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ICAHN CORPORATE BONDS BUY

September 11, 2014  Go to “Core Portfolio” for current holdings.  Hit the “Follow” button to get updates.  A few days ago I mentioned a corporate bond that you may want to buy.  Well I am back again with another suggestion.

I really really like INDIVIDUAL corporate bonds—not corporate bond funds.  They are a relatively safe investment that provide good yields.  I like the Icahn Enterprises bonds.  These are individual bonds that you hold to maturity.

Icahn Enterprises 6% due August 1, 2020 (CUSIP: 451102AX5)

Icahn Enterprises L.P. (NASDAQ: IEP), a master limited partnership, is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion.

Here is the web site:

http://www.ielp.com/

September is typically a volatile month for the markets.  And we are seeing declining momentum.  But I still think the long term trend is up.  With low interest rates you really cannot expect a big correction right now.  Maybe we will see some significant action after the November elections but we just have to wait and see.  Patience is absolutely essential in investing.  This is the most important aspect of trading.

When interest rates start to rise, which is probably a year or more away we will be selling a lot of our positions.  But NOT now.

Update Sept 12:  We are getting hit this week….our positions are down.  We could get a pullback but I would look at that as a BUYING opportunity.  We always want to buy stuff on sale.  Sit tight and wait to see what happens next week.  I think long term the market goes up.

You gotta love Trump:

If Obama resigns from office NOW, thereby doing a great service to the country—I will give him free lifetime golf at any one of my courses!

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