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BLOW OUT JOBS REPORT

December 6, 2109. There is growing evidence that the impeachment travesty is really going to hurt the DemoRats in the upcoming election. We shall see.

The jobs report was just released and is very strong. With dividend investing there is no need for frequent trading. And we are NOT doing anything right now. Continue to hold all positions in the Core Portfolio altho we ARE looking at some potential BUYS.

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Another new ‘conservative’ news site:

“aggregator: The Bongino Report. Readers can expect fifty of the best conservative stories of the day, seven days a week,”

www.bonjinoreport.com

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People do not support impeachment but the old witch Pelosi is now asking for the vote for impeachment.

Surveys taken in Arizona, Florida, Michigan, Pennsylvania, Nevada, New Hampshire, North Carolina and Wisconsin show an average of 51 percent opposing impeachment and 44 percent supporting it, according to a Tuesday Washington Post story.

In addition to those swing state numbers, polls taken during the first round of impeachment inquiry hearings showed a dramatic drop in support for impeachment among a core voting bloc for both major parties: independent voters.

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We own ECC and it is DOWN….currently paying 16%. Here is an article talking about ECC.

Based on what I know and have outlined here, I plan to maintain my position in ECC.

https://seekingalpha.com/article/4310432-eagle-point-credit-turns-5-party-on-perhaps-caution

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Poor old hypocrit Bloomberg is so clueless. FULL ARTICLE HERE

Self-Declared Climate Change ‘Global Leader’ Mike Bloomberg Enjoys His Own Fleet of Private Jets, Helicopters

Inside Sources described in January how Bloomberg’s private jet likely “generates an estimated 37 times more carbon emissions than the same trip on a commercial flight.” As for Bloomberg’s $7 million AgustaWestland AW109, the helicopter “burns a jaw-dropping 72 gallons of fuel every hour,” according to the report.

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Gundlach the ‘bond king’ is one of the smartest financial people out there. Here is an excellent video.

NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, 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 and we receive NO compensation from this advertising.

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TURMOIL BUT NO CHANGES

December 4, 2019. Keep in mind that mutual funds make distributions in December which negatively affect stocks….and the trade wars are now scaring the markets. But you typically see the Santa Claus rally at the end of December.

The Core Portfolio was relatively flat yesterday during the big decline. We are making no changes and continue to hold the Core Portfolio.

What a disaster. The criminal Hillary was finally on Sirius Howard Stern after years of avoiding him. She could barely make it through the interview because of incessant coughing. Poor thing. Please just go away.

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We have been Burger King and Whopper fans forever. With the huge popularity of the fake meats, we had been planning on trying their new Impossible Whopper. Last week we finally had the chance to try it. Compared to the original real meat Whopper, the Impossible burger is really a disappointment. In fact it is gross and worse has no flavor. Wow, how can people really say that this stuff is any good. Our recommendation: stay away.

To be clear, we hope the slaughter of cattle stops both for humanitarian and environmental reasons. But they will have to produce a better fake meat product to get our support.

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BUY CODIPRC

Update: Mutual funds distribute gains in December and this typically causes stock market declines. We also have China trade issues which are affecting the markets. We will watch for lower prices and BUYING opportunities.

Dec 2, 2019. We tried to get CODIPRC on Friday. The damn thing closed exactly ONE PENNY above our buy price. Really discouraging. Today we are buying CODIPRC at $25.14

Netflix has finally released the much anticipated Irishman. We did not know that this film was really the Jimmy Hoffa story…..only us old folks will remember Hoffa. Anyway, the movie is long and interesting but certainly does not live up to the hyped up reviews that are out there. The big news is really the software magic used to make the stars look younger and it works well. And how can you go wrong with DeNiro, Pacino and Pesci.

The Irishman

TRUMP BOOK We enjoy listening to Don Trump Jr on the radio and TV. But we did not know he had such a good sense of humor. Most of these political books are kinda boring, but you will find yourself laughing at some of Don Jr’s comments. This is a good very easy to read book……that is if you don’t hate the Trumps.

We own IRM Iron Mountain in the Core Portfolio, now paying a nice 7.7%. Linked below is an article describing IRM: it is ok right now to BUY IRM if you do not already own it. This would be a long term holding.

