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BUY BSL AT RIGHT PRICE

Welcome to the 6th year of Dividend Income Investor.
Before buying any investment, go to Core Portfolio for a listing of current positions.

 

May 29, 2018.  We have been looking at several positions for potential buys:  BGH, HYHG and BSL.  And we have been looking at numerous low-coupon Corporate Bonds that we can sell. 

The three positions mentioned above pay between 6 and 10%, double and triple what the bonds are paying.  Obviously you take on MORE RISK when buying exchange traded funds and closed end funds.

Today we are selling the Ventas bond.  We will be selling bonds that are listed in the Core Portfolio within the next few weeks.

Today we are placing a limit buy order on BSL for $17.66.  It is already at $17.79.  We will watch and try and buy at lower prices.  This is a floating rate income fund (CEF) and below is a description.

From Quantumonline.com

FUND DESCRIPTION: Blackstone / GSO Senior Floating Rate Term Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund’s primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. FUND STRATEGY: Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in Senior Loans. Senior Loans are made to U.S. and, to a limited extent, non-U.S. corporations, partnerships and other business entities which operate in various industries and geographical regions. Senior Loans pay interest at rates which are determined periodically on the basis of a floating base lending rate, primarily the London-Interbank Offered Rate, plus a premium. Senior Loans typically are of below investment grade quality. Below investment grade quality securities (including Senior Loans) are those that, at the time of investment, are rated Ba1 or lower by Moody’s Investors Service, Inc. and BB+ or lower by Standard & Poor’s Corporation Ratings Group or Fitch Ratings, Inc., or if unrated are determined by the Adviser to be of comparable quality. Below investment grade securities, commonly referred to as “junk” or “high yield” securities, are high risk and have speculative characteristics. The Fund may invest up to 20% of its Managed Assets in (i) loan interests that are not secured by any collateral of the Borrower, (ii) loan interests that have a lower than first lien priority on collateral of the Borrower, (iii) other income producing securities (including, without limitation, U.S. government debt securities and investment and non-investment grade, subordinated and unsubordinated corporate debt securities), (iv) warrants and equity securities issued by a Borrower or its affiliates as part of a package of investments in the Borrower or its affiliates and (v) structured products (including, without limitation, collateralized loan obligations, credit linked notes and derivatives, including credit derivatives).

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Godless, available on Netflix, is probably one of the best ‘westerns’ you will ever see.  We continue to be amazed at the quality found on Netflix.  Watch this one.

Here is the website link:  GODLESS

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Going way back to our high school days, we have always been fascinated with UFOs.  And more and more people are becoming convinced that we are being visited by aliens.  This vid caught our eye and is really interesting.

Nearly half of Americans believe in aliens, and almost as many believe aliens are visiting earth, according to a new survey. However, less than 20% believe in alien abduction, and a bit less than that claim to have seen a UFO.
20th Century Fox Home Entertainment commissioned the survey as part of their promotional campaign for the blu-ray release of the movie Phoenix Forgotten. More than 1700 Americans were surveyed.

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