March 22, 2018
March 23: Update: The new budget bill is supportive of BDC’s and if passed will probably buy BDCS on Monday.
Update: Our broker has decided this is too risky and refused to fulfill any orders. LOL. They are conservative but we suggest you do buy if you are willing to take the risk. YOU CAN BUY BDCS WHICH PAYS 9%-WE WILL BUY.
BDCL is an “exchange traded note” that you buy if you want to take HIGH risk, BUT earn very high yield. In this case, 20%. WOW. We talked about BDCL a while back and have been waiting for some sign of life. It appears it is now rising out of a basing process, up 41 cents today.
We are buying a tiny, very small ‘starter’ position and will watch closely to see if we can add more shares. We owned this ETN many years back, and had good luck. Buy only a small position to start.
Here is some copy we saw in Forbes:
ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL)
Dividend Yield: 16.3%
The ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL) is an unorthodox twist on the popular ETF concept.
BDCL is an exchange-traded note (ETN), which in short means that instead of actually holding BDCs, it’s a debt instrument that simply tracks the performance of an index, dividends and all. In this case, BDCL does a little something extra. It not only tracks the Wells Fargo Business Development Company Index – an index of about 40 BDCs – but provides 2-times its daily performance and income.
From the new best-seller Secret Empires that was just released;
“Polls reveal that three out of four American believe that there is “widespread government corruption in Washington”.
You have to wonder why it isn’t four out of four lol.
Over the last 18-years, the Not-in-Labor-Force category (a BLS category that includes adults who are capable of working but are not looking for work) has grown at an incredible rate (39%) and number of citizens (26,857,000).
A major reason for the Not-in-Labor-Force growth is due to the exponential growth and financial attractiveness of U.S. welfare and social programs. While there is no evidence that people on welfare are immune to work, there is evidence that many recipients often lack the skills necessary to obtain the types of jobs that pay above-average wages, which, in turn, makes welfare and means-adjusted social benefits attractive. According to a CATO Institute study, “the current (U.S.) welfare system provides such a high level of benefits that it acts as a disincentive for work.” Furthermore, hundreds of federal, state and local welfare and social assistance programs have created a culture where beneficiaries have a “PhD-level” of understanding how to obtain a subsistence level income, which often requires non-reportable income derived in the underground economy.