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February 16, 2018

Several years ago, we started buying a few ‘distressed’ super junky individual corporate bonds.  So far we have been successful.

These bonds are rated CCC but they offer very high returns ie 15%.  We had very good luck with a ‘satellite’ bond which was sold at a very nice profit. Of course very little is invested:  usually $2000.

There are currently three of these bonds in the Core Portfolio and we are thinking about selling one today due to the significant price appreciation/profit.

Remember, these are for play money which you could afford to potentially lose altho we doubt that is going to happen.

Here is another one that we bought yesterday.  

REVLON:  Cusip:   761519BD8

Go to link for the full scoop:




Simon Black recently penned an interesting note on this:
“Less than two weeks ago, the United States Department of Treasury very quietly released its own internal projections for the federal government’s budget deficits over the next several years. And the numbers are pretty gruesome.

In order to plug the gaps from its soaring deficits, the Treasury Department expects to borrow nearly $1 trillion this fiscal year. Then nearly $1.1 trillion next fiscal year. And up to $1.3 trillion the year after that.

This means that the national debt will exceed $25 trillion by September 30, 2020.”

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