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February 1, 2017

Selling DLTNX.  We have held DLTNX for a long time, and as it turns out, too long.  With rates on the rise, it is time to get rid of this position.

The price has been declining and we have been hesitant to sell.  This was a mistake.

But altho the position is showing a loss, we have earned significant dividends over the years.  So………the total return is quite positive.  The dividends have far out-paced the price decline.  We are selling with a significant profit……. but having said that, we should have sold long ago.


Funny cartoon:

So glad to see Trump trying to get rid of illegal welfare:

Remove the welfare magnet that attracts so many to cross the border illegally, stop the 25 year US war in the Middle East, and end the drug war that incentivizes smugglers to cross the border.

The various taxpayer-funded programs that benefit illegal immigrants in the United States, such as direct financial transfers, medical benefits, food assistance, and education, cost an estimated $100 billion dollars per year. That is a significant burden on citizens and legal residents. The promise of free money, free food, free education, and free medical care if you cross the border illegally is a powerful incentive for people to do so. It especially makes no sense for the United States government to provide these services to those who are not in the US legally.

The Washington Post reports that The Trump administration is considering a plan to weed out would-be immigrants who are likely to require public assistance, as well as to deport — when possible — immigrants already living in the United States who depend on taxpayer help, according to a draft executive order obtained by The Washington Post.


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