Despite recent appreciation in stock price, IRM remains a compelling value play in the specialty REIT space. The steep valuation gap between IRM and traditional and non-traditional REITs should gradually narrow as the company continues to deliver strong operating performance through stable growth in its core RIM business and accelerating performance in its growth portfolio, particularly data centers.

LINK

NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, 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 and we receive NO compensation from this advertising.

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BUYING-but be diligent

November 29, 2019. The continued rise of the financial markets is really something to behold. It would appear there is no ceiling and CNBC and Fox Business are orgasmic over new highs.

At an age where we have lived thru booms and busts, we can tell you this WILL end…….younger readers take note! Probably not next week or next month or even next year. We are simply saying that you must be diligent and on the alert: there is absolutely nothing worse or more depressing to work at building your wealth and then to see it slide away down the drain. So for now we continue holding the Core Portfolio and in fact are buying again today.

Image result for diligent in stock markets and investing

We owned Compass Diversified Holdings CODI many many years ago and we are somewhat familiar with how they operate. It is a publicly-traded “private equity” firm that acquires and operates middle-market businesses in North America. CODI is highly respected and we are looking at their new preferred issue. BUY CODI-C (CODIPRC at Fidelity) a fixed rate preferred at 7.87%. We are placing a BUY LIMIT order at $25.15 and we will probably have to adjust the price to get filled. (UpDATE: Price spiked up Friday morning and we are NOT buying.)

(Their stock price has spiked higher and so we are NOT interested in the equity side.)

GO HERE FOR DETAILED DESCRIPTION

Compass Diversified Holdings, 7.875% Series C Cumulative Preferred Shares
Ticker Symbol: CODI-C     CUSIP: 20451Q401     Exchange: NYSESecurity Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Compass Diversified Holdings, 7.875% Series C Cumulative Preferred Shares, liquidation preference $25 per share, redeemable at the issuer’s option on or after 1/30/2025 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.875% per annum ($1.96875 per annum or $0.4921875 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record dates that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date).
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We bought DLRPRL at $24.99 and it is now 50 cents higher. Linked HERE is a very good article talking about Digital Realty. It is too late to buy the preferred, but always good to see positive articles on our holdings.

NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, 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 and we receive NO compensation from this advertising.

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SELL LTSL

November 20, 2019. We are getting crucified on LTSL. We are learning over the last 24 hours that this investment is much worse than we had understood. As tough as it is, we are taking the loss. We plan on selling LTSL today.

We recently added GBDC to the Core Portfolio. Today SeekingAlpha.com published an article discussing this and other BDCs.

GO TO ARTICLE

GBDC is a “safer” lower-yield BDC for many reasons, including strong covenant protections, over 90% of the portfolio in senior secured and one stop “bank quality” loans, and one of the lowest stated portfolio yields in the industry (typically indicating higher credit quality). GBDC’s continued focus on “quality over quantity” has resulted in lower portfolio growth and/or a reduced portfolio yield, but dividend coverage has remained stable due to the investor-friendly incentive fee structure.

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Wowza: Mayor Pete now ahead in NH. Who woulda thot. Voters don’t like big spenders Warren and Sanders.

The Saint Anselm College Survey Center poll of 255 likely Democratic primary voters shows that Buttigieg, supported by 25 percent, now holds a 10 percentage point lead over former Vice President Joe Biden and Massachusetts Sen. Elizabeth Warren, who are tied for second at 15 percent. Buttigieg is substantially ahead of Vermont Sen. Bernie Sanders, who is in fourth place at 9 percent.


Despite all the scrutiny, the ultra liberals at Google continue altering search results.

Google’s evolving approach marks a shift from its founding philosophy of “organizing the world’s information,” to one that is far more active in deciding how that information should appear.

