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November 18. 2014.  Go to “Core Portfolio” for current holdings.  Hit the “Follow” button to get updates. 

Update Monday:  TCRX is trading today.  BUY.  Scroll down for comments.  Do NOT pay much more than $25.00

Every so often, (when I remember), I like to remind our readers of the US National Debt.  I should have posted this on Halloween because this shit is really scary.  BOO!!!

So why should you care you ask.  Because it is YOUR debt.  Who do you think is going to pay these bills?

$18 TRILLION US National Debt

$56,000 Debt Per Citizen

The average person can’t even comprehend these large numbers…most people can’t balance their checkbook.

What’s even more scary about this problem is that nobody is talking about it.  Not the government.  Not the liberal media….God forbid we don’t want Obama to look bad.


Now that I have cheered you up, here is a position that I am looking at.  It’s not even trading yet, but I may buy a small position.  symbol will be TCRX.

THL Credit Inc.has priced a note issue at 6.75%…essentially a Baby Bond and we own many of these in the Core Portfolio.

A Baby Bond is essentially a Corporate Bond (normally priced at $1000) which has been cut up into smaller pieces and is designed for the smaller investor.  Typically you see pricing at $25 so it is easy to buy small amounts like $500 or even several thousand.  I keep investments in a single issue at very small amounts, altho I consider these bonds as safe.

THL Credit is a Business Development Company.

The new notes mature in 2021 which is a good thing.  Pays 6.75% which is not great but certainly adequate.  I do not see these as high quality so buy a SMALL amount.  http://www.thlcredit.com/junior-credit/credit-inc/

(I am also looking at WPC for a buy.)


When I started this blog years ago, I would have never imagined having viewers all over the world.  South America, Europe. Caribbean………amazing.  So thanks to all you guys/gals and I certainly hope my thoughts on dividend investing is helpful.  Fell free to comment and ask questions.

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