Archive | November 2019

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BUYING-but be diligent

November 29, 2019. The continued rise of the financial markets is really something to behold. It would appear there is no ceiling and CNBC and Fox Business are orgasmic over new highs. At an age where we have lived thru booms and busts, we can tell you this WILL end…….younger readers take note! Probably not […]

SELL LTSL

November 20, 2019. We are getting crucified on LTSL. We are learning over the last 24 hours that this investment is much worse than we had understood. As tough as it is, we are taking the loss. We plan on selling LTSL today. We recently added GBDC to the Core Portfolio. Today SeekingAlpha.com published an […]

8 YEARS

November 18, 2019. Time flies when you are having fun. It is hard to believe that we started this blog seven years ago. Yes we are entering the 8th year. Due to time constraints there have been thoughts about stopping this time consuming project….you wouldn’t believe it but this thing takes a lot of time. […]

SELL UNIT BOND

November 14, 2019. News on UNIT Corporate Bond held in the Core Portfolio CUSIP 909218AB5 : It is reported that UNT the parent Company be offering around $700 per bond, probably tomorrow. This bond has been collapsing. We ARE selling the bonds as soon as we get information on the offer. Altho we never want […]

MIC CONTINUE TO HOLD THIS DOG

November 14, 2019. We have mentioned on several occasions that MIC has been one of the worst positions in the Core Portfolio. MIC has been held for years specifically to collect the dividends while waiting for recovery. Now we learn that MIC may be sold. MIC continues to be a HOLD. Here is the full […]

RISING RATES

RISING RATES HURT CORE PORTFOLIO November 11. 2019. The 10 year treasury closed at 1.93% last week. Rising rates knock preferreds and baby bonds down and we are expecting declines in the next three months. It is not fun to see paper losses in the portfolio but this is not permanent: and we continue getting […]

AWF-ADDING

November 8, 2109. We are ADDING to AWF, a position in the Core Portfolio. So far, we have a total return of 9% with AWF. BUY at $11.94. __________ If you talk to a thousand investors, you will see a 1,000 different styles. Stock trading, value investing, dividend investing, bonds, put/calls. As we have talked […]