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MORE DOWNSIDE. AND GOLD GOES THRU THE ROOF

February 12, 2016

BUYING investment grade Southern Copper Corporate Bonds.  Cusip 84265VAH8  Maturity April 2025.  5.43%

Update Thursday: We are very happy to see that the order on PRH got filled.  This is a quality income issue that we plan on holding for years.  We should have never sold this sucker:  even if it goes down further, we will hold.

The market is crashing and we feel that there is ADDITIONAL DOWNSIDE in stocks.  We are thinking about using SH to short the market.  Still holding our single gold position GGN:  hooray

Do not follow all the bullcrap articles talking about buying stocks at bargain prices.  Stocks CAN GO LOWER….LOL.  Do nothing right now.  CNBC is an educational tool but never invest based on the biased bs that they spew out.

THE BIG QUESTION:  WILL THEY INCREASE OIL PRODUCTION AS HAS BEEN RUMORED.  THAT WOULD CHANGE EVERYTHING.

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From realinvestmentadvice.com

“Of course, falling rates means the ongoing “bond bull market” will remain intact for another year. In fact, if my outlook is correct, bonds will likely be one of the best performing asset classes in the next year.”

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From FactCheck.org

Donald Trump said he “heard” the unemployment rate was really 42%. It’s not. That figure would include retirees, teenagers, stay-at-home parents and anyone else who doesn’t need or want to work.

The unemployment rate is actually 4.9% for January.

If Trump wanted to include the underemployed (part-time workers wanting full-time work) and the “marginally attached” (those who have given up looking for a job but had looked for one in the past year), then he could use 9.9% as his number for the underemployed and the unemployed. That’s the Bureau of Labor Statistics’ “U-6″ measurement of labor underutilization, its most comprehensive statistic on those who are underemployed or unemployed but want to work.

Feb 9, 2016

Update:  We cannot get a break on PRH.  We were stupid in selling last year.  And when we tried to buy on a dip, we missed it yesterday.  We should have bought at $25.17.  We maintain a buy now at $25.17 but do NOT expect to get filled. 

(Also watching GBAB for buy in IRA)

Back in 2014 we bought PRH and made the mistake of selling it later.  We have been watching for a bargain in PRH and it appears to have almost arrived.

We are placing a limit buy order at $25.10.  But you can buy anywhere close to $25.00.  Right now it is at $25.17

Pasted below is our ORIGINAL BUY discussion:

Buy at $24.75 and under $25.00

Prudential Financial 5.7% Junior Subordinated Notes PRH is debt that trades on the stock exchange.  It trades like a stock.  The income is distributed quarterly.

http://finance.yahoo.com/q?s=PRH

PRH gives provides you a good investment at low risk which is why you are seeing a somewhat low yield BUT its certainly better than a CD or Treasury.  PRH can be called in 2018 at $25.00 which is HIGHER than what you are going to pay…what a great deal.

I really like Exchange Traded Debt and have had good luck over the years.

Can you believe this number:  $747 Billion in assets.  Wow.  Prudential Financial, Inc. is an insurance and investment management organization headquartered in Newark, New Jersey. As of March 31, 2014, the company had total assets of $747 billion and total shareholders’ equity of $39 billion.

Bottom Line:  Unless Prudential goes belly up which is most unlikely you have very little risk and a pretty good yield

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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ADDITIONAL 10% DROP HIGHLY PROBABLE

February 8, 2016

From SeekingAlpha.com:

“The whole question for me is when am I going to buy enormous amounts of corporate credit, because it’s crystal clear that that’s the next opportunity that’s out there,” Bloomberg quotes Gundlach as saying. “There’s plenty of things out there that will have 100 percent returns. It’s a whole question of: Don’t tell me what to buy, tell me when to buy it.”

Strikingly then, Gundlach and Inker agree. Although GMO has been a buyer of corporate debt throughout 2015 and year-to-date as well, anyone who troubled to read Inker’s analysis to the end would appreciate that in his last paragraph Inker states his “hunch [that] we are probably getting in a little early” but is likely doing so because of “the fear that we might not get all the exposure we would like” since he views it as impossible to call the turn.

In other words, according to these two distinguished investors, the best time to invest in corporate bonds has yet to materialize but is near at hand.

February 6, 2016

If you look at the long term charts, you will notice that the stock market indices are dropping back toward the levels BEFORE the Fed instituted their stupid Quantitative Easing programs. 

Momentum is still in a declining trend and pending introduction of some sort of stimulus program ie QE or negative interest rates, the stock market will continue downward.

We suggest you ignore financial advisors out there that are telling you to continue holding.

It appears that QE was a huge mistake and didn’t do anything productive other than prop up the markets and allow the rich to get richer. 

This has been nothing short of a big “round-trip”.

As we have been telling you the big institutions started to SELL last year.  They are the smart money.

Another 10% drop is highly likely, getting us back to where we started with QE.  But keep in mind this crooked administration will do anything to get the markets going higher as we get closer to the elections…..in order to get Hillary elected, that is if she isn’t in jail first.  But of course they will never let that happen either.  Trump is a little nutty but he is smart as a fox and hopefully get things back on track after this current travesty of an administration.

Retired folks are getting hit with very low yields in CDs and Treasuries.  They simply do not know where to look for higher paying investments.

We buy individual corporates which give you more yield.  And we have started to sniff around in the preferred stock arena where the yields can be quite good.

We are doing everything possible to avoid future losses and currently hold bonds, some SELECTED bond funds, CASH and some gold—which is doing well.  There are several potential buys that we are evaluating but caution is the word right now.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

Contact Us.

Feb 3, 2016

This is stunning stuff:

The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned…..AND:

J.P. Morgan Chase has turned its back on the stock market: For the first time in seven years, the investment bank is urging investors to sell stocks on any bounce.

“Our view is that the risk-reward for equities has worsened materially. In contrast to the past seven years, when we advocated using the dips as buying opportunities, we believe the regime has transitioned to one of selling any rally,” Mislav Matejka, an equity strategist at J.P. Morgan, said in a report.

February 2, 2016

Gold is heading up.  And the yield on the ten year Treasury is heading down:  NOW UNDER 2%.  Even more GDP is lousy.  All are indications that this economy really sucks.  (Update:  Treasuries now at 1.8%.  WOW.  Negative signal.) (Update:  And now the dollar is collapsing…more negative signals.)

After the huge swing UP last Friday, the markets are tanking today.  We are not seeing any confirmation for upward strength.  We will continue to follow the charts as we are technicians.  We still suggest you avoid stocks right now.

WE ARE IN CASH, CORPORATE BONDS AND SOME SELECT BOND FUNDS, AND A LITTLE GOLD.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

Contact Us.

January 29, 2016. 

Despite a huge upswing (short-covering) today in stocks, we feel CASH IS KING.  We remain primarily in bonds and cash.  It FEELS like we are heading into a bear market unless they provide stimulus like another quantitative easing.  Obammers policies have killed this economy and Sanders would be even WORSE.  We continue holding the oil positions as energy appears to be rising from the dead based on speculation that Opec will reduce production:  this may not happen .  Follow the link to an excellent article:

http://seekingalpha.com/article/3847806-something-wrong-u-s-stock-market

January 27, 2016

As we have mentioned many times, we are in capital preservation mode…meaning risk aversion.  In other words we are conserving what we DO have!  So we are essentially out of the stock market.

We have been buying individual corporate bonds and one preferred.  Do NOT buy corporate bond FUNDS.

The retail investor knows almost nothing about corporate bonds.  Wall Street makes NO money selling you a bond and therefore you never hear about corporates on the tube.  They want to sell you annuities (a travesty) and stocks.

Corporates “act like” US Treasuries….you buy it and hold to maturity.  You earn the dividends while you wait.  Unlike Treasuries, corporates are riskier as they are issued by Companies like Apple and hundreds of others.  Public Companies can theoretically go bankrupt…..unlike Uncle Sam.  So you want to buy higher quality issues from Companies that you know will be around for the next ten or twenty years.

In this market environment, we feel investment grade bonds are a good choice for retired folks that need income.

