February 28, 2014
Go to “Investments Core Portfolio” for current holdings.
Monday: This Ukraine mess may give us some buying opportunities.
Verizon Communications is selling exchange traded debt VZA with a coupon of 5.9%. This is considered investment grade–altho barely it’s almost junk bond status. Do not pay more than $25.00 and buy only up to 1% of the portfolio. I have pasted some copy from quantumonline.com below which describes exchange traded debt.
Exchange-Traded Debt Securities – Exchange-traded debt securities (ETDSs) are corporate debt securities designed for sale to the individual investor. They include the debentures, notes and bonds that are traded on the stock exchanges and resemble preferred stocks in their basic features. Exchange-traded debt securities generally mature in 30 to 100 years. The debt securities are normally redeemable at the issuer’s option on or after five years from the date of issue at par. Most of these debt securities pay quarterly interest distributions. In payment of interest and upon liquidation, the exchange-traded debt securities rank junior to the company’s secured debt and senior to the company’s preferred and common stock. In contrast to the more common $1000 corporate bonds, exchange-traded debt securities are issued in $25 denominations and can be traded on the stock exchanges in the same manner as common stocks. These debt securities are NOT eligible for the 15% tax rate on dividends as they pay interest, not dividends.
I am watching Costco to buy. I do not suggest single stocks on this blog, but if you want to play trader, I will update my thoughts on this purchase. It appears to be setting up nicely. Do not buy right now….still watching.
Fascinating new perspective of extortion and bribery in Washington DC. Read this now: Extortion How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets by Peter Schweizer. This stuff just blows ur mind.
“Despite all the sales pitches, active trading is a disaster for most of its practitioners: Extensive research using data from millions of trading accounts found that 99% — that’s no typo — of active traders lost money in the markets.”
Dems are panicking…………..
Movies: Non-Stop. Oh no who needs another one of those boring airplane disaster “omg we’re all going to die” movies. Surprisingly this is a real thriller, definitely worth seeing. Recommended.
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