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ODDS N ENDS. SELLING BONDS—BUY YYY.

January 22, 2018

Can you believe what’s happening with General Electric.  The collapse of this iconic Company is almost unthinkable.  Many years ago we owned a large position in their baby bonds and did very well.  Happy we got out.

We have a 3% gain in three days on the recent purchase of BLOK.  We consider this a risky play, but it’s doing ok so far….at least for a few days!!!!!  The New York Times has an excellent article in the Sunday edition explaining the blockchain technology.

Depending on who you listen to, the stock market will collapse soon, OR continue upward forever…..lol  Our crystal ball remains broken, but it sure does appear that the UPWARD trend is the most likely.

Our book selections have been primarily political in the past year.  But we were really intrigued when we saw a discussion of COMING OUT UNDER FIRE.  The book describes in detail how the gay American soldiers were mistreated during WW2.  Most of our audience will have no interest in this story, but we do recommend it.  In the same vain, the movie Call Me By Your Name is excellent.

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After years of dithering around, and speculation on the direction of rates, it appears that interest rates are FINALLY going to start rising.  We do not anticipate huge increases, but they would negatively hurt our Corporate Bonds holdings.

So we are selling a number of LOW yield 3.0%+ bonds in the Core Portfolio.  The funds will be invested in YYY which pays over 8%.

This morning we sold the Celgene Corporate Bond.  The bond increased in value so we made a small profit and also collected the dividends.  We will be selling many more bonds and will list them tomorrow. 

 

The YieldShares High Income ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High Income™ Index. The Index is comprised of 30 closed-end funds (CEFs) ranked highest overall by the ISE in three criteria: fund yield, discount to net asset value and liquidity.

CHICAGO–(BUSINESS WIRE)–YieldShares, a wholly-owned subsidiary of Amplify ETFs and Sponsor of the YieldShares High Income ETF (NYSEArca:YYY), is proud to announce its flagship fund won the Multi-Asset ETF of the Year award at the 2017 Fund Action ETF Innovation Awards.

“Amplify’s YieldShares brand is focused on delivering new income investment strategies to ETF investors. YYY, the first fund in the YieldShares suite, is an index-based strategy that provides access to closed-end funds (CEFs) via the convenience and efficiency of an ETF. It’s an honor to see YYY named Multi-Asset ETF of the Year due to the formidable competition in this ETF segment,” said Christian Magoon, CEO and founder of Amplify ETFs and founder of YieldShares.

 

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