UPDATE FRIDAY: It looks like we missed HYHG as the damn thing just keeps going up…..so it looks like other buyers were also interested in this position. We made a mistake in not buying at lower prices.
Still trying to get NSS. The momentum is still down, but the prices don’t budge. We may buy at higher prices on Monday.
Despite SPY gains Friday, the momentum is still down. This correction is not over in our opinion.
October 11, 2018. Yesterday we expressed interest in buying HYHG. A Buy Limit Order is now placed at $67.07. This order may not get filled, but we are willing to increase the price if necessary: we want to own this. There is an ask right now at $67.21 which is actually ok to buy now if you do not want to wait for lower prices.
We hold UTF in the Core Portfolio which pays 8.44%. There is a link below to a positive article on UTF.
Infrastructure spending is necessary to maintain the framework of society. Furthermore, this is a defensive sector by nature, and can outperform during periods of economic weakness.
UTF gives instant access to a wide array of infrastructure sectors and stocks while paying an attractive 8.4% dividend yield. This is a CEF that should be held as long-term investment. Income investors who buy and hold are set to be paid an attractive monthly dividend, in addition to getting exposure to one of the strongest business models out there. The next special dividend should be paid soon, in January 2019! Shares are an attractive buy for income and long-term capital gains. UTF has the potential to be a big winner in your high dividend portfolio.
The current pullback in the high-yield space offers a unique buying opportunity. We have been taking advantage to add new positions to our portfolio.
The Upcoming Bond Bull Market………..a discussion on LOWER rates
Wednesday, October 10, 2018
Republicans are madder about the Kavanaugh controversy than Democrats are and more determined to vote in the upcoming elections because of it.
A new Rasmussen Reports national telephone and online survey finds that 54% of all Likely U.S. Voters say they are more likely to vote in the upcoming midterm elections because of the controversy surrounding President Trump’s U.S. Supreme Court nominee. Only nine percent (9%) say they are less likely to vote. Thirty-four percent (34%) say the controversy will have no impact on their vote. (To see survey question wording, click here.)
Sixty-two percent (62%) of Republicans are more likely to vote because of the Kavanaugh controversy, compared to 54% of Democrats and 46% of voters not affiliated with either major political party.