November 23, 2013
This blog discusses dividend paying investments which may include corporate bonds, business development companies, and master limited partnerships including many others.
Politico.com came on the scene about six years back. They have become, more or less, the go to site for political goings-on in Washington. I really did not pay much attention to the site. But recently I subscribed to their daily briefing which dished up all the fights, birthdays, and gossip in DC. It too was rather boring and very hard to read.
BUT………Politico has have now started publishing a magazine. Wow, this is good stuff. Every day they offer up some quick read articles that are really interesting. Today they did a story on Bill Maher, the left wing wack job, and Michelle……you know who I’m talking about. They even use large type so that I can see the damn thing. Better yet, they did a story on sex in the Senate. No, I don’t make up this stuff!!!!!
Check them out. I think you will like it. At least try it.
Let’s chat about the stock market. There is very little to say. All you really need to know is that the Fed is continuing with Quantitative Easing. This means the stock market will go up. Plain and simple.
Unless there is some dramatic change in this policy, you should stay invested. You can argue the positives and negatives of QE but that does not affect investing decisions. As long as QE continues, the highest probability for the markets is upward. By the way, the economy is still sucking wind so it is rather obvious that QE is a failure!!! But they continue anyway. No wonder people despise Washington.
“Janet Yellen, the nominee for Federal Reserve chairman, defended the central bank’s bond purchases in a letter to a U.S. senator, saying they boosted economic growth and provide benefits that exceed the risks.”
Having lived thru the crash back in 2008-09 (and others before that) I can tell you from experience that our enormous debt, this travesty of Obamacare, and the huge entitlement programs have to be addressed. But in the meantime, we should stay invested.
Having said that, volume is declining and interest rates are going up. This could very possibly cause a short term pullback and you should not be concerned. This may present a buying opportunity for positions that we have been evaluating.
PFLT You should own some floating rate bond funds. Buy 1 or 2% of portfolio in IRA and intend to hold for years.
Excellent article on QE and bonds:
“CNN/ORC poll: Democrats lose 2014 edge following Obamacare uproar,” by CNN Political Editor Paul Steinhauser: “A new CNN/ORC International poll indicates a dramatic turnaround in the battle for control of Congress in next year’s midterm elections. Democrats a month ago held a 50%-42% advantage among registered voters in a generic ballot … That result came after congressional Republicans appeared to overplay their hand … over the … shutdown and the debt ceiling. But the Democratic lead has disappeared. A new CNN/ORC poll indicates the GOP now holds a 49%-47% edge. … The 10-point swing follows a political uproar over Obamacare … The turnaround in the CNN/ORC poll follows similar shifts in recent national surveys from Quinnipiac University and Fox News.”
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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.