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SHOOT FIRST ASK QUESTIONS LATER

UPDATE:  Due to the enormous declines on Thursday, we decided to wait until Friday to see if the markets will settle down before making any sell decisions. February 27, 2020.  Yesterday morning while the markets were up 300-400 points, we sold two more positions.  The broad markets ended the day down.  And this morning, the […]

SELLING AWF

February 26, 2020.  The markets are coming back stronger than we expected today (temporarily) and we want to take advantage of the higher prices.  We have a Total Return of over 8% in AWF.  SELL AWF In our opinion, markets are going lower and we have not seen the bottom.  We are not willing to […]

SELL NGLPRB

February 26, 2020.  We are getting rid of another energy position, which has come up from it’s lows this morning. We have a Total Return of 20% when you add in the dividends received.  SELL NGLPRB  

GETTING REAL SERIOUS

Wow this hurts. February 26, 2020.  Financial markets are now oversold and we may get a significant rebound in the next few days.  So today is probably not the time to be selling. BUT, if we see higher highs this week, we will most likely be further reducing our risk by dumping more positions. LONG […]

INCREASING CASH

February 25, 2020.  Today, we sold an energy position for a tanker company that transports liquified natural gas.  This preferred was not listed in the Core Portfolio.  We made a very nice Total Return profit but demand for LNG is heading down due to the virus situation.  If you own similar positions, you should sell. […]

UPDATE

BIG SELL OFF TODAY. Monday.  The income oriented Core Portfolio is now down about ONE FOURTH that of the stock market.  In other words, the stock market is DOWN about four times more than the portfolio.  So that is the good news and about what we would expect. The Core Portfolio is now just under […]

D-DAY

CDC estimates that from 2010-2011 to 2017-2018, influenza-associated deaths in the United States ranged from a low of 12,000 (during 2011-2012) to a high of 79,000 (during 2017-2018). February 24, 2020.  Over the last few years or so we have been using Iron Mountain (IRM) as a ‘trading’ stock. (Typically we stay away from stocks […]