earslookin’s Activity

Yesterday

NL

Boards Post

earslookin replied to the Deranged Monkey Criticism board. 5:39 PM

Re: 2014 Q1 letter

Two comments from the viewpoint of a prospective client:

** I like your writing style. It's direct. Your narrative gives me a good feel for your strategy.

** I'd like to see a graph of your monthly results versus your benchmark, [more]

Wed Feb 26

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 7:30 AM

Re: Preferred dividends suspended?

Yes...this unexpected invasion of principal will have a negative impact on subsequent household retirement income, just as it would were one using a total return portfolio...liquidity risk could be a major concern for the average retiree in their [more]

Mon Feb 24

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 6:23 PM

Re: Preferred dividends suspended?

there will be two risks to a true income portfolio

Bruce, is the assumption here that income plus insurance would cover any contingency -- say, unexpected extended care -- so you never have a forced redemption? Also, for anyone over [more]

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 12:13 PM

Re: REIT preferred spreads X-ray

Reitnut said => Perhaps the illiquidity of REIT pfds accounts for much of what appears to be "excessive" spreads? How much more illiquid are REIT pfds than REIT (or other) bonds? And how does one go about measuring the cost of [more]

Sun Feb 23

NL

Boards Post

earslookin posted to the Real Estate Inv. Trusts: REITs board. 2:32 PM

REIT preferred spreads X-ray

Here's how I'd like *NOT* to invest…

[more]

Tue Feb 18

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 4:12 PM

Re: Interest rates & REIT preferreds revisited

MrW III,

First, thanks for your comments, and a belated thanks to tjberko for raising his concern in the first place. You both have been very helpful.

while I don't believe there was any real point to the widening except to [more]

Mon Feb 17

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 8:30 PM

Re: Interest rates & REIT preferreds revisited

I am afraid that it doesn't help me. :-) How can every month's graph have an upward slope when I see months on the graph where the spread is between 3 and 4% and January 2014 (the end point of the slope) looks to be 2.3%. Any month since 1954 that [more]

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 12:44 PM

Re: Interest rates & REIT preferreds revisited

...spreads have narrowed since 1983 and 1975. The spread in 1983 appears to be around 4% and around 3.25% in 1975. Now it looks to be around 2.3%.

See if this helps. Suppose we draw 636 monthly charts:

Chart 1 -- Baa spread [more]

Sun Feb 16

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 5:52 PM

Re: Interest rates & REIT preferreds revisited

Just the usual comment about graphs - that the time period you choose will greatly influence your conclusion. If you looked at the period from 1981 (or 1974) to the present, you could conclude that the spread between the Baa bond and the 10 year [more]

NL

Boards Post

earslookin posted to the Real Estate Inv. Trusts: REITs board. 1:41 PM

Interest rates & REIT preferreds revisited


*************************** Warning! *****************************
The aim of this post is to encourage discussion and feedback.
It is NOT intended as investment advice. The data is NOT reliable. [more]

Mon Feb 10

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 10:08 AM

Re: Reitnut's Mention Of PCI

Hi VM,

It looks like you've had some success with investing in CEFs over a long period of time. I have questions about some of your observations because it appears your phrasing could be misleading to investors new to CEFs.

CEF [more]

Thu Feb 6

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 10:48 AM

Re: Reitnut's Mention Of PCI

Anyone have any suggestions on how to research the risk of a significant loss of cash flow from a fund like this?

If you invested in a REIT preferred stock you would analyze the REIT's business to determine the safety of the dividend. [more]

NL

Boards Post

earslookin replied to the Real Estate Inv. Trusts: REITs board. 9:29 AM

Re: Question on VNQ's Yield

Rather I am leaning on share activity that is generating excess return on capital via capital gains (maybe due to rebalancing/index reconstitutions) over what the underlying REITs are generating.

You nailed it. In some years the fund [more]

CAPS Stats & Trivia

CAPS Player Rating < 20
Player Rank 0 out of 74859
Score 0.00
Score Change Today 0
Accuracy 0.00%
Active Picks 0
Total Picks 0
Best Pick ( 0)
Worst Pick ( 0)
Average Score per Pick 0.00
Charms Earned 0
Highest Rated Favorite No Favorites Selected
Go to earslookin’s CAPS page

Boards Stats & Trivia

Big red star, 1000 posts Old School Fool
Board Posts 1235
Recs Received 7135
People who have rec'd these posts 1240
Recs to Posts Ratio (last 30 days) N/A
Threads Started 263
Threads Started Percentage 21.30 %
Most Frequent Board Hidden Gems
Very First Post Re: IETC Defensive Income Statement for NEOG (1/12/2004)
Percentage of Posts Rec'd 66.72 %
Show earslookin’s 10 Latest Posts