Blogger Display of Images:
I have noticed two recent problems involving Blogger's display of images.
Sometime the image does not load. That can frequently be cured by reloading the page. If the image icon is clicked, the image will display in a separate window.
The other problem is that many images appeared to be blurred when reading the text. This started to occur last week and has impacted historical posts as well. The image is not blurred when it is clicked for separate viewing from the text. For some images, I was able to reduce the blurring by increasing the size of the image to large, starting with this post only.
Increasing the the size to extra large improved the image quality but also cut off part of the image when published, but not in the draft stage.
I do not know whether those issues were intentionally created by Blogger or issues that will be fixed in time.
Snapshot of trades are included simply to show that I am actually risking my money.
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Dollar Value of Trades Discussed in this Post:
Inflow Small Ball Common Stocks/Stock Fund (Item # 2): $660.5
Outflow Common Stocks (Item # 3): $1,074.85 (2 stocks)
I am close to do doing nothing other than buying short term investment grade corporate bonds.
Realized Gains Common Stock: $73.95
Net Outflow Stocks/Stocks Funds
Corporate Bonds (Item # 1): $24,000 in principal amount (total cost at $23,657.58).
22 out of the 24 bonds purchased and discussed below mature in 2027.
Treasury Bills Purchased at Auction (Item # 7): $10,000 in principal amount
I have temporarily deemphasized T Bill purchases in favor of using most proceeds from maturing T Bills to buy short term investment grade corporate bonds.
Inflow Exchange Traded FM Bonds (Item #5): $298.73
Inflow REIT Equity Preferred Stocks (Item # 4): $378.65
Inflow "Preferred" Stock ETFs (Item # 6): $86
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Economy:
BLS March Jobs Report: Employment Situation Summary - 2026 M03 Results
+170,000, better then the consensus estimate of 54,000. Healthcare added 76,000
Prior 2 months: Reduced by 7,000
First 3 Months Average Job Growth: 68,000 per month
Average hourly earnings: +.02%
Annual average hourly earnings: 3.5% (The annual increase was the lowest since May 2021)
Overall, I would still describe the U.S. labor market as weak.
Average work week: +.1 hour to 34.2 hours
U-6 Number: +.1% to 8%; Table A-15. Alternative measures of labor underutilization - 2026 M03 Results
Discussed at Jobs report March 2026:
I view this report as positive enough that the Fed will remain on hold given the inflation concerns.
Labor market growth stalled in 2025 (181,000 jobs added compared to 1.45 million in 2024).
Oracle lays off up to 30,000 staff with 6am email-The Independent (4/1/26)
China suppliers warn of higher U.S. prices due to Hormuz closure
Trump threatens to destroy Iranian infrastructure
Trump oscillates throughout the day threatening to turn Iran back to the Stone Age unless the Strait of Hormuz is opened for safe passage immediately and claiming it is up to European and Asian countries to reopen the Strait while insulting them for the reluctance.
Trump orders 100% tariff on brand-name drugs, changes to steel tariff; Trump slaps 100% tariff on some pharmaceutical drugs via executive order - ABC News
Trump and His Orwellian, Anti-Democracy Party:
America Is Now a Rogue Superpower - The Atlantic
Trump slams allies — the US 'won't be there to help you anymore'
In one of his latest temper tantrums, Trump threatened to pull the U.S. out of NATO, referring to our NATO allies as "paper tigers" Trump threatens to QUIT 'paper tiger' NATO- YouTube; Trump suggests in new interviews he is ‘absolutely’ considering withdrawing US from ‘paper tiger’ NATO That put a smile on Putin's face as did Trump threatening to invade Greenland, the sovereign territory of Denmark. 'We need to own Greenland!' - Trump THREATENS to take Greenland - YouTube
On reopening the Strait of Hormuz, Trump tries to shift responsibility away from US - ABC News
Trump claims that it would be easy for France, the U.K. and Asian countries to secure the Strait of Hormuz. While accompanying vessels through the Strait, maybe some of their ships will be subject to machine gun fire from the shore, which is the threat as described by Trump, rather than missiles and drones, but those countries too cowardly to go get the oil themselves according to Trump's insults and diatribes. Trump: "You can take a machine gun from the shore, shoot a little few bullets at a ship, or maybe an over-the-shoulder missile." Donald Trump struggles to claim victory as he edges toward ending Iran war
Trump views false statements, threats, punishments and insults as the preferred ways to govern.
If it is so easy to open the Strait, why does Trump avoid doing it using the U.S. Navy. The answer is that he knows that U.S. sailors would be killed and possibly one or more U.S. warships would be destroyed, not by machine gun fire from the coast, but by coordinated ballistic missiles and drone attacks include submersible drones that Iran has. US Navy’s New Strait of Hormuz Nightmare: Iran’s ‘Azhdar’ Stealth Underwater Drone Could Disrupt Global Shipping and Redefine Naval Warfare - Defence Security Asia Ukraine has used water drones effectively to damage and sink Russian warships.
Then, soon after Trump claims it is up to European and Asian countries to open the Strait, Trump publishes a "Truth" Social message that the U.S. can take the Strait and Iran's Oil:
'No air defenses': Trump, Hegseth touted American dominance in Iran before jet was downed - ABC News
Hegseth ousts Army Chief of Staff Gen. Randy George - ABC News
Exclusive: US intelligence assesses Iran maintains significant missile launching capability, sources say | CNN Politics; US intelligence. says half of Iran's weapons arsenal still intact, officials disagree | The Jerusalem Post; US intelligence said to assess around half of Iran’s missile launchers still intact | The Times of Israel If true, the American public has been mislead by Trump and Hegseth on Iran's missile capabilities. The problem is no claim made by Trump and Hegseth can be taken at face value. The most rational approach IMO to their representations is to simply assume they are false or at best misleading until there is reliable evidence supporting their claims. Trump is the primary source of Fake News in the World today IMO.
Iran has ports on the southern coast of the Caspian Sea. Russia has ports on the western side of this inland sea. It is geographically possible for Russia to supply weapons through this route.
