Featured Articles
REITs Slammed
Tim McPartland | February 19, 2015
After a brief respite yesterday REITs got hammered today---off by over 2%. We had mentioned that down the road REITs would be back (price wise) and they will no doubt jump again--but probably only after they fall a bunch more. The 10 year treasury headed higher today after yesterdays fall on FED baloney.As we survey the REITs we see no reason…
FED Pumps Up the Interest Rate Complex
Tim McPartland | February 18, 2015
Today provided a bit of a respite to income investors as the 10 year treasury saw its yield drop by 6 basis points--of course this didn't happen until the FOMC released their minutes which promised patience in rate hikes. As has become normal the FED manipulates the markets any chance they get--we have lost any hope that markets will be…
Interest Rates Jump, Income Issues Fall
Tim McPartland | February 17, 2015
The 10 year treasury jumped by 10-12 basis points today, while REIT's, preferreds and closed end funds took a bit of a tumble. The fall in these securities was mild compared to what could have happened. One never knows from month to month how markets will react to rising rates so todays 1/2% loss in many income securities was a…
Running a Marathon, Not a Sprint
Tim McPartland | February 16, 2015
When we work on this website day after day we have to remind ourselves that the investment game is about a very long term race--not about getting to the finish line next month. Our goal last year and again this year has been a 7% return--rather modest we think, but one that fits our needs and aligns with our risk…
Housekeeping – Reader Notes
Tim McPartland | February 16, 2015
Thanks to Lionel, Rich and Jeff for sending notes on our typo on the Triangle 6.375% Notes (ticker:TCCB) which we typed 6.75% a number of times. We have corrected the errors.Deric asks about Glacier Water Trust preferred shares--he noted it was not on the new model. No meaning to that except we try to stay at $25 or very near…