More than 100 interviews and the Journal’s own testing of Google’s search results reveal:

  • Google made algorithmic changes to its search results that favor big businesses over smaller ones, and in at least one case made changes on behalf of a major advertiser, eBayInc., contrary to its public position that it never takes that type of action. The company also boosts some major websites, such as Amazon.com Inc. and Facebook Inc., according to people familiar with the matter.
  • Google engineers regularly make behind-the-scenes adjustments to other information the company is increasingly layering on top of its basic search results. These features include auto-complete suggestions, boxes called “knowledge panels” and “featured snippets,” and news results, which aren’t subject to the same company policies limiting what engineers can remove or change.
  • Despite publicly denying doing so, Google keeps blacklists to remove certain sites or prevent others from surfacing in certain types of results. These moves are separate from those that block sites as required by U.S. or foreign law, such as those featuring child abuse or with copyright infringement, and from changes designed to demote spam sites, which attempt to game the system to appear higher in results.
  • In auto-complete, the feature that predicts search terms as the user types a query, Google’s engineers have created algorithms and blacklists to weed out more-incendiary suggestions for controversial subjects, such as abortion or immigration, in effect filtering out inflammatory results on high-profile topics.
  • Google employees and executives, including co-founders Larry Page and Sergey Brin, have disagreed on how much to intervene on search results and to what extent. Employees can push for revisions in specific search results, including on topics such as vaccinations and autism.
  • To evaluate its search results, Google employs thousands of low-paid contractors whose purpose the company says is to assess the quality of the algorithms’ rankings. Even so, contractors said Google gave feedback to these workers to convey what it considered to be the correct ranking of results, and they revised their assessments accordingly, according to contractors interviewed by the Journal. The contractors’ collective evaluations are then used to adjust algorithms.
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8 YEARS

November 18, 2019. Time flies when you are having fun. It is hard to believe that we started this blog seven years ago. Yes we are entering the 8th year. Due to time constraints there have been thoughts about stopping this time consuming project….you wouldn’t believe it but this thing takes a lot of time. But for now we forge onward.

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LTSL. Major Pain. This position in the Core Portfolio is absolutely CRATERING. Prices have now reached the level where it would be ludicrous to sell at huge losses. As we mentioned last week. just hold on. There is no reason to sell LTSL. It may take several years to recover but we will hold for the 7% dividends.

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MOVIES. Ford vs Ferrari. You have a movie about car racing with two huge movie stars. How can you go wrong!! Hollywood is producing so many really crappy movies that it is really exciting that they have finally produced an old-fashioned thriller. Go see this.

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TRUMP REALLY PUSHES BACK.

Then went on to suggest he will “strongly consider” testifying…

“[Pelosi] suggested on Sunday’s DEFACE THE NATION that I testify about the phony Impeachment Witch Hunt. She also said I could do it in writing. Even though I did nothing wrong, and don’t like giving credibility to this No Due Process Hoax, I like the idea & will, in order to get Congress focused again, strongly consider it!

NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, 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 and we receive NO compensation from this advertising.

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SELL UNIT BOND

November 14, 2019. News on UNIT Corporate Bond held in the Core Portfolio CUSIP 909218AB5 : It is reported that UNT the parent Company be offering around $700 per bond, probably tomorrow. This bond has been collapsing. We ARE selling the bonds as soon as we get information on the offer. Altho we never want to take losses, the received dividends will help alleviate the pain. (update: we decided to keep this bond)

News on LTSL which is in the Core Portfolio: Due to a merger, LTSL will no longer be publicly traded. The bond is collapsing, now at $22.95. The bonds will continue with the same interest and maturity. Do NOT sell. HOLD.

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Johnny Carson hosting The Tonight Show used to average 8-9 million viewers. Today, the ultra liberal whack job talk show hosts can barely make 3 million. The Tonight Show is at a sickly 1.7 million. Gee, do you suppose people are sick of their hate speech?

https://www.cnn.com/2019/10/04/media/late-night-ratings/index.html

CBS’ “The Late Show” won premiere week over the competition, averaging 2.9 million viewers for the last week in September. “Jimmy Kimmel Live!” came in second at 1.8 million and “The Tonight Show” took third with 1.7 million.

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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NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, 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 and we receive NO compensation from this advertising.

Total household debt in the United States, including mortgages, auto loans, credit card and student debt, climbed to $13.95 trillion in the third quarter of 2019, eclipsing the debt level at the height of the Great Recession in Q3 2008 by $1.28 trillion in nominal terms.

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