Leave a comment

IRM. BROKERAGE WINDOW.

August 19, 2019. We are in negative territory with our recent purchase of IRM Iron Mountain, even when the one dividend payment is added in. The technical indicators indicate growing momentum and IRM is still a buy. Here is a link to an article discussing IRM:

While Iron Mountain (IRM) is known for its core box storage business, the company has evolved into a much more diversified business model that includes shredding, digitization, and data centers.

In early July 2019 we published a note for marketplace members (iREIT on Alpha) explaining that “we estimate that IRM’s NAV is around $40.00 per share and there is a significant margin of safety that exists for the share price and the price that the market is assigning, with very little value to the brand equity of the enterprise.”

It seems that Mr. Market is also assigning a much lower value to Iron Mountain, and while I recognize that the balance sheet is no where close that of Simon or Tanger, I am cognizant of the fact that Iron Mountain has a highly diversified revenue stream with 230,000 customers in 45 countries on six continents. Arguably, this makes IRM one of the most diversified REITs in the world!

__________

What the hell is a brokerage window you ask. As a simple explanation, it allows you to control your 401K monies. If your company offers a 401K plan and ‘matches’ your contributions, you should definitely participate in your companys’ plan.

The frustrations with these plans is the very limited investment choices, typically offering a few lousy ‘high fees’ mutual funds. Terrible. Going back to the late 70s thru our retirement we were always frustrated with the limited fund selections.

A better choice is to manage the monies yourself, or better yet thru a Registered Investment Advisor: NOT your local bank or a stock broker who only wants to collect commisions. We have listed several financial advisors, under the “About-Links” tab, which we have followed for years. SeekingAlpha.com also offers numerous financial subscription newsletters.

https://www.investopedia.com/terms/b/brokerage_window.asp

__________

NOW IN OUR 7TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About

Image result for ultra liberal new york times

The ultra liberal New York times will now push racism to defeat Trump. It is so amazing to see how the press has become so biased.

Conservatives latched on to Baquet’s comments, suggesting the Times was deliberately trying to cast Trump as a racist in a pre-ordained storyline now that the Russia investigation was wrapped up.

“The takeaway? The NYT says it is mapping out a narrative in advance of any naturally-occurring, true news events, and plans to shape all natural-occurring, true news events so that they are reported in the context of racism. This is what they believe their readers want,” tweeted “Full Measure” host Sharyl Attkisson, whose program runs on the conservative Sinclair television stations.

Trump retweeted Attkisson Saturday adding, “such a disgrace.” –NY Post

https://www.zerohedge.com/news/2019-08-18/trump-slams-nyt-after-leaker-reveals-pivot-russiagate-racism-witch-hunt

Advertisements
Leave a comment

SELL AND BUY

Related image

August 16,2019. Sold PBY. We finally got the price we wanted at 25.93 and took very large profits on PBY.

CIM. Purchased a small position in CIM yesterday per the post.

The Core Portfolio is down less than HALF of ONE percent this week so we are not crying in our soup….yet. We suggest you continue holding positions and expect market volatility going forward.

Leave a comment

CIM: 10% YIELD

August 15, 2019. Whew. Yesterday was tough. But the Core Portfolio did not drop nearly as much as SPY, which is what we would have expected. The good news is that we received a ‘bunch’ of dividend payments overnight which is what this blog is all about. Income.

Yes we DO expect a recession next year, based on what we are seeing. But we will worry about that in the coming months.

Here is a video you should watch.

VIDEO

__________

We started watching CIM Chimera a few weeks ago at $19.47. It spiked up to $19.88 at which point we lost interest.

So today we see CIM back down at $19.43 paying a huge 10.3% yield. We saw one article on SeekingAlpha.com which is linked here which will give you a detailed discussion about the Company. Essentially, CIM is in the residential and commercial mortgage markets.

We are placing a BUY LIMIT ORDER GOOD TILL CANCEL at $19.43 for a small starter position.

ARTICLE

Chimera is not immune to volatile rates. The net interest rate spread, core income, and book values continue to hold up very well over the year. What is more, the company is significantly covering its dividend. However, a near $3 premium-to-book is just too expensive. As such, investors and traders should wait for the name to dip further, and we believe that dip has begun. To be clear, we love Chimera. It is in our income portfolio and is one our traders love to swing. It is a shining example of a strong mREIT, even though it is not immune to volatility in rates. For those who do buy here, even if shares are stagnant for years on average, it only takes a few years to make your entire investment back in dividends.

Leave a comment

BUYING

Wednesday NOON Central Time. So far our portfolio is down .86% vs 2.69% vs SPY

We are placing a BUY LIMIT order for PTY at $17.43: you can increase the price you pay if necessary by 5-10 cents, which would be a new position. You should also be adding to PCI which is in the Core Portfolio.

