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BUY IRON MOUNTAIN BOND RIGHT NOW.

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

June 18, 2018.  So far in 2018 we have been trying to reduce the number of holdings in the Core Portfolio.  There are just too many to monitor, and we have missed, no surprise, some opportunities.  We have a life outside of this blog and do not spend 8 hours working the portfolio.  And we do not earn any money for our blog efforts, altho we never intended to.

Recently we have been selling low paying corporate bonds with the intention of buying new positions in the higher 6% range.  But due to the strength of the markets, there are few if any bargains.

We tried to get HCAPZ but the damn thing shot up in price very quickly for some reason.  And current positions are very strong so we are not seeing pullbacks which would give us the opportunity to buy at better prices.  Trump is a narcissist, but he really has Companies enthused and stocks keep heading higher with bonds strong…..as the fake news press keeps spewing hate speech.  It is truly amazing to us that the ultra radical liberals can be so fucking stupid.

Maintain Limit Buy on HCAPZ at $25.40 in case we get lucky and the price comes back.

BUYING Iron Mountain Corporate Bond.  CUSIP:  46284PAP9 Mature August 2024.  5.7%.  Read article here:

ARTICLE

Maintain Limit Buy on ECCY at $25.21 hoping for a lower price.

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We added a new picture in ABOUT.

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Who would have ever dreamed that Fox Financial Network would beat CNBC in the ratings.

Fox Business Network Dominates CNBC In Business Day Viewers For 16th Consecutive Week
June 5, 2018 12:54 pm by VW Staff

“Lou Dobbs Tonight” and “Varney & Co” Continue as Top Rated Programs in Business News
FOX Business Network (FBN) continued its winning streak over CNBC, topping the network in Business Day and Market Hours viewers during the heavily dominated financial news week of May 28th –June 1st, according to Nielsen Media Research. Following market swings and the release of the May jobs report, FBN’s Business Day coverage saw a 17 percent advantage over rival CNBC with 169,000 total viewers compared to CNBC’s 144,000 for the week. FBN also overtook CNBC in the crucial Market Hours daypart (9:30AM-4PM), delivering 172,000 viewers compared to CNBC’s 144,000.

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We have not mentioned http://www.refdesk.com in a long time, so here we go.

If you want to find virtually anything on the internet (except for porn) this is the site for you.  Links to newspapers, magazines, and weather/sports channels are just the start.  There are hundreds of links to dictionaries, encyclopedias, game sites, government stats, you name it, it’s here.

http://www.HowStuffWorks.com is always a favorite.  The home page has numerous sub-categories including money, auto, science and health.

This is one of those sites that has been on our ‘favorites’ list since the dawn of the internet.  Try it, you will like it. 

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BUYING

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

June 14, 2018,  We added to BSL position at $17.85

Still trying to buy HCAPZ at $25.40

Trying to add to ECCY position at $25.21.  Went ex-dividend today.

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A stunning story in…..no less…. than the New York Times.

Republicans in Primaries Absorb Lesson: Cross Trump at Their Peril

WASHINGTON — President Trump wasn’t on the ballot or even stateside for Tuesday’s primary elections in Virginia and South Carolina. But he loomed over both states, just as he has in nearly every nominating contest this year, underscoring how the Republican Party has become the party of Trump and that its politicians cross him at their peril.

FULL ARTICLE

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HOORAY!!!!!  Don’t forget to boycott and avoid the companies that continue to advertise on these trash programs. 

Advertisers continue to abandon Samantha Bee’s TBS talk show Full Frontal weeks after she stirred controversy by calling President Donald Trump’s daughter Ivanka as a “feckless cunt.”
According to a report from NewsBusters, just six non-TBS advertisers appeared on this week’s episode of Full Frontal for the second week in a row, with companies including PlayStation 4, TripAdvisor, and Wendy’s continuing to advertise on the show.

FULL ARTICLE

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SOLD SUNOCO

June 13, 2018.  We sold the Sunoco Corporate Bond due to low yield. 

HCAPZ, mentioned yesterday, popped up in price and it is too expensive for us.  We are maintaining the Limit Order in case the price drops.

Here are some buy prices for other positions that you can buy…..WAIT until tomorrow after they go ex-dividend.

ECCY $25,10.  Pays 6.6%.  Goes ex-dividend June 14.

KCAPL $25.10.  Pays 6%.  

MIC.  Has been a disaster and we decided to hold on to this loser.  We consider MIC…. ON SALE and if you want to take a little risk, buy this one while the price is dirt cheap.  It is finally starting to turn around and the momentum is up.  Price is $41.52.  Pays 9.6%.  Can be purchased now.

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Fed Court screws you again.

Among all the financial reforms launched during the Obama administration, the fiduciary rule may have been the most important to ordinary investors. Issued by the Department of Labor in 2016, the rule required brokers working with retirement accounts to put clients’ interests ahead of their own—for example, by recommending an annuity that was better for the client rather than one from a company that paid the broker a bigger commission. The regulation was hailed as an historic win by consumer advocates, and the financial-services industry began remaking many of its products and pay structures to comply.

Now the regulation is all but dead. In March a federal appeals court struck it down, and the Trump administration has not appealed the ruling. Where does that leave retirement investors? The outlook is anything but clear.

ARTICLE

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SELLING MORE BONDS. BUY HCAPZ.

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

June 12, 2018.  We sold the low yield Wells Fargo Corporate Bond.  The total return is positive:  the price has declined but we have received numerous dividends.

We also sold the low yield Walgreens Corporate Bond.  The total return is very nice:  the price was up from what we paid and we have received the dividends.

The Companies are solid and if you are happy with the yield, keep them and hold to maturity.  But we are looking for higher yield positions. 

We are placing a $25.40 BUY LIMIT order for HCAPZ which is a Business Development Company.  The ask is $25.58 so this order will not fill quickly:  simply wait and watch on this one.  The bonds mature in September of 2022 and trade on the stock exchange just like a stock.

The price has been extremely stable and is currently paying over 6%.  

 QUANTUMONLINE.COM SECURITY DESCRIPTION: Harvest Capital Credit Corp., 6.125% Notes due 2022, issued in $25 denominations, redeemable at the issuer’s option on or after 9/15/2019 at $25 per note plus accrued and unpaid interest, and maturing 9/15/2022. Interest distributions of 6.125% per annum ($1.53125 per annum or $0.382813 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. 

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SELLING MOTOROLA SOLUTIONS CORP BOND

June 11, 2018.  As mentioned before, we are selling low-paying bonds in the 3-4% range….and will be buying higher paying positions.

We sold Motorola Solutions which gave us a nice total return:  price appreciation plus dividend payments.  (the coupon is 3.75%)

If you are happy with the yield of this bond, there is no need to sell it.  Just keep it until maturity.  We are still looking at additional bonds to sell, and positions to buy.

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CORRUPTION in Hill’s Campaign.  There is proof of crimes all over the place including the FBI and Justice Dept.  But you never hear about it on the fake main-stream press.

A new lawsuit alleges that just shy of 40 state-level Democratic chapters funneled roughly $84 million to Hillary Clinton’s 2016 presidential campaign.

FULL ARTICLE

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SELLING TAILORED BRANDS CORPORATE BOND.

June 8, 2018,  We bought a Tailored Brands Corporate Bond in Feb 2017.  This was a distressed junky high risk bond.  Well, the bonds did go up, and in addition we have been receiving the dividends.  Essentially this was a ‘trade’.

Altho the Company is doing ok, we do not want to hold on.  When you have profits, it is time to take them and get out of Dodge….as they say in the Westerns.  Speaking of which, there is a wonderful, wonderful western series on Netflix called Longmire.  Check it out.

SELL Tailored Brands.

Also, we have several low interest, low paying corporate bonds that we are still reviewing to sell.  We want to get rid of these and start buying some higher paying positions.

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Is Trump winning again?

For all of Europe’s bluster, and increasingly vocal “resistance” to Trump unique approach to international politics, especially when it comes to Iran when Brussels swore it would defy the US president and continue business as usual with Tehran, it took Europe about a month to fold, and as Reuters reports European refiners are now unofficially winding down oil purchases from Iran, closing the door on a fifth of the OPEC member’s crude exports.

And since the only true leverage that Iran had vis-a-vis Europe was its deeply discounted crude oil, the shuttering of crude purchases from the Islamic republic will suddenly make European governments especially ambivalent whether to continue fighting Trump in hopes of salvaging the Iranian nuclear, when there is only downside left.

ARTICLE

Medicare’s trust fund has just eight more years of solvency until 2026, and Social Security will be exhausted in 2034, according to Thursday projections by the trustees for the government programs.
While Social Security’s expected depletion is unchanged from last year’s projection, the date for Medicare’s demise was moved up three years.

ARTICLE

Almost seven-in-ten Americans (68%) feel worn out by the amount of news there is these days, compared with only three-in-ten who say they like the amount of news they get. The portion expressing feelings of information overload is in line with how Americans felt during the 2016 presidential election, when a majority expressed feelings of exhaustion from election coverage.

ARTICLE

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UTF CONTINUES AS A HOLD. RATES.

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

June 5, 2018.  UTF is in the Core Portfolio and pays almost 8%   

We saw a very positive article in seekingalpha.com today which talks about this holding.  We bought at a lower price and would NOT be buying at this point as it has already increased 5% in price.  HOLD.

UTF is a solid CEF which trades at a discount to NAV while paying a high and growing dividend yield of 8.5%. With infrastructure stocks set to see a boom from an increase in infrastructure spending, investors buying into UTF may see strong capital appreciation in addition to highly attractive monthly distributions.

FULL ARTICLE

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As we have noted here on numerous occasions, we do NOT expect interest rates to continue much higher, despite all the hysterical stories in the financial media.  We follow several financial ‘gurus’ and they are all telling us to expect rates to remain relatively low.

Interest rates are set to remain low: While the Federal Reserve is set to increase rates by another 0.25% this month, Fed officials have signaled that going forward they will tolerate a slightly higher inflation rate. The reason for this move is that the Fed is worried that a flattening yield curve and rising Treasury bond yields may derail economic growth, and rightly so. The current economic growth is fragile due to the negative effect of demographics coming from an aging global population and due to political and economic risks coming from Europe. Therefore, I expect future interest rate hikes to be more muted than what the Fed has previously forecasted earlier. This isn’t surprising, because the Fed has a history of overestimating how much it will raise rates. If you recall back in 2016, the Fed said that they would raise rates 4 times, but they were able to only implement one rate hike that year. The most important point to note here is that the Fed will continue to be cautious and maintain a dovish policy. With less interest rate hikes on the horizon, investors’ appetite for high-yield stocks should rise and translate into higher prices. About the rate hike in June, the market is expecting it, so it’s already baked into the prices of equities.

FULL ARTICLE

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United Way has done a study on a group of Americans they call ALICE: Asset Limited, Income Constrained, Employed. The study found that this group does not make the money needed “to survive in the modern economy.” Between families living below the poverty line due to unemployment or disability, and ALICE, the study discovered that 43% of Americans were struggling to cover basic necessities like rent and food.
But even for those who are making ends meet, they aren’t saving either. Northwestern Mutual’s 2018 Planning & Progress Study, which surveyed 2,003 adults, found that 21% of Americans have nothing saved at all for their golden years, and a third of Americans have less than $5,000. To put that into perspective, it means that 31% of U.S. adults could last only a few months on their savings if they had to retire tomorrow

Go here for full article.

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