Last updated: April 2026
Not Financial Advice
All content published on MB Capital Strategies Global — including stock analyses, portfolio updates, comparison articles, market commentary, and YouTube videos — is provided for informational and educational purposes only. It does not constitute financial, investment, tax, legal, or any other form of professional advice.
No Investment Recommendation
References to specific securities, ETFs, cryptocurrencies, or other financial instruments should not be interpreted as recommendations to buy, sell, or hold. The author writes about positions held in his personal portfolio for transparency purposes — this is documentation, not advice.
Before making any investment decision, you must perform your own due diligence and, if necessary, consult a licensed financial advisor or tax professional in your jurisdiction.
Risk Warning
All investments carry risk, including total loss of capital. The asset classes covered on this website — equities, especially small-cap, emerging market, and commodity-linked stocks; high-yield instruments; cryptocurrencies; P2P lending — carry above-average volatility and can lose significant value rapidly.
Past performance is not indicative of future results. Dividend yields can be cut or eliminated. Currency fluctuations can amplify or eliminate returns for international investors.
The sectors covered on this website carry specific risks:
- Shipping stocks are highly cyclical and can experience dramatic swings in revenue and share price based on freight rate movements, global trade volumes, and geopolitical disruptions.
- Mining stocks are exposed to commodity price volatility, operational risks (geological, environmental, political), and the inherent uncertainty of resource estimation.
- MLPs and pipeline investments carry regulatory risk, interest rate sensitivity, commodity volume exposure, and tax complexity. Distributions are not guaranteed.
- BDCs invest in below-investment-grade debt of private companies, carrying credit risk, default risk, and potential NAV erosion during downturns.
- High-yield investments in general carry above-average risk of capital loss. Attractive yields may reflect elevated risk.
Author Position Disclosure
The author may hold positions in securities discussed in articles. Where this is the case, it is disclosed within the article itself. Position changes are reported in monthly portfolio updates. The author does not engage in front-running, pump-and-dump schemes, or paid stock promotion.
Forward-Looking Statements
Articles often contain forward-looking statements regarding company performance, commodity prices, dividend trajectories, or market conditions. These reflect the author's analysis at the time of publication and are subject to numerous uncertainties. Actual outcomes may differ materially from any projections.
No Fiduciary Relationship
Reading content on this website does not create a fiduciary, advisory, or any other professional relationship between the reader and the author or MB Capital Strategies Global.
Jurisdiction-Specific Notes
United States readers: The author is not a Registered Investment Adviser (RIA) under U.S. law. Content is general commentary, not personalized investment advice within the meaning of the Investment Advisers Act of 1940.
United Kingdom readers: The author is not authorized by the Financial Conduct Authority (FCA). Content is journalistic / educational and does not constitute regulated financial advice within the meaning of FSMA 2000.
European Union readers: Content is general information and does not constitute "Anlageberatung" (investment advice) within the meaning of MiFID II.
Third-Party Data
Financial data, charts, and price information may come from third-party sources including Polygon.io, EIA, FRED, Investing.com, and company financial reports. While we strive for accuracy, we cannot guarantee data correctness and bear no liability for decisions based on third-party data inaccuracies.
Calculator Tools
The calculator tools provided on this website are educational aids designed to help users model hypothetical scenarios. Calculator outputs are approximations and do not account for transaction costs, taxes, fees, or other real-world factors.
Limitation of Liability
To the fullest extent permitted by applicable law, MB Capital Strategies Global and its author(s) shall not be liable for any direct, indirect, incidental, consequential, special, or exemplary damages arising from or in connection with the use of this website or reliance on any information provided herein.
Governing Law
This disclaimer shall be governed by and construed in accordance with the laws of the Federal Republic of Germany.
Contact for Corrections
If you spot a factual error in any analysis, please email mbcapitalstrategies@gmail.com. We correct errors promptly and transparently.
Our Research Methodology
Transparency about how we research is as important as the disclaimer itself. Here is how analysis on this website is actually produced, so you can evaluate its weight appropriately.
Primary Sources
All stock analysis starts with primary source documents: annual reports (10-K, 20-F), quarterly earnings releases (10-Q, 6-K), earnings call transcripts, and official SEC or Oslo Stock Exchange filings. For shipping stocks, we consult Baltic Exchange data (BDI, BDTI, BCTI) and published fleet reports. For mining stocks, we use National Instrument 43-101 Technical Reports, All-In Sustaining Cost (AISC) disclosures from World Gold Council standards, and company reserve statements. For energy and pipelines, we reference EIA data, OPEC publications, and company investor day materials.
Financial Data Sources
Price data and financial metrics are sourced from Financial Modeling Prep (FMP), Parqet, and company-reported figures. Where FMP data and company-reported data conflict, company-reported figures take precedence. Dividend data is cross-checked against company press releases before any analysis is published. We do not rely solely on aggregator data for dividend amounts, ex-dates, or payment dates — these are verified against the original company announcement.
Macroeconomic Context
Commodity market context is drawn from U.S. Energy Information Administration (EIA) monthly reports, International Energy Agency (IEA) outlooks, the Federal Reserve Economic Data (FRED) database, and OPEC monthly oil market reports. Interest rate context references Federal Reserve and European Central Bank publications. We do not use paid research reports or analyst notes as primary sources — all macro claims are traceable to publicly available government or exchange data.
Fact-Checking Protocol
Every article published on this website follows a two-source verification rule for factual claims: any number, date, percentage, or company fact requires at least two independent sources before publication. Forward-looking statements — projections, estimates, price targets — are clearly labeled as such and separated from verified historical facts. Where we cannot verify a claim from two sources, we either omit it or explicitly state that it is an estimate or market expectation, not a verified fact.
Conflict of Interest Disclosure
The author holds a personal investment portfolio with positions in hard asset stocks, including shipping, mining, energy, and pipeline companies. Specific position sizes (as a percentage of portfolio) may be disclosed for transparency. The author does not receive payment from any company to write about its securities. Research priorities are driven by personal investment interest and audience requests — not by issuer relationships.
Article Currency and Updates
Financial data changes continuously. Articles are published at a specific point in time and reflect conditions at that moment. Older articles may contain outdated data. Major changes — dividend cuts, rating changes, mergers, bankruptcies — that materially affect the thesis of an article are noted with an update notice at the top of the affected article. We do not silently revise articles to hide errors; corrections are marked with the correction date.
What We Do Not Cover
This website focuses on publicly listed equities and does not cover: options or derivatives strategies, real estate, private equity, cryptocurrency (except when relevant to commodity markets), tax advice specific to any individual's situation, or short-selling strategies. The Yield-on-Cost and dividend snowball calculator tools are educational models only and do not account for taxes, transaction costs, broker fees, currency exchange losses, or dividend reinvestment timing.
Reader Responsibility
Investment involves individual circumstances. What constitutes an appropriate investment for one person — in terms of risk tolerance, investment horizon, tax situation, and portfolio concentration — differs entirely from another person's situation. No content on this website can account for your individual circumstances. The analyses presented here reflect the author's perspective on publicly available information. They are starting points for your own research, not conclusions.
If you are new to investing in hard assets, shipping, or commodity stocks, we recommend reading broadly before acting on any analysis. These sectors involve above-average complexity: shipping rates, charter structures, commodity cycles, geopolitical risk, and FX exposure all interact in ways that standard dividend-yield analysis alone does not capture.
Use the research here as one data point among many. Read the original filings. Listen to earnings calls. Form your own view. That is what the author does.
Updates to This Disclaimer
This disclaimer was last updated in June 2026. Material changes to the scope of content published on this website, the types of instruments covered, or the applicable regulatory environment may require updates to this document. When substantive changes are made, the "last updated" date at the top of this page will reflect the revision. Continued use of this website following any update constitutes acceptance of the revised disclaimer. Questions about this disclaimer or the research standards applied on this site can be directed to mbcapitalstrategies@gmail.com.
How to Use This Research Responsibly
The most productive way to engage with the content on this website is as structured raw material for your own analysis — not as a finished investment conclusion. Each article is written from the perspective of a private investor managing a real portfolio of hard-asset dividend stocks. That means the analysis reflects one person's priorities: high free-cash-flow yield, dividend sustainability, commodity cycle positioning, and capital preservation in a rising-cost environment.
Your priorities may differ. A higher risk tolerance, a longer time horizon, different tax treatment of foreign dividends, or different currency exposure will all change the attractiveness of the same stock. The framework published here — cash yield, free cash flow over earnings, sector cycle stage, management capital allocation history — is a starting point, not a universal rulebook.
When reading any stock analysis on this site, consider three independent questions: Is the underlying commodity thesis intact? Does the balance sheet support the dividend across a full cycle? And does the valuation offer sufficient margin of safety given the cyclical nature of the business? These three filters, applied consistently, reduce the risk of buying dividend traps — stocks with high nominal yields that cannot be sustained through the inevitable sector downturn.
The calculator tools are intended to model behavior over time, not to predict specific outcomes. Input values should be stress-tested: what happens if dividend yield drops from 10% to 4%? What if the reinvestment rate falls? Running the calculator with both optimistic and conservative assumptions gives a realistic range, which is more useful than a single-point projection.
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