June 12, 2019. We are up to our knees in Presidential campaign bullshit already. Now sleepy Biden, who looks like death warmed over, is promising he will cure cancer!!!!. In addition, he keeps flip-flopping on his previous positions desperately trying to get into the “right-side” of current Democratic thinking.
The bat shit crazy liberal Presidential candidates are promising everything under the sun in hopes of getting elected. The sad aspect is that a huge number of voters will believe this crap.….and all of this is a year and a half BEFORE election day.
Bottom line: We need to limit the time span of elections. The Presidential candidates can start campaigning SIX MONTHS before the election. After the election, leave US ALONE FOR THE NEXT THREE AND HALF YEARS.
We are off to a West Coast financial conference on Friday. The subject is ‘income’ and hopefully we can come out with several good new investments for the Core Portfolio. Normally we would not spend a substantial amount of money to attend this sort of schmooze-fest, but we “know” one of the featured speakers thru email/phone.
NYMTO is a preferred stock from New York Mortgage Trust. This is a “play’ on interest rates: declining rates are good for NYMTO. The current yield is a nice 7.9%. We suggest placing a Limit Order around $24.90 and just WAIT to see if it fills.…we would NOT pay more.
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New York Mortgage Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York