October 23, 2013
(Update Nov 4. KYE Hold Off for now. Looking weak for some reason.) (Update Oct 31) KYE ALERT BUY order at $28.15 which is support. Buy IN YOUR IRA. Buy more if it goes even lower.
WPZ Watching. An MLP going ex-dividend Nov 1. May be excellent buy.
(Update Oct 28) BUY Tenet Healthcare. Corporate Bonds. 88033GAV2 NOT Investment Grade Corporates but they pay almost 8%. Maturity 2031. Suitable for a very very small position. I would typically not mention a junky bond but I think the risk with a tiny position in the portfolio is worth the nice yield.
VNR Goes ex-dividend Oct 30. VNR typically drops after the ex dividend date which provides you a better entry price. VNR is an MLP that has been acting very well. (Update Oct 31) Buy anywhere close to $27.50
Buy NOW. Tennessee Valley Authority is offering corporate bonds for $104.237 with 4.33% yield maturing in 2035. These are HIGH rated and ‘implicitly’ backed by Uncle Sam. This would be appropriate for a small portion of the portfolio. This is high rated investment grade stuff giving you a reasonable, (not great), return. Each bond is $1000.00.
These are Individual Bonds which are a far superior investment vs bond funds. Barring a bankruptcy individual corporate bonds mature returning all your money in addition to the yield. You should plan on holding corporates to maturity.
Since corporates are priced at $1000 they are by definition designed for a larger portfolio. A single position should represent no more than one or two percent of the portfolio.
Funny Line of the Day: “The first lesson you learn as a pollster is that people are stupid.” (This Town, Leibovich)
Go to “HOME” (top of page) for the most current posts. Go To +FOLLOW at the top of this page to follow this blog. (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.