March 25, 2015
To View Current Positions Go To Core Portfolio Click Here. Add us to your Favorites! If you like us, hit the LIKE button below.
(Update: Well, the Fed hag blurted out a few comments on Friday. Man oh man is she a mess. Folks I doubt the Fed will ever raise rates. lol. This economy is so crappy (despite what you hear on the liberal media) they may well cause a recession if they did increase rates. We are holding all positions in the Core Portfolio. I can’t even remember the last time we sold anything. We are currently very high on the toll takers in the oil patch…..read the prior posts for more information. We def. want to buy KMI when the price is right. It appears oil will continue upward toward the end of this year.)
FMO is a closed end fund with a focus in energy transport and infrastructure.
It gives you a yield of just under 8% and IS leveraged to 25%.
FMO is a good candidate for the IRA account. You should consider buying this today. All of our recent purchases in oil and gas pipeline segments should be viewed as Long Term investments……….the energy markets are in flux and holdings can go down……but you will be happy down the road that you bought these. Remember you want to buy when stuff is on sale.
Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in MLP entities and will invest at least 65% of its Managed Assets in equity securities of MLP entities. The Fund may also invest in common stock of large capitalisation companies, including companies engaged primarily in such sectors. The Fund may employ an option strategy of writing covered call options on common stocks held in the Funds portfolio. The Fund may invest up to 40% of its Managed Assets in unregistered or otherwise restricted securities, including up to 20% of its Managed Assets in securities issued by non-public companies. The Fund may invest a total of up to 25% of its Managed Assets in debt securities of MLP entities and non-MLP entity issuers, including securities rated below investment grade. The Fund may invest up to 25% if its Managed Assets in US dollar-denominated securities of foreign issuers. The Fund may invest up to 15% of its Managed Assets in securities of any single issuer. The Fund may invest up to 15% of its Managed Assets in royalty trusts.
Yes the markets are rigged:
So sad: from http://www.zerohedge.com
… and now we have solved the mystery of why US households did not spend all those billions in “dropping gas price” windfalls – the answer is that they did in fact spend all this money.
I guess we knew this already:
According to the CDC, 34.6 percent of all men in the U.S. are obese at this point.
lol This has been obvious for years…from http://www.zerohedge.com:
How in the world, it might be asked, is it possible that the chief beneficiary of the financial repression policies of the Fed is the very most affluent segment of society? That is a salient question—-but don’t bother to ask the liberal Keynesians who run the Fed. They do not even have a clue that it’s happening.