Leave a comment

NOT OUR FIRST RODEO

January 9, 2020. We have seen this before. The markets are now severely over bought BUT seemingly want to continue higher. We may see a pull back.

We continue to suggest that you exercise caution in buying new stock or bond positions. Having lived thru several large market declines, we can confirm that the pain is really tough to take.

We have sold some positions, and are HESITATING on buying or adding to the Core Portfolio. The best approach right now is to simply observe and do nothing…and be prepared to sell. WE ARE STILL INVESTED IN ALL CORE PORTFOLIO POSITIONS

Which bring us to inverse funds. If SPY declines, you may want to consider shorting stocks using SH, which goes UP when SPY goes down.

Trump Golf Count: Tracking President Trump's golfing so you don't have to! Trump Star, Trump International, Trump Policies, Golf Outing, Golf Player, Counting, Golf Carts, Obama, Donald Trump

Trump Doesn’t Want Voters to Know How Much His Family’s Trips Cost Taxpayers. This is really shocking. GO HERE FOR ARTICLE

Inflation is running up to 13%, NOT the 2% the lying government is telling us. GO HERE for the website.

NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About Our host WordPress is running ads in the blog and we receive NO compensation from this advertising.

Leave a comment

SLEEP MODE

January 8, 2020. The cash allocation in the Core Portfolio is now up to 12% with our anticipation that a small ‘temporary’ pullback is coming in the financial markets. There are still two open buy orders for GSBD and BIZD but it appears we will NOT immediately see the lower prices that we want: altho that could happen if the markets decline in the next few weeks.

We don’t watch the ‘fake news’ CNN and NBC television, but we do read about their disgusting “World War Three is coming” screaming over the last few days. It makes you sick. As we write this, SPY is actually up 5 points waiting for Trump to speak.

We are in a ‘wait and see’ mode, not expecting to sell or buy anything: but as soon as we say that, we end up buying a new position. There is a NEW issue coming soon that looks enticing.

__________

What happened to Stern??? Click here for full Howard Stern article.

Stern’s transformation reached its apotheosis when, on December 4, he welcomed Hillary Clinton into his studio for more than two hours. Even for a longtime fan who’d watched Stern’s persona shift over the years, I found the man who interviewed Hillary barely recognizable. Finally he was the shock jock he had always been accused of being—because his relentless flattery of the former First Lady was truly shocking. It was as if he were determined to prove that he could fawn over Hillary more fervently than her most ardent supporter. “My fantasy,” he told her, “was not only to meet you but to tell you what a hero you are to me. . . . You had the expertise I wanted in a president. . . . I wanted you to be president so bad.”

———-

The awards are off by about 6 percent in viewers vs. NBC’s 2019 broadcast and fall double digits in the 18-49 demo.

The Golden Globe Awards came down some vs. last year’s broadcast, but the show still put up healthy numbers compared to the rest of network TV this season.

The Ricky Gervais-hosted awards drew an average of 14.76 million viewers and a 3.8 rating among adults 18-49 in the fast nationals, down 6 percent in viewers and about 16 percent in the demo from preliminary figures in 2019. Fast national ratings are not very reliable for live broadcasts, and Sunday’s numbers should adjust up by a good amount — although they’re on track to bring in the smallest audience since 2012 (which was Gervais’ third time as host).

Leave a comment

PLACING SELL ORDER

January 6, 2020. UPDATE: Sell right now at market price. We are placing a SELL LIMIT GTC order on TCRZ, a position in the Core Portfolio. This issue may be called at $25, and we want to sell it before the call. The price right now is $25.39 and the sell limit order is at $25.44. If it appears the price will not hit the $25.44 level, we will sell immediately…..there is a very small profit in this trade.

__________

Known for being the last to buy new technology (microwaves!, iPhone) we finally decided to look at cordless headphones. The cord with the old style cans were just a pain in the ass always getting caught around something: the gym machines or the bike handle bars.

So off to Amazon to look at the hundreds of possibilities. Who knew every company in the world was making cordless headphones.

Not wanting to invest over $300 in Boze (our preferred brand) at least to start, we just wanted to buy a cheap alternative to see if we liked them. And if we lost them by dropping over the side of the boat into the water, (yes it has happened with other items) or got lost, or simply broke, there would be no big loss.

Believe it or not, we found a set for $20……yeah, twenty whole dollars. Amazing. More shocking, they are easy to link, easy to use, and seem to work very well. At least so far. Most importantly we no longer have to worry about tangled cords. Isn’t technology wonderful.

Image result for The Amazing Mrs Maisel

Movies/Television: Speaking of Amazon, The Marvelous Mrs. Maisel is probably one of the best series we have ever seen. Evidently this is a very popular Amazon series, and is about the trials and tribulations of a female comedian in the 60s. The costumes and sets are absolutely stunning.

Leave a comment

SELL SAB

January 3, 2020. A large chunk of our SAB position was recently called. With the expectation that the remaining small position will be called at $25.00, we SOLD SAB at a higher price, giving us a profit.

There is another Core Portfolio position that we are looking at that may be called in the near future. So a sell order may be placed on Monday.

Here is an interesting link to the annual Breitbart fake news awards.

Here are the third annual Breitbart News Awards for fake news and overall bias and bad behavior.

https://www.breitbart.com/the-media/2020/01/01/nolte-the-2019-breitbart-news-fake-news-awards/

NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About Our host WordPress is running ads in the blog and we receive NO compensation from this advertising.

Leave a comment

SELL ORDER-STAYING DILIGENT

January 2, 2020. Last week we placed some buy limit orders and was hoping to pick up some positions “on sale”. It appears right now that the chances of these orders getting filled are “slim and none.”