We are watching AEP a utility for a possible buy next week when they go ex-dividend.

The momentum for stocks is DOWN and we feel there is a potential for an additional 10% drop.  IF……..IF the Fed indicates today they will NOT be raising rates, things will change.

Gold has been moving up and we continue holding GGN with a very good yield.  We also continue holding all oil positions.

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As a reminder to regular readers we are sending out push emails on a sporadic basis.  …..we are simply updating this page.  You should “favorite” this site if you want to read our thoughts.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

Contact Us.

January 21, 2016

Buying PSAPRB Limit Order at $24.73.  Rising interest rates could hurt this but probability of rising rates this year have dropped to zero.  Safe and pays a nice yield.

IF you still own stocks, you should be selling into this rally, NOT buying.

January 19, 2016

It looks like they will try to rally off the “triple bottom” that we see in the charts.  If they can rally up, the highest probability is a subsequent DECLINE TO BELOW the triple bottom.  We would approach any rally as an opportunity to SELL any stocks that you still hold.

Long-term momentum indicators are still DECLINING.

As a reminder to regular readers we are NOT sending out push emails…..we are simply updating this page.  You should “favorite” this site if you want to read our thoughts.

Right now we are in capital preservation mode:  unless you are an experienced trader, stay out of this market in terms of stocks.  We ARE still buying corporate bonds, and are looking at income positions like Treasuries and CD’s….which provide a deplorable yield of almost nothing.  But that’s the market, you have to live with it.

It should be noted that we are in retirement mode.  So huge capital gains are not the objective.  Younger investors can use our commentary for investment decisions in their conservative portion of the portfolio.

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RECESSION LOOKS POSSIBLE.  EARNINGS SO FAR TERRIBLE.

Image result for danger sign

January 13, 2016

Buying Welltower Individual Corporate Bond #42217KBA 2023 3.76%

Buying Individual Corporate Bond Digital Realty Trust #25389JAK2 October 2022 3.8%

The highly respected Kiplinger is offering a free copy of their income newsletter:

https://services.kiplinger.com/wes/servlet/OrderPageCreator

January 11, 2016

We said SPY would hit 1900 by the end of January, but we already got there.  It appears we may see a short term rally…but LONG TERM the charts are telling us that the trend is still down.  We suggest owning NO stocks.

We continue buying Corporate Bonds:  short term and high quality:  but low yield.

GO TO Core Portfolio TO SEE A LISTING OF ALL POSITIONS

From the  theeconomiccollapseblog.com

“According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”.  That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

This is something that my friend Mac Slavo pointed out the other day.  I encourage you to read his analysis right here.  If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.”

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January 8, 2016

realinvestmentadvice.com:

“Statistically speaking, the odds suggest that cash and fixed income are likely to provide some of the highest rates of return in the next year barring a complete reversal in monetary policy by the Federal Reserve.”

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McClellen Financial Publications:

“Whatever may be the real driver of price movement physics, we are seeing the market turn down like it did in January 2008, and not turning up like January 2012.  So the presumption is that we are in for a bear market year.  It does not have to be of the magnitude of 2008, or 2001-02, but a downward trend is still what is upon us.”

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Bought VGR Individual Corporate Bond #92240MBB3 5.5% 2021  Can be called next month but that is highly unlikely.  Very stable Company and even if this issue is called you break even.

We like corporates right now.  They act similar to Treasuries in that you are paid back your invested money at maturity in addition to the dividends/interest that you earn.  It is important that you buy quality issues in that you can lose everything if the Company goes under.

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Bought American Axle Corporate Bond #024068AN0  A stable Company but this is not investment grade.

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Look like Death Cross may appear again:  50 under 200 moving averages.

Long term trend for stocks is still DOWN DOWN DOWN.  The general consensus is for NO additional interest rate hikes.  Is another Quantitative Easing in the works??

January 4, 2016

The stock market is falling apart and we have been telling you to get out of stocks for months.

We are in capital preservation mode:  searching for short term high quality income investments.  Short term high quality also means low yield but we do not care at the moment.  We have been looking at corporates but due to various reasons, we have so far only purchased one.

January 3, 2016 

Buying Walgreens Corporate Bond #931427AF5  2021 3.5%

January 1, 2016

We will be buying numerous Individual Corporate Bonds next week.  Check back if you are interested.  We are a big corporate bond investor as the Core Portfolio illustrates.  There are so many advantages to this segment.  We are also very nervous about the stock market going into January and we expect a significant decline.  We would be out of stocks right now BUT having said that keep in mind that they will do everything possible to make the economy look good to ensure Clinton gets elected.

December 30, 2015

We are HOLDING OIL POSITIONS:

See a pattern? When the hedge funds have added to the short position, oil prices have fallen. When they have covered the short, oil prices rose. With the short position now at a record size of 325 million barrels, oil is more than due for a short-covering rally.

When this rally could start is uncertain. Though, these traders are likely going to want to take some profits soon. Once that happens, it could end up being a stampede, much like what occurred during the last few rallies.

As was saw in back in September, oil prices are capable of putting up a 4.6, 3.7, and 3.8 standard deviations movements in less than one week. All I can say is to expect tons of volatility is the next few months for oil prices.

Yes Bill really is sleazy:

Some of the sexual stories and allegations Trump may bring up, besides Bill Clinton’s affair with his former intern, include:

  • Eileen Wellstone’s claim that Clinton raped her in 1969. The two allegedly met at an Oxford pub.
  • Juanita Broaddrick’s claim Clinton raped her April 25, 1978.
  • Gennifer Flowers’ claim that she was Clinton’s mistress for 12 years.
  • Kathleen Willey, a former White House aide, claimed Clinton sexually assaulted her Nov. 29, 1993.
  • Paula Jones sued Clinton for sexual harassment in 1994. The lawsuit was dropped in 1998 after an $850,000 out-of-court settlement was reached.

Read more at http://www.wnd.com/2015/12/trump-ramps-up-attacks-on-bill-clinton/#9Tmo3Dv6dxr3xqx0.99

December 16, 2015

Image result for financial merry christmas

NOTICE:  Since starting this blog back in 2012 we have posted many hundreds of financial posts with readers from almost 100 countries world-wide.  For old fogies like us, it is truly amazing how anyone can now have world-wide reach.

We have tried to provide advice based on our experience in addition to investment advice.  But due to increasing time commitments on other projects going into 2016 we are temporarily suspending update of this site.  If time permits in early 2016 we will start posting.  If something truly groundbreaking happens in the financial markets we will post our thoughts.

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If the Fed raises rates tomorrow, the highest probability is for a stock market decline.  The institutions have been selling all year which is a negative indicator.  In addition the decline in the junk bond market is another bad sign.  You may want to sell any positions in which you have a profit…or at least have sell orders in place to protect yourself.

RAISING CASH IS THE PRUDENT PATH RIGHT NOW.

Banks will go higher with an increase and this presents an opportunity.

December 14, 2015

WE SOLD ALL OF THESE:  HDLV PRH SGZA TCRX VRP TDA TANO CHSCL JMPC COWNLThere is too much turmoil and risk in the markets right now for our taste.

With oil collapsing and the Fed announcement this week which may increase rates (and hurt the stock market), we would rather be raising cash.  As some point in the future we may, or may not, buy back sold positions.

We may sell more positions on Tuesday.  We plan on HOLDING the corporate bonds to maturity, and holding the other bond funds that are in the Core Portfolio.

We had a number of buy orders in place.  WE ARE CANCELLING ALL BUY ORDERS.  We suggest doing nothing in the markets until the Fed speaks this week.

From realinvestmentadvice.com:

With economic growth currently running at THE LOWEST average growth rate in American history, the time frame between the first rate and next recession will not be long.

However, as I have stated many times in the past, it is quite likely the Fed is already well aware that we are very late in the current economic cycle. For them, the worst of all possible outcomes is being caught at the “zero bound” of interest rates when the next recession begins which removes one of the more effective policy tools at their disposal.

