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DEBT BOMB. AND BUY ECC. EDUCATIONAL VID TO WATCH

July 18, 2019. We are buying ECC which pays over 13%. With this high rate of return, you know this position is riskier than most of the Core Portfolio positions. It is a high quality fund with high quality management. ECC has recently declined and is now ‘on sale’. Do NOT buy more than 2% of your portfolio.

FUND DESCRIPTION:  Eagle Point Credit Company, Inc. is a non-diversified closed-end management investment company that registered under the Investment Company Act of 1940. INVESTMENT OBJECTIVE: The Eagle Point Credit Company, Inc. seeks to generate high current income, with a secondary objective to generate capital appreciation. COMPANY STRATEGY: The Company seeks to achieve our investment objectives by investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs). The CLO securities invested in are unrated or rated below investment grade and are considered speculative with respect to timely payment of interest and repayment of principal. Below investment grade securities are also sometimes referred to as junk securities. MANAGEMENT: The Company is externally managed and advised by Eagle Point Credit Management LLC

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Baby boomers and the older generations will probably never experience the devastating effects of the ballooning USA debt. But the children and their children are in trouble, and don’t even know it. The corrupt morons in Washington continue to run huge deficits, spending trillions more than we take in. This is a terrible situation but nobody seems to care. We encourage you to read this article.

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We stumbled across this YouTube video. Who doesn’t want to increase their credit score??? These are very good tips and you should look at this.

What is U.S. electricity generation by energy source?

In 2018, about 4,178 billion kilowatthours (kWh) (or 4.18 trillion kWh) of electricity were generated at utility-scale electricity generation facilities in the United States.1 About 63% of this electricity generation was from fossil fuels (coal, natural gas, petroleum, and other gases). About 20% was from nuclear energy, and about 17% was from renewable energy sources. The U.S. Energy Information Administration estimates that an additional 30 billion kWh of electricity generation was from small-scale solar photovoltaic systems in 2018.2

U.S. electricity generation by source, amount, and share of total in 20181
Energy sourceBillion kWhShare of total
Total – all sources4,178
Fossil fuels (total)2,65163.5%
  Natural gas1,46835.1%
  Coal1,14627.4%
  Petroleum (total)    25   0.6%
    Petroleum liquids    16   0.4%
    Petroleum coke     9   0.2%
  Other gases    12   0.3%
Nuclear   807  19.3%
Renewables (total)   713  17.1%
  Hydropower   292
   7.0%
  Wind   275   6.6%
  Biomass (total)    63   1.5%
    Wood    41   1.0%
    Landfill gas    11   0.3%
    Municipal solid waste (biogenic)     7   0.2%
    Other biomass waste     3   0.1%
  Solar (total)     67
   1.6%
    Photovoltaic    63
   1.5%
    Solar thermal     4
   0.1%
  Geothermal     17   0.4%
Pumped storage hydropower3     -6   -0.1%
Other sources     13   0.3%

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 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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HCXZ TRYING AGAIN

July 16, 2019. Markets keep going higher and higher. We like to buy ‘on sale’ not when we are hitting new highs. So we are limited to new issues, or when they go ex-dividend. Last week we tried to buy HCXZ and could not get the price we wanted. Yesterday it dropped big time and closed higher at $24.90. If we can buy anywhere close to this price, we will add to our positions.

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We love bashing liberal bat shit crazy fake news Clinton News Network CNN. Here is yet another story about the ratings collapse. The full article is linked.

Brian Stelter’s CNN show, Reliable Sources, has lost more than 40 percent of its viewers since the beginning of the year.

Stelter, a left-wing conspiracy theorist who serves as a reactionary mouthpiece for his boss, Jeff Zucker, the far-left extremist responsible for running CNN into the ratings dirt, was at least able to average 967,000 viewers during the first four weeks of this year, from January 6 to January 27.

But during the four weeks that just passed —  from June 16 to July 7 — Reliable Sources has only been able to average 557,000 viewers.

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We can’t pass up, again, on an opportunity to beat up on the corrupt New York Times Bestseller List. They list books as best sellers when the book has not sold any copies. Well they have done it again. Barack’s best friend published a dud but it managed to get on the list. Click below to get full article.

Fox News host Tucker Carlson noted on his Monday show that Valerie Jarrett, former adviser to President Barack Obama, doesn’t appear to have sold many copies of her book, despite managing to top the New York Times bestseller list.

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Are interest rates going LOWER????? Maybe. Read the article linked below.

If the Fed initiates rate cuts and if the data in the graphs prove prescient, then current estimates for a Fed Funds rate of 1.50% to 1.75% in the spring of 2020 may be well above what we ultimately see. Taking it a step further, it is not farfetched to think that that Fed Funds rate could be back at the zero-bound, or even negative, at some point sooner than anyone can fathom today.

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ADD/BUY HCXZ

July 12, 2019. We bought HCXZ about a year ago.

It went ex-dividend and we are trying to ADD to the position due to a very attractive price. Placed a BUY LIMIT order DAY at $24.88. ($24.90 is also ok to buy)

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IRM HOLD

July 12, 2019. We recently bought IRM in the Core Portfolio. But it had been struggling and then we got hit hard yesterday when Bank of America downgraded it. BUT, three days back, Wells Fargo initiated coverage at OUTPERFORM!!!

So who the hell do you believe. We have followed IRM forever and are NOT concerned about the Company. HOLD. IRM is on sale and if you have the guts to buy now, you will be happy in six months….it is up two cents this morning.

The Analyst

Wells Fargo’s Eric Luebchow initiated coverage of Iron Mountain with an Outperform rating and $38 price target.

