February 24, 2014
Go to “Investments Core Portfolio” for current holdings.
JMP Group Inc. is a full service investment banking and alternative asset management firm that provides investment banking, sales and trading, and equity research services.
I suggest buying JMPC 7.25% Senior Notes due in 2021. As always I recommend no more than 1% of the portfolio. These are essentially bonds that trade on the stock exchange. A 7% return is far more than you can get in most dividend paying investments. Do Not pay more than $25.00.
JMPC is NOT a bond FUND……if you do own mid to long term bond FUNDS such as mutual funds, you should sell them. If interest rates spike up you will get hurt.
I suggest buying NO stocks or stock funds right now….I am on hold right now, just watching and waiting. The stock market direction will most likely depend on what actions are taken by Yellen and the Fed. I AM interested in MLPs, business development companies and exchange traded debt.
GGN our gold play is doing well. It is still not too late to buy this 10% payer. Again start with 1% of the portfolio. You can always buy more if the trend continues upward…it looks like we will get a pullback which would be a buy. Longterm gold is going up.
Movie Time: POMPEII I confess a weakness for those Roman gladiator movies. Throw in an erupting volcano and you have a winner. Go see this.
“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)
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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.