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SELLING

October 1, 2109. We added to the GAINM position on Friday, as discussed here last week.

The end of the month, and we see a very large number of Core Portfolio dividend payments coming in. 🙂

SELL the Core Portfolio position UTF. This holding is now at sky high levels. It has been rising steadily but we are now getting nervous. With a humongous 75% Total Return, this is one of the best performing positions that we have ever had. Yes it may go higher, but we have learned it is usually smart to take your profits.

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We have read Matt Taibbi in Rolling Stone and other publications for decades. Altho he is one of those radical liberals, he is so smart that we were always interested in what he was preaching. His new book is so interesting and funny that we recommend you read it.

More and more people here in Illinois are leaving the potentially bankrupt state. The socialist liberals keep raising the taxes and people are just fed up. (The median salary for nearly 18,000 teachers employed by CPS as of June was $78,169, according to an analysis of CPS data.) Well, the situation is the same in California.

Pasted below is part of the article: link here:

https://www.zerohedge.com/personal-finance/its-time-go-over-half-all-california-voters-have-considered-leaving-state

Yes, there are some California residents that continue to insist that it is a great place to live.

But if California is so wonderful, why have more than half of all California voters “considered leaving the state”?  The following comes from the Los Angeles Times

Just over half of California’s registered voters have considered leaving the state, with soaring housing costs cited as the most common reason for wanting to move, according to a new poll.

Young voters were especially likely to cite unaffordable housing as a reason for leaving, according to the latest latest UC Berkeley Institute of Governmental Studies poll conducted for the Los Angeles Times. But a different group, conservatives, also frequently suggested they wanted to leave — and for a very different reason: They feel alienated from the state’s political culture.

With the way the state is being run, conservatives have been moving out of California in large numbers for years.  In fact, I have a number of really good friends that left the state for political reasons and will never return.

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