July 9, 2014
********Go to “Core Portfolio” for current holdings.**********
Buy at $24.75 and under $25.00
Prudential Financial 5.7% Junior Subordinated Notes PRH is debt that trades on the stock exchange. It trades like a stock. The income is distributed quarterly.
PRH gives provides you a good investment at low risk which is why you are seeing a somewhat low yield BUT its certainly better than a CD or Treasury. PRH can be called in 2018 at $25.00 which is HIGHER than what you are going to pay…what a great deal.
I really like Exchange Traded Debt and have had good luck over the years.
Can you believe this number: $747 Billion in assets. Wow. Prudential Financial, Inc. is an insurance and investment management organization headquartered in Newark, New Jersey. As of March 31, 2014, the company had total assets of $747 billion and total shareholders’ equity of $39 billion.
Bottom Line: Unless Prudential goes belly up which is most unlikely you have very little risk and a pretty good yield. We also hold VZA and JMPC which are debt issues, in the Core Portfolio.
It is very important that you understand this: From Marketwatch.com: In short, stocks have become more attractive not because of a surging economy or strengthening corporate profits, but because they are the last-place finishers in an ugly contest. That’s a significant difference with boom markets of the past.
According to a recent new poll from Quinnipiac University, Obama is considered the worst president since World War 2.
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