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BUY STUFF THAT’S ON SALE!

January 23, 2014

SPY 1828.00  Go to “Investments Core Portfolio” for current holdings.

Funny Quotes:  Margaret Thatcher:  “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”

(Update January 29.  Momentum is down short term …but long term the trend is up.  Patience is the key here, you just have to wait for the bargains.  It appears the SPY will drop to 1750.00.  Watch PSEC to buy or add to current position…may be good buy at $10.80.  WPZ has been acting very well.  Also waiting for the Fed announcement today.)

(Washington Post)  For Mitt Romney, the 2012 election was held about a year too early.

Romney would hold a slight lead on President Obama if the 2012 election were replayed today, according to a new Washington Post-ABC News poll.

The poll of registered voters shows Romney at 49 percent and Obama at 45 percent in the rematch, a mirror image of Romney’s four-point (51-47) popular-vote loss in 2012.

(Update January 27.  We are hitting support levels.  Keep an eye out for those positions you want to buy.)

(Update January 25.  It looks like the markets are set up to go Lower on Monday.  Stay on the look out for good buys.  The link below explains what is going on.)

http://www.businessinsider.com/hedge-fund-short-squeeze-hitting-markets-2014-1

If you want more go here:

http://seekingalpha.com/article/1967221-adding-perspective-on-the-stock-market-sell-off

I just got a pair of beautiful $65.00 leather gloves……for $24.00.  That’s what I mean when we say buy stuff that’s on sale.

Stocks are now on sale.  If you believe as I do that the Fed will keep interest rates low which means the stock market continues going up, then you should be looking at positions on sale during pullbacks like we are now seeing.  I think the market will continue down for a few days.  So look for bargains.  But long term the bias is UP.

Several months back, I realized we needed a central ‘portfolio’ page that listed all holdings.  So I created a ‘core holdings’ tab.  (top of page)  I was even confusing myself with the numerous updates…a change was needed!!  If you don’t look at any other page, check out the core holdings for a quick update.

PSEC a business development company (in core holdings) is going ex-dividend January 29, 2014.  This is a 3.3 billion BDC and almost 90% of the portfolio is in floating rate positions-a good thing in this financial environment.  PSEC typically drops to around $11.00 post ex-dividend and that would be an excellent time to buy.  If you already own, you can add to your current position, up to a maximum of 4% of the portfolio.

LNCO is still a buy.  Be sure and get CVY:  may get down to $24.00.  SDIV is getting hit, BUY at lower prices.

(thedailycrux.com)  “My point is… the Bernanke Asset Bubble happened. The Fed printed a truly stupendous amount of money. It bought trillions of dollars’ worth of U.S. bonds. It produced a huge bubble in corporate and U.S. sovereign bonds. It forced investors out of the bond markets and into stocks. It drove up equity prices to absurd heights – that rival even the 2000-era prices for certain stocks. What happens now?

You might try to catch the tail of this bubble. There might be a “blow-off top” – a huge, manic run in securities prices. I certainly can’t predict the future. But from what I see… the selloff in bonds has already begun. Meanwhile, many stocks are trading at crazy prices already – truly insane levels. Normally, these kind of sky-high valuations have painful consequences for investors who buy at or near the top. And this time… I fear the consequences could be far, far worse than even I am able to imagine.”

Did you know this?  And they say the economy is getting better lolol:  “Currently about one in seven Americans currently on food stamps, or 47.6 million people.”

“Massive money printing eventually causes rising inflation; rising inflation eventually causes rising interest rates; and rising interest rates are not going to be good for maintaining this fake, stimulus-based economy.”  (The Aftershock Investor) 

Go to “HOME” (top of page) for the most current posts.  Go To “+FOLLOW” (top of page) to follow this blog.  Go to “INVESTMENTS” (top of this page) for core holdings. 

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.

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One comment on “BUY STUFF THAT’S ON SALE!

  1. […] Development Companies (PSEC is a BDC that is in our core portfolio) have been getting hit because of the […]

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