The Thesis

Iron Mountain’s core market of data storage is “much more stable” than it appears given the company’s consistent retention rate of around 98% and destruction rates at around 5%, Luebchow wrote in a note. The company is also able to counter flat to slightly negative total volume growth through increasing its price by around 3% a year.

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 blog is designed for investors seeking income. And don’t forget to hit the like button. Go Here For “About and Links

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SELL FLOATING RATE

July 10, 2019, It looks like interest rates may be going down further, or at least staying the same. This is not positive for our floating rate funds. SELL these today.

BSL We have a price decline but with dividends, there is a small Total Return of 3.5%

GSBD Price is down but with dividends there is a Total Return of 7.9%

If you hold similar positions like EFT or FRA, sell.

There are no screaming buys so we will hold proceeds in money markets for now. We are also evaluating additional Core Portfolio positions for possible sells this week.

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If you invested in only Treasuries over the last twenty years, you would have BEAT the stock market. Amazing but true–see bottom chart below.

We have mentioned RIA http://www.realinvestmentadvice.com owned by Lance Roberts, many many times. (Charts above are from his website.) In the many decades that we have been in the financial markets, RIS is by far the BEST and free financial website. The site is absolutely packed with useful information. We have found Lance to be extremely accurate in observing the markets.

Last week he published a detailed analysis of the jobs market. We strongly you suggest you read this article and get the REAL truth behind the fake news jobs numbers that the government spews out.

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The early Sunday morning political talk shows have always been a huge waste of time——politicians simply spewing thier talking points. Viewers are finally starting to realize this.

“Average audience for the network TV Sunday morning political talk shows on ABC, CBS, Fox and NBC — ‘This Week,’ ‘Face the Nation,’ and ‘Meet the Press,’ respectively — declined 8% in 2018, to about 2.3 million average viewers,” the pollster said in a new report, which reviewed several years worth of complex Comscore audience data.

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ADD DSL-FOREIGN BONDS

July 8, 2019. We are adding to DoubleLine Income Solutions (DSL) which is in the Core portfolio.


Jeff Gundlach the “bond king” is the manager of DSL which includes around 63% foreign corporate bonds. The average investor like us do not have access to these type of bonds so that’s why you want to hire the expert. DSL is paying just under a huge 9%. This fund is trading at a discount to the value of the investments. BUY

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JOBS REPORT–NOT SO HOT AFTER YOU DIG INTO DETAILS

To summarize: June saw a surge in full-time jobs, as total US employment hit a record high of 157 million workers, however virtually all of this increase was due to workers being forced to get a second (or third, or fourth) job, double- (and triple-)counting those who can no longer make ends meet on one job alone.

In other words, enough ammo for both Republicans and Democrats to praise/slam the Trump economy.

https://www.zerohedge.com/news/2019-07-05/it-wasnt-all-great-news-multiple-jobholders-soar-record-high

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We bought IRM and it is down 3%. But this thing is cyclical and momentum is on the way UP. Link to full article below.

In the case of IRM, we see an interesting opportunity because although the data center business is different than the document storage business, I could see how the company’s value proposition and capabilities could be extended to data center properties with some slight adjustments.

The company currently pays out an 8% dividend yield and we also see upside potential in the stock. We see the price closer to $38 based on a price/AFFO multiple of 12x on AFFO of $3.05. In 2020, we see even more potential as AFFO should ramp up to $3.23-$3.26.

We rate the stock a Buy and I will be adding it to my portfolio.

https://seekingalpha.com/article/4273309-iron-mountain-moving-data-centers-8-percent-yield-looks-solid

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Yes we keep talking the severe decline in the radical left wing fake news CNN. Hopefully they will go bankrupt but that will probably not happen. Even with their ratings declines, they STILL GET substantial income from the cable companies (from the bills YOU pay for cable) and their placement in airports.

The far-left fake news outlet CNN came in 15th place in primetime during the previous quarter and lost nearly 20 percent of its already pathetic viewership.

Here is the full article: https://www.breitbart.com/the-media/2019/07/03/nolte-cnn-death-spiral-continues-with-double-digit-q2-ratings-collapse/

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OK more from CNN. Socialist radical failing CNN actually calls Demo Presidential candidates stupid by wanting to give away everything free to everyone. LOLOL

Slide 33 of 100: Dana Summers/Tribune Content Agency

CNN Admits 2020 Democrats’ “Voters, You’re All Wrong” Strategy Is The Dumbest Ever

Full article: https://www.zerohedge.com/news/2019-07-01/cnn-admits-2020-democrats-voters-youre-all-wrong-strategy-dumbest-ever

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LOST OPPORTUNITIES

Image result for july 4th

July 3, 2019. Every so often, we miss on ‘opportunities’. We used to watch gold years ago, but it has been dead and we more or less forgot about it. But if you were alert enough to have bought the gold miners recently, there were riches to be had.

Back in May we mentioned NRUC, a lost ‘opportunity’ for us. It jumped above our buy price and we never did buy. Today this damn thing is at $26.69, way above the par of $25.00 in a very short period of time. We could have sold today and made a huge profit in less than two months.

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LOL We hear on the radio that many of the southern California flower growers have converted to growing marijuana: forcing florists to source their flowers from other providers.

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And in the latest warning to Beijing that the trade war is having a real, and perhaps irreversible, impact, Nikkei Asian Review reports that HP, Dell and Amazon are joining the wave of consumer-electronics manufacturers who are planning to shift production elsewhere.

The burgeoning exodus, which also reportedly includes a half-dozen Apple suppliers (most notably Foxconn), Nintendo, Sony and others is threatening China’s status as the global manufacturing hub.

https://www.zerohedge.com/news/2019-07-03/hp-dell-amazon-join-manufacturing-exodus-leaving-china

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 blog is designed for investors seeking income.

Keep scrolling down for more. And don’t forget to hit the like button. Go Here For “About and Links”

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