Archive | May 2017

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GSLGF OFFERING 8.6%

May 10 2017 GO TO CORE PORTFOLIO to see current positions. Shipper GasLog Partners is selling a new fixed to floating rate preferred with 8.6%.  We are buying a small position. We do not LOVE shippers having had poor luck in the past.  But a small position is ok to start and we can always […]

SELL BGT

May 9, 2017 Back in March, the technical indicators for BGT Blackrock Floating Rate Trust started to turn over.  The price continued flat BUT have now started to turn down.  We have a decent price appreciation and have received some modest dividends.  Even tho there is a dividend scheduled for May 11, we are NOT […]

BUYING SOME FOREIGN BONDS

May 5, 2017 We have never been excited about getting into foreign markets.  But we have been looking at FAX Aberdeen Asia Pacific Income Fund which owns bonds from Australia, India and Indonesia (about 50% of the portfolio). The bonds are good quality and FAX is paying 8.4%…..nice!!! Back in January 2013 this thing was […]

SELL BDCS NOW

May 4, 2017 (Update:  We saw this printed May 5) GSBD reports NII of $0.4941 compared to projected $0.50, last year’s $0.58, and a dividend of $0.45. TII was $32.192 million compared to a projected $32.770 million. NAV falls from $18.31 to $18.26 – the second straight quarter with a small NAV fall. These are […]

SELL GSBD RIGHT NOW

May 4, 2017 We lucked out with the Goldman Sachs BDC.  We not only have huge price appreciation but also very nice dividend checks. The indicators are turning DOWN:  it appears to be unusual and we did not expect this declining trend but we do not argue with the charts.  We are taking our very […]

BUY FOR NICE 7% RETURN

May 4, 2017 We are buying another propane dealer Corporate Bond:  Ferrellgas The bond pays a nice 7.11% IF held to maturity. Matures May 2021 CUSIP:  315292AM4 Go to this link for a detailed description.  This bond has a little risk but as usual we see NO problem with holding this to maturity. http://bond-yields.com/grab-ferrellgas-9-yield-to-maturity-maturing-june-2020/ GO […]

SOLD UNG. WATCHING CCP

May 3, 2017 We sold UNG at a small loss. Watching CCP to buy at lower prices.  The indicators are down and if we get close to $25.00 it is a BUY.  Do not buy right now, wait. _____ Moneyshow.com is an organization that holds large financial forums several times a year all across the […]