April 20, 2016
The big story of 2016: gold and silver going higher. Buy GDX or PAAS. We own GGN but GDX or PAAS would be best for new buys.
Do not buy into oil right now. Oil is going DOWN thru 2016 possibly stabilizing the end of 2016. We continue holding our oil corporate bonds that were purchased last year.
April 18, 2016
(Update: It looks like we missed this buy. May buy in future.)
PowerShares Preferred Stocks PGX contains over 200 preferred and baby bond issues. We have been warming up to preferreds and we have been buyers of baby bonds for years. This position pays almost 6%…very nice. It has been extremely stable over the last few years and assuming interest rates remain low, we should do very well. We also made sure that PGX does not include oil issues-a good thing, but does contain electric companies-which is ok.
We have a get lucky limit order in place at $14.70, meaning we may get lucky and get a buy at this lower price. If it does not get this low, buy any place under $14.80
The investment seeks investment results that generally correspond to the price and yield (before fees and expenses) of the BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index (the “underlying index”). The fund generally will invest at least 80% of its total assets in fixed rate U.S. dollar-denominated preferred securities that comprise the underlying index. The underlying index is a market capitalization-weighted index designed to reflect the total return performance of the fixed rate U.S. dollar-denominated preferred securities market. It is non-diversified.
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