March, 20, 2019, If you had owned ONLY stocks, the SPY which is the top 500 stocks, over the last 15 months, you would have a Total Return of 1%. That’s right, one percent.
If you owned our dividend paying Core Portfolio, you would be up around 5-6 percent. Quite a difference.
It is becoming obvious that Trump is going to have a very difficult time winning next year. The average American does not give a damn about N Korea, China or Mexico. They DO care about free college, reduced student loans, free health care, and taxing the rich. Voters really do not care how the government is going to pay for it. The ultra left liberals have a very good chance next year. Of course Trump’s continued Twitter tirades don’t help the matter.
We bought CGBD back in June 2017. The total dividends received do NOT equal the stock value which is DOWN 17%. So in terms of total returns, we are in the RED on this position. Bummer.
We have continued to hold this damn thing in hopes that we could at least break even. So far, no dice. There is an article in SeekingAlpha.com which suggests you BUY CGBD. This highly regarded author explains all the reasons for the poor performance and makes the case for adding this to your portfolio.
We have no intention of adding to our position, but we will CONTINUE to hold. The technical indicators are pointing UP and if you decide to buy, we suggest starting with a small amount.
CGBD is currently underpriced compared to its peer group which are BDCs with higher quality management and portfolios, excellent dividend coverage and current dividend yields between 9% and 10%.
Some of the potential reasons for being underpriced include the recent NAV decline that is partially due to the Q4 2018 special dividend and higher quality management conservatively valuing the portfolio as well as semiannual releases of pre-IPO shares “that puts enormous technical pressure on the stock”.
CNN went to the U.S.-Mexico border and actually found–and interviewed–Latinos who support President Donald Trump and his border wall.
On Monday’s Erin Burnett OutFront, CNN’s Miguel Marquez noted that 34% of Latinos approved of Trump in a recent CNN poll. He said, as a puzzled Erin Burnett looked on, that though a majority of Latinos disapprove of Trump, there are plenty who live along the U.S.-Mexico border who support Trump, believe that there is a “national emergency” at the border, and would like to see the size of the border wall “doubled” or “tripled.”