May 8, 2014

**********Go to “Core Portfolio” for current holdings.**********

LNCO has been a disaster for me, and on March 27 it hit rock bottom.  I am still under water.  But LNCO is on the way back up (as I expected) and you can buy a small position to start.  This is for your IRA.  I suggest you buy or add to current positions.  As of today it is paying 10%.  Can’t argue with that.  This is a classic case illustrating where you should hold on to high quality holdings even when they get hit.

GOV is another holding in our Core Portfolio.  It has tumbled after the most recent ex-dividend date.  I would buy or add anywhere around $25.00

InvestorPlace.com is a reputable outfit that offers advice from some very good advisors.  I have subscribed to some of their newsletters going back literally decades.  (I’m dating myself)

They offer a ‘Trade of the Day’ site that talks about specific trades.


Most of the stuff is not something we would invest in.  BUT the  primary reason that I am suggesting this site is for the educational value, NOT the trading recommendations.

The writers do a good job in discussing the reasons for making the trades which includes describing the chart patterns and technical aspects.  If you have an interest in educating yourself and learning how to evaluate stocks on your own, you need to learn the processes.  Don’t go thru life depending on some financial advisor…….learn how the financial markets work so that you don’t get led down the wrong path.  Most of the brokers and so-called advisors out there are working for themself, not you.  Be cautious.



  1. […] BUY LNCO for the IRA.  I mentioned back on May 8. […]

  2. […] Posted by RLSchmidt on May 9, 2014 in closed end fund, dividend, dividend investing, dividends, income, multi asset income etf, Uncategorized May 9, 2014 Go to “Core Portfolio” for current holdings. DSL is  a closed end fund from my favorite family-DoubleLine.  It i giving you 8% and invests in emerging markets fixed income, corporate bonds, and mortgages. Here is copy from their site: The Fund will seek to achieve its investment objectives by investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both. The Fund may invest in debt securities and other income-producing investments anywhere in the world, including in emerging markets. The Fund’s investment adviser, DoubleLine Capital LP (“DoubleLine” or the “Adviser”), allocates the Fund’s assets among debt security market sectors, and among investments within those sectors, in an attempt to construct a portfolio providing the potential for a high level of current income and for capital appreciation consistent with what DoubleLine considers an appropriate level of risk in light of market conditions prevailing at the time. I know the copy above is not very detailed so please read the article linked below which gives you an excellent perspective on DLS. http://seekingalpha.com/article/2038223-why-doubleline-is-right-on-the-money I really look forward to reading this new book which is scheduled for release next month:  Faithless Execution:  Building the Political Case for Obama’s Impreachment Andrew McCarthy Go to prior post. […]

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