December 31, 2018. Wow the dividend payments are really rolling in. This is what the dividend game is all about: the holdings are dropping in price but the divvies keep arriving.
We are probably entering a bottoming process. But are we out of the woods yet? Of course not. History tells us that this process can last for months and give us whip-saw action.
It is very possible we will get one or two LOWER LOWS. In other words, we could spikes DOWN and test the lows. So we may not have seen the worst.
We continue holding all positions in the Core Portfolio with the understanding that we continue getting the dividends (income) during this terrible period in the markets. We have sold NO holdings during this down-turn, and have in effect been selectively buying. As we said last week, almost all Core Portfolio positions are ON SALE, and are buys at these bargain levels.
Of course the problem is, who in the hell has the guts to buy during the turmoil. As Buffett said, buy when there is blood in the streets.
If you can’t sleep and nights, and want to throw in the towel, we suggest you hold off. You may in fact be selling at the lows right now and therefore locking in your losses.
The highest rated analyst at seekingalpha.com is suggesting BPR as a top selection right now. We already own a Brookfield Corporate Bond so we will not be buying BPR…..but you should consider. It pays 8%.
Here is an excellent article from the experts talking about the markets.
We didn’t realize it was THIS BAD.
More than 700,000 Americans died from drug overdoses from 1999 to 2017, about 10% of them in 2017 alone, according to a new report published by the US Centers for Disease Control and Prevention (CDC). In total, there were a staggering 70,237 drug overdose deaths last year, which is more deaths than all US military fatal casualties of the Vietnam War. Opioids were involved in 67.8%, or 47,600 of those deaths. Of those opioid-related overdose deaths, 59.8% of them, or 28,466, were due to synthetic opioids.