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RECESSION. OR NOT

October 14, 2019. We follow several financial advisors which have proven their worth over the years. There is now a divergence, with some saying a recession is on the way. Some saying the opposite. Our crystal ball has been broken for ten years and we do not have the answer. We remain very cautious and almost fully invested for now. But you have to remain alert. We are NOT buy and hold investors, and we will be the first to sell if things go bad. http://www.predictit.org is predicting a Trump win next year, which would be good for the markets.

Still waiting for GLADL to start trading, and MAY buy at $25.00 or less.

We are back from the “world’s largest hot air balloon festival” BalloonFiesta in Albaquerque which closed yesterday. This is a fantastic experience and they claim 850,000 visitors during the week. We strongly recommend this event to everyone. If you decide to go, you must buy your tickets before you travel, stay in a hotel close to the venue, and take Uber instead of the bus to the site. (We will eventually load some pix in About)

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BOOKS. We have never read any of Bill O’Reilly books altho he has 15 best sellers. (O’Reilly was #1 in the ratings until FOX fired him) We did pick up his recent tome The United States of Trump. We expected the book to be a rehash of the numerous other books we have read. But you get a different perspective in an easy to read folksy style and IF you are a Trump supporter, you will find it informative. The author talks about how Trump is a fighter and this is why the voters like him.

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 Our host WordPress is running ads in the blog. We receive NO compensation from this advertising.

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NEW ISSUE.

October 9, 2019. Gladstone Capital Corporate has a new baby bond issue and we may buy when it starts trading. GLADL will offer a low 5.375% maturing in 2024. We do not know exactly when it starts trading. Here is the link to their website. https://gladstonecapital.com/

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Ratings of Ultra liberal late night talk shows dropping like a rock. LOL. FULL ARTICLE

But even with the relentless pace of news coming from the White House, day-to-day viewers are not tuning in for comic relief the way they used to.Colbert was down 27%, Kimmel fell 16%, and Fallon, who has historically skewed towards a younger audience than his rivals, dropped 33% compared to last year in the 18 to 49 demo.

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The odds of Hillary Clinton entering the 2020 presidential race and winning the Democratic nomination jumped to third place per PredictIt, as rumors swirl that she’ll be back to take another bite at the apple. 

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CRUISING

October 8 2019. We are cruising along right now, now really anticipating doing much with the Core Portfolio. We have been selling and buying recently and new buy last week, DLRTP is doing fine, up nicely.

Economic numbers are looking lousy and our concerns about a coming recession are growing. The nitwit happy talkers on CNBC and Fox Business want you to feel good as this drives ratings. But you need to stay alert as to what really is going on. Right now we continue holding all positions with a slightly higher cash position.

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The popularity of Trump among likely voters remains at 49%. This is a very good article explaining the continued support despite the Democraps actions..

But through all of this, Trump’s approval rating is at its highest level of the year according to the Hill-HarrisX survey, and the other major polls taken since this Ukraine phone call whistleblower story emerged show few changes from the last surveys taken before the news broke.

How is this possible?

Anyone still asking that question simply hasn’t come to terms with why Donald Trump won the 2016 election in the first place. In short, Trump was elected to be the ultimate disruptor and to play that disruptive role as much as possible. “Drain the swamp” wasn’t just a campaign slogan, but a visceral feeling against establishment Washington in every way. Millions of Americans who voted for Trump and still support him chose him precisely because he is nasty, breaks the rules, and shows little respect for the political establishment at every level.

https://www.cnbc.com/2019/10/04/heres-why-trumps-poll-numbers-are-defying-the-impeachment-mess.html

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Every capitalist society in history has eventually gone socialist, just like we are going now. The underclass eventually takes over due to the greed of the rich. Now that it appears Biden and Sanders are out of the picture, the socialist Warren is the leader. Wow. For us baby boomers it is so SAD to see what is going on.

https://realinvestmentadvice.com/dispelling-the-myths-of-capitalism-the-value-of-prosperity-part-1/

In 1982, according to the Economic Policy Institute, the average CEO earned 50 times the average production worker. Today, the CEO Pay Ratio is 144 times the average worker with most of the gains a result of stock options and awards.

You can understand why it is a political “hot topic” for 2020.

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

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ECONOMY SLOWING

October 3, 2019. Market is now tumbling at 9am Central. We are not selling right now but looking at profitable positions to get rid of. If we get below the 200 DMA look out.

It is becoming increasingly apparent that Biden and Sanders with his health problems will NOT be the Democraps nominee. Wall Street hates ‘free free money for everyone’ Warren and all this means an opening for the gay Mayor from South Bend….Hillary is back and keeps circling around trying to get interest. Bloomberg is also looking at running. But we do have a whole year to go before the election. Watch this interesting YouTube vid on Trump’s chances.

The financial news was apoplectic over Schwab removing trading fees. Here is the back story.

Here is a new book that we will be reading.

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BUYING “NEW” OFFERING

UPDATE: Big selloff today. Core Portfolio down about half a percent vs almost 2% for SPY. Not terribly concerned YET. Not selling anything. In fact looking to possibly buy.

October 2, 2019. We are BUYING a rather large position of DLRTP. We suggest you buy right now before the price goes higher. This is a new offering which we prefer right now, as you can get in at reasonable prices. We are very familiar with Digital Realty and want to own this position. The yield is relatively low. The interest is huge as they have already traded 1.3MILLION shares today.

Digital Realty supports the data center, colocation and interconnection strategies of more than 2,000 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Latin America, Asia and Australia. Digital Realty’s clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare, and consumer products.

Digital Realty Trust, Inc. 5.20% Series L Cumulative Redeemable Preferred Stock
Ticker Symbol: DLRTP     CUSIP: 253868822     Exchange: OTOTC Security Type:   Traditional Preferred Stock

The 5.20% preferred shares were issued on 10/01/2019 and started trading temporarily on the Other OTC market 10/01/2019 under the ticker symbol DLRTP until they start trading on the NYSE. The shares are expected to start trading on the NYSE within 30 days of their issue date under their permanent ticker symbol of DLR-L. For information on securities trading on the Other OTC, see our discussion on this subject on our What Income Investors Should Know page which can be found on our Information menu at the top of any page.
QUANTUMONLINE.COM SECURITY DESCRIPTION:  Digital Realty Trust, Inc. 5.20% Series L Cumulative Redeemable Preferred Stock liquidation preference $25 per share, redeemable at the issuer’s option on or after 10/04/2024 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.20% per annum ($1.30 per annum or $0.325 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, not more than 35 days or less than 10 days prior to the payment date
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SELLING

October 1, 2109. We added to the GAINM position on Friday, as discussed here last week.

The end of the month, and we see a very large number of Core Portfolio dividend payments coming in. 🙂

SELL the Core Portfolio position UTF. This holding is now at sky high levels. It has been rising steadily but we are now getting nervous. With a humongous 75% Total Return, this is one of the best performing positions that we have ever had. Yes it may go higher, but we have learned it is usually smart to take your profits.

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We have read Matt Taibbi in Rolling Stone and other publications for decades. Altho he is one of those radical liberals, he is so smart that we were always interested in what he was preaching. His new book is so interesting and funny that we recommend you read it.

More and more people here in Illinois are leaving the potentially bankrupt state. The socialist liberals keep raising the taxes and people are just fed up. (The median salary for nearly 18,000 teachers employed by CPS as of June was $78,169, according to an analysis of CPS data.) Well, the situation is the same in California.

Pasted below is part of the article: link here:

https://www.zerohedge.com/personal-finance/its-time-go-over-half-all-california-voters-have-considered-leaving-state

Yes, there are some California residents that continue to insist that it is a great place to live.

But if California is so wonderful, why have more than half of all California voters “considered leaving the state”?  The following comes from the Los Angeles Times

Just over half of California’s registered voters have considered leaving the state, with soaring housing costs cited as the most common reason for wanting to move, according to a new poll.

Young voters were especially likely to cite unaffordable housing as a reason for leaving, according to the latest latest UC Berkeley Institute of Governmental Studies poll conducted for the Los Angeles Times. But a different group, conservatives, also frequently suggested they wanted to leave — and for a very different reason: They feel alienated from the state’s political culture.

With the way the state is being run, conservatives have been moving out of California in large numbers for years.  In fact, I have a number of really good friends that left the state for political reasons and will never return.

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BUYING MORE. AND POSSIBLE NEW BUY. WALL STREET TELLS WARREN TO GET LOST

Sept 27, 2019. We are trying to add to GAINM Gladstone by approx. 50%. Pays a reasonable 6%. Placed a BUY LIMIT order at $25.36.

AGNC Properties is offering a NEW preferred and this is a possible buy. Right now, it makes sense to buy new issues at entry prices, as most everything is way over priced. We need more study, but may be buying AGNCO at 6.50%

We continue watching another Core Portfolio position for a sell, probably next week.

https://seekingalpha.com/article/4293845-healthy-9-percent-yield-gladstone-capital-another-overlooked-bdc

btw the Downton Abbey movie is really good. Don’t miss this one.

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As we told you, Biden is done. He has run b4 and never got anywhere.

The polls are showing Warren is leading. Now Wall Street is telling the Democraps that they will NOT support her. https://www.cnbc.com/2019/09/26/wall-street-democratic-donors-may-back-trump-if-warren-is-nominated.html

Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle — or even back President Donald Trump — if Sen. Elizabeth Warren wins the party’s nomination.

In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden in the 2020 race.

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

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