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TAKING A LOOK AT GSBD

September 20, 2018.  There is a new seekingalpha.com article on GSBD, a holding in the Core Portfolio.

We are glad to see the positive comments.  It is NOT suggested you buy at current prices as GSBD was bought at lower prices in July.  This discussion simply suggests that investors should continue HOLDING GSBD in the Core Portfolio.

Goldman Sachs BDC, Inc. (GSBD) is a top-shelf business development company with above-average dividend coverage stats. The business development company relies on a defensively-positioned investment portfolio and has considerable net interest income upside in a rising rate environment. Goldman Sachs BDC easily outearns its dividend with net investment income, and shares continue to sell for a reasonable run-rate NII-multiple. An investment in Goldman Sachs BDC yields 8.1 percent.

https://seekingalpha.com/article/4207306-buying-8_1-percent-yielding-top-shelf-bdc-brainer?app=1&isDirectRoadblock=false

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Fidelity (the huge financial broker) is telling us the median balance in 401Ks is $26.000.  ‘Median’ is after you take out the highest ten percent of the rich people which would skew the numbers……so we get a good picture of the ‘average’ household.

The bottom line:  you have to start saving more.  You cannot retire on $26,000 which may cover your living expenses for one year!!!!  To start, cut out Starbucks and expensive restaurants.  Yes we love Starbux but $6 for coffee???  

If you are employed, (vs self employed), you MUST have your boss deduct the savings before you get paid.  That way you don’t miss the money that was deposited in your 401K,

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Here is an interesting perspective on the Emmy’s which we never thought of.

The final numbers from Nielsen are in and the Colin Jost and Michael Che hosted show pulled in 10.17 million viewers and a 2.4 rating among adults 18-49. – a new all-time low for TV’s biggest night

How many viewers have watched, let alone are even aware of, the vast majority of nominees? I mean, how much would someone have to spend just to be able to watch them? In the old days, all you needed was a TV and an antenna in order to see all the nominees. Then, you needed cable. Now, you need cable, HBO, Showtime, Amazon, Netflix, and Hulu. Also 47-hour days.

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Here is more interesting commentary on FEAR, the new Woodward book:

Beyond a considerable boost to the profit margins of Simon & Schuster, Bob Woodward’s Fear has had all the impact of what Senator Everett Dirksen described as “a snowflake upon the bosom of the Potomac River.” The response in Washington from President Donald Trump’s allies, and even from his longtime critics, has been a virtual shrug. Sure, cable news has struck a tone of continual hysteria—Red alert! DEFCON 1! Summon the panels!—but that is decidedly normal in Trump’s Washington. Why doesn’t anyone seem to care? Fundamentally, because, like Sherlock Holmes’ dog that did not bark in the night, the political and journalistic universe has known in general just about everything that Fear describes anecdotally.

The virtual shrug because Fear did not deliver what liberals were praying for: Evidence of Trump-Russia collusion. Got that, Jeff? I know it hurts that the one hailed as the greatest investigative journalist was unable to find such collusion but that is the bottom line.

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BUYS: NLYPRF AND CGBD

Now in the 6th year of Dividend Income Investor.
Before buying any investment, go to Core Portfolio for a listing of current positions.

September 18, 2018

BUY/ADD NLYPRF which is in the Core Portfolio.  We think the current price of $25.37 is a good entry point…….it got hit recently but the price should start turning up so now is the time to buy.  Here is a link to the full article.

FULL ARTICLE

BUY/ADD CGBD which is in the Core Portfolio.  Here is some positive copy from a SA article-also linked below.  The price of $17.25 is good.

I recently purchased additional shares of CGBD for many of the reasons discussed in this article, including excellent historical and potential dividend coverage driving a special dividend in Q4 2018 and likely a regular dividend increase in 2019 due to:
Increased leverage/reduced asset coverage ratio
Higher portfolio yield from rising interest rates
Lower operational expense ratios (including reduced management fee)
Lower cost of borrowings relative to other BDCs
Increased returns from the continued ramp of its Credit Fund

FULL ARTICLE

 

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LOOKING AT DSL

September 17, 2018.  We have owned DSL for OVER 4 years.  It is paying almost 9% and goes ex-dividend in two days.  You can BUY today as a new position and get the dividend, or you can wait and buy at a lower price after it goes ex-dividend—-the price will probably drop to $20.08. A Limit Order at $20.10 would be good.

If you already own, it really doesn’t matter when you buy/add to the position.

FUND DESCRIPTION: Doubleline Income Solutions Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Doubleline Income Solutions Fund seeks high current income; its secondary objective is to seek capital appreciation. FUND STRATEGY: The Fund will seek to achieve its investment objectives by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both. The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities and other income-producing investments anywhere in the world, including in emerging markets. The Fund’s investment adviser, DoubleLine Capital LP, allocates the Fund’s assets among debt security market sectors, and among investments within those sectors, in an attempt to construct a portfolio providing the potential for a high level of current income and for capital appreciation consistent with what the adviser considers an appropriate level of risk in light of market conditions prevailing at the time. The Fund may invest without limit in securities rated below investment grade. The Fund intends, subject to then favorable market conditions, to add leverage to its portfolio by using reverse repurchase agreements, dollar roll transactions and/or borrowings, such as through loans or lines of credit from banks or other credit facilities.

Here is a link to our original discussion:

https://luvthosedividends.com/2014/05/09/dsl-doubleline-income-solutions-fund-closed-end-fund-buy-8/

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BOOKS:  FEAR the new best selling book by Bob Woodward.  While traveling to DC and touring the White House (photo below), we had time to read FEAR by Trump-hater Hillary lover Woodward.  It is so interesting that the author does NOT mention a single positive Trump accomplishment.

One question:  when is he going to do his hit piece on the corrupt Hillary Clinton????.  We are not holding our breath!!!!!!  

WH CROPPED 2018

Here is some interesting copy from an article in The Weekly Standard.

But back to the question of whether all, some, or any of it is actually true. Even with the questionable writing style and obscured sourcing, the trouble with claiming Woodward’s book is a “scam,” as President Trump has called it, is that its depiction of the commander in chief is consistent with much of what those of us who cover the White House and the president have seen and heard every day since he descended the escalator in Trump Tower in 2015. There is nothing new in the implied conclusions of the book: Trump is erratic, impetuous, ignorant of basic facts, unfocused, forgetful, mercurial, cruel to his subordinates, bored by details, self-absorbed, obsessed with TV. Sure, it’s possible that Woodward manipulated hours and hours of interviews and reporting to produce a book that would conform to and confirm this widely accepted characterization. But it’s also possible that the man we see at rallies, in televised interviews, and on Twitter is exactly who he is behind the scenes and that his aides and advisers are even more alarmed than the majority of Americans. This is the premise of Fear; readers either will accept it or they won’t.

IT IS IMPORTANT THAT YOU VOTE IN THE UPCOMING MIDTERMS

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HCXZ FILLED

September 11, 2018.  Our standing order for HCXZ was filled today.  We suggest you buy if you can get a price around $24.65

September 10, 2018. The only ‘action’ in the Core Portfolio is a buy limit order for HCXZ at $24.65, and it appears this will NOT be filled anytime in the near future. Prices keep going up on potential buys, beyond what we are willing to pay.

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In the latest sign that the Trump administration’s economic policies are fueling an economic boom, the National Federation of Independent Businesses reported Tuesday that its gauge of small business optimism had risen in August to its highest level in nearly half a century. Indeed, the headline number climbed to 108.8, reflecting the fact that more small businesses are planning to hire more workers, raise wages or increase capital investment. That shattered the previous record set more than 35 years ago under Ronald Reagan.
“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming. As the tax and regulatory landscape changed, so did small business expectations and plans,” said NFIB President and CEO Juanita D. Duggan. “We’re now seeing the tangible results of those plans as small businesses report historically high, some record breaking, levels of increased sales, investment, earnings, and hiring.” said Juanita Duggans, the CEO of the NFIB.
“There is no question that the change of policy in Washington has everything to do with the increase in the optimism index.”

FULL ARTICLE

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WHO WOULD HAVE EVER GUESSED WE ACTUALLY AGREE WITH BERNIE SANDERS ON SOMETHING!!!

Image result for 9 11 2018 ANNIVERSARY
September 10, 2018.  The only ‘action’ in the Core Portfolio is a buy limit order for HCXZ at $24.65, and it appears this will NOT be filled anytime in the near future.  Prices keep going up on potential buys, beyond what we are willing to pay. 

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Regular readers know we really like Lance Roberts and his free financial advice.  He has left his gig on the Houston radio station, and is now producing his own podcast.  They are recorded and you can listen on the link below.  The is the best free financial program that we have ever found.

https://realinvestmentadvice.com/the-lance-roberts-show/videos/

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When we were in the Corporate World, we had experience in dealing with Amazon.  We actually went to their Seattle offices, resulting in quite a contentious discussion.  In dealing with them, you learn they are predatory and they really put the screws to manufacturers.  BERNIE is RIGHT:  READ THIS:

Sen. Bernie Sanders’ criticism of Amazon peaked Wednesday as he and Rep. Ro Khanna, D-Calif., introduced legislation to tax corporations for every dollar that their low-wage workers receive in government health-care benefits or food stamps.
The bill, pointedly called the Stop Bad Employers by Zeroing Out Subsidies, or BEZOS, Act, is aimed at shaming companies like Amazon and Walmart, whose workers rely on public assistance.
For months, Sanders has targeted Amazon, juxtaposing the wealth of CEO Jeff Bezos with reports that Amazon warehouse workers are paid less than industry averages and rely on food stamps.

Bezos is the richest man in the world, with a net worth of more than $168 billion.
“Our legislation gives large, profitable employers a choice: Pay workers a living wage or pay for the public assistance programs their low-wage employees are forced to depend upon,” Sanders said of the proposed law.
For example, if an Amazon worker received $2,000 in food stamps, Amazon would be taxed $2,000 to cover that cost.
Amazon has previously called the Vermont independent’s claims about working conditions in its fulfillment centers “inaccurate and misleading” and a spokesperson declined to further comment on the bill.

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NIKE news:

According to the poll via Axios, Nike’s numbers “dropped 34 points from a net +69 favorable impression (76% favorable, 7% unfavorable) among consumers to a net +35 favorable impression (60% favorable, 24% unfavorable).”
These numbers are nothing short of devastating for Nike, and with no other news worthy of note, there’s no explanation for the sudden decline other than the company’s commitment to Kaepernick.
According to Axios:

While Nike could face negative purchasing consideration as a result of the campaign, experts argue the sports goods giant likely calculated these risks and deemed that it wouldn’t impact its bottom line significantly, despite any short-term pushback.
According to the poll, before Nike announced Kaepernick as the face of its ad campaign, only 2% of Americans reported hearing something negative about Nike recently. That number increased to 33% after the announcement.
The poll also found that purchasing intent was down after the announcement.
Earlier Morning Consult polling shows that brands have relatively little upside in wading into issues that involve President Trump.
Another key finding of the poll was that Nike’s favorability not only didn’t improve among African Americans, it actually declined. This finding is particularly devastating considering it was widely reported that Nike decided to embrace Kaepernick, in part, to increase their already considerable appeal among blacks.
The report features over 8,000 interviews conducted among American adults, including 1,694 interviews pre-campaign launch (8/26/18 – 9/3/18) and 5,481 interviews post-campaign launch (9/4/18 – 9/5/18). Additionally, Morning Consult conducted a study among 1,168 adults in the U.S. about Nike’s ad and the decision to choose Kaepernick as the face of the campaign.

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SELL CLDT

 

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September 7, 2108.  SELLING a Core Portfolio position CLDT.

This has been owned for just under two years.  SELL  The bid right now is $21.14

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TIME TO BAN NIKE. WE MISSED HCXZ

 

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September 6, 2018.  You have probably heard about the NIKE fiasco.  We will go to New Balance for future shoe purchases.

https://www.breitbart.com/sports/2018/09/03/fans-burn-nike-gear-in-response-to-colin-kaepernicks-just-do-it-ad-campaign/

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A few days back, we suggested you look at HCXZ.  We expected the price to come down to our BUY LIMIT order.  The price did in fact come down, to three cents above our buy price!!!!.  If we had been sitting in front of the computer, we would have tried to buy at this higher price.  But we were busy doing other things.

So, it looks like we missed the buy on this one but we will keep the order in place just on the chance that our order will be filled.

We have literally dozens of potential positions that we want to buy, but the interest in dividend paying investments is so strong, that we just cannot seem the get the lower prices that we want.  Everything just keeps going up.  We buy stuff when it is on sale.

Don’t get caught up in the euphoria of paying too much for positions.  It will come back to bite you in the ass.

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Here is another book that you may be interested in.

 

THE INSIDE STORY ON PRESIDENT TRUMP, AS ONLY BOB WOODWARD CAN TELL IT

With authoritative reporting honed through eight presidencies from Nixon to Obama, author Bob Woodward reveals in unprecedented detail the harrowing life inside President Donald Trump’s White House and precisely how he makes decisions on major foreign and domestic policies. Woodward draws from hundreds of hours of interviews with firsthand sources, meeting notes, personal diaries, files and documents. The focus is on the explosive debates and the decision-making in the Oval Office, the Situation Room, Air Force One and the White House residence.

Fear is the most intimate portrait of a sitting president ever published during the president’s first years in office.

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