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HOLDING BONDS AND WATCHING PGX

April 14, 2016

This financial blog is targeted to retired folks that are seeking income, dividends and yield.  Right now we are mostly out of the stock market, which continues to go HIGHER!!!!  We feel the stock market is too dangerous and is due for a decline.  But when?  We don’t know but we also do not want the risk.  We do not suggest selling your stocks BUT be sure and have sell stop orders in place to protect you.

The stock market is totally manipulated and does not reflect the economy.  Companies are buying back stock to make the earnings look better.  And the banks are manipulating loan loss revenues to make the books to look better.  We are OUT of the stock market.  If everything was so damn rosy, why are interest rates so low??  They would be going up in a good economy.

We think corporate bonds and defined maturity bonds are good for safety:  the single gold position is doing well.  We have also been venturing into the preferred stock area due to low interest rates and very nice yield.

The holdings are doing well and we have not sold anything for quite a while.

April 12, 2016

We are watching PGX for a possible buy.  If the market pulls back we may get PGX at a lower price within the next few weeks.  This ETF holds preferreds.

April 10, 2016

Readers need to be reminded that the stock market has been trending DOWN since last May:  almost a year ago!!!!  The long term trend is down.  If you don’t believe it, just pull up a chart and look at the steady decline.

We will not be shocked to see a 5-10% pullback in the near future.

The economy is weakening despite what that idiot in the White House keeps trying to tell the gullible public.  (And Yellen is proving to be a moron.)  He is trying to get Hillary elected.

We are continually amazed at the so called financial advisors out there telling people to buy dividend paying stocks at these lofty levels.  Complete idiocy.  If you own stocks we advise placing Sell Limit orders at a lower price than current levels……that should protect you if the market collapses.  (As an example, Facebook is turning over, to the downside.)

We prefer bond like instruments and some gold, all listed in the Core Portfolio.  Right now you should be risk adverse.

April 7, 2016

Wynn has been through some tough sledding but things are looking up.  Their Macau casino is close to opening.  And the new Boston casino is on track.  And now they have announced construction of an entertainment complex in Vegas.

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Wynn has been very successful and we anticipate the same going forward.

Wynn has a high paying corporate bond that you should consider.  We are buying a small position.

CUSIP  983130AT2.  Pays 4.7%.  Due March 2022

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Eye-opener from realinvestmentadvice.com:

Okay, let’s hike the minimum wage to $15/hr. That doesn’t sound like that big of a deal, right? Let’s do that math:

My son is just turning 16 in June and is going out to get his first job. He has no experience, no idea what “working” actually means, and it about to be the brunt of the cruel joke of Federal taxation when he sees his first paycheck. Let’s do the math of $15/hr assuming he works full-time this summer.

  • $15/hr X 40 hours per week = $600/week
  • $600/week x 4.3 weeks in a month = $2,580/month
  • $2580/month x 12 months = $30,960/year.

Let that soak in for a minute. We are talking paying $30,000 per year to a 16-year old to flip burgers.

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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