How Russia and China are winning the war in Iran | PIIE
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Trump says it's 'not possible' for the U.S. to pay for Medicaid, Medicare and day care: 'We’re fighting wars Trump wants to increase the annual defense budget to $1.5 trillion and reduce non-defense spending by 10%. Trump: "It’s not possible for us to take care of day care, Medicaid, Medicare - all these individual things. They can do it on a state basis. You can’t do it on a federal." This is part of the Republican America First plan. Trump's statements are part of a video that was posted at the White House website that was quickly deleted but nonetheless captured before deletion by numerous news organizations. Trump: It's 'not possible' for U.S. to pay for daycare, Medicaid and Medicare - YouTube; Trump says it is 'not possible' to pay for day care and Medicare because U.S. is at war;'We're fighting wars, we can't take care of daycare': Trump’s remark on escalating Iran war - YouTube
Rubio Says Iran Should Spend on Its People Instead of Funding Military, as Trump Requests $1.5T for Pentagon Rubio: "Imagine an Iran that, instead of spending their wealth, billions of dollars, supporting terrorists or weapons, had spent that money helping the people of Iran."
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Trump signs executive order aiming to restrict mail-in voting, a move that's likely to face legal challenges - CBS News; Trump Signs Executive Order To Create Nationwide List Of Eligible Voters If states do not comply with this EO, Trump will order funding to be cut off. He has also instructed the Post Office to refuse delivery of any mail-in ballot unless the identify of the person is first confirmed using the Social Security database.
Multiple lawsuits have been filed already challenging the constitutionality of that EO. A similar one was already found to be unconstitutional by a federal district court judge who issued an injunction preventing its enforcement. In bad news for Trump, judge who blocked his last anti-voting order will hear challenge to new one - Democracy Docket; Voting Rights Groups Challenge Executive Order on Mail-In Ballots as Illegal Interference in Elections | League of Women Voters; Civil rights groups sue Trump administration over order to limit mail-in voting | US voting rights | The Guardian; Campaign Legal Center Sues Trump Administration Over Another Unconstitutional Voting Executive Order | Campaign Legal Center
As noted previously, Trump has no proof that mail-in voting results in any meaningful voter fraud. Consequently, his attempts to ban or limit mail-in voting has only 1 purpose, not the one that he claims, but suppression of lawful voting, a long time republican policy objective.
As a practical matter, the Post Office is not set up to compare the name on a mail-in ballot with SS numbers. Multiple mistakes will be made that will disenfranchise lawful voters. Can our American King just order the PO to refuse delivery of mail by an Executive Order? I doubt it, but have not researched the issue.
There are numerous other legal issues that will most likely result in a federal district court enjoining the enforcement of the EO including Trump's power to constitutionally interfere with how the states conduct elections and his power to prevent the Post Office from delivering mail-in ballots or even requiring the PO to check voter identifications with SS information before sending a ballot.
This is being done by Trump solely as part of his ongoing voter suppression effort supported by republican politicians in the House and Senate. Trump presents as usual no proof that mail in voting results in anything close material voter fraud since he has none. The Facts About Mail-In Voting Fraud Are Dead People Voting by Mail: Evidence from Washington State Administrative Data; Mail voting fraud: Data points to low risk and high benefits for voters | Brookings All previous studies have found that there is no evidence of any material fraud through mail-in voting, but that is irrelevant to republicans who are concerned about losing elections and consequently will do whatever they can to limit lawful voting, particularly by those who do not vote the right way. When pursuing their authoritarian agenda, facts are irrelevant to republicans since merely stating a conclusion without supporting evidence is viewed as proof of the conclusions truth, a basic authoritarian approach to governing (Big Brother (Nineteen Eighty-Four) - Wikipedia)
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Judge rules Trump's directive cutting off funding for NPR and PBS violates the First Amendment
Republicans Eye Cutting Health Care To Pay For Iran War
Trump’s proposed gold statue in his library ‘looks awfully familiar’ to dictators; Plans for gaudy Trump presidential library in Miami spark ridicule -The Guardian The proposed gold statue of Trump does resemble one of North Korea's Kim.
'Construction has to stop!': Federal judge halts White House ballroom construction - ABC News By demolishing the entire East Wing of this historic building, Trump treated the White House as if he owned the property. The gaudy ballroom design that I have seen, with its Corinthian columns, look like something that a Roman emperor would want. Karoline Leavitt rages after NYT experts shred Trump’s ballroom plans | The Independent
I suspect Bondi was fired since she was unsuccessful in pursuing Trump vengeance campaign. Bondi and Blanche have severely damaged the reputation and credibility of the DOJ. Both are Trump toadies, subservient to his will.
Hegseth prays for 'overwhelming violence' at Pentagon's monthly Christian service - YouTube The Pope rebuked Hegseth. Pope seems to rebuke Hegseth in remarks about leaders with ‘hands full of blood’ | Pope Leo XIV | The Guardian
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I have not seen Trump's Easter Message yet, so I thought that would reference the one he made in 2025:
This video discusses the Chosen One's 2024 Easter Message: David French on Trump's Easter post: A display of venom and hatred - YouTube
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1. Corporate Bonds: 24
As previously discussed, I am using proceeds from maturing treasury bills to increase my short term investment grade corporate bond allocation.
The reason is the higher yields and the minimal interest rate risk given the short maturities. I live in Tennessee that does not have a state income tax. Consequently, the after tax yield from corporate bond and treasury interest payments will be the same for me.
Given the number of different bonds being purchased, I have cut off discussing purchases made after last Monday (3/30) and will discuss those in my next post.
I purchase corporate bonds at discounts to par value.
The "profit" realized upon redemption is generally characterized as realized market discount and taxed as interest income rather than as a capital gain. Some realized gains are taxed as short term capital gains when the holding period is short term, which results in the same tax treatment as interest income.
The following snapshot is one page from my 2025 tax return:
Turbotax collects the realized market discounts from my brokerage accounts and then itemizes them in an "additional interest". The total is then added as a line item in Schedule B. In my 2025 tax return, the following snapshot is page 7 of that itemization list:
When buying corporate bonds that mature in the following year at discounts to par value, I am also transferring the tax on the "profit" to the following year when holding the bond until the redemption, which I will always do for those bonds.
A. Bought 2 CNA Financial 3.45% SU Maturing on 8/15/27 at a Total Cost of 98.591:
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Issuer: CNA Financial Corp (CNA) at Google Finance
Total Cost: $1,971.82
CNA is an insurance holding company.