For investors, there is little “reward” in the current environment for taking on excess exposure to risk assets. The deteriorating junk bond market, declining profitability and weak economic underpinnings suggest that the clock has already begun ticking. The only question is how much time is left.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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SELLING——

December 14, 2015

WE SOLD ALL OF THESE:  HDLV PRH SGZA TCRX VRP TDA TANO CHSCL JMPC COWNL

We had a number of buy orders in place.  WE ARE CANCELLING ALL BUY ORDERS.  We suggest doing nothing in the markets until the Fed speaks this week.

December 12, 2015

It was a BAD week in the markets.  BUT patience is required and next week, with the Fed’s decision, will tell stock investors what to do.The BIG question in whether Yellen is really so stupid as to increase rates despite bad economic news.

OIL is is bad shape.  We follow some smart oil advisors and they forecast $20 per barrel oil…..bad news.  DO NOT buy any energy or oil positions no matter what you read in the press.  If you own oil stocks you may want to sell………we are evaluating what we hold.  As we are most interested in capital preservation, we may want to start selling select positions even at a loss.

We are still watching numerous exchange traded debt for BUYS.

December 11, 2015

nominal-retail-sales-card_0

The market smells…..we can’t break out to the upside.  Yes they are propping up the markets by buying a few big stocks, but hundreds and hundreds of stocks are heading DOWN.

Scroll down to see the chart we posted yesterday,

Yes we may see a Santa Claus rally.  But if you are holding SPY or other averages make sure you have sell stops in place to protect yourself should this market tank. Remain cautious.  If the Fed raises rates next week, we may see a pullback.

We are placing two additional buy limit orders on these positions.  They go ex-dividend tomorrow and IF the prices come down to our buy price, we want to own them. They pay around 6%.

ARU Ares Capital $25.18

THGA Hanover Insurance.  $25.18

We are still holding numerous buy orders as described in prior posts but demand for income issues is so strong that they are not coming down to our buy prices.

We are trying to buy an individual corporate bond but it has not been available from our broker.  BUY if you can get it.

Block  093662AF1

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The liberal press and east coast political elitists can’t believe the popularity of Trump.  These F====g idiots have no idea what is going on in the country.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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SOLD NTI. STOCK MARKET PROBABLY GOING HIGHER. HOLDING THE BUY ORDERS.

December 9, 2015

The huge Institutions are SELLING STOCKS:

BofA-2015-cumulative-Flows

 

 

Image result for december 7 in memory pearl harbor

From Bryan Perry, newsletter writer:

That’s Fed speak for: We’ve been telegraphing this rate hike for months and, come hell or high water, we’re going to raise rates to save face in light of the fact that the most recent readings of domestic Chicago PMI, ISM Services, Retail Sales and Pending Home Sales all missed forecasts by a country mile. Plus, emerging markets are in a steep recession and China’s central bank is manipulating its stock market in the final hour of trading every other day to keep it afloat while tossing short sellers into hard-labor camps.

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First up, we sold NTI on Friday.  This was a refiner that we held in the Core Portfolio. It paid a nice dividend but it is time to get out.

As regular readers know, we use technical analysis.  In other words we look at the “charts”.  We have learned from experience that fundamental analysis (like that idiot Cramer uses) NO longer works.  The markets have been manipulated for years now and you have to use technical analysis to really understand what is happening on a day to day basis.

Having said that, the charts are telling us that the highest probability for markets is UP…………at least for the near future.  If you hold averages like SPY simply hold on.  NOTE  We are NOT saying the economy is in great and wonderful shape…..we are simply telling you what the charts are saying.

We recently listed numerous buy prices on exchange traded issues.  NONE of them filled which speaks to the demand for income issues…the prices are simply not coming down to the prices we want.  We continue to hold the buy orders and we still may get lucky at the lower prices that we want.  We are also looking at several additional issues to buy.

Oils.  A disaster and it looks like prices will continue down.  We own several energy positions and we are getting hurt.  But this will turn around….someday……. and we are holding.  To sell now would be simply stupid.

The Core Portfolio holds primarily corporate bonds, exchange traded debt, selected bond funds and the disastrous oil issues.  IT IS IMPORTANT to remember that if you buy corporate bonds, you must commit to holding until they mature.  They WILL go up and down in value.

After the Thanksgiving we are now on diets!!!!!!  If you are in the same mode, good luck.  It’s a tough road.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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SOME BUY PRICES

December 3, 2015

SELL NTI

MOVIES:  Brooklyn.  If you are interested in a love story, run to see Brooklyn.  If this movies doesn’t bring tears to your eyes, nothing will.  This flick got a 98% rating on Rotten Tomatoes and it earned it.

We are entering Limit Buy Good Until Cancel orders for the following.  These are debt issues and you should plan on holding long term. 

TDA $23.79

PRH $24.99 (up to $25.10)

ENJ $24.59

TCCB $24.99

SGZA $24.99

Here is a lengthy article on the impact of rate hikes on the stock market:

http://www.ciovaccocapital.com/wordpress/

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This is going to be a dead week going into Thanksgiving….altho most financial peeps are forecasting the typical Christmas rally heading into the end of the year.  We want to buy several positions listed below……..hold on to all positions in the Core Portfolio.

The big news in December will be the Fed announcement on rates:  not much will happen until then.

We are happy to see the end of 2015…..this year has SUCKED for dividend investments.  

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We are watching numerous exchange traded debt issues to buy and/or add to current positions.  All of these are going ex-dividend and the price typically declines…….but not always……….which provides a buying opportunity.

PRH (5.5%), ENJ (4.9%), THGA (6.2%), TDA (6%) and ARU (5.75%)

(What is the world is exchange traded debt?  Go here:

http://www.dividendyieldhunter.com/time-publish-baby-bond-25-debt-issue-primer-0

You may want to research these investments too see if they suit your needs.  The time frame for purchases is the end of November thru early December and we will be posting buy prices.  Of course not all of the prospects will work out and will fall by the side ie sometimes the prices actually increase after going ex=dividend.

We still have a buy limit order for SGZA at $24.99.

We have made some buys in the corporate bond arena, scroll down for info.  We also purchased CLMT.

Can you believe what is happening to the retailers….the internet is killing them that’s what.  Why fight the crowds when you can just click on Amazon and have your stuff delivered in days.  We just got a new credit card which offers an additional 4% cash back on Amazon purchases!!!  I wonder if Macys offers that….doubtful.

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……that the federal poverty level for a family of five is $28,410, but 51 percent of all American workers are making less than $30,000 a year at this point.  We have seen an explosion in the number of people in this country that are considered to be “the working poor” and it gets worse with each passing year.

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For new readers, our Core Portfolio is a stay rich portfolio, NOT a get rich portfolio.  We own conservative positions that pay dividends that are especially suited for retirees….. or for the conservative portion of younger folks portfolios.  For diversification we DO hold some leveraged (risky) positions which offer 8 and 12% (HDLV and MLPL)  HDLV own stocks like Verizon, ATT, Philip Morris, Duke and Southern Co.  Only the investor can determine whether they want to take on risk but in return get better yield.  

 

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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BUYING KEMIT CORP. CORPORATE BONDS BUYING INSURANCE AND REFINER: SGZA AND CLMT. BUY ORDER FOR SAQ 7.4%

November 17, 2015

BUYING Kemit Corporation Corporate Bonds.  14%  Maturity 2018

CUSIP 488360AF5

(UPDATE CHANGE BUY PRICE ON SGZA TO $24.99.)  Place Buy Limit order for SGZA at $25.30.

We do not foresee any impact on the US markets due to the terrorist attack.  Remember the markets are being manipulated by the Fed with very low interest rates and a strong dollar (and stock buy-backs by Companies).  They are not about to let this market go down, esp. with the upcoming election.

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We are seeing a pullback in the markets, but we certainly do NOT see a collapse.  It would not be surprizing to see a reversal and an uptrend as we get into next week.  Of course the oils and energy are a disaster….we like refiners but dont even think about buying oils right now.  Remember they are going to do everything possible to keep the markets going up into the elections next year, and get Hillary elected.

CANCEL DO NOT BUY Buy Limit order for SAQ at $25.13:  this is a business development company.

Buy Limit order for EMQ at $25.00:  an energy play.

