November 2, 2016
(Update) The majority of the portfolio is allocated to individual corporate bonds, and we continue to hold those. Rising rates will have minimal effect on our holdings, and it doesnt really matter as we hold to maturity. In other words, barring total bankruptcy, you will get your money back including the dividends.
We also continue holding the gold position GGN which pays a very nice dividend.)
With the uncertainty in this election cycle, we are NOT going to bury our head in the sand and wait to see how it turns out.
We are expecting a rate increase in December….and we are seeing declining momentum in the preferred and baby bond positions. So preventive measures are warranted.
Place SELL STOP good till cancel orders on the list below. You can place stops five to ten cents below the current bid. We have profits and dividends, so these are NOT losers.
We are NOT saying to SELL right now. We ARE saying you should place sell stops in case they do go down further.
LMRKO, ABRN, NGLSPRA AND AFSS
Is Hill headin to the jailhouse?????
Similarly, over on Fox News, Special Report anchor Bret Baier dropped another bombshell on Wednesday night:
Two separate sources with intimate knowledge of the FBI investigations into the Clinton emails and the Clinton Foundation tell Fox the following: The investigation into the Clinton Foundation, looking into possible pay-for-play interaction between Secretary of State Hillary Clinton and the Foundation has been going on for more than a year led by the White Collar Crime Division, Public Corruption Branch of the Criminal Investigative Division of the FBI. The Clinton Foundation investigation is a ‘very high priority.’ Agents have interviewed and re-interviewed multiple people about the Foundation case and even before the WikiLeaks dumps these sources said agents had collected a great deal of evidence. Pressed on that, one source said ‘a lot of it, and there is an avalanche of new information coming in every day—some of it from WikiLeaks, some from new emails.’ The agents are actively and aggressively pursuing this case and they will be going back and interviewing the same people again, some for the third time. As a result of the limited immunity deals to top aides including Cheryl Mills and Heather Samuelson, the Justice Department had tentatively agreed that the Justice Department would destroy those laptops after a narrow review. We are told definitively that has not happened and those devices are currently in the FBI field office here in Washington, D.C., and are being exploited. The source points out any immunity deal is null and void if any subject has lied at any point in the investigation.
CLICK HERE for Dividend Income Investor Core Portfolio showing current holdings. WARNING: MOST OF OUR POSITIONS ARE INTEREST RATE SENSITIVE. WE HAVE BEEN SELLING SOME POSITIONS IN ANTICIPATION OF POSSIBLE INTEREST RATE HIKES.