Yes ! And the blimp is filled with rice phart gas….. u like flied lice?
Democrats killed off Glass-Stegall regulations leading to social injustice and more poor people.
Leading to home foreclosures and loss of retirement investments. Wall street #$%$s lead Obama
by the nose since he has no economic or financial experience. Obama has not put in jail a single #$%$ banker or #$%$ regulator, like Timothy Geithner or Hank Paulson.
Why pass up ATT profits buying and selling. i got dividends and capital gains. Trick is to wait
for a low price and don’t get greedy. I am out of T now, waiting for next price collapse. Got to
be patient. 'Buy and hold’ strategy is advice from bad stock brokers years ago to cover their #$%$ for
bad advice to customers.
FFC computes 33% based on paid capital, plus borrowed money, when borrowed money
actually equals 50% of paid shares. 7% distributions will end when Fed borrowing rates increase.
Without any leverage, distributions here would be about 4.2%. BBB
because many people are keeping cash outside banks and outside of investing in market risk.
FFC is a pretty good alternative to cash, but with more risk than cash. Sudden economic events
could even shock FFC to drop in price at the middle east and Europe become explosive. BBB
With negative interest rates, you get back less than your deposit.
Negative interest rates is clearly an attempt to get public to borrow money, especially in Europe now.
I will not bite that bank ploy, forcing going into debt. There is too much economic risk in the world and
U.S. to take out personal loans. Savers are money ahead to hide their money, than pay a bank for a
deposit. Checking accounts are necessary to pay routine bills however.
That’s just an 8% yield on a $14.96 price for a semi-risky investment.
FFC pays a much safer 7.0% as a preferred closed end fund.
However if the price of oil goes up, MVO can yield a capital gain.
MVO could go lower if WTI drops to $35 bucks for a prolonged time.
Low crude price is a planned economic weapon against Russia, Venezuela,
Libyia and other Arab and Commie producers. Saudi Arabia is in on the plan
to also kill of tar sands and shale fracking in the U.S.
Reason may be that BPT is a much better known and larger Trust. There is much concern about
MVO’s next quarterly distribution. The low MVO price is a market adjustment to maintain % yield on an
expected 30% lower distribution. BBB