BUT……..with the markets up 175 points, the Core Portfolio is actually in the RED this morning. As we have been saying, you have to stay diligent as a minor correction may be coming….and it looks like some INCOME investors are ALREADY selling. We obviously don’t know for sure what is going on but we are staying diligent.

We are going to hold the two BUY orders as they may get filled if the markets decline. We are thinking about selling positions, and reducing the size of other positions where we have significant profits. Today a SELL LIMT GTC order has been placed for HTPRD at $24.95-if filled would give us a tiny profit.

The good news: we received a LOT of dividend payments over the last week. And the momentum indicators for SPY, IWM and XLF (the big three) are still positive.

We DON’T know WHEN this bull market will end. We DO know it WILL end

Leave a comment

EVER HEARD OF STOCK BUYBACKS? PLACING TWO WAIT AND WATCH BUY ORDERS.

Image result for happy new year  2020

December 30, 2019. BIZD went ex dividend today. We have placed a BUY LIMIT GTC order at $16.20. It could take weeks to get filled, if it ever does. We will just wait and watch. Pays almost 9%.

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is comprised of BDCs. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held companies or thinly traded U.S. public companies.

GSBD went ex dividend today. We have placed a BUY LIMIT GTC order at $19.58. Wait and watch.

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.

There is a growing “general consensus” among the smart financial advisors we follow, that oil/pipelines are heading higher. We are holding two disastrous oil positions in the Core Portfolio only for the dividends, waiting to try and “get back to even.” We are NOT suggesting you buy these altho a lot of advisors are recommending these expecting them to go higher (we heard one on Fox Business this morning) but the link below talks about potential investments. (we hold two positions that are discussed)

Full Article

__________

We have talked about this many times: So WHY does the stock market keep going HIGHER.

“So, how is it that stocks remain near record highs? The primary culprit, as discussed previously, remains corporate buybacks which remain the primary source of market support in 2019. This is especially the case after US banks announced $129 bn in buybacks over the next 4-quarters.

“So, how is it that stocks remain near record highs? The primary culprit, as discussed previously, remains corporate buybacks which remain the primary source of market support in 2019. This is especially the case after US banks announced $129 bn in buybacks over the next 4-quarters.

Buybacks, according to BofA, are on pace for a record at $43B so far this year versus just $75B for the entirety of 2018. This suggests a record of over $1 trillion in S&P 500 buybacks for 2019.”

NOW IN OUR 8TH 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. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About Our host WordPress is running ads in the blog and we receive NO compensation from this advertising.

Leave a comment

OUT ON A LIMB

December 27, 2019. GBDC GOLUB We bought GBDC in October and it is already up 3%. Here is a positive article that was published today.

EPR is going ex-dividend Monday and we MAY be buying as a new position. We still anticipate a pull-back in Jan/Feb and it may be smart to just wait before making any decisions.

__________

We keep repeating that ‘you should be diligent.’ in your portfolios. Markets keep going straight up, and we all know this cannot go on forever. Here is some copy from a seekingalpha.com article talking about a possible pull-back in January.

The S&P 500 is now trading in rarified air. Never mind the fact that the benchmark index is now trading around its highest post crisis multiple at more than 24.3 times trailing 12-month GAAP earnings, as valuations often do not matter until they suddenly matter a whole lot. Not only are stocks now heavily overbought on both a relative strength and momentum basis, but the S&P 500 also is trading more than +4% above its 50-day (blue line in the chart above), +9% above its 200-day (red line), and +12% above its 400-day (pink line) moving averages.

U.S. stocks are now primed for a correction. The S&P 500 has traded at or above these premia to its moving averages on only three prior occasions over the past six calendar year. The first took place in January 2014, and U.S. stocks subsequently corrected by more than -6%. The next occurred in early March 2017, and stocks proceeded to fall by more than -3% over the next month. The third came in January 2018, and stocks subsequently fell by -12% in struggling over the next three months.

When should we expect this stock correction to take place? Not right away. It’s Christmas time, and Santa Claus is likely to continue delivering in full for the U.S. stock market at least through the start of 2020. If history is any guide, investors reasonably should not expect any potential correction to take hold until the second full week of January roughly three weeks from now. This gives stocks time to consolidate recent gains if the S&P 500 trades sideways from here. Conversely, this also gives stocks the chance to reach an even higher perch from which to correct if the S&P 500 continues to rise.

__________

Have you ever heard of Democrap Tom Steyer? Spending 81 MILLION and still at 1% in polls. LOLOL.

Democrat billionaire and impeachment obsessive Tom Steyer has spent over $81,000,000 on campaign ads according to numbers released by CNN via Kantar.

The climate change champion, however, is polling at an average of just 1.3 per cent according to RealClearPolitics’ average.

__________

We continued to learn more about the long-term effects of vaping and e-cigarette use Monday. A first-of-its kind study published in the American Journal of Preventive Medicine found that even moderately extended use of e-cigarettes raise users’ risk for lung illnesses and respiratory conditions like chronic obstructive respiratory disease (COPD) and asthma. FULL ARTICLE

__________

Since we are heavy bond investors this chart was interesting. As beginning investors back in the ancient 1980s, we had NO knowledge of bonds. So the chart showing the lack of knowledge in bonds in not real surprising. FULL ARTICLE

“I do not understand it at all” with regard to the following types of bonds: Treasuries, 39%; municipal bonds, 45%; high-yield bonds, 46%; corporate bonds, 51%; structured products, 53%; Treasury Inflation Protected Securities, 63%.

%d bloggers like this: