Leave a comment

BUY TDA 5.85% TELEPHONE AND DATA SYSTEMS. GOLD GGN STILL LOOKS GOOD FOR LONG TERM INVESTMENT

Welcome to Dividend Income Advisor

Friday

UPDATE:  As we write this, the stock market is down 230.  The Fed is once again yammering about raising rates.  There is virtually no chance of this happening before the election, as the Establishment wants Clinton to win.  And rising rates would kill her chances.  We anticipate Obama and the administration will put pressure on the Fed to hold off on any increases.

The Core Portfolio is dependent on low rates.  If the morons at the Fed insist on raising rates despite all the evidence of a poor economy, this may seriously affect the Core Portfolio.(we saw a significant decline on Friday, and this was just based on threats of rising rates)  We would have to consider selling all positions in the Portfolio.

For now we are waiting and watching.

Image result for 9-11 anniversary

September 8, 2016

We have been watching TDA for weeks, trying to ADD to our position.  We already own a small amount.

If you do not own TDA bonds this is a good time to get in.

We suggest buying at any price under $25.00…the “ask” is right now $25.08.  So we would be willing to buy UP to $25.10.

The bonds are potentially callable at $25.00 in December 2017 so you really cannot lose on this thing, unless they go bankrupt….and you earn dividends in the meantime.

“Telephone & Data Systems Inc. TDS and its wireless subsidiary United States Cellular Corp. USM reported strong financial results in the second quarter of 2016, wherein both the top and the bottom lines surpassed the respective Zacks Consensus Estimate.

As of Jun 30, 2016, Telephone & Data Systems had 590,200 residential wireline connections, up 0.4% year over year.The company exited the reported quarter with 334,900 commercial wireline connections, down 4.5% year over year.Total cable connections were 287,600, up 5.4% year over year.

On the other hand, U.S. Cellular exited the second quarter with a subscriber base of 4,973,000 compared with 4,779,000 at the end of the year-ago quarter. The postpaid subscriber base was 4,490,000 compared with 4,324,000 at the end of the prior-year quarter. The prepaid subscriber base totaled 413,000 compared with 368,000 at the end of the year-ago quarter.”

_____

We are still suggesting GGN the gold position for long term investors:  meaning 5-10 years. 

_____

The Clinton Foundation is a giant charity fraud.  Go here http://charlesortel.com/

To informed analysts, the Clinton Foundation appears to be a rogue charity that has neither been organized nor operated lawfully from inception in October 1997 to date–as you will grow to realize, it is a case study in international charity fraud, of mammoth proportions.

_____

Consumer Auto Loan Industry Collapsing.  Hillary says everything wonderful!!!!

http://www.zerohedge.com/news/2016-09-07/one-trillion-dollar-consumer-auto-loan-bubble-beginning-burst

Already, auto loan delinquencies are rising to very frightening levels.  In July, 60 day subprime loan delinquencies were up 13 percent on a month-over-month basis and were up 17 percent compared to the same month last year.

Prime delinquencies were up 12 percent on a month-over-month basis and were up 21 percent compared to the same month last year.

We have a huge crisis on our hands, and major auto lenders are setting aside massive amounts of cash in order to try to cover these losses.  The following comes from USA Today

 

In a quarterly filing with the Securities and Exchange Commission, Ford reported in the first half of this year it allowed $449 million for credit losses, a 34% increase from the first half of 2015.

General Motors reported in a similar filing that it set aside $864 million for credit losses in that same period of 2016, up 14% from a year earlier.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: