GEK General Electric Capital Corporation. 6%. Updates PHD, LNCO, Bonds.

August 9. 2013

**********Investments Core Portfolio” for current holdings.**********

Update:  This was SOLD…BUT you can buy at $25 or less.  This is a good position.

Is it August already!?


(Update September.  Do not buy now.  GEK keeps dropping but eventually this will be a good buy.)  GEK is a low risk preferred that is paying around 6%.  The price today is $21.39 and it is callable in 2018 (which is a call to yield of 9%)–you need to hold to maturity.  It is rated a very good AA and you should buy up to 1% of the portfolio.  GE is a humongous world wide Company and quite frankly you can buy more than 1% if you feel comfortable doing so.  (See link to Update above.)

If you have not purchased floating rate funds, watch PHD  It goes ex-dividend August 14 and you may be able to get a lower price.  This is a strong BUY.

Gold has crashed and burned.  But it is now a buy.  GGN pays 8%

A reminder to sell any medium and long term bond funds that you may hold.  For those of you who follow LNCO, I am still holding.

August 15, 2013

Obama’s Economic Approval Slips to 35%

Was 42% in June; decline mirrors drop in overall approval

by Lydia Saad

PRINCETON, NJ — Despite President Barack Obama’s renewed focus on the nation’s economy this summer, he scores worse with Americans on the economy than he did in June. His approval rating on the issue, now 35%, is down seven percentage points, and his ratings on taxes and the federal budget deficit are each down five points. During the same period, his overall approval rating is down three points.

Go to “HOME” (top of page) for the most current posts.  (Please respond to POLL Click Here)  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.


2 comments on “GEK General Electric Capital Corporation. 6%. Updates PHD, LNCO, Bonds.

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  2. […] you buy stuff when it’s on sale.  IF there is something to look at I will post it.  Watch GEK.  We may be able to get this at a bargain […]

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