Income Investing Results - November

COcheesehead said:
Just got all my Dec 1 bond interest credited this morning. Still have $7719 in CEF income pending reinvestment and more tax free interest due on Dec 15th, but 1 year running total is $401,604. No capital gains included. That may be the high water mark for a long time since I am moving some income producing assets to other things based on where we are in the markets. I am at an all time high by $5772.
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With all that income, have you ever considered parting with some of it for the around-the-world tour with Smithsonian, I think it's about $200k/person? That is on my wife's and my bucket list someday :cool: .
 
Randy145 said:
With all that income, have you ever considered parting with some of it for the around-the-world tour with Smithsonian, I think it's about $200k/person? That is on my wife's and my bucket list someday :cool: .
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We’ve looked at an around the world cruise.
 
Flieger said:
Mostly dropped because of Price change. As Dick has pointed out, NAV's have performed admirably (which is indicative of the ROC's).

My goal right or wrong, and the reason I look at my cost basis, is to take my higher than normal WD's for the next years until SS and hopefully maintain my overall Portfolio value. IOW, avoid drawdown.

Flieger
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Are you reinvesting a small amount of divis in your positions? It would seem reasonable that unless you are invested in positions with destructive ROC and NAV decreases, the normal price gyrations of your income positions that provide you your portfolio value at any given time is somewhat irrelevant, as long as your income is stable or growing. A great example is PDI since mid October. My position is in the red (slightly), but b/c I am reinvesting divis, my monthly income grew. So my portfolio was 2% lower at end of October, but I don’t consider that a drawdown.
 
joejetski said:
Are you reinvesting a small amount of divis in your positions? It would seem reasonable that unless you are invested in positions with destructive ROC and NAV decreases, the normal price gyrations of your income positions that provide you your portfolio value at any given time is somewhat irrelevant, as long as your income is stable or growing. A great example is PDI since mid October. My position is in the red (slightly), but b/c I am reinvesting divis, my monthly income grew. So my portfolio was 2% lower at end of October, but I don’t consider that a drawdown.
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Yes, my stated goal is to reinvest (most recently 20%-25%) of Div's. I don't DRIP, I chose where to reinvest or maybe additional holdings to enter.

Flieger
 
What's to stop you from DRIPing for the discount and selling those shares at some later point, then? I just hate to pass up free $$$. Even when I was just getting started with my career (in Houston, BTW) and money was tight, I took a 10% withholding to be in the company's stock purchase plan for a 15% discount on their shares.

Edit: I wasn't with ENRON, BTW. They were a major account for us, though.
 
Randy145 said:
What's to stop you from DRIPing for the discount and selling those shares at some later point, then? I just hate to pass up free $$$. Even when I was just getting started with my career (in Houston, BTW) and money was tight, I took a 10% withholding to be in the company's stock purchase plan for a 15% discount on their shares.

Edit: I wasn't with ENRON, BTW. They were a major account for us, though.
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Just not worth it to me.

Flieger
 
Randy145 said:
What's to stop you from DRIPing for the discount and selling those shares at some later point, then? I just hate to pass up free $$$. Even when I was just getting started with my career (in Houston, BTW) and money was tight, I took a 10% withholding to be in the company's stock purchase plan for a 15% discount on their shares.

Edit: I wasn't with ENRON, BTW. They were a major account for us, though.
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I had to restart my retirement investment in 2000 due to FMO bankruptcy. They matched all 401k with stock, bonuses were in stock, etc. I left there with about $50k to rollover to my next job. :(. Never "added" anything to company stock again after that.

Flieger
 
Flieger said:
Yes, Cost basis is subject to the last market prices of all investments. 90%+ is in non taxable. I just track this to see where I am CURRENTLY with respect to my initial investment, so it doesn't really "take a hit" unless I sell.

I'm not sure I fully understand your question though? Should I not care at all, at any time, what my portfolio value is? My stated goal is to have income from my Portfolio at this time while not losing my starting investment. Meaning making up now for what I will have once I finally start SS. After SS start I will likely go more conservative and growth oriented. Otherwise I would just be mimicking an annuity, correct?

I guess I could just take a look at the Portfolio value on a less frequent basis, but I like seeing this to help in decisions on modifying my investments.

Not trying to be sensitive, just trying to understand the question. Thanks Dick.

Flieger
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Hi. I think we should all care about our CURRENT portfolio value! I check mine daily as the primary inducator of whether I've got things right for the current environment. I just don't understand attention to INITIAL/PAST portfolio or asset cost/value unless it's for tax purposes --- like selecting depreciated assets to sell and "pair off" against gains to avoid tax on them. Aside from tax considerations, cost basis is meaningless history ---- and unrealized losses have the same effect on future returns as realized losses.
Regards, Dick
 
Flieger said:
I had to restart my retirement investment in 2000 due to FMO bankruptcy. They matched all 401k with stock, bonuses were in stock, etc. I left there with about $50k to rollover to my next job. :(. Never "added" anything to company stock again after that.

Flieger
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Ouch, that was hard to take, I'm sure. The stock purchase plan I mentioned was in addition to a defined pension plan we had. It's been so long ago I can't remember all the nitty gritty details but it amounted to them withholding 10% of pay and purchasing their stocks for at least a 15% discount. It was all good and I made a lot of money on it. That was my first foray into the world of stocks. We eventually merged with another company and the resulting company was later bought out by a behemoth. The stock purchase plan was never as lucrative after the first merger but was good while it lasted. You may know all 3: DEC/Compaq/hp.
 
Waynew said:
I cannot recall the last time I saw someone shining shoes. Do they still make shoes that shine?
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I had to buy a pair for my wife's funeral three years ago, so there are some out there for sale. And some slightly used ones are for sale too! I haven't worn them since.
 
Waynew said:
I cannot recall the last time I saw someone shining shoes. Do they still make shoes that shine?
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They still have shoe shiners at the airport, but most people are wearing shoes made from man made materials. Leather is still an amazing material for shoes, but not as prevalent as 1929.
 
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