Wednesday June 12, 2013
We are still sitting here twiddling our thumbs. Stock markets are parked in Neutral and consolidating but things are looking weak. We could break out up OR down.
For dividend investments, the safe route is to do nothing. Keep what you have but certainly do not sell. Wait and watch. Some of the very smart bond advisors I follow are saying interest rates will come down, which would positively affect the stock market.
On a longer term basis I really like the master limited partnerships. LNCO looks good to buy at $37.00 FOR YOUR IRA. (June 18 UPDATE: LNCO is dropping but I view this as a buying opportunity.) Click Here
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.