Leave a comment

WATCH FOR WHFBZ

November 16, 2018.  Remember that we are still watching for WHFBZ to start trading.  You should plan on buying this as soon as it becomes available….exact date is unknown.

_____

MIC is a holding in the Core Portfolio collapsed earlier this year.  We decided to keep it and so far have been relatively disappointed….altho they have been paying dividends.  But one of the leading writers on Seekingalpha.com has written a very positive article on MIC.  (The current yield is 10.6%)  If you hold this, you should read this article.  (If you do NOT own, and want to take some risk, this is a buy.)

https://seekingalpha.com/article/4222824-10_7-percent-yielder-may-never-cheap?app=1&isDirectRoadblock=false

_____

Image result for very cold cartoons shoveling snow

It has been very cold her in Chicago____unusually cold.  The snow yesterday required us to dig out the shovels.  Here is an article that explains what is going on.

http://theeconomiccollapseblog.com/archives/november-snow-in-texas-experts-warn-decreased-solar-activity-will-shatter-all-global-climate-models

 

Advertisements
Leave a comment

FINALLY.

November 14, 2018.  We bought HYHG after trying to get this for months.  You should be able to get filled at $66.29.  There is little doubt that interest rates will continue higher next year and this hedged fund will help us fight the increase.  Pays almost 6%.  

ProShares High Yield—Interest Rate Hedged ETF
ProShares High Yield—Interest Rate Hedged ETF (HYHG) is a high yield corporate bond ETF with a built-in hedge that targets a duration of zero to eliminate interest rate risk. Many investors use high yield bonds as part of their fixed income portfolios. High yield bonds typically offer better return potential than Treasurys or investment grade bonds as a way of compensating investors for taking on greater risks.
HYHG combines the return potential of high yield bonds with a built-in hedge that targets a duration of zero to eliminate interest rate risk.

_____

Now in the 6th year of Dividend Income Investor.
Before buying any investment, GO TO CORE PORTFOLIO for a listing of CURRENT positions.

_____

Top Ten Websites.  Three are Porn. LOL 🙂  During college years we rarely saw a Playboy and the Internet didn’t even exist.  How the world changes.

1
google.com
Internet and Telecom > Search Engine

2
facebook.com
Internet and Telecom > Social Network

3
youtube.com
Arts and Entertainment > TV and Video

4
amazon.com
Shopping > General Merchandise

5
yahoo.com
News and Media

6
pornhub.com
Adult

7
xnxx.com
Adult

8
xvideos.com
Adult

9
twitter.com
Internet and Telecom > Social Network

10
ebay.com
Shopping > General Merchandise

Leave a comment

NERVOUS YET??

Now in the 6th year of Dividend Income Investor.
Before buying any investment, GO TO CORE PORTFOLIO for a listing of CURRENT positions.

UPDATE:  GECCL is a BUY.

November 13, 2018,  Back on October 15 we mentioned that STOCK investors should have sold out of this market.  But if you did not sell, there is some ‘good’ news.  The index as of yesterday’s tumble, is still down only 5% from the highs.  It appears we are not in a bear market, only in a correction.

You have to pay attention to the political wars as it appears the Dems are out to kill Trump and his programs.  This situation could get much worse and if they do you should consider getting out of stocks-if you have not done so already.  BUT having said all that, the technical indicators are trending UP.  (The bond market is open today, after being closed yesterday.  As we write this, SPY is up 14.) 

We are NOT stock traders and continue holding all term bond positions in the Core Portfolio.  Continue watching WHFBZ and HYHG for BUYS (as we have previously discussed.)

The two recent buys NRZ and IRM are doing well.

Image result for bad pictures of michelle obama
btw Does anyone really give a flying fuck what Michelle Obammer has to say about anything?  omg why don’t those two just go away.

 

Leave a comment

BUY WHFBZ NEXT WEEK

UPDATE:  Monday.  It looks like we may still get a chance to buy HYHG.  We had been trying to get a lower price, and finally gave up.  Place a Limit Buy order for $66.22 and wait.

November 9, 2018.  Whitehorse Finance is offering 2025 (6.5%) bonds next week.  This is a high quality business development company.  We will BUY as soon as it starts trading….you need to monitor this every day and place an order as soon as listed.  

NEW YORK, Nov. 8, 2018 /PRNewswire/ — WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (NASDAQ: WHF) announced today that it has commenced an underwritten offering of unsecured notes due 2025 (the “Notes”), subject to market and other conditions. The Company has submitted an application for the Notes to be listed and trade on The Nasdaq Global Select Market under the trading symbol “WHFBZ.” If approved for listing, the Company expects the Notes to begin trading within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined at the time of pricing of the offering. In addition, the Company intends to grant the underwriters for the offering a 30-day option to purchase additional Notes representing 15% of the offered amount of Notes from the Company to cover over-allotments, if any.

The Company intends to use the net proceeds of the offering to fund investments in debt and equity securities in accordance with its investment objective and for other general corporate purposes. The Company also may use a portion of the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility with JPMorgan Chase Bank, N.A. (the “Credit Facility”). As of November 6, 2018, the Company has $155.0 million of indebtedness outstanding under the Credit Facility. Borrowings under the Credit Facility generally bear interest at an annual rate equal to LIBOR plus 2.75% and will mature on December 29, 2021.

Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), BB&T Capital Markets, a division of BB&T Securities, LLC, and Janney Montgomery Scott LLC are acting as joint book-running managers for the offering.

_____

Bull market ending?

There is a reasonably high possibility the bull market that started in 2009 has ended. However, we will likely not know for certain until we get into 2019, but therein lies the biggest problem. Waiting for verification requires a greater destruction of capital than we are willing to endure.
We have already taken steps to reduce equity risk and will do more on rallies that fail to re-establish the previous bullish trends in the market. If I am right, the more conservative stance will protect capital in the short-term. The reduced volatility allows for a logical approach to further adjustments as the correction becomes more apparent. (The goal is not to be forced into a “panic selling” situation.)

https://seekingalpha.com/article/4219807-tailwinds-bull-market-shifted?app=1&isDirectRoadblock=false

_____

Who really wrote The Art of the Deal (Trump).  Ghost-writer talks.

https://www.newyorker.com/magazine/2016/07/25/donald-trumps-ghostwriter-tells-all

_____

CNN gets blasted by former huge talk show host Larry King.

Ex-CNN talk show host Larry King mocked his former network in an interview with RT America on Tuesday, saying his past employer “stopped doing news a long time ago” to focus primarily on covering President Donald Trump.

Leave a comment

POLITICS. FINANCIALS. MOVIES.

Related image

November 5, 2018.  Yes folks, tomorrow is the big day.  Get out there and vote.  In our mind, the question is whether the ‘closet’ Trumpers will come out and save the House.

We saw this link describing all Trump accomplishments.

TRUMP ACCOMPLISHMENTS LINK

We sold RA on Friday,  The price has dropped but with the dividends added in. we managed to get a very tiny profit.  The key to this game is not LOSE money.  (On Friday we bought NRZ)

We continue holding the remaining Core Portfolio holdings.  Depending on who you listen to, we can expect a recession next year OR the October correction was simply a blimp with gains to follow OR sell now expecting declines.  We really don’t care, as we hold individual term positions which expire at a maturity date with return of our money.

______

MOVIES  BOHEMIAN RHAPSODY.  The moronic reviewers (what universe r they in) gave this new movie lousy reviews.  First of all, younger readers will not remember Queen with Freddie Mercury.  But us oldies are familiar with this iconic group.  Bohemian Rhapsody despite many flaws is one of the best flicks of the year.  The last 20 minutes will bring tears to your eyes.  We can see the Oscars coming.  See it.

_____

The Connors without Rosanne is a ratings loser.  And new season of the House of Cards on Netflix is also a loser without Kevin Spacey, who was fired for reasons we will not review here!!!!  The House of Cards is one of the best series on Netflix, but the new season six without Kevin is a real letdown.  Just like The Connors, this is yet another example of the producers jumping the shark.  Sad.

___

So do you favor letting in illegals.  Here is the cost.

