November 15, 2013
(Update November 20: Getting a pullback in the stock market. This will provide some buying opportunities for those positions you want to get into. Long term, the direction is UP.)
This blog discusses dividend paying investments which may include corporate bonds, business development companies, and master limited partnerships including many others.
First up today, boys and girls, is a short discussion on investing. In my younger days, I got caught up in stock trading. Wow, let’s make a bunch of money quick. Give me a break!
I got in touch with a broker and very quickly I started getting the sales calls. Buy this. Buy that. Fortunately I had sense enuf to get our of this scheme before losing money.
Remember……brokers are selling you something…..for commissions. Annuity salesmen are selling you something…..for commissions. Fidelity and Vanguard are brokers……..selling you funds for commissions. They are not looking out for your best interests. Avoid these rip-offs.
Other than learning and investing on your own the ONLY way to invest is hiring a registered investment advisor. They have a legal responsibility to manage your money for YOUR benefit. The link is below. They will charge you a minimal fee. IF you manage your own money, you NEED to subscribe to a dividend income investing newsletter: there are many good ones out there.
Let’s look at the markets. Bubble Head Yellen the new Fed Chairman is continuing with QE and building debt. In addition, the national debt is now in the trillions and growing. This out of control debt situation will end BADLY. But probably not in the hear future. Keep your eyes open as you will, someday, need to get OUT of the markets. All the idiots in Washington know this huge debt is unsustainable but they simply refuse to address it, instead, they protect their ass. And Obama right now is just trying to save his Presidency.
In the meantime, we are in a bull market. SPY is breaking out of it’s consolidation. You should be invested in dividend paying positions. The November, December and January months are historically good for the stock market.
I have talked about numerous suggestions in prior posts. I am still looking at KYE (wait for lower prices) and GYLD both of which I have discussed. Also watch GOF. (Buy GOF if it drops to $22.00..Update: Now at $21.35. The low was probably $21.11 so you can buy tiny amounts to start.)
You really need to look at this video:
Tell us something we don’t already know: “Census faked 2012 election jobs report” Click link below:
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.