CNA is a publicly traded subsidiary of the holding company Loews Corp (L) who owns about 92% of the stock. Loews SEC Filed 2025 Annual Report at page 5 Loews has 4 "reportable segments comprised of three individual consolidated operating subsidiaries, CNA Financial Corporation, Boardwalk Pipeline Partners, LP and Loews Hotels Holding Corporation; and the Corporate segment. The Corporate segment is comprised of Loews Corporation, excluding these subsidiaries, and the equity method of accounting for Altium Packaging LLC, an unconsolidated subsidiary".
CNA Detailed Earnings Estimates - Zacks.com
CNA SEC Filed 2025 Annual Report
2025 Compared to 2024:
 |
| Page 30 |
SEC Fiiled Earnings Press Release for the Q/E 12/31/25
Finra Page: Bond Page | FINRA.org
Credit Ratings: Baa2/A-
YTM at Total Cost: 4.5075%
Current Yield at TC: 3.499%
B. Bought 2 CNA Financial 3.45% SU Maturing on 8/15/27 at a Total Cost of 98.476:
%203.45%25%208:15:27%20.png)
See Item # 1.A. Above
Total Cost: $1,969.52
YTM at Total Cost: 4.597%
Current Yield at TC: 3.503%
C. Bought 2 Capital One 3.75% SU Maturing on 3/8/27 at a Total Cost of 99.544 - Interactive Brokers Account:
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Issuer: Capital One Financial Corp (COF) at Google Finance
Total Cost: $1,990.88
Last May, Capital One completed the acquisition of Discover Financial Services whose bonds became COF obligations.Capital One Completes Acquisition of Discover
COF Detailed Earnings Estimates - Zacks.com
COF SEC Filed Earnings Press Release for the Q/E 12/31/25
Finra Page: Bond Page | FINRA.org
Credit Ratings:
YTM at Total Cost: 4.247%
Current yield at TC: 3.767%
Other Currently Owned Capital One SU Bonds:
4 of the 4.1% SU Maturing on 2/9/27, Bond Page | FINRA.org (originally issued by Discover Financial)
2025 Matured COF SU Bonds: 8 bonds, "Profit" of $180.86
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%20+$35.56.png){kind=small}
D. Bought 2 American Tower 3.125% SU Maturing on 1/15/27 at a Total Cost of 99.023 - Interactive Brokers Account:
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Issuer: American Tower Corp (AMT) at Google Finance
Total Cost: $1,980.46
SEC Filed Earnings Report for the Q/E 12/31/25
Finra Page: Bond Page | FINRA.org
Credit Ratings: Baa3/BBB+
YTM at Total Cost: 4.372%
Current Yield at TC: 3.156%
I am replacing 2 American Tower 4.4% SU bonds that matured earlier this year:
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E. Bought 2 Corebridge Financial 3.65% SU Maturing on 4/5/27 at a Total Cost of 99.133:
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SEC Filed Earnings Press Release for the Q/E 12/31/26
Finra Page: Bond Page | FINRA.org
Recent News: Corebridge Financial and Equitable Holdings Announce Transformational Merger (3/26/26); Corebridge, Equitable stocks get a bump after 'surprise' merger news | S&P Global; Corebridge and Equitable to merge in all-stock deal valuing combined company at $22bn - Reinsurance News; Fitch: Corebridge Financial's Outlook to Positive Following Merger with Equitable Holdings Fitch has a BBB+ rating on the SU debt. I currently own 4 Equitable Holdings 4.35% SU maturing on 4/20/28. Bond Page | FINRA.org While both stocks posted small gains on 3/26, they retreated the next falling over 8% on 3/27/26.
Credit Ratings: Baa2/BBB+
YTM at Total Cost: 4.534%
Current Yield at TC: 3.692%
F. Bought 2 ITC Holdings 3.35% SU Maturing on 11/15/27 at a Total Cost of 98.31 - Interactive Brokers Account:
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Issuer: ITC Holdings is a subsidiary of the utility holding company Fortis Inc (FTS) In the past I have owned FTS and Fortis SU bonds.
Total Cost: $1,966.2
ITC is the largest independent electricity transmission company in the U.S.
ITC 2025 Financial Information - Far Left Column:
Finra Page: Bond Page | FINRA.org
Credit Ratings: Baa2/BBB+
YTM at Total Cost: 4.432%
Current Yield at TC: 3.408%
G. Bought 2 Oracle 3.25% SU Maturing on 11/15/27 at a Total Cost of 97.698:
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Issuer: Oracle (ORCL) at Zacks
Total Cost: $1,953.96
ORCL Detailed Earnings Estimates - Zacks.com
ORCL SEC Filed Earnings Press Release for the Fiscal Quarter ending 2/28/26
Finra Page: Bond Page | FINRA.org
Credit Ratings: Baa2/BBB
YTM at Total Cost: 4.726%
Current Yield at TC: 3.327%
H. Bought 2 Sherwin Williams 3.45% SU Maturing on 6/1/27 at a Total Cost of 98.953:
%206:1:27%203.45%25%20.png)
Issuer: Sherwin-Williams Co (SHW) at Google Finance
Total Cost: $1,979.06
SHW Detailed Earnings Estimates - Zacks.com
SEC Filed Earnings Press Release for the Q/E 12/31/25
"Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson’s® WaterSeal®, Cabot®, Suvinil® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world."
Finra Page: Bond Page | FINRA.org
Credit Ratings: Baa2/BBB
YTM at Total Cost: 4.374%
Current Yield at TC: 3.387%
I am replacing with this purchase 2 of the 4 SU bonds that matured last year:
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| IB Account |
%20+$52.92%20.png){kind=small} |
| Fidelity Account |
I. Bought 2 Amgen 4.05% SU Maturing on 8/18/29 at a Total Cost of 98.879:
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Issuer: Amgen Inc (AMGN) at Google Finance
Total Cost: $1,977.58
AMGN Detailed Earnings Estimates - Zacks.com
AMGN SEC Filed Earnings Press Release for the Q/E 12/31/25
Finra Page: Bond Page | FINRA.org
Credit Ratings: Baa1/BBB+
YTM at Total Cost: 4.41%
Current Yield at TC: 4.096%
I now own 4 bonds.