And there it is. 115 Billion dollars per year is about what it costs us to deal with Illegal immigrants. Imagine the good we could do to our own people with that money. Money for mental illness, money for homeless Vets, etc. While I’m all on board with immigrants, the need to control it, and do it wisely has never been more important. Just my not so humble opinion.

_____

We look at numerous charts and videos, and read a lot of financial articles, everyday.  It is not very often that a video really stands out as offering a new perspective on the markets.  But the link below gets you to a video that we recommend you watch.  It gives you an informational look at the long term view.

https://www.ccmmarketmodel.com/short-takes/

_____

Look out for lizards dressed as waiters, dogs dressed as Cleopatra and cats wearing tutus this Halloween.
Pets are getting roped into Halloween madness whether they like it or not, as more consumers are shelling out ever-climbing sums to costume their beloved animals. More than 30 million people will spend an estimated $480 million treating their pets to costumes this Halloween, more than double the $220 million spend on pet Halloween costumes in 2010 when the National Retail Federation began tracking pet costumes.

https://www.marketwatch.com/story/instagram-loving-pets-owners-will-spend-nearly-500m-on-animal-costumes-this-halloween-2018-10-16

Leave a comment

BUY NRZ.

November 2, 2018.  It looks like we missed on HYHG.  It just keeps going up and we do not want to pay the price.

We ARE buying NRZ.  It pays just under 12%.  Here is some descriptive copy:

BUSINESS: New Residential Investment Corp. is a real estate investment trust that focuses on opportunistically investing in, and actively managing, investments related to residential real estate. The Company primarily targets investments in: excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential was formed as a wholly owned subsidiary of Newcastle Investment Corp and subsequently spun-off as a separate publicly-traded entity on May 15, 2013. New Residential is externally managed and advised by an affiliate of Fortress Investment Group LLC and benefit from the resources of a highly diversified global alternative investment manager.

_____

Veteran journalist Ted Koppel absolutely unloaded on CNN, Brian Stelter, and the state of journalism in 2018. Appearing in an October 1 Kalb Report forum, Koppel told CNN host Brian Stelter that the network secretly loves fighting with Trump: “CNN’s ratings would be in the toilet without Donald Trump.” The former Nightline anchor also called for journalistic “humility” instead of “arrogance.”
As the panel discussed Trump, Koppel looked at Stelter and bluntly informed him: “Everybody here keeps talking about ideology and politics.” “Money,” he stressed, adding, “You would be lost without Donald Trump…. CNN”s ratings would be in the toilet without Donald Trump” A flustered Stelter sputtered, “Ted, you know that’s not true…. You are playing for laughs.”

GO TO FULL ARTICLE

Leave a comment

TURNAROUND??? WATCH HYHG

Related image

Now in the 6th year of Dividend Income Investor.
Before buying any investment, GO TO CORE PORTFOLIO for a listing of CURRENT positions.

UPDATE:  Entered buy order for HYHG at $66.22.  We have been watching this for months:  we may get lucky and get filled at this price.

Wednesday October 31, 2018.  As we celebrate Halloween today, the market has certainly been playing ‘tricks’ on investors.  But it appears we may…..may be seeing a turn upward.  As usual, the crystal ball is on the fritz.  (The elections next week will affect the markets going forward.)

The Core Portfolio is down around 1.6% during this down-turn, in comparison to 10-11% for SPY.  This doesn’t even include received dividends and we are not taking the time to add them in:  we would be doing even BETTER if dividends are added in.  Not bad.  (We DO have several ‘private’ positions that are not listed in the Core Portfolio, primarily because they are little too risky for readers.)

BSL is a closed end fund where the pricing can vary significantly from the true net asset value.  We have taken a hit on BSL but the price will most likely rise back to the value.  BUY BSL    …..Also NLY-F a BUY

_____

Several months back, we were reading an article that claimed the The Daily Mail website was the LARGEST website in the world:  meaning the most clicks.  Well we found that hard to believe but we have been visiting the site and find it interesting.  I guess you would call it a tabloid site, something like a classier National Enquirer!!!!  You might like it.

https://www.dailymail.co.uk/ushome/index.html

_____

We came across this site which lists numerous financial blogs that you might find useful.

https://blog.feedspot.com/investment_blogs/

%d bloggers like this: