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Old 07-09-2018, 07:19 PM   #3621
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Originally Posted by bobandsherry View Post
For those that are flipping shares that are QDI, ya'll do know there's a required holding period, right? I was talking with another person and they had no idea there was a holding period.



https://www.investopedia.com/terms/q...eddividend.asp


Ya, I knew... most is done in tax free...But in the others my brokerage come tax time in the forms always labels it QDI....And then so do I....
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Old 07-10-2018, 02:55 PM   #3622
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Just not a lot of flip movement anywhere. So I am just rooting in and keeping my proper balance. I was too much on the safe end (and still am), but I bought 200 shares of DCP-B at 25.04 today. It will pay out a one time 67 cent (4month approx) divi next month since it is a new issue, then will start its normal sub 50 cent payout the following divi. I also bought 200 of PIHPP at 25.75. I am very underwhelmed with that purchase. But I needed to bolster higher end yeild and its QDI, which I needed. Just mostly getting in position to hold most longer term. Would like to sample a bit more issues that go fixed to float in a few years and yet have current call protection.
You always amaze me at the preferred issues that you find and share. The DCP-B looks good, has a K-1 so a bit of a pain come tax time. With cash on the sideline I snagged a few shares at 25.04, saw it closed today at 25.22 so already in the money.
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Old 07-10-2018, 02:59 PM   #3623
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You always amaze me at the preferred issues that you find and share. The DCP-B looks good, has a K-1 so a bit of a pain come tax time. With cash on the sideline I snagged a few shares at 25.04, saw it closed today at 25.22 so already in the money.


Bob, I tucked this away in my HSA brokerage, so I dont have to worry about the K-1. If I cant squeeze a K-1 in my tax free account I wont buy. I dont want to deal with K-1 s....Or learn how too, lol.
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Old 07-11-2018, 12:41 PM   #3624
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Bob, I tucked this away in my HSA brokerage, so I dont have to worry about the K-1. If I cant squeeze a K-1 in my tax free account I wont buy. I dont want to deal with K-1 s....Or learn how too, lol.
I've had a couple in the past. The tax software makes it painless, just tell it you have a K1 and fill in the prompts. I really don't like them as they tend to run late, delaying me from filing and getting my refund.
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Old 07-12-2018, 12:03 PM   #3625
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SPLP-A still plugging along. Up another $0.40 today. Must be something in addition to being added to that index. I just can't find anything.
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Old 07-12-2018, 12:10 PM   #3626
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SPLP-A still plugging along. Up another $0.40 today. Must be something in addition to being added to that index. I just can't find anything.


Its kind of hard to get real clear info since it is not a well followed company......I have found out its better to be lucky than good...Last week I had to sell my FPI-B at end of day to raise cash for a standing bid that hit. Good thing as FPI and preferred cratered on accounting rumors. Well I couldnt resist and bought 200 at 18.20 at end of day yesterday and 100 premarket at 19.59. So instead of losing a little coin, I am up some coin. I probably should sell, but I will hold for now.
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Old 07-12-2018, 12:18 PM   #3627
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I have found out its better to be lucky than good...
I'll certainly take it!
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Old 07-12-2018, 12:57 PM   #3628
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[QUOTE=brokrken;2077108]I'll certainly take it.

I havent forgot SPLP-A. And its probably a good play now. Its about at price I sold out last year. I just cant wrap my head around their finances since the second acquisition and understand what is going on. I saw they have bought back a modest amount which saves them money and CEO also has some too which is good.
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Old 07-13-2018, 07:59 AM   #3629
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Its kind of hard to get real clear info since it is not a well followed company......I have found out its better to be lucky than good...Last week I had to sell my FPI-B at end of day to raise cash for a standing bid that hit. Good thing as FPI and preferred cratered on accounting rumors. Well I couldnt resist and bought 200 at 18.20 at end of day yesterday and 100 premarket at 19.59. So instead of losing a little coin, I am up some coin. I probably should sell, but I will hold for now.
Damn...was a little late to the party, but just picked up 170 at 21.23. While not the steal that Mulligan got, I'm still content with just a hair over 7% current yield. Adding in the capital gain for the "interest rate spike penalty if not called" provision, total YTM is about 9.94%* for a 6 year hold.


*I do my YTM calcs a little different than some - I look at my cost basis of about $21.30 w/ commissions, then calculate YTM by combining annual dividend payments ($1.50) with the average capital gain per year, realized at maturity (about $.62/year) . Financial calculators might disagree, but it's all in tax-deferred accounts, so the time value discount on the capital gain part isn't as important since it's just in a few years. And it's a hell of alot easier to calculate on the fly, with prices changing in a blink of an eye sometimes.
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Old 07-13-2018, 02:38 PM   #3630
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Damn...was a little late to the party, but just picked up 170 at 21.23. While not the steal that Mulligan got, I'm still content with just a hair over 7% current yield. Adding in the capital gain for the "interest rate spike penalty if not called" provision, total YTM is about 9.94%* for a 6 year hold.





*I do my YTM calcs a little different than some - I look at my cost basis of about $21.30 w/ commissions, then calculate YTM by combining annual dividend payments ($1.50) with the average capital gain per year, realized at maturity (about $.62/year) . Financial calculators might disagree, but it's all in tax-deferred accounts, so the time value discount on the capital gain part isn't as important since it's just in a few years. And it's a hell of alot easier to calculate on the fly, with prices changing in a blink of an eye sometimes.


Moorebonds, what little testosterone I had disappeared when I got home today and I sold 200 at $22.14 today. Almost $800 in 2 days on a puny purchase. I still have 100 as they were used with unsettled funds and wont clear until Monday. The bottom line is yield is down to 6.73%., not 8.2% when I bought. I will toss the other 100 in the trash can Monday. I bought an additional 200 DCP-B with proceeds. This kicks out an oversized one time 67 cent divi in 2months being a new issue and essentially a 4 month dividend payment.
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