The Chart For NOIEX, ‘Northern Income Equity Fund’, Will Never Look Right After The 22% Distribution.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:
1/ NOIEX: Huge 2014 distribution.

2/ Sticking with BJBHX till 2015.
3/
BJBHX has decent December 2013.
4/ 
Uncontrollable Infatuation With BJBHX.
5/
BJBHX:
I Bailed With Regret 2013.

++++ Search ‘BJBHX‘, ‘IPO‘, ‘stock‘ etc. for other related posts >>>>


noiexdrop

Click to ENLARGE. Chart from ‘MarketWatch’.


Well it transpired exactly as I said it would in my December 4 post.

Just as I expected it caught quite a few by surprise and I am glad that my post was there to help them. It was my second most popular post of the day and I even got an e-mail thanking me for it. 

The TOTAL distribution with the MONTHLY dividend that was also rolled in was close to $3.97 — with the short- and long- capital gains coming in at $3.74.

BUT the NAV only went down $3.63 because $0.34 was how much the NAV went up because the rise in the prices of the underlying stock, Thursday, December 14 having been a bumper day (DOW up 400) for the stock market.

I still think this was not a great move. I think they, ‘Northern Trust’, will come to rue this distribution. The NOIEX chart will never look the same again. They will also get mischaracterized by the automated fund performance tracking systems. They are not geared to dealing with a 22% drop in NAV because of ex-divs.

I happened to have a rather long and interesting conversation with a Northern Trust representative on Friday morning. I had first called up Fidelity but they told me to call Northern Trust. I just wanted to check on something. What I wanted to find out was whether it was OK to just turn around and sell some of the shares we got, automatically reinvested, because of this distribution. I wanted to make sure that neither Fidelity nor Northern Trust would claim that I was selling shares without waiting 30 days or doing ‘excessive trading’. The answer is we are ‘OK’. You can go ahead and sell all or some of the shares reinvested as a result of this huge distribution without incurring the wrath of the Fund or a broker. But of course you will end up having tax consequences. I typically do not have dividends or cap. gains reinvested. I take them in cash instead. But this NOIEX distribution required special care. I decided to take it in stock to take a gamble on the NAV. Just my own personal preference.

The Northern Trust rep. and I ended up in long conversation about mutual fund investing, something I have been doing for 30 years. He asked me what other funds I dabbled in. He hadn’t heard of any of them. Yes, I dabble in little known, boutique funds that I dig out in my long and involved bouts of research. That is how I found NOIEX. I have been with NOIEX for a long time. Maybe 6 years, at least. I did reduce my holdings in it this Summer. I wanted to be aggressive and mess with some IPOs.

I am not going to do anymore portfolio rejuggling this year. Done plenty this year. Yes, if the stars are right I will, of course, play some options. That is just a compulsive hobby. December 20 is a key option expiry date. I have a number expiring today. Another set next Saturday. So I probably will be forced to write some options on Monday because I hate to see stocks without options against them.

But early next year I will spend a few hours going over NOIEX. I have always had a partner fund alongside NOIEX, a much more aggressive fund, sans monthlies, that compensates for NOIEX’s slower growth. I kind of keep them balanced. I might rebalance that. Maybe get out of NOIEX all together and use the funds to write more options! So many options.

Merry Christmas. Don’t NOIEX. You will be fine.


2014 Winter Solstice In New England Is At 6:03 PM (Eastern), 23:03 GMT, On Sunday, December 21, 2014.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related posts:
>> 2014 Summer Solstice.
>> 2013 Winter Solstice
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>> 2013 Shortest Day.
>>
Summer Solstice 2013

>> Google Solstice Doodles.
>> 2012 Winter Solstice.

++++ Search ‘solstice‘ for other related posts >>>>


 Click to ENLARGE.

2014wintersolstice


 Rejoice! Revel!

Please join me in celebrating, and you should, my FAVORITE day of the Year.

The Winter Solstice — when we get Winter on the run.

Days start getting longer — at once.

Spring is on the way.

We have turned the corner.

The Sun has prevailed.



Please do a search on ‘solstice‘ and refer to my previous posts on the science behind the solstice.

Yes, it is the Summer solstice for those down below. I feel bad for them.
Their days start getting longer. Winter is on the way down to them!


Devanee & I With Governor Maggie Hassan & Mr. Tom Hassan At The State House On December 18, 2014.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related Posts:
>> Tour of New Hampshire Historical Society Museum.
>> N.H. Law Enforcement Officers memorial 2013.
>> First shift as a GSA at the N.H. State House.
>> Visiting the N.H. State House in Concord.

++++ Check Category ‘Granite State Ambassadors’ for other related posts >>>>


 Click to ENLARGE.

Anura Guruge, Governor Maggie Hassan, Thomas Hassan, Christmas 2014



We lucked out.

‘Granite State Ambassadors’ (GSAs), given that we help out at the State House, were kindly invited to attend the Governor’s Christmas Tea for State Workers. I was going to go. I like the Governor, I like visiting the State House and I wanted to take some pictures. When Devanee heard I was going her words were: “you are not going without me”. Well, I like to please. So I e-mailed the State House. They were lovely. The answer was ‘of course, you can bring her‘. Thank you.

Now Devanee did meet with the Governor, at the State House, in July and had her picture taken. But it was good that she wanted to go.

The Governor, first and foremost a mother, is delightful. She is so, so good with children — actually with adults too. Given that we take school parties on tour I have seen her in action with kids a number of times. Just magical. First time I got to meet Mr. Thomas Hassan, the Principal of Phillips Exeter Academy. Suffice to say he is a CLASS ACT.

It was a great experience. Lot of nice people. We got to chat with some interesting folks. LOT of food, but mainly chocolates and sweets. So I had to graze on some cheese. But it was very good. I will post my pictures later today.


Virginia Drew, Director, New Hampshire State House Visitors’ Center With 2014 State House Christmas Ornament.

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by Anura Guruge


Related Posts:
>> Tour of New Hampshire Historical Society Museum.
>> N.H. Law Enforcement Officers memorial 2013.
>> First shift as a GSA at the N.H. State House.
>> Visiting the N.H. State House in Concord.


 Click to ENLARGE.


Virginia comes up with the design for each year’s State House Christmas ornament — and they are extemely popular. Each year she manages something representative and compelling. For 2014 the theme was “1ts in the Nation Primary”. This ornament is $18.


Virginia Drew is quite a remarkable, multitalented and vastly competent lady. She runs the State House Visitors’ Center like a well oiled machine with a nonchalant efficiency that is quite amazing to witness. Her knowledge of N.H., U.S. and State House history and lore is encyclopedic. Artistic to boot as is demonstrated by her yearly Christmas ornament designs. I always enjoy seeing her. Invariably I come away having learnt something. On Thursday, Virginia, who also has a heart of gold made sure that all of Granite State Ambassadors (GSAs) had a chance to visit the Governor’s Christmas Tea. That is when I took this picture because I had my Canon in my hand. 


I Do NOT Think They Stole Sony Administrator’s Password — I Am Sure They BOUGHT It.

.Anura Guruge December 2014 thumbnail
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by Anura Guruge


Related Posts:
>> Craigslist, Sony hacked — Nov. 25, 2014.
>> Avast Forum hacked — May 27, 2014.
>> Vatican hacked? — Apr. 27, 2014.
>> Obamacare hacked — Apr. 23, 2014.


sonypwtole1a

Click to access original from ‘gizmodo’. Google for others.

 


Big difference between stealing and buying.

Everything and everybody, as is said, has a price. In the scheme of things an Admin password, even if it is that of Sony, probably isn’t that much. Definitely less than a million.

And they would have had that kind of money.

Much, much simpler and quicker than hacking. Buy a password and ‘Bob, is your uncle’.

From the very start I suspected that this was the case.

There would not have been just ONE admin. at Sony. Plus Sony is NOT a U.S. company. It is a Japanese company. Given that I am sure that the HQ in Japan insisted that they have access, if not control, of the U.S. systems and servers. So some of the passwords would have been known in Japan.

That is where I would start — and remember I have been in computers since 1969. I know few things about IT security.

This was NOT a hack per se. This was a compromise.

Easy analogy. Rather than breaking into your house, a criminal gets a key and the PIN for your security system from your babysitter for $400. Big difference. That is what happened here. I am pretty sure about that.


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