October 10, 2017
We are selling two Corporate Bonds.
-We want to raise our cash position.
-We have a significant increase in the value of the bonds PLUS with the dividends received we have a very good Total Return. Taking profits.
-They have relatively low yields so time to find something better.
-HCP stock is declining and we don’t want to hang around.
40414LAM1 HCP. 5.5% price gain (plus dividends received)
29273RBD0 ETP. 7.1% price gain (plus dividends received).
Stock ‘buy-backs’ and the ‘hope’ that the new tax plan is voted in, continues to drive the stock market to new heights. As we mentioned before, IF the tax plan is NOT approved, we may see a decline in the stock market.