March 23, 2016
As expected there is nothing going on during this Easter week in the financial markets.
We remain primarily in bonds and cash: the stock market continues up but we are not participating.
Stocks are consolidating and, if anything, we would expect a pullback. But we wait and watch. In the meantime we collect significant dividends from the income investments as listed in the Core Portfolio (link below).
“”The Trump campaign is not a hostile takeover of the Republican Party. It is a rebellion of shareholders who are voting to throw out the corporate officers and board of directors that ran the company into the ground.
Only the company here is our country.””
March 16, 2016
Besides being absolutely the worst economic forecasters on the planet, the Fed’s real problem is contained within the table and chart above. Despite the rhetoric of stronger employment and economic growth – plunging imports and exports, falling corporate profits, collapsing manufacturing and falling wages all suggest the economy is in no shape to withstand tighter monetary policy at this juncture.
It is still OK to buy our recent bond purchases at current prices:
AFSS, EBAYL and BBTPRH
We continue holding all positions in the Core Portfolio but we also hold a huge position in CASH. Bond type holdings and cash is the place to be right now….unless you are an experienced stock trader who can take advantage of the swings. (This is the best site for learning stock trading: http://www.philsgang.com)
March 14, 2016
Here is a Corporate Bond that you can consider:
Investment Grade. Cusip 620076BB4 Matures May 2022. NICE effective Yield of 4.75%. If you want this you should buy asap today.
Motorola Solutions was formed in 2011 after the tech giant Motorola split into two separate companies. The majority of Motorola’s operations stayed with Motorola Solutions, but the cellphone division became a separate entity called Mobility Mobile. Today, Motorola Solutions focuses on two-way radios, communications services and support for public agencies.