HARVEST 7% WITH HARVEST CAPITAL. HCAPL

January 26, 2015

To View Current Positions Go To Core Portfolio Click Here

(Update:  There is strong demand for this issue.  I would not buy unless it drops below $25.30-you could enter a buy limit order.)

Today we are looking at another exchange traded issue.  It is already pricing very high and we may miss getting in.

Harvest Capital Credit Corporation is a Business Development Company that is offering a ‘baby bond’ with a 7% coupon.  Woohoo!!!!

Harvest Capital Credit Corporation

I consider this a relatively high quality issue.  Their website is listed below and you should read more before investing.

This issue matures in 2020 so it is a relatively short duration,  Callable in 2017 (at $25.00) which is not that far away so you do NOT want to overpay.  Now trading at $25.35 and you should not pay much more….try and get it for less.  If it spikes, just ignore it.  Remember this is interest rate sensitive.

http://harvestcapitalcredit.com/

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MOVIES.  The Theory of Everything.  The story about Steven Hawking did not appear at all appealing.  But having received numerous award nominations we shlepped over to the cinema expecting….well, not much.  The story of his life turns out to be amazing and will bring tears to your eyes.  Go see this before it gets booted from the theaters.

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Worst scam in the world.  Every so often I remind readers about Annuities.  There are sales people out there (note I said SALES people) that want to sell you these terrible financial instruments so that they can earn huge commissions.  Annuities are NOT investments.  They are SCAMS sold by insurance Companies that use your money for their benefit.  Stay away.  And if you have relatives that are thinking about annuities, please have them Google the category before buying anything.  There is an endless number of articles explaining how horrible annuities really are.

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When are Americans going to stand up and force them to get rid of Obamacare:

It will cost the federal government – taxpayers, that is – $50,000 for every person who gets health insurance under the Obamacare law, the Congressional Budget Office revealed on Monday.

The number comes from figures buried in a 15-page section of the nonpartisan organization’s new ten-year budget outlook.

The best-case scenario described by the CBO would result in ‘between 24 million and 27 million’ fewer Americans being uninsured in 2025, compared to the year before the Affordable Care Act took effect.

Pulling that off will cost Uncle Sam about $1.35 trillion – or $50,000 per head.

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Tell us something we don’t already know:

According to a report released Tuesday by the American Customer Satisfaction Index http://www.theacsi.org/news-and-resources/customer-satisfaction-reports/reports-2014/acsi-federal-government-report-2014, our satisfaction with the federal government has hit an all-time low (at least since the company began collecting data for this index in 2007). The federal government now scores a 64.4 out of 100 in terms of satisfaction (the average across all industries is 75 out 100). This is the lowest score across the 40 different industries – including industries like airlines, cable companies and others — that the ACSI measures, with the exception of Internet service providers.

The Sunday New York Times has a lot of really great stories including this one on Megan Kelly (FOX)

http://www.nytimes.com/2015/01/25/magazine/the-megyn-kelly-moment.html?hpw&rref=magazine&action=click&pgtype=Homepage&module=well-region&region=bottom-well&WT.nav=bottom-well

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