Everyone knows that I tried to steer everything toward a corporate bond strategy and was even going to quit this blog. Sadly, for me anyway… I totally misread my own audience. As I sought to ramp up a corporate bond blog site, and post convincing essays that investing in the right corporate bonds, at the right time… both the selection and timing of which would be far simpler than stocks, and would result in a pre-calculated return that would be safer, more probable and even greater than with stocks… I was convincing NOBODY!
That’s right. Readership went away, and the personal contacts to me with questions were indicative that those who were reading, were not comprehending the basic ‘rules’ that were being laid down. The first of which was… this was no time to be a buyer of corporate bonds, but that they were setting up for a great opportunity, which should come our way beginning in 2017. The second was that this could not be done with any bond funds, as they are going to get crushed when the demands for redemption of shares ramps up and they can’t sell enough bonds quickly enough to meet those demands.
There’s a third, lesser, but personal reason, as well. The brokerage I work with, eOption, has made it clear to me that through their bond desk, they will not acquire for account holders corporate bonds that are less than investment-grade. Now, I knew there were firms that had such a rule, so it did not surprise me too terribly when I learned of that. But, the aggravation to me is that I will have to move my accounts if I want to participate in the very corporate bond strategy I had been posting about. It’s not that I am not willing to do that, it’s just that I’m currently aggravated at the thought of it, and don’t want to deal with any such thing as that at this present time.
So, I said all that to say, I’m going to get back to the business I’d been writing about here, and had specialized in and doing well with since its inception. I can find, with the program I employ, the “Safe-Dividend Growers;” those stocks that are growing their business at a rate that allows them to safely raise their dividend to shareholders at a rate that handily beats inflation.
If I’ve upset you at all by my trying to switch from this to that, and back again, please understand that I have only been trying to bring that which is in the very best interest of you all. I’ll make mention of matters, as they pertain to the corporate bond market, right here, and maybe even re-start a new blog about them later on, as circumstances might warrant.
For now, I want to update the timer. We were so close to signaling. I knew it was aiming at the election as a low-risk entry point. That was side-lined when FBI Director Comey shut down the Clinton email investigation in a news release Sunday the 6th. The result of which was a market reversal to the upside that began the next day. And, then, of course, the Trump win Tuesday night, Wednesday morning, really set things aboil for a spell. The timer is likely signaling high risk, but, as I said, I need to update it. Then, get back to finding great safe-dividend growing stocks.
Look for immediate updates shortly…..
Here’s to your successful investing!
Harold F Crowell