PIMCO Corporate & Income Opportunity Fund
Ticker Symbol: PTY     CUSIP: 72201B101     Exchange: NYSE Security Type:   Closed-End ETF  —  ETF SubType:   Corporate Debt Securities Income Fund
Company’s Online Profile

FUND DESCRIPTION:  PIMCO Corporate & Income Opportunity Fund, formerly PIMCO Corporate Opportunity Fund, is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The PIMCO Corporate & Income Opportunity Fund seeks total return through a combination of current income and capital appreciation. FUND STRATEGY: The Fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States Government securities, municipal securities and mortgage-backed and other asset-backed securities issued on a public or private basis. FUND MANAGEMENT: Allianz Global Investors Fund Management LLC serves as the Fund’s investment manager, and the sub-adviser is Pacific Investment Management Company LLC (PIMCO).
Leave a comment

TIME TO PANIC? NOT YET

Wednesday August 14, 2019. “BIG NEWS” MARKETS DOWN TODAY………….

Two critical issues: Trump has basically lost the trade war with China, as he as delayed tariffs until December. Markets reacting negatively.

Second, we are seeing an inverted yield curve today. This typically predicts a recession, BUT that will not happen until the yield curve UN-inverts. That could be one to two years down the road. A link to the full article is below.

Finally: you should be diverting stocks INTO fixed income. At least 50% in preferreds and baby bonds is probably a good idea. The problem now is that most of these positions have appreciated to the point that it is difficult to find bargains. Go to this link for Core Portfolio:

https://luvthosedividends.com/investments/

(We did NOT get the price we wanted for PBY (that we talked about yesterday) but we may sell today on lower prices, depending on how it moves.)

Investors are now demanding higher interest rates on short-term debt than they are longer term debt, a phenomena known as an “inverted yield curve.” Economists often give the spread between the 10-year and the 2-year special attention because inversions of that part of the curve have preceded every recession over the past 50 years.

While the inversion is cause for concern, there is often a significant lag before a recession hits and an economic downturn ensues.

Data from Credit Suisse going back to 1978 shows:

NOW IN OUR 7TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About

Leave a comment

TAKING PROFITS

August 13, 2019. We have sold the following:

TANNL. Just isn’t doing much. We have a tiny gain. Time to move on and buy something better.

PBY. We purchased PBY at a deep discount in March and it spiked up to $25.93. A sell limit order is in for $25.93 which if filled is a profit of 7.1% in only a few months. It is our style to sell when we have huge gains. There is nothing inherently wrong with PBY and if it should drop dramatically, for some reason, we may buy again.

KCAPL. KCAPL was purchased in August 2017. With dividends we have a nice 9.5% gain. (NEWTL was bought recently which replaced KCAPL——–it is already up 1 percent.)

NOW IN OUR 7TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About

Leave a comment

HCXZ FILLED

August 12, 2019. We got filled on the HCXZ order Friday: you had to act fast to get this one as the price temporarily dropped. We wanted to buy CIM but it spiked up and left us in the dust. Now looking to BUY BIZD and maybe FFC.

In addition to BIZD and FFC, we are concentrating on those new issues coming to market. Most positions in our Core Portfolio are over valued in our opinion, and the only chance to ADD/BUY MORE is when we see an unexpected price drop, as we did in NCXZ. And even then you have to ACT FAST b4 the price heads back up. As mentioned on numerous occasions, we want to reduce the huge number of positions in the Core Portfolio, but we are failing miserably in this regard.

Shocking numbers: 94% of tax revenues are used to pay U.S. debt, Social Security and Welfare!!! This is like take 94% of YOUR income to pay for your credit card INTEREST ONLY, (not the principle)

__________

MOVIES. The Art of Racing. Primarily a flick about a race driver with a dog thrown in as a side character. Rather boring. PASS

__________

We have not been paying much attention to old, old Joe (Biden)…..This broken down hack is already 76 years old and really looks it. Evidently he wants to open the flood gates on the Mexico/US border. Wow…..read more below.

Former Vice President and leading 2020 Democrat presidential candidate Joe Biden is vowing to greatly increase the number of legal immigrants admitted to the United States every year.

In a speech to the Asian and Latino Coalition PAC, Biden promised to increase the level of legal immigration to the country beyond the roughly 1.2 million legal immigrants that are admitted every year, booming the foreign-born population to an unprecedented 45 million — a 108-year record high.

Specifically, Biden said the U.S. can “in a heartbeat” import another two million immigrants today.

NOW IN OUR 7TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About

__________

We know that Amazon, Google, YouTube and Facebook are the biggest “most used” webs sites. But did you know that Porn sites represent THREE of the top ten sites……..well maybe we are not surprised. Go Here for the entire listing. How the world changes: growing up in a small rural town (with 4 TV channels), we didn’t even see a Playboy until we got to college.!!!!!

%d bloggers like this: