July 19, 2016
UPDATE: PSAPRD is the ticker.
Public Storage is a strong and safe REIT. They have just issued a new preferred at 4.95%. Many advisors and investors would not be interested in the “low” rate, but we like this issue for the safety and relatively good yield–compared to getting virtually nothing on CDs and almost nothing on Treasuries.
We already own one Public Storage issue.
PBSDP is the temporary ticker and we suggest buying at any price under $25.00. As we write this the price is $24.85.
Public Storage is an American international self storage company headquartered in Glendale, California that is run as a real estate investment trust. It is the largest brand of self-storage services in the US.
REMEMBER if rates start to rise significantly over the next year or two we will sell this issue. Preferreds are good until rates rise……..
STAR TREK opens this week. Can’t wait!!!!!!
BOOKS Crisis of Character by Byrne. We were looking forward to reading yet another tome about the corrupt Clintons. Unfortunately most of the book is filler and very little talks about the Clintons. Borrow from your library but do not waste your money on this rip off.
The folks who are paying for the free stuff, because
The folks who are paying for the free stuff can no longer Afford to pay for both the free stuff and their own stuff.
And the folks who are paying for the free stuff
And the folks who are getting the free stuff want even more Free stuff on top of the free stuff they are already getting!
Now… The people who are forcing the people who pay
For the free stuff have told the people who are RECEIVING
The free stuff that the people who are PAYING for the Free stuff are being mean, prejudiced, and racist.
So… The people who are GETTING the free stuff have been convinced they need to hate the people who are paying for the Free stuff by the people who are forcing some people to pay for their free stuff and giving them the free stuff in the first place.
We have let the free stuff giving go on for so long that there are now more people getting free stuff than paying for the Free stuff.
Now understand this. All great democracies have committed financial suicide somewhere between200 and 250 years after being founded.
The voters figured out they could vote themselves money from the treasury by electing people who promised to give them money from the treasury in exchange for electing them.
The United States officially became a Republic in 1776, 238 years ago.
The number of people now getting free stuff outnumbers the people paying for the free stuff.
Failure to change that spells the end of the United States as we know it.