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Northern Tier Energy LP Message Board

mysonchino 10 posts  |  Last Activity: Jul 11, 2014 5:44 PM Member since: Dec 4, 2007
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  • Reply to

    Is RSO's Dividend Safe

    by lenyw Jul 9, 2014 1:48 PM
    mysonchino mysonchino Jul 11, 2014 5:44 PM Flag

    He is also a pathetic waste of skin

  • mysonchino by mysonchino Jul 3, 2014 2:04 PM Flag

    Trying to find information as to how rising interest rates would effect ARI. For example RSO is match funded and a rise in rates would actually increase earnings. Anyone know if that is the story here?

  • Reply to

    How safe is the dividend?

    by topline1 Jun 12, 2014 11:35 AM
    mysonchino mysonchino Jun 17, 2014 1:00 PM Flag

    I agree about the last meltdown but do not think the next meltdown will be because of the same reasons. Financials, particularly MREITs and BDCs are the best values in the market today. They pay a dividend that requires absolutley no capital appreciation to beat the market over an extended period of time. I like preferred funds as well. 8% plus dividends, 70% investment grade and professionally managed. The blue chips are quite high now. They pay very little. Bonds the same. A portfolio of MREITs, BDCs and preferred funds augmented with some equity reits such as apts, good, corr, olp etc and some closed end equity option income funds can provide a portfolio cash flow of 8.5%+ with an expectation of continuing dividends and some capital appreciation and a market beating total return. GLTA!

  • mysonchino by mysonchino May 28, 2014 2:23 PM Flag

    Going forward does anyone have any idea how much of the dividend will be ROC? TIA

  • Reply to

    Regular Monthly Distribution Announced

    by buyandwin May 20, 2014 4:51 PM
    mysonchino mysonchino May 26, 2014 3:30 PM Flag

    Buy and win, do you know the tax status of the preferred units? Are they 1099 or k1? Looks llike a good preferred but not good enough for tax hassles.

  • I am not a stock picker. I have won nicely a few times but lost often as well. I prefer to buy for dividends, hold, receive the dividends, spend some and reinvest the rest so I have more income next year and can give my self a raise. This has worked for me for the last 19 years. The most important issue is to be sure the income will continue( that's why mortgage reits are only 10% of my portfolio) So what is the best income play today?

    Remember, I do not want to go back to work and so I don't want to take unreasonable chances with my cash flow. In my opinion the equity option income funds which have been one of the best sources of income the past 3 years are getting pricey. I think if we have a correction of 20%, which we always do, the dividends will be cut. The market is high, the discounts are disappearing, and I am not sure dividends will hold up with a correction so I am not adding to my equity cefs right now. Enough already, sorry.

    I am buying preferred closed end funds. John Hancock has funds selling at a discount, yielding over 8%, 65% investment grade, paying monthly with lifetime annual returns on NAV matching current dividend yields. I like HPI and HPF. Nuveen has a fund (JPI) selling at an 8% discount yielding 8%. Pays monthly and there is a kicker. It is a term fund so in a little over 10 years it is liquidated at NAV . Hancock funds did reduce the dividend by 20% during the last melt down but have increased it to the point of a 10% cut. JPI was not around during the meltdown. FFC and FLC did not cut or cut by about 3%. but are currently selling at premiums or very small discounts.

    Going forward I plan to DCA into higher preferred yields with 40% of future free cash flow. Until we have the correction I will buy higher yield reits, special situation yielders(T, VZ, CTL,NRZ) with the other 60%. After the correction maybe equity option income CEFS .This is not a get rich quick plan. It's boring without home runs. But it grows the cash flow steadily

  • Reply to

    Constructing an income retirement portfolio

    by mysonchino May 24, 2014 2:29 PM
    mysonchino mysonchino May 26, 2014 12:44 AM Flag

    Sorry if I sounded like I was glossing over "good fortune". I was intending to convey just the opposite. I had a good plan, patience and discipline. None of that would have mattered if I got run over by a bus, come down with terminal cancer, got divorced or got fired from a great job.My point still is a simple one. It is not complicated to achieve more than what is commonly thought possible. It is difficult because we as people always want more and more and sooner than accommodates asset accumulation. However, an investor has to have an overriding awareness of what 1) they want, 2) when they want it 3) realize they must sacrifice life style to accelerate accomplishment and 4) be strong willed enough to continue to pursue what works for you while understanding risks at the same time.

    Now, many good points were made about trading, buying on SPOs, buying during tax loss season etc. I pay little attention to these things. I invest my cash whenever I have about 10,000 of cash available to invest. I buy the best dividend vehicle available at that time. It may be a SPO, or it may be a bargain because of tax loss selling. Whatever seems like the best deal at the time I buy. I hold and I collect the dividends. The value of the portfolio is not as important as the cash flow as long as I believe in the continuity of the cash flow.Because I live on less than 50% of the cash flow I can be wrong some times and still have net investment increases thus more income for the year. Boring, month after month, year after year and on and on.

  • I retired 19 years ago at age 41. Good planning, a great wife and no disasters to derail our plan. I buy only income vehicles. My target rate when shopping for a new investment is 8%. My portfolio is broken down as follows. Equity option income closed end funds 20%; BDCs 14%; MREITs 10%; Preferred closed end funds 29%; Individual preferreds 7.5%; SDRL 3.3%; OXLC 4.5% Cash and tax credits 10%.

    I got burned in the last crash with too many financial reits so am a bit more conservative now. Over the next few years I plan to add Individual equity reits and looking for an average yield there of &.5 to 7%(GOOD; APTS; ACRP;DOC; and HPC are on my watch list.

    My strategy is to live on about 50% of portfolio income and invest the remainder for more income. So far so good. In 2 years social security kicks in and my budget will drop to under 40% of total income. If you don't reach on life style you can reach for yield and sleep well at night. If you live on less you are never forced to sell as cash flow takes care of you. I always stay fully invested and invest when ever I have the cash. If you need cash for something you can use margin or plan ahead and accumulate the free cash flow.

    My method is not flashy. I rarely make a killing on a stock but have found what works for me and just love the smell of coffee and extra cash flow in the morning. The best investment advice I can give anyone who wants it is to Formulate a reasonable plan(needn't be complicated). Be patient and discipline and stick to your plan. Be realistic as to what the market can do for you and enjoy your life. Good luck.

  • Reply to

    Cautiously Optimistic

    by mysonchino May 13, 2014 2:31 PM
    mysonchino mysonchino May 14, 2014 1:32 PM Flag

    It's easy to get a little down on RSO because Cohen irresponsibly raised expectations too high. A very rookie move. I am hoping he learned something and that the future brings upside rather than downside surprises. If RSO can start to earn the dividend+ then this is an excellent dividend stock. Increasing interest rates won't hurt it and credit quality does not seem to be an issue. I have about 2.25% of my investments in RSO which is close to my personal limit. However, if they can earn and cover I just might go to 3.5% by year end. GLTA

  • mysonchino by mysonchino May 13, 2014 2:31 PM Flag

    Now is break or make time for RSO. Cohen has over promised in the past which led to disappointment. He says the dividend will be covered going forward. If this occurs then the pps will slowly increase. This could be a 6.50 stock by the end of next year if they cover the dividend. This is still a 12%+ dividend yield. I am just hoping for coverage and am mildly optimistic it will happen. After that you can't really care about pps. The company will be providing double digit returns in the form of regular cash flow. Cohen knows this is make or break. He was way too much a cheerleader in the past and I am hoping he has learned his lesson.

    If they can cover+ then the money to be made with this stock is owning many many shares and enjoying the cash flow which right now is 5 and 1/2 times greater than owning a 10 year treasury. With the proper expectations this stock has the potential to make an investor very happy. Or not. Time will tell.

NTI
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