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YYY POTENTIAL BUY

May 3, 2014

Go to “Core Portfolio” for current holdings.  Hit “+Follow” at top of page to follow this blog.

I have been watching Yieldshares High Income ETF (YYY) for a buy.

I suggest you research this position to see if it fits your needs.  I will most likely buy a small position next week.  We may see a pullback in the markets so I want to see what happens before committing.

YYY is an ETF that is composed of holdings of the top 30 Closed End Funds.  The current yield is 8.6% and pays monthly.  YYY gives you exposure to a broad range of Closed End Funds which has 58% stocks and 38% bonds.  Read the following article if you want more info:

http://seekingalpha.com/article/1522802-q-and-a-with-christian-magoon-yieldshares-high-income-etf-for-income-investors

The Core Portfolio is doing quite well.  I recently suggested KYE and it took off.  GEK, probably the most popular post in this blog, has been doing extremely well.  Dividend investing can be very profitable and it is not time consuming  Why would anyone waste time watching Cramer, doing all that stupid research he suggests, and take the risk of trading stocks.  So Dumb.

(endoftheamericandream.com)  According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.  So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh.  One-fifth of the families in the entire country do not have a single member with a job.  That is absolutely astonishing.  How can a family survive if nobody is making any money?

Well, the answer to that question is actually quite easy.  There is a reason why government dependence has reached epidemic levels in the United States.  Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help.  At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.

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One comment on “YYY POTENTIAL BUY

  1. […] we are buying YYY.  This holds 30 closed end funds and pays almost […]

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