Welcome to Dividend Income Investor
September 19, 2016
The stock market will be quiet until the Fed meeting announcement on Wednesday.
As we have mentioned many times, it is very difficult to find positions at reasonable prices as income investors have driven prices to stratospheric heights due to the continued low interest policy of the Fed.
Our focus has been to buy”new” issues when possible which provides us the ability to get in at lower offering prices.
If you have been buying the positions in the Core Portfolio for any reasonable amount of time (and at much lower prices contrasted to where they are today), you are quite happy with the dividends that you are receiving.
We love Corporate Bonds but there are currently no bargains either….most high quality bonds are paying one to two percent. We have recently purchased a few risky corporates offering high rates. But we do NOT intend to continue this policy.
We ARE watching BKLN or FTSL for a buy which could be a good position in a rising rate environment.
Highly respected Kiplinger finance is offering a free copy of their ‘income’ newsletter. We suggest you take advantage of this opportunity. (We are not currently a subscriber to any Kiplinger publications nor any other paid financial newsletter for that matter.)