April 15, 2019. Significant snow in Chicago in mid-April. How weird.
New Readers: We invest primarily in individual bonds, term bond funds, with a smattering of BDCs, REITs and CEFs. Never, never buy annuities and non=traded REITs which are unmitigated rip-offs.
NOW IN OUR 6TH YEAR
NOTE TO NEW READERS: Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This blog is designed for investors seeking income. We buy long term holds and try to AVOID trading.
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We like to buy “on sale”.
RILYZ a Core Portfolio position took a hit on Friday after paying a huge 46 cent dividend. It closed at $24.76 on Friday and is a BUY. This thing is on sale and you can add or buy as a new position. Paying a very nice 7.57% today. Matures in 2027, a ‘term’ bond.
You can buy up to $25.00 but try to get RILYZ at a lower price.
B. Riley Financial, Inc. (“RILY”), is a publicly traded financial services company headquartered. Initially formed as an institutional brokerage firm, the company has expaned into investment banking, investment management and other financial services.
This is a good long term HOLD.