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BUY ENO AND GABPRJ

Yes all the politicos are bought and paid for:

Hillary Clinton’s paid speeches are not relevant because of anything that they said, but because the organizations that paid typically $225,000 to her, for each of them, were paying a servant, for extremely valuable services that that servant is being expected to provide to the owners and top executives of that organization if that servant becomes the U.S. President (or, in the case of her husband Bill) for valuable services that already were provided by that servant when he was a President. They’re pay-offs, for services that are anticipated, or else that have already been provided. They are not (such as the author was assuming) for “the speech.”

http://www.zerohedge.com/news/2016-04-06/guest-post-why-hillary-clinton%E2%80%99s-paid-speeches-are-relevant

April 2, 2016

America is crossing into a new era. Trump seems to have caught the wave, while Clinton seems to belong to yesterday.

A note of caution: This establishment is not going quietly.

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(As a reminder we suggest positions for semi-retired and retired folks looking for income.  Right now we are in super-conservative mode.  We would much rather conserve the money and NOT take risk in stocks….which we feel are vulnerable right now to a decline:  we could be wrong but we really don’t care.

Altho the stock market has spiked higher we are NOT participating…….

Most of the holdings in the Core Portfolio consist of bonds and a little gold:  we continue getting very nice dividends.)

Entergy New Orleans First Mortgage Bonds 6.60% Due April 1, 2066

ENO is an investment grade issue (bond) currently priced at $25.44.  We do NOT like paying over $25.00 but we like this position.

Entergy Corp. is an integrated energy company engaged primarily in electric power production and retail distribution operations in the Deep South of the United States. It is headquartered in the Central Business District of New Orleans, Louisiana.

Gabelli Equity Trust 5.45% Series J Cumulative Preferred Stock

GABPRJ is a high quality preferred stock and we suggest you buy today.  Increasing interest rates (which we do NOT expect) will hurt preferreds:  you may want to consider selling these if rates spike:  again we do NOT expect that.

http://www.gabelli.com/

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BOOKS: CLINTON CASH Peter Schweizer.  Describing the massive corruption of Hillary and Bill.

Please take our ten second POLL 

GO TO Core Portfolio for current holdings:  All positions were purchased at specific prices and are on HOLD and should not be purchased now unless otherwise indicated.

Go here to see our suggested financial websites.

Contact Us.

 

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