J. Bought 2 Eaton Vance 3.5% SU Maturing on 4/6/27 at a Total Cost of 99.271:
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Issuer: Eaton Vance was acquired by Morgan Stanley (MS) after this bond was issued. This bond has the same credit ratings as the ones issued by MS.
Total Cost: $1,985.42
Finra Page: Bond Page | FINRA.org
Credit Ratings: A1/A-
YTM at Total Cost: 4.242%
Current Yield at TC: 3.526%
K. Bought 2 Carlisle 3.75% SU Maturing on 12/1/27 at a Total Cost of 98.873:
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Issuer: Carlisle Companies Inc (CSL) at Google Finance
Total Cost: $1,977.46
CSL SEC Filed Earnings Press Release for the Q/E 12/31/25Arnl ment
"Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials ("CCM") and Carlisle Weatherproofing Technologies ("CWT") – and family of leading brands, Carlisle delivers innovative, labor reducing and environmentally responsible products and solutions to customers through the Carlisle Experience."
CSL Detailed Earnings Estimates - Zacks.com
Finra Page: Bond Page | FINRA.org
Credit Ratings: Baa2/BBB
YTM at Total Cost: 4.456%
Current Yield at TC: 3.793%
This is my first purchase of a CSL SU bond. I have never owned the common stock.
L. Bought 2 Bank of America 4.183 SU Maturing on 11/25/27 at a Total Cost of 99.633 - IB Account:
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Issuer: Bank of America (BAC) at Zacks
Total Cost: $1,922.66
BAC Detailed Earnings Estimates - Zacks.com
BAC SEC Filed Earnings Press Release for the Q/E 12/31/25
Finra Page: Bond Page | FINRA.org
Credit Ratings: A3/BBB+
YTM at Total Cost: 4.413%
Current Yield at TC: 4.198%
I am replacing 2 BAC SU bonds that matured earlier this year:
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2. Small Ball Common Stock Purchases:
I am cutting off discussion of common stock purchases and sales with trades made last Tuesday, 3/31/26.
A. Added to UDR - Bought 1 at $34.02; 1 at $33.63 (Schwab Account):
Quote: UDR (UDR) at MSN Money - Apartment REIT
Cost: $67.65
UDR, an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S. markets. As of December 31, 2025, UDR owned or had an ownership position in 60,941 apartment homes, including 300 apartment homes under development."
Last Discussed: Item # 1.D. Eliminated Duplicate Positions in UDR - Sold 24+ at $40.8 in Fidelity Account and 16 at $39.93 in my Vanguard Account (2/17/26 Post)(profit snapshot = $160.39) I discussed the last earnings report in that post. SEC Filed Earnings Press Release for the Q/E 12/31/25 and Supplemental
I will be replacing in this account the shares previously sold in other accounts, that is, no more than 40 more shares.
Investment Category: Equity REIT Common and Preferred Stock Basket Strategy
Last Buy Discussions: Item # 1.H. Added to UDR in Schwab Account - Bought 5 at $35; 5 at $34 (11/1/25 Post); Item # 1.A Added to UDR in Schwab Account - Bought 5 at $36.3; 5 at $35.9; 3 at $34.54 (10/11/25 Post)
New average cost per share: $38.74 (64+ shares)
Dividend: Quarterly at $.435 per share ($1.74 annually)
UDR, Inc Dividend History & Date | Seeking Alpha
Effective for the next dividend, I changed my dividend option to reinvestment.
Yield at 38.82: 4.49%
Next Ex Dividend: 4/15/26
Currently Owned UDR SU Bonds: 16
Rated BBB+/Baa1
4 Maturing on 9/1/26, 2026 UDR 2.9% SU
5 Maturing on 9/1/27, 2027 UDR 3.5% SU
3 Maturing on 1/15/28, 2028 UDR 3.5% SU
4 Maturing on 1/26/29, 2029 UDR 4.4% SU
Once I receive the proceeds from the 4 bonds maturing on 9/1/26, I will focus some attention on possibly acquiring UDR SU bonds maturing in 2030 or later.
I also own the equity preferred stock UMHPRD which I discuss in Items 4.A. and 4.B. below.
B. Added to KBWY in Fidelity Account - Bought 5 at $15.41; 5 at $15.12:
Quote: Invesco KBW Premium Yield Equity REIT ETF (KBWY) at MSN Money
Cost: $152.65
This ETF owns the highest yielding equity REITs which amounts to a collection of the riskiest ones IMO.
Sponsor's website: Invesco KBW Premium Yield Equity REIT ETF
Expense ratio: .35%
Number of Holdings: 30
KBWY Morningstar Page Currently rated 1 star.
Risk Evaluation: High IMO. I currently own 17 of the stocks owned by this fund. They are not quality equity REITs IMO. Many have cut their dividends over the past several years. I would describe them generally as the riskier equity REITs with significantly higher dividend yields than the quality ones.
Last Sell Discussion: Item # 3.E. Pared KBWY - Sold 10 at $20.54; 17+ at $20.63 (10/16/24 Post)(profit snapshot = $11.39). I sold my highest cost lots.
Last Discussed: Item # 2.A. Added to KBWY - Bought 2 at $15.97+; 2 at $15.88 (2/11/26 Post); Item # 1.J. Added to KBWY in Fidelity Account - Bought 5 at $15.49; 5 at $15.23 (10/11/25 Post)
New Average cost per share this account: $15.92 (66+ shares)
Reduced from $16.04.
Dividends: Monthly at a variable rate.
KBWY Stock Dividend History & Date | Seeking Alpha
The monthly dividends per share generally fall over the past year have ranged from a low of $.12485 to $.12615. The trend is slightly down as some of the owned stocks have cut their dividends. If I used as an average $.12485 for illustration purposes, the annual dividend would be about $1.5 per share which produces a 9.41% dividend yield at a $15.92 average cost per share.
Last Ex Dividend: 3/23/26
Goal: Any total return in excess of the dividends paid
C. Added to BRT in Fidelity Account: - Bought 5 at $13.36:
Quote: BRT Apartments Corp (BRT) at Google Finance - Internally managed and small Apartment REIT
Cost: $66.8
Investment Category: Equity REIT Common and Preferred Stock Basket Strategy
BRT SEC Filed 2025 Annual Report
New average cost per share this account: $14.12 (30+ shares)
This is standard small ball trading, which is primarily a risk reduction strategy expressed in terms of the dollar amount invested, averaging down and then considering to sell the highest cost shares when and if it becomes profitable. My primary focus is harvesting the dividend as a supplement to my interest income, with capital gains being secondary.
