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“We’re Running A F**king Casino” Congressman Admits DC Is A “Sinkhole Of Leeches”. AND Trump Now Ahead!!!

Go to this link to read:

http://www.zerohedge.com/news/2016-05-16/were-running-fking-casino-congressman-admits-dc-sinkhole-leeches

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Donald Trump has now grown his lead over Hillary Clinton in Rasmussen Reports’ first weekly White House Watch survey.

Trump earns 42% support to Clinton’s 37% when Likely U.S. Voters are asked whom they would vote for if the presidential election were held today. But Rasmussen Reports’ latest national telephone survey finds that 13% prefer some other candidate, while seven percent (7%) are undecided.

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As a reminder our conservative Core Portfolio is designed for retirees who are seeking a safe income stream…”safe” typically meaning a lower yield.  Click on the Core Portfolio to see a list of all current holdings.  Truly safe means CDs and Treasuries:  we are striving for 3-4% these days by looking at corporate bonds which act like Treasuries but obviously carry increased risk.

May 16, 2016

(Update)  We have been looking at a long list of high quality preferred stocks.  Virtually the entire category is over priced due no doubt to income investors seeking high dividends.  We have been wanting to buy this category but prices are rapidly increasing recently.  Do not get sucked into buying over priced preferreds.  BUT…..We are looking at a NEW issue that is priced to buy and we will notify you if we want to go after this issue.

(Update)  We have suggested numerous Corporate Bonds over the years.  If you do not want to get involved in buying individual bonds, consider the Guggenheim Defined Maturity Funds.  They buy and hold corporates until maturity, and you can get in for small amounts of money….the funds are Totally Different than the typical bond fund that buys and sells bonds everyday.  The funds are currently “on sale” and you should consider buying now.

http://guggenheiminvestments.com/products/etf/product-list

(Update) May 13, 2016

Stock market technicals have been eroding for a month.  If you a long term buy and hold investor and are willing to take the pain, continue holding stocks.  BUT it appears the stock market will hit a five or ten percent decline.  You may want to place stops.  For example, Apple and US Steel just to name a few are heading down.

Our bond positions are holding up well:  we are not selling anything.  But we are very hesitant to buy anything right now:  especially preferreds.

May 10, 2016

We are buying a very small position in Sunoco.

The energy related bond is ‘on sale’ giving you an effective yield of 4.34%.  Maturity is January 2023 and you should plan on holding until it matures.  We have been avoiding energy issues but Sunoco is very stable and the bonds are rated investment grade.

CUSIP:  86765BAL3

Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). Its Crude Oil segment provides transportation, terminalling, and acquisition and marketing services to crude oil markets in the southwest, Midwest, and northeastern United States.

As a reminder our conservative Core Portfolio is designed for retirees who are seeking a safe income stream.  Click on the Core Portfolio to see a list of all current holdings.

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Funny comment we saw today:

“Instead of having deep, meaningful relationships with our phones, perhaps we should try having deep, meaningful relationships with one another.”

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WOWWWW!!!!!!

Donald Trump’s support has surged and he is now running nearly even with Democrat Hillary Clinton among likely U.S. voters, a dramatic turnaround since he became the Republican party’s presumptive presidential nominee, according to a Reuters/Ipsos poll released on Wednesday.

The results could signal a close fight between the two likely White House rivals as Americans make up their minds ahead of the Nov. 8 election to succeed Democratic President Barack Obama. As recently as last week, Clinton led Trump by around 13 points in the poll.

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Trump calls Hillary a crook:  he is right:

The Clinton Foundation’s finances are so messy that the nation’s most influential charity watchdog put it on its “watch list” of problematic nonprofits last month.

The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid.

The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, with the fattest payouts going to family friends.

“It seems like the Clinton Foundation operates as a slush fund for the Clintons,” said Bill Allison, a senior fellow at the Sunlight Foundation, a government watchdog group where progressive Democrat and Fordham Law professor Zephyr Teachout was once an organizing director.

– From last year’s post: Senior Fellow at Sunlight Foundation Calls the Clinton Foundation “A Slush Fund”

Thanks to Charles Ortel, it’s time to prepare ourselves for some more Clinton Foundation revelations.

The Washington Free Beacon reports:

The Wall Street analyst who uncovered financial discrepancies at General Electric before its stock crashed in 2008 claims the Bill, Hillary, and Chelsea Clinton Foundation has a number of irregularities in its tax records and could be violating state laws.

Charles Ortel, a longtime financial adviser, said he has spent the past 15 months digging into the Clinton Foundation’s public records, federal and state-level tax filings, and donor disclosures. That includes records from the foundation’s many offshoots—including the Clinton Health Access Initiative and the Clinton Global Initiative—as well as its foreign subsidiaries.

This week, Ortel is starting to release his findings in the first of a series of up to 40 planned reports on his website. His allegation: “this is a charity fraud.”

The Sunday Times of London described Ortel as “one of the finest analysts of financial statements on the planet” in a 2009 story detailing the troubles at AIG.

“Where you or I see pages of numbers, [Ortel] sees a narrative,” wrote Sunday Times reporter Tim Rayment. “Sometimes the theme is a company’s potential for growth. Sometimes it is the prospect of self-destruction. And at times the story does not make sense, because the figures are hiding a fraud.”

Ortel turned his attention to the Clinton Foundation in February 2015. To learn more about the charity, he decided to take it apart and see how it worked.

“I decided, as I did with GE, let’s pick one that’s complicated,” said Ortel. “The Clinton Foundation is complicated, but it’s really very small compared to GE.”

When Ortel tried to match up the Clinton Foundation’s tax filings with the disclosure reports from its major donors, he said he started to find problems.

“I decided it would be fun to cross-check what their donors thought they did when they donated to the Clinton Foundation, and that’s when I got really irritated,” he said. “There are massive discrepancies between what some of the major donors say they gave to the Clinton Foundation to do, and what the Clinton Foundation said what they got from the donors and what they did with it.”

Last year, the Clinton Foundation was forced to issue corrected tax filings for several years to correct donation errors. But Ortel said many of the discrepancies remain.

“I’m against charity fraud. I think people in both parties are against charity fraud, and this is a charity fraud,” he said.

A spokesperson for the Clinton Foundation did not comment on the claims.

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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.

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