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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (35512)	9/30/2009 7:07:07 AM
From: Madharry	Respond to of 78728

Im sure you are doing great but my philosophy has been to focus on gold and silver, with a lot of energy too. most of the gold and silver juniors have not done well for the past 2 years despite the surges in the prices of gold and silver. I believe that this was primarily due to deleveraging of the hedge funds that invested in those junior mining companies. I continue to be patient. my ira portfolios which contain the bulk of those shares declined 61% in 2008 and were up over 60% in 2009 but are still way down from 12/31/08. I would like to have more of my portfolio in high yielding instruments but I believe that the oil and gas mlps offer more long term protection than the reit preferreds although 12% is pretty good. and it may be quite awhile before we have real inflation as there is so much capacity world wide except in energy.

To: E_K_S who wrote (35512)	10/21/2009 3:54:49 PM
From: E_K_S	Respond to of 78728

Re:FRpK Preferred series K - Doubled up my previous position. Starting December 2009, I will have held some of my REIT preferred series for one year and will be selling those to book long term capital gains. To replace the lost yield, I have been accumulating new positions in the FR preferred series at prices between $10/share and $15.00/share. These should eventually trade above $20.00/share like the other REIT preferred shares, hopefully before the Fed starts to increase rates. My exit strategy is to sell my REIT preferred shares in my taxable accounts once they turn into a Long Term Capital gains AND trade above $20.00/share ($25.00 is PAR value based on IPO). I have buys in REIT preferred shares on 12/2008 and 03/2009. After 3/2009, I should only hold the FR preferred series (J&K) in the taxable account. =================================================================== Also added Penn West Energy Trust (PWE) to my basket of Canadian Oil Trusts. Will be selling some to book tax/loss before year end with the plan to maintain current allocation into 2010 (about 8% of portfolio among EEQ, ERF, PWE, PVX). finance.yahoo.com EKS