Reduced from this account.
Dividend: Quarterly at $.25 per share
BRT Stock Dividend History & Date | Seeking Alpha
Yield at $14.12: 7.08%
Last Ex Dividend: 3/27/26
Last Earnings Report (Q/E 12/31/25): I discussed this report in a recent post and have nothing further to add here. Item # 5.A. Added to BRT in Schwab Account - Bought 5 at $14.14; 5 at $13.7 (3/23/26); SEC Filing
D. Added to XRN in Schwab Account - Bought 5 at $32.9:
Quote: Chiron Real Estate Inc (XRN) at Google Finance - A Small Healthcare REIT
Cost: $164.5
There was a 1 for 5 reverse stock split last August.
XRN is primarily a net lease REIT:
189 properties with approximately 5.1M square feet and 96% leased. SEC Filing Titled "Building for the Future
This REIT recently changed its name and symbol from Global Medical REIT (GMRE). In the link section to the right, the new reference is to XRN-GMRE. I am not changing the symbol reference for the equity preferred stocks whose symbols are now XRNPRA (formerly GMREPRA) and XRNPRB (formerly GMREPRB), both of which are owned in multiple accounts.
New Average Cost per share this account: $34.23 (35+ shares)
 |
| Snapshot Intraday on 3/31/26 after XRN add |
The preceding snapshot includes the two XRN preferred stocks that are owned in my Schwab Account.
Dividend: Monthly at $.25 per share ($3 annually)
XRN Dividend History & Date | Seeking Alpha
I am reinvesting the dividend in this account.
Yield at $34.26: 8.764%
Next Ex Dividend: 4/20/26
Last Earnings Report (Q/E 12/31/25):
SEC Filed Press Release and SEC Filed Supplemental
Weighted average shares: 14.516M
Revenues: $38.392M, up from $35.357M
GAAP E.P.S. ($.55), down from $.10
The 2025 4th quarter had an impairment charge of $6.73M relating to a facility located in Melbourne, Florida which was sold. That non-cash charge is added back to the GAAP number in the FFO calculation, see table below.
{There was a $6.3M charge earlier in 2025 for an Aurora, Illinois facility, page 34, 10-Q for the Q/E 9/30/25. While it is correct to add back an impairment charge to GAAP when calculating FFO, impairment charges can not be ignored IMO. The facility has been sold. "Prior to completion of the sale of its facility in Aurora, IL, the Company recognized an impairment charge of $6.3 million. This facility was used as administrative space for a healthcare system tenant, and after the COVID-19 pandemic, the healthcare system reduced its administrative space usage and thus did not renew its lease." SEC Filing}
FFO per share: $.97, up from $.77
Core FFO per share: $1.16, up from $1.09
Funds Available for Distribution (FAD) = $.91
FAD Calculation: 13.191M ÷ 14.516M shares = $.9086 per share
Quarterly dividend at $.75 per share.
Reconciliation:
 |
| Page 7, Supplemental |
I view the FAD per share to be the most relevant cash flow number. The dividend needs to be comfortably below that number IMO which was the case for the 2025 4th quarter.
E. Added to MAA in Schwab Account - Bought 1 at $121.3:
Quote: Mid-America Apartment Communities Inc (MAA) at Google Finance -Large Apartment REIT and a Component of the S&P 500.
Investment Category: Equity REIT Common and Preferred Stock Basket Strategy
Website: MAA - Apartment Communities in the Southeast & Southwest
Last Discussed: Item # 1.G. Added to MAA in Schwab Account - Bought 1 at $134.4; 1 at $132.2 (1/15/26 Post)
Last Elimination: Item # 1.E. Eliminated MAA - Sold 5 at $169.88 (3/18/25 Post)(profit snapshot = $222.26).
New Average cost per share this account: $130.72 (12+ shares)
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| Snapshot Using Closing Price as of 3/2/26 |
Dividend: Quarterly at $1.53 per share ($6.12 annually), last raised from $1.515 effective for the 2026 first quarter payment. The rate was at $.82 in the 2026 first quarter.
MAA Dividend History & Date | Seeking Alpha
Dividends MAA | Luxury Apartment Rentals
Yield at $130.72: 4.7%
Last Ex Dividend: 1/15/26
Last Earnings Report (Q/E 12/31/25):
Revenues: $555.56M
E.P.S. $.48
FFO Per Share: $1.79
Core FFO per share: $2.23
Core AFFO per share: $1.91, exceeds the dividend.
FAD (Funds Available for Distribution) per share: $1.39
The FAD number is calculated differently from other Apartment REITs, based on my recollections. The Core AFFO number adjusts the Core FFO down by by $38.26M for recurring capital expenditures. This is normally the only capital expenditure deducted from FFO. Other FAD calculations do not include the other capital expenditure adjustments identified and deducted by MAA from Core AFFO in its FAD calculation. Those cash expenses include revenue enhancing capital expenditures and redevelopment expenses.
2025 Core AFFO per share: $7.61, down from $7.94 in 2024.
2025 FAD per share: $5.8 per share, down from $6.22
IMO, those numbers explain the weakness in the share price over the past year or so. I do not believe it is possible to predict when there will be a more positive trajectory.
The primary problems appears to me to be over supply leading to restraints on rent increases, and even decreases in many regions, while costs rise at a faster percentage pace than the rent increases, or inflation and demand/supply related issues.
Apartment rents just dropped to the lowest level in 4 years
Reconciliation (not blurred when clicking):
A few possible trends or events may improve the demand/supply issue.
One is the growing unaffordability of first home purchases.
Another one, more difficult to measure, is the possible passage of a housing affordability bill by Congress that could result in fewer homes being built.
This is a complex subject and involves preventing institutional investors from buying new homes and renting them out. Many housing developments are built and sold to companies, including several REITs, that rent out those homes to those wanting the single family home experience while paying in many cases no more to rent the home than the apartment, as more fully detailed in this articles: Trump ban on investor homebuying may sacrifice bigger real estate deal; Build-to-rent: what it is and why it’s growing in popularity | realtor.com The result is that an estimated 40,000 homes per year will not be built. which will intensify the single family home shortage and will force thousands against their will to rent an apartment since that is all that is available after a shrinkage in the available homes to rent. The end result could make housing more unaffordable.
