Financial Velociraptor

MLPs are a hassle. music selection:  “Misled” — Kool & The Gang A huge part of my overall strategy over the past several years has relied on having enough passive income to cover my budget.  Because of my small portfolio

Lizard King is trying to save the Universe. music selection:  “Misery Business” — Paramore It’s true. I’ve been with the Living Universe Foundation (LUF) for many years.  In that time, I’ve advocated for space development, and the environment.  Today, I

Several positions expired over the weekend. music selection:  “Lay Your Hands On Me” — Thompson Twins weigh-in:  207.6 +2.0 I collected 1,543 in profits on the positions that expired over the weekend.  That includes two covered calls and three net

Five more groaners. music selection:  “Soldiers” — Otherwise       Devour your prey raptors!

I bought another bond. The Gulfport Energy (GPOR) 6.625 coupon bond with 1MAY2023 maturity looks like a good value to me.  I purchased 9 units yesterday for 73.19 cents on the dollar.  The current yield is an impressive 9.05% and

Staying market neutral. music selection: “Ghost Of The Navigator” — Iron Maiden weigh-in:  205.6 n/c The market continues to be richly valued but lacking in direction.  The S&P is locked in a range near 3,000 and could stay there some

The weekly groaners music selection:  “Limelight” — Rush Devour your prey raptors!

Update CUSIP: 708130AD1 music selection:  “Limelight” — Rush I purchased the 1JUN2020  maturity 5.650 coupon JC Penny bond on 19JUL2019 for 89.9120 cents on the dollar.  If held to maturity, the expected yield is about 19.16%.  I hope to do

Staying market neutral. music selection:  “A Little Respect” — Erasure weigh-in:  205.6 +1.8 The market is still on shaky ground with high valuations, a long running bull market, a flat yield curve, trade worries, and weak economic data.  The long

Weekly groaners. music selection:  “The Things (That) I Used To Do” — Stevie Ray Vaughan Devour your prey raptors!