with a longer dividend history.

      Well best of luck to you.

    • wareham, thanks for all your advice. I'm printing the pages and starting a file. Alot to learn. I think you have a little bit more than common sense to acquire what you have..congrats!

      Interesting idea on the mobile homes.

      I see you like UVE, is this a new holding for you?

      Tom

    • Tom,
      All of my stocks are in the reinvestment plan.Never put all your money on one stock ,or one thing.You could lose it all fast.Some of my stocks are gone.I hope my other stocks will make up for those.

      I also have rental properties and I live off of the rent money.Very good return.If you can, pay cash for a mobile home or house to rent out.You can find them cheap right now.No mortgage, a lot less to worry about if the home isn't rented out.

      Look around your area and see what mobile homes or houses are selling for.Then see how much they rent for in the same area.I rent most of my homes out cheaper than the next guy by $50. to $100. That way if they think about moving they can't find anything cheaper .I don't need to make a killing,just a living.

      Some states you can call the county court house .Then ask if the person wanting to rent your home has ever been evicted ,or has destroyed a rental property.If they were evicted by the court it will be on file.

      Diversify with stocks and rental properties.

      Just an after thought.

      Good luck

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