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Many times people ask me how I come up with my investment strategy. Obviously, there is no one answer, but a common trick I use when developing any investment strategy is to look for areas where market sentiment still remains below peak optimism. Following the tragic events of the Fukushima Daiichi nuclear power plant disaster in Japan, market sentiment for uranium dropped, naturally. As Japan halted all nuclear power plants, shareholders adjusted their investment strategy to get out of uranium mining stocks. Now, the time when market sentiment is about to shift for the uranium industry, I believe, is close at hand. The reality for energy use over the next decade is that it will grow massively around the world. Nations like China and India cannot keep up with industrial demand for energy, which is now causing huge amounts of pollution.
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Investors have had to endure much more volatility in the past few weeks. We may know why — the Federal Reserve put an expiration date on its $3 trillion-plus bond-buying program. But some investors don’t know how to proceed. The Fed’s easy-money policy — mainly known as quantitative easing, or QE — probably will end next year.
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UBS (UBS) rolled out the ETRACS Diversified High Income ETN (DVHI) on Thursday (9/19/13). The new exchange traded note (“ETN”) is targeted at investors desiring significant monthly income from a diversified multi-asset mix. It will track the new NYSE Diversified High Income Index minus the 0.84% annual tracking fee. The underlying index has a current yield of 7.7%, and the ETN will make monthly cash distributions.
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Stock Update: SunTrust Banks Inc. (NYSE:STI) – SunTrust Banks’ Preferred Stock, Series E Yield Pushes Past 7%
[at Forbes] - In trading on Wednesday, shares of SunTrust Banks, Inc.'s 5.875% Perpetual Preferred Stock, Series E (NYSE: STI.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4688), with shares changing hands as low as $20.89 on the day. This compares to an average yield of 5.99% Read more on this. SunTrust Banks, Inc. (STI), with a current market cap of $18.73B, started trading this morning at $34.93. Looking at the stock, its one day range is $34.93 to $35.60 and has traded between $26.26 and $36.99 over the past 12 months. SunTrust (STI) shares are currently priced at 15.08x this year's forecasted earnings, which makes them relatively inexpensive compared to the industry's 19.48x earnings multiple for the same period. The company pays shareholders $0.
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The Mining Report: Tom, thanks for joining us today. I'd like to start out with the concept of an "Energy Return on Energy Invested cliff," which is being debated widely these days." What is it and what does it mean for the future of mining energy resources?Thomas Drolet: When you invest money in a new energy system, say, hydroelectric, you may spend $2 billion building a hydroelectric dam, but the device works for hundreds of years.
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Fund & ETF
Since the inception of the Investment Company Act of 1940, investors have grown to expect every mutual fund, closed-end fund (“CEF”), and exchange traded fund (“ETF”) to be treated as a “pass-through vehicle” for tax purposes. The entity itself would not pay any taxes, and all tax liabilities would be passed-through to the shareholders. That was the status quo for decades, until master limited partnership (“MLP”) funds came along.
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