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UPWARD AND ONWARD

September 17, 2014  Go to “Core Portfolio” for current holdings.  Hit the “Follow” button to get updates. Readers of this blog are happy with the Fed’s announcement today.  They said what everyone wanted to hear and so I anticipate continued money flow into the dividend paying positions that we hold….. resulting in higher prices.

The markets are manipulated to go up.  And you should BE HAPPY and take advantage of the situation while it lasts…despite problems………

Unemployment levels are a travesty.  (The real unemployment rate is 12.6%)  Welfare and food stamps are simply out of control.  We are creating a society of entitlements.  Companies are buying back their shares…inflating their shares even higher…ensuring their CEO’s get their bonus.  Now we are getting into a terrible war.  And yet the government, liberal media and the financial television makes you think everything is wonderful.

The situation is getting so crazy that I am actually looking at buying silver coins because down the road they will skyrocket in value.  It is probably a good idea to hold some gold and silver coins.

As I have said often, this will not end well.  But in the meantime, we are ok.

Some good buys in the Core Portfolio include CEFL and MEMP.  Even the high risk pick AMYGF is looking hot.

Sell long term bond funds.  It is a virtual certainty that rates will be heading higher in 2015.  If you are in long term bond funds, you will get hurt.  And it could be bad.  I suggest you start selling any long term bond funds that you own.  Short term bond funds should be ok.

We buy individual corporate bonds and hold to maturity.  That is really the best approach.  We also own baby bonds or mini corporates as I call them.

hahahahaha:  Chicago’s newest selective enrollment high school will not be named after President Barack Obama, as Mayor Rahm Emanuel had announced with much fanfare when unveiling the high profile school project.

In a statement this morning, Emanuel said he would look for other possible names.

 

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