F. Added to Lotto ACCO - Bought 30 at $2.92:
Quote: ACCO Brands Corp (ACCO) at Google Finance
Cost: $87.6
Investment Category: Lottery Ticket Basket
ACCO SEC Filed 2025 Annual Report
Website: ACCO Brands
ACCO Detailed Earnings Estimates - Zacks.com
New average cost per share: $3.37 (153+ shares)
Reduced from $3.57
Dividend: Quarterly at $.075 per share ($.30 annually)
I have changed my dividend option to reinvestment effective for the last dividend.
Yield at $3.37: 8.9%
Last Ex Dividend: 3/20/26
Last Sell Discussion: Item # 2.F. Sold 10 ACCO at $6.46 (1/12/24 Post)(profit snapshot = $14.07)
Last Earnings Report (Q/E 12/31/25): I discussed this report in a recent post and have nothing further to add here: Item # 5.B. Added to ACCO - Bought 30 at $3.3; 20 at $3.15 (5/23/26 Post);
G. Added to SLG in Fidelity Account - Bought 1 at $35:
Quote: SL Green Realty (SLG) at MSN Money
Homepage - SL Green - NYC's Largest Commercial Landlord
This REIT is still in a slow recovery phase from the pandemic and the work-from-home trend. The stock was trading at over $101 in February 2021.
I am proceeding with extreme caution with this stock since it requires ignoring what may prove to be a continuation of short term problems and instead "betting" on a long term recovery in prime NYC real estate. The short term problems include a possible dividend cut, high leverage and refinancing costs, and rent concessions given in lease negotiations.
Properties - Prime NYC Offices
New average cost per share this account: $42.21 (6 shares)
Reduced from $43.65
Dividend: Quarterly at $.6175 ($2.72 annually), recently reduced from a $3.09 annual payment.
SLG Dividend History & Date | Seeking Alpha
SLG last paid a monthly common stock dividend in December 2025. There was an announcement that the monthly payments would cease with that payment and future dividends would be on a quarterly basis.
The Board announced thereafter that a quarterly common share dividend will be paid in cash at $.6175 per share ($2.72 annually). SL Green Realty Corp. Announces Annual Ordinary Dividend of $2.47 per Share (also declared the dividend on the SLGPRI preferred stock)
The monthly dividends had been at $.2575 per share, or $3.09 annually, so this new rate is a dividend cut. For the preferred shareholder, cuts in the common share dividend is a positive since more cash is available to support the preferred dividend. A preferred shareholder is fine with a $.01 cash dividend paid on the common shares, since that is sufficient to activate the Stopper Clause requiring payment of the preferred stock dividend.
However, the common share dividend slashes indicate that the company is financially strained and needs to cut the common dividend.
Yield at $42.21: 5.85%
SLG bought its joint venture partners' combined 39.48% interest for just $5.1M and a modification and extension of a $170M mortgage. "The mortgage modification extended the maturity date from
SL Green Announces Acquisition of Park Avenue Tower (10/15/25) SLG "announced that it has entered into a contract to acquire
The SLG Chief Investment Officer made this comment: "Park Avenue Tower is strategically located and well-leased at below-market rents, offering significant upside as vacancy in the
SL Green Completes $1.4 Billion Refinancing of 11 Madison Avenue (9/22/25)
SL Green Announces Acquisition of 346 Madison Avenue (9/2/25) SLG "has entered into a contract to purchase
SL Green’s Office Leasing Volume Reaches 2.3 Million Square Feet in 2025 to Date (12/5/25)
3. Small Ball Common Stock Sales:
A. Eliminated LYB - Sold 10+ at $80.97:
Quote: LyondellBasell Industries NV (LYB) at MSN Money
Proceeds: $881.65
LYB: Detailed Earnings Estimates - Zacks.com
Dividends: Quarterly at $.69 per share ($2.76), slashed from $1.37 effective for the 2026 first quarter payment.
LYB Stock Dividend History & Date | Seeking Alpha
I did own a few LYB shares in this account when the company paid a $5.02 per share special dividend.
Last Ex Dividend: 3/2/26 (owned as of)
Profit Snapshot: Net of $50.31
Last Earnings Report (Q/E 12/31/25): I discussed the last earnings report in this post: Item # 1.G. Eliminated Duplicate Position in LYB - Sold 2+ $56.56 (2/11/26 Post)(profit snapshot = $24.56). I mentioned in that post that LYB had not yet cut its dividend as other chemical companies have done in response to weak demand. I noted that the dividend was not safe and was "surprised" it had "not yet been slashed". The dividend was slashed a few days after that post was published. Demand for chemical products has been lackluster for about 3 years now, indicating that the world economy is not as healthy as advertised. Chemicals industry trends in 2026 | McKinsey
The stock price surged in response to the Strait of Hormuz closure that has created so far a competitive disadvantage to Asian and European competitors and less competition from Middle East petrochemical suppliers. LYB 2026 JPMorgan CFO Fireside Chat.pdf; Dow, LyondellBasell upgraded on higher margins amid to Middle East disruption By Investing.com
Other Elimination: Item # 1.C. Eliminated LYB - Sold 6 at $98.42 (2/13/23 Post)(profit snapshot = $53.85).
SU Bonds: I own 6 issued by LYB International Finance and guaranteed by LYB.
