Welcome to Dividend Income Investor
It’s finally over. The wicked witch of the west was denied her life ambition. As it turns out, we are now learning that the rotten Obamacare was a deciding factor.
But as expected the markets don’t like the uncertainty of an unproven politician so the futures were lower up to the opening. But right now, the DOW is UP 150 pts.!!!!
Rates are heading up and bonds are selling off…which we anticipated and why we sold so many bond positions.
We were simply being very cautious. But we are now looking to BUY. Numerous positions are under consideration but nothing will be done today or possibly for the next few days….we have a large cash position waiting to be used. IF you own a lot of the corporate bonds that we list, be aware that the prices will probably decline. This is NOT a problem, as we keep them until maturity….and collect the dividends in the meantime.
How things change:
Marijuana legalized in four out of five potential states yesterday during the election.