It didn’t get off to a good start. But 2016 is shaping up to be a fine year for the Dividend Growth portfolio. Through June 3, the Dividend Growth portfolio was up 17.3% in 2016, including dividends and allowing for a 1.5% management fee. That compares to a 2.7% return for the S&P 500. And...Read More

Photo credit: Owen Moore In a world in which very little is cheap and most mainstream stocks and bonds offer little in the way of expected returns, closed-end funds have been a fantastic source of value. I’ve been writing about closed-end funds for the better part of a year (see Closed-End Bond Funds Near Their...Read More

Photo credit: B Rosen I can be something of an ideological nut job when it comes to avoiding income taxes. In my younger days, before my wife dragged me kicking and screaming into normal, civilized behavior, I was known to subsist on rice and beans for a month or two at a time in order...Read More

It’s nice to see some level-headed analysis of…well…just about anything these days. Apple (AAPL) has taken its lumps over the past six months as investors fret that the company is now “post-growth.” I don’t believe that Apple is finished growing. But even if it is, I would argue that the stock is cheap at current...Read More

Kinder Morgan (KMI) released disappointing earnings last night that sent the stock lower after hours. But the stock is rallying hard today, as there seems to be a light at the end of the tunnel. Here are some highlights. From Richard Kinder: We are pleased with KMI’s business performance for the year especially in light...Read More