November 22, 2016
We had been looking at PCI for a week but could not seem to pull the trigger. But today there was an excellent article in http://www.seekingalpha.com that gives a detailed description of this closed end fund. The link is below and we suggest you look at it. We are not going into detail other than to say PCI invests in mortgage related securities and is another position (in the Core Portfolio) that is good to own in a rising rate environment.
It pays almost 10%.
NEW POLITICO/MORNING CONSULT POLL — “Poll: Trump’s popularity soars after election,” by Anna Palmer: “Donald Trump’s popularity is rising in the days since his election, according to a new POLITICO/Morning Consult poll of registered voters. Forty-six percent of voters now have a very favorable or somewhat favorable opinion of the president-elect. Twelve percent have a somewhat unfavorable opinion and 34 percent have a very unfavorable opinion of him. It’s a dramatic uptick since the election. Trump’s favorability has grown 9 points, 37 percent to 46 percent, compared to a Morning Consult poll right before the election — while his unfavorability has dropped 15 points, from 61 percent to 46 percent.” http://politi.co/2guxGGX
CLICK HERE for Dividend Income Investor Core Portfolio showing current holdings. We have been selling interest rate sensitive positions and buying investments that may do well in a rising rate environment.