tag:blogger.com,1999:blog-218074330064619879.post2541052998182622376..comments2024-01-30T19:22:15.345-08:00Comments on Profit Hunting: What I'm Positioning ForBlack Cathttp://www.blogger.com/profile/02927202031699478970noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-218074330064619879.post-22502290805119980532021-11-02T11:46:52.463-07:002021-11-02T11:46:52.463-07:00Thanks for your answer about Netlink. It did seem ...Thanks for your answer about Netlink. It did seem to perform poorly in the last round of interest rate rise. However, inflation was low in the last round of rise. I wonder if they would do better if the rate rise is accompanied by inflation and cost increases as well. I agree that its hard to find high dividends with growth. Many of them that I could find in my spare time are located in the US. However, they put me off not only due to the WHT, but also the possibility of extremely high estate taxes. I am not that old, but you never know. Anonymoushttps://www.blogger.com/profile/13555387276453954789noreply@blogger.comtag:blogger.com,1999:blog-218074330064619879.post-44270648738642064132021-11-01T16:45:36.378-07:002021-11-01T16:45:36.378-07:00Yes, I'm paying 30% witholding tax on KMI/WMB ...Yes, I'm paying 30% witholding tax on KMI/WMB dividends. So getting just under 5% on my buy price. I live with it because its hard to find high dividends with growth.<br /><br />Canadian listed Enbridge *may* have a lower witholding tax. Slightly more oil (than gas) based.<br /><br />Netlink Trust is stable, but has an opportunity cost. There's no upside - if they make higher than expected profits, these will be regulated away in the next 5-year review. Phone bills always go down over time - theoretically it won't do well under inflation. Still, I think its OK to hold if you like dividends and have no better ideas.BlackCathttps://www.blogger.com/profile/01099222810472620637noreply@blogger.comtag:blogger.com,1999:blog-218074330064619879.post-73421415725692342482021-11-01T13:05:57.805-07:002021-11-01T13:05:57.805-07:00Thank you for another great article. I've been...Thank you for another great article. I've been trying to adjust my portfolio for the possibility of stagflation as well. I ruled out of stocks like KMI due to associated withholding taxes. Is it not a concern of yours? Also, can you elaborate on your reason for wanting to get out of Netlink Trust?Anonymoushttps://www.blogger.com/profile/13555387276453954789noreply@blogger.comtag:blogger.com,1999:blog-218074330064619879.post-30100571349887463542021-11-01T06:15:46.795-07:002021-11-01T06:15:46.795-07:00Yep, its a dividend/value portfolio. Only the &qu...Yep, its a dividend/value portfolio. Only the "commodity producers" are inflation plays, and they are not expensive. The reits and pipelines (and Kazatomprom) are value plays, I would have bought them anyway.<br /><br />I've got big positions in SGX-listed Reits:<br /> - Frasers Centerpoint Trust. Singapore retail properties, shopping malls at public transport hubs.<br /> - Frasers Logistics Industrial Trust: Industrial properties in Australia/Europe.<br /><br />SGX REITS are income vehicles, they pay out 100% their distributable income as dividends.<br /><br />And a medium position in Fibra Macquarie. Mexican industrial properties. Don't know much abt their properties, but their numbers and valuation are nice.<br /><br />I can't make recommendations. For dividend stocks, you gotta watch out for witholding tax on dividends, depends on where you live and how your stockbroker handles it.BlackCathttps://www.blogger.com/profile/01099222810472620637noreply@blogger.comtag:blogger.com,1999:blog-218074330064619879.post-61641178287273710692021-11-01T04:04:53.010-07:002021-11-01T04:04:53.010-07:00very interesting article. I kind of agree to what ...very interesting article. I kind of agree to what you say and I like the portfolio mix. Maybe it's a bit too concentrated in the inflation camp. What if central banks are right and it's all transitory. I think you will have a problem then.<br /><br />just out of interest: Which REITs do you hold? any recommendations?<br /><br />hennerhttps://www.blogger.com/profile/15381506750678483901noreply@blogger.com