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March 2, 2018

The markets are really heating up.  We have had it so good for so long, it is hard to hold the emotions in check when you see huge swings.

We are making NO changes for now.  The Core Portfolio is holding up about as well as expected.  Remember that we hold numerous INDIVIDUAL bonds WITH THE EXPECTATION THEY ARE HELD TO MATURITY.  Do not make the mistake of getting nervous and selling….prices will decline as interest rates rise.  (Remember the dividends keep coming in.)  Again, we do not see significant interest rate hikes, despite what the fake news media is telling you.


LOL NOT even Democrats care about Russia.

One issue rarely cited: Russian meddling in U.S. elections. Fewer than one percent —just three Democrats and two independents among 1,000 registered voters surveyed — identified that as the most important issue to them.



Here is why the crooked politicians do NOT want to change gun laws:

If you add it all up — candidate and party contributions, independent expenditures, and lobbying — the NRA has spent $203.2 million on political activities since 1998.


We own LADR in the Core Portfolio.  Due to price appreciation, we would NOT be adding to this position.

Ladder Capital Corp. brings a lot to the table for income investors. The commercial real estate finance company has loaded up on floating-rate loans in the last several years, which are set to produce higher net interest income in a rising rate environment. Ladder Capital Corp. covers its dividend payout with core earnings rather easily, and recently hiked its dividend from $0.30/share to $0.315/share, reflecting an increase of 5 percent. An investment in LADR yields 8.5 percent and comes with upside. Buy for income and capital appreciation.


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