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January 4, 2017

We sold numerous positions as rising interest rates became apparent back in the fourth quarter of 2016.  Since the election we have added eight positions, two of which are Corporates.  They are performing as expected.

So the Core Portfolio now has 48 INDIVIDUAL Corporate Bonds (we do NOT like corporate bond Funds) and 20 other bond and gold positions.  We do not typically sell Corporates (preferring to hold to maturity) and they do not consume a lot of time.  (We have four Corporates that were purchased ON SALE that are now showing very nice gains………and it is tempting to sell and take the profits.)

The remaining 20 holdings are watched closely and it would probably be a good idea to pare down this long list…but for now it’s ok.

We do have a buy limit order for SCQ at $25.30.  This is a ‘get lucky’ order in that we will be lucky to get filled at this price:  we do NOT anticipate that we will get filled.  This is exchange traded debt:  baby-bond.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Stellus Capital Investment Corp., 6.50% Notes due 2019, issued in $25 denominations, redeemable at the issuer’s option on or after 4/30/2016 at $25 per note plus accrued and unpaid interest, and maturing 4/30/2019. Interest distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be 2/1, 5/1, 8/1 & 11/1 respectively


We just found this site within the last week and find it fascinating.

Atlas Obscura.  Almost like a National Geographic of the hidden gems of the world:  “11,000 curious places”.  Sit back in your armchair and discover the most interesting sites across the world.



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MOVIES.  Lion.  We strongly recommend you see this true story about an Indian boy that gets lost and ends up in Australia.  A true tear-jerker and profoundly inspiring film.


Please take our ten second POLL 

Obesity reaches epidemic levels.  Why do people insist on eating themselves into an early grave.  Have Americans lost all self-respect.


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