Place Buy Limit order for SGZA at $25.30.

ADDED to CLMT at $24.90

Today we were listening to some highly respected oil and gas experts.  They anticipate even lower oil prices over the Winter and then a leveling off to the $50 and $60 level.  They feel Saudia Arabia has absolutely no intention of increasing prices as that would encourage enhanced production in the US.

ALSO keep in mind that Yellen and the Fed WANT to keep oil prices low as that helps the US consumer.  Higher interest rates…which they are proposing….are not good for oil pricing.

So why do we bring this up.  Lower oil prices are good for refiners.  CLMT is in the Core Portfolio and we will be ADDING to this position if we can get the right price.  (CLMT pays almost 11%.)  There are also other refiners that we are watching to buy.

CLMT is in a downtrend so we cannot add right now….but the opportunity should present itself within the next week.  We will post here when we decide to buy.

We continue holding the oil positions in the Core Portfolio for the dividends knowing full=well it could be years before we break even on these currently underwater positions.

SGZA Selective Insurance Company Baby Bonds have gone ex-dividend, and the price is coming down.  This position has been acting well and is a buy around $25.00.  It pays almost 6%.

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A reminder that we are updating this site every few days:  but we are NOT necessarily pushing out emial updates.  Visit this site for current comments.

This is a great free site which provides an excellent summary of the markets:

http://www.ciovaccocapital.com/wordpress/

Fun Fact:  The computing power in your SmartPhone would have cost $1,000,000 back in the 1980s.

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AMAZING

A team in Cambridge says it has cracked the technology for lithium-air batteries that cut costs by four-fifths and enable car journeys of hundreds of miles on a single charge. By the time we reach 2040, it is a fair bet the only petrol cars still on the road will be relics, if they can find fuel at all.

“Everything will be electrified. The internal combustion engine is a dead-end. We all know that, and the car companies ought to know that,” said one official handling the COP21 talks.

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GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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BORING AND UNEXCITING. BUY DUN & BRADSTREET

November 9, 2015

(Update:  The markets caved today but it appears to be a temporary pullback.)

Sometimes stable no-growth companies can offer nice yields on their bonds.

Dun & Bradstreet is offering a Corporate Bond that matures in June 2020 and offers 3.7%.  This is not bad for dividend investors that want a nice steady yield.

You can buy as few as ONE bond ($1000) and we suggest you look into this offering for the conservative income producing portion of your portfolio.

CUSIP  26483EAH3

Corporate bonds will fluctuate in price, up and down….similar to a US Treasury.  As a holder of Corporates you should not care about the changes in price.  As you near the maturity date, the prices will approach $1000 per bond.

It is Critical you buy Quality Companies when buying corporate bonds to ensure to receive your money back…………..in other words do not buy crappy companies that offer high yields, BUT could go broke.  Easier said then done sometimes.

Is Hillary in real trouble:

Klein said that in the simplest terms, Obama, “since he dislikes Hillary and the Clintons so much, probably would like to see Hillary pay the price for ignoring his orders about not using a private email server.”

However, according to those sources, he said, Obama “thinks it would be better for him if all this investigation of Hillary’s emails just passed away without an indictment, so he could end his presidency on an up note.”

“My sources very close to the White House say the president and Valerie Jarrett have actually talked about whether President Obama would give Hillary Clinton a presidential pardon, if she were indicted,” Klein said. “I’m not saying they are planning to do that; I’m just saying the subject has come up in their conversations.
Read more at http://www.wnd.com/2015/11/hillary-acolytes-trying-to-shut-down-fbi-probe/#hjtkhkHhqhQYcb7J.99

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/11/20151109_polmedia.jpg

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For new readers, our Core Portfolio is a stay rich portfolio, NOT a get rich portfolio.  We own conservative positions that pay dividends that are especially suited for retirees….. or for the conservative portion of younger folks portfolios.  For diversification we DO hold some leveraged (risky) positions which offer 8 and 12% (HDLV and MLPL)  HDLV own stocks like Verizon, ATT, Philip Morris, Duke and Southern Co.  Only the investor can determine whether they want to take on risk but in return get better yield.  .

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

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