June 8, 2013
It has been a nail-biting week.
The markets dropped five percent and almost right on que, bounced off Support.
So what to do now. We are STILL consolidating….or to put it another way we are parked in Neutral. But it appears the route of highest probability is for the markets to climb higher….and we go into a Drive mode.
I have discussed numerous dividend investments in this blog that you can consider. If you are not invested at all and can’t decide what to do, at minimum get into SPY IF WE SEE upward momentum this week.
(Update July 2013: Sold FTF Do Not Buy) Franklin Templeton Limited Duration FTF is also an excellent ‘leveraged” closed end fund that includes floating rate and corporate bonds. The price today is $13.66 and currently pays 7%. This is a great pick for anyone interested in dividend investing. If you want to understand the current bond market read this:
Want More? See ‘Recent Posts’ in right margin or go to ‘Home” at the top of the page. This blog discusses dividend paying investments that I find appropriate for myself…..and for investors seeking dividends and income. I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.