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09-26-2017, 08:11 AM
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#1
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Just finished phase 1
I just finished phase 1 of operation "create income", sold off 40k of silver yesterday and will be throwing it to 2 high yield etfs, phase 2 calls for another 40k sell off and 2 more issues and phase 3 will be another 20-40k to create around 17k a year through dividends.
I always hear "don't care base yield" but that's what I am, a yield chase
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09-26-2017, 09:34 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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 Quote:
Originally Posted by 97guns
I just finished phase 1 of operation "create income", sold off 40k of silver yesterday and will be throwing it to 2 high yield etfs, phase 2 calls for another 40k sell off and 2 more issues and phase 3 will be another 20-40k to create around 17k a year through dividends.
I always hear "don't care base yield" but that's what I am, a yield chase
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Was it coins or bullion? Did you make money on the per ounce sale?
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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09-26-2017, 09:48 AM
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#3
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Bullion, I started buying at $16 and under but bought into the $30's too, I had 16000 oz at one time, down to about half that now. I'll still be hanging on to my gold but felt I need to get some of it working for me.
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09-26-2017, 03:38 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Aug 2009
Posts: 1,578
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Quote:
Originally Posted by 97guns
Bullion, I started buying at $16 and under but bought into the $30's too, I had 16000 oz at one time, down to about half that now. I'll still be hanging on to my gold but felt I need to get some of it working for me.
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You have $10M in gold bullion?
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09-26-2017, 03:47 PM
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#5
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 804
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Quote:
Originally Posted by bmcgonig
You have $10M in gold bullion?
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Silver
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09-26-2017, 03:51 PM
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#6
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Quote:
Originally Posted by bmcgonig
You have $10M in gold bullion?
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I wish, if I had 10mil in gold bullion I wouldn't be looking for yield
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09-26-2017, 03:52 PM
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#7
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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What kind of ETFs are you targeting to get a 17% yield?
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09-26-2017, 04:17 PM
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#8
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Quote:
Originally Posted by FIREd
What kind of ETFs are you targeting to get a 17% yield?
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bdcl, reml, amjl, and morl, all paying over 17%
Can anyone shed some light on these issues, charts look pretty solid and dividends have never been cut
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09-26-2017, 04:26 PM
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#9
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,358
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Quote:
Originally Posted by 97guns
bdcl, reml, amjl, and morl, all paying over 17%
Can anyone shed some light on these issues, charts look pretty solid and dividends have never been cut
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No personal experience, but with most of the high yield ETFs, total return stinks.
__________________
I thought growing old would take longer.
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09-26-2017, 04:30 PM
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#10
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Quote:
Originally Posted by FIREd
What kind of ETFs are you targeting to get a 17% yield?
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Quote:
Originally Posted by braumeister
No personal experience, but with most of the high yield ETFs, total return stinks.
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Yep, but these charts look half decent, returns aren't great but they seem to be pretty steady, my intent is monthly income with preservation of the capital
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09-26-2017, 05:28 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,971
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BigCharts shows BDCL shows data going back only as far as 2012. It is currently down 30% from that time but at one time was down 60%
MORL looks like it goes back to 2013 and is currently down 25% from then and was down 66% at one time. Doesn't look like capital preservation I don't care what the div payout is.
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09-26-2017, 05:32 PM
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#12
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Quote:
Originally Posted by razztazz
BigCharts shows BDCL shows data going back only as far as 2012. It is currently down 30% from that time but at one time was down 60%
MORL looks like it goes back to 2013 and is currently down 25% from then and was down 66% at one time. Doesn't look like capital preservation I don't care what the div payout is.
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That's why I'm looking for insight on these issues, I only saw the charts to 2012 and 2013, I figured that's when they started, didn't realize they go back further
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09-26-2017, 05:37 PM
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#13
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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How about REML?
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09-26-2017, 05:39 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Quote:
Originally Posted by 97guns
That's why I'm looking for insight on these issues, I only saw the charts to 2012 and 2013, I figured that's when they started, didn't realize they go back further
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Too risky for me. I am going for the safety of the Roulette wheel.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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09-26-2017, 05:47 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,971
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Quote:
Originally Posted by 97guns
How about REML?
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BigCharts shows it's only been around since mid 2016. Currently up 28%. Woopee. Personally I wouldn't touch any of these with a 10 foot pole. Boom-crash-boom-crash-boom-crash. Maybe in a few years they will find their sea legs and steady out.
I once took a seminar in stock market investing (a jillion yrs ago) I remember they guy saying when a company pays an outsized dividend it's because nobody wants to buy their stock. Basically ya gotta bribe people to by it.
Now these are ETFs. Maybe there's something else going on behind the green door that makes it all make sense. Nevertheless, with these kinds of dividends ..... The things that make you go "hmmm...?"
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09-26-2017, 06:36 PM
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#16
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Quote:
Originally Posted by razztazz
BigCharts shows it's only been around since mid 2016. Currently up 28%. Woopee. Personally I wouldn't touch any of these with a 10 foot pole. Boom-crash-boom-crash-boom-crash. Maybe in a few years they will find their sea legs and steady out.
I once took a seminar in stock market investing (a jillion yrs ago) I remember they guy saying when a company pays an outsized dividend it's because nobody wants to buy their stock. Basically ya gotta bribe people to by it.
Now these are ETFs. Maybe there's something else going on behind the green door that makes it all make sense. Nevertheless, with these kinds of dividends ..... The things that make you go "hmmm...?"
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Im not persuaded but will give more thought and research more, still seeking double digit yields. I was thinking of going with 5 issues at 20k a piece but now with your scare tactics I'm now thinking more like 6 or 7 at 10-15k a piece. I am a little more risk tolerant with this money, I view it as playing with house money, its money accumulated from rental income
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09-26-2017, 09:59 PM
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#17
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Full time employment: Posting here.
Join Date: Jul 2013
Posts: 953
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A friend of mine retired in 1999 as part of an early retirement package. The company gave them a few months pay and dropped some of the early retirement age penalties on the pension calculation. It was not a bad deal, if you were close to retiring anyway.
He shared with me the secret: "Anybody can make 15% in the market!"
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09-28-2017, 10:44 AM
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#18
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gone traveling
Join Date: Nov 2011
Location: The Deep South Bay
Posts: 744
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Picked up my first 4 issues this morning, 18% average dividend yield
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