I own 4 LYB International Finance 3.5% SU maturing on 3/2/27. Item # 2.B. Bought 2 LYB International Finance 3.5% SU Maturing on 3/2/27 at a Total Cost of 97.463 (2/10/25 Post)(YTM at 4.784%, then rated at BBB/Baa2); Item # 2.H. Bought2 LYB International 3.5% SU Maturing on 3/2/27 at a Total Cost of 99.028 (3/30/26 Post)(then rated at BBB-/Baa3; YTM then at 4.567%); Bond Page | FINRA.org
I also own 2 LYB International Finance 5.5% SU Maturing on 3/1/34, discussed at Item # 4.F. Bought 2 LYB International Finance 5.5% SU Maturing on 3/1/34 at a Total Cost of 97.253 (5/23/25 Post)(YTM then at 5.904%); Bond Page | FINRA.org
B. Pared GTY in Schwab Account - Sold Highest Cost 6 Shares at $32.2:
Quote: Getty Realty Corp (GTY) at Google Finance - Net Lease REIT
Proceeds: $193.2
Investment Category:
Last Buy Discussions: Item # 1.F. Added to GTY in Schwab Account - Bought 2 at $27.85; 3 at $27.85 (1/1/26 Post); Item # 3.A. Added to GTY - Bought 5 at $26.8 - Fidelity Account (7/29/25 Post); Item # 1.B. Added to GTY in Fidelity Account - Bought 5 at $25.97; 5 at $25.55 (10/18/25 Post); Item # 3.A. Added to GTY - Bought 5 at $26.8 - Fidelity Account (7/29/25 Post)
Last Discussed: Item # 1.C. Pared GTY (Fidelity Account) - Sold Highest Cost 5+ at $33.93 (2/23/26 Post)(profit snapshot = $32.18)
Profit Snapshot: $23.64
New Average cost per share this account: $26.84 (35+ shares)
Reduced from $27.05.
Dividend: Quarterly at $.485 per share ($1.94 annually)
I am no longer reinvesting the dividend.
GTY Dividend History & Date | Seeking Alpha
Yield at $26.84: 7.228%
Last Ex Dividend: 3/26/26
Last Earnings Report (Q/E 12/31/25): I discussed this report in here, which also contains my most recent detailed discussion of this REIT Item # 1.I. Pared GTY in Fidelity Account - Sold 5 at $32.7 (2/17/26 Post)(profit snapshot = $13.13); SEC Filed Press Release
Last Elimination: Item # 3.A. Eliminated GTY - Sold 5 at $35.65 and 20 at $35.69 (1/3/23 Post)(profit snapshots = $211.35)
4. REIT Equity Preferred Stocks:
Investment Category: Advantages and Disadvantages of Equity REIT Cumulative Equity Preferred Stocks, part of the Equity REIT Common and Preferred Stock Basket Strategy
A. Added to UMHPRD in Schwab Account- Bought 5 at $21:
Quote: UMH Properties Inc Preferred Shares Series D at Google Finance
Cost: $105
Issuer: UMH Properties Inc (UMH) at Google Finance A REIT that owns manufactured home communities.
Last UMH Discussion: Item # 1.E. Added to UMH in Schwab Account - Bought 5 at $14 (3/30/25 Post)
Last Discussed: Item # 5.A. Added to UMHPRD in Schwab Account - Bought 5 at $21.9 (1/1/26 Post)
New average cost per share this account: $21.66 (30 shares)
Reduced from $21.79.
Yield at $21.66: 7.36%
Calculation: .06375% coupon x. $25 par value = $1.59375 annual dividend per share ÷ $21.66 total average cost per share = 7.358%
Last Ex Dividend: 2/17/26
UMH.PR.D Stock Dividend History & Date | Seeking Alpha
Coupon: 6.375% paid on a $25 par value.
Dividends: Paid quarterly, cumulative and non-qualified as a pass through entity
Stopper Clause: Yes, enforces the preferred shareholders superior claim to cash against only the common share owners. (Prospectus at S-21).
Optional Call: On or after 1/22/23 at par value + accrue an unpaid dividend
B. Added to UMBPRD in Fidelity Account - Bought 5 at $20.9:
See Item #4.A. above.
Cost: $104.50
New Average cost per share this account: $21.86 (35 Shares)
Reduced from $22.01
Yield at $21.86: 7.29%
C. Added to ADCPRA - Bought 5 at $16.95 - Schwab Account:
Cost: $84.75
Issuer: Agree Realty Corp (ADC) at Google Finance
Last Discussed: Item # 5.A. Restarted ADCPRA - Bought 1 at $17.2; 9 at $17.22 (12/18/25 Post)
Last Round-Trip: Item # 7.A. Eliminated ADCPRA - Sold 10 at $18.06 (2/5/25 Post)(profit snapshot = $9.68)-Item # 5.A. Bought 10 ADCPRA at $17.1 (5/24/24 Post)
Par Value: $25
Coupon: 4.25%
Dividends: Paid monthly at $.0885 per share ($1.062 annually)
Agree Realty Corporation 4.250% DEP PFD A (ADC.PR.A) Stock Dividend History & Date | Seeking Alpha
Dividends are cumulative and non-qualified as a pass through entity
Maturity: None, potentially perpetual
Issue Optional Redemption: At par value + accrued and unpaid dividend on or after 9/17/26. Given the low coupon, I do not anticipate an optional redemption.
Fitch credit rating for preferred stock: BBB, Fitch Assigns Agree Realty 'A-' and Agree LP 'A-'/'F1' First-Time Ratings; Outlook Stable (8/12/25)
D. Added to SLGPRI in Fidelity Account - Bought 4 at $21.1 (Partial Fill) and 6 at $20.44:
Cost: $84.4
Last Discussed: Item # 6.C. Added to SLGPRI in Fidelity Account - Bought 5 at $21.5 (3/23/26 Post); Item # 4.A. Started SLGPRI in Fidelity Account - Bought 10 at $21.9 (3/9/26 Post)
Issuer: SL Green Realty (SLG) at MSN Money
Coupon: 6.5%
Par Value: $25
Dividends: Paid quarterly, non-qualified (pass through entity) and cumulative
Optional Call: Call protection expired in 2017. The stock may be called at par value + the accrued and unpaid dividend. I do not view it as likely that the issue will be called unless there is a substantial decline in interest rates and SLG returns to an investment grade credit rating.
Stopper Clause: Standard
Maturity: None, potentially perpetual
Preferred Stock Credit Ratings: Well into junk territory at BB- from Fitch
Fitch Affirms SL Green Realty Corp. at 'BB+'; Outlook Positive (9/5/25) That is the rating for the senior unsecured debt.
Last Buy Discussions: Item # 5.D. Added to SLGPRI in Schwab Account - Bought 5 at $20.95 (12/18/25 Post); Item # 5.A. Added to SLGPRI - Bought 5 at $20.94 (6/28/24 Post); Item # 6.A. Added to SLGPRI in Schwab Account - Bought 3 at $17.5; 2 at $17.27 (11/25/23 Post); Item # 5.C. Added 2 SLGPRI at $17.99 (11/18/23 Post)
New average cost per share this account: $21.34 (25 shares)
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| Snapshot Intraday 4/2/26 after last add |
Reduced from $21.77
Yield at $21.34: 7.615%
Computation: .065% coupon x $25 par value = $1.625 annual dividend per share ÷ $21.53 average cost per share = 7.6148%
Last Ex Dividend: 3/31/26 (owned 19 as of)
Sell Discussions: Item # 5.A. Eliminated Duplicate Position in SLGPRI - Sold 15 at $21.28 - Fidelity Account (1/20/24 Post)(profit snapshot = $62.49); Item # 3.A. Eliminated SLGPRI-Sold 20 at $25.96 (9/12/20 Post)(profit snapshot = $122); Item # 5 Sold 50 SLGPRI at $23.6 (4/3/2014 Post)(profit at $29.58).
SLGPRI Realized Gains to Date: $213.77
A more profitable trade for an SLG preferred stock was in the SLGPRC that has been redeemed at the $25 par value:
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| Retirement Account |
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| Taxable Account. |
Preferred stocks were smashed during the Near Depression period as credit risk concerns skyrocketed.
5. Exchange Traded First Mortgage Bonds:
A. Added to EAI - Bought 10 at $20 - Schwab Account:
Quote: Entergy Arkansas First Mortgage Bonds 4.875% Due in 2066 (EAI) at Google Finance
Cost: $200
EAI is a first mortgage bond, not a preferred stock.
Last Discussed: Item # 8.C. Added to EAI in Vanguard Account - Bought 5 at $20.5+ (5/23/26 Post); Item # 3.A. Added to EAI in Fidelity Account - Bought 20 at $21.2 (11/8/25 Post)
Investment Category: Exchange Traded Baby Bonds
Par Value: $25
Coupon: 4.875%
Maturity: 9/1/66
Issuer Optional Redemption: At par value + accrued and unpaid interest on or after 9/1/2021.
Credit Risk: Low IMO
Credit Ratings: A2/A
Interest Rate Risk: High IMO
Interest Rate Risk is asymmetrical in favor of the issuer which is the case for EMP and ELC as well.
Trades Flat (whoever owns the security on the ex interest date receives the entire quarterly interest payment)
Interest Payments: Quarterly
Entergy Arkansas, LLC 1M BD 4.875% (EAI) Ex Interest Dates - Seeking Alpha
New average cost per share this account: $21.31 (120 shares)
Yield at New AC: 5.72%
Calculation: 04875% coupon x. $25 par value = $1.21875 annual interest per share ÷ $21.31 average cost per share =5.7191%.
Last Ex Interest Date: 2/27/26
B. Added to EAI in Fidelity Account - Bought 5 at $19.75:
See Item #5.A. above.
Cost: $98.73
New Average cost per share this account: $21.61 (105 shares)
Yield at New AC: 5.64%
6. Preferred Stock ETFs:
A. Added to PFFR - Bought 5 at $17.2 (Fidelity Account):
Quote:
Cost: $86
New average cost per share this account: $17.79 (20 shares)
Dividends: Monthly at $.123 per share ($1.476 annually)
PFFR Stock Dividend History & Date | Seeking Alpha
Yield at $17.79: 8.297%
Last Ex Dividend: 3/20/25
7. Treasury Bills Purchased at Auction:
A. Bought 10 T Bills at the 4/1/26 Auction - Vanguard Account:
119 Day Bills
Mature on 8/4/26
Interest: $119.5
Investment Rate: 3.71%
8. Cash Flow into Fidelity Account 3/31/26 and 4/1/26:
My focus is generating a constant stream of redemption proceeds, dividend and interest payments.
Total Redemption Proceeds: $23,000
Total Interest and Dividends: $2,026.57 of which $893.76 was federally tax free interest from Tennessee municipal bonds.
Total Cash Flow: $25,026.57
4/1/26:
Redemption Proceeds: $13,000
The PNC Bank corporate bond had the highest total return of those bonds:
Dividends and Interest Payments:
EMP is an exchange traded first mortgage bond that I own in several accounts.
Corporate bond interest payments are scattered throughout each month, mostly between the 2nd and 29th days.
Federally Tax Free Interest: $893.76 (all Tennessee issuers)
Tennessee does not have a state income tax. The municipal bonds pay interest semiannually
I live in Williamson County which has a AAA rating on its GO debt.
Wilson County GO: Rated at AA+
Maury County GO: Rated at Aa2
Rutherford County GO: Rated AAA/AAA
Montgomery County GO: Aa2/AA
Dividends: $16.4
Total Dividends and Interest = $1,490.
3/31/26:
Redemption Proceeds: $10,000 (T Bill)
Dividends: $396.69 (includes MM sweep dividend)
The dividend total includes monthly dividend payments from the following assortment of small ball positions in stock and bond CEFs: AOD, BGR, BHK, BSTZ, BWG, GDO, GLQ, KIO, MEGI, MIN, NBXG, and PPT.
I eliminated my position in NSA after the last ex dividend date.
The 2 double short ETFs in this account, QID and SDS, were eliminated on 3/27/26.
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| Includes profit from 6 shares sold on 2/10/26 |
Interest: $139.88 (1 Hercules 6.5% corporate bond paid $16.25 and $123.63 in realized T Bill interest from 10 of the 119 day T Bill. Hercules was acquired by Ashland after that bond was issued. Ashland Completes Acquisition of Hercules: 11/13/2008 )
Disclaimer: I am not a financial advisor, but simply an individual investor who has been managing my own money since I was a teenager. In this post, I am acting solely as a financial journalist focusing on my own investments. The information contained in this post is not intended to be a complete description or summary of all available data relevant to making an investment decision. Instead, I am merely expressing some of the reasons underlying the purchase or sale of securities. Nothing in this post is intended to constitute investment or legal advice or a recommendation to buy or to sell. All investors need to perform their own due diligence before making any financial decision which requires at a minimum reading original source material available at the SEC and elsewhere. A failure to perform due diligence only increases what I call "error creep". Stocks, Bonds & Politics: ERROR CREEP and the INVESTING PROCESS Each investor needs to assess a potential investment taking into account their personal risk tolerances, goals, and situational risks. I can only make that kind of assessment for myself and my family members.
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