Economy:
U.S. soybean prices hit a 10-year low on Monday.
China's new tariffs are hitting US farmers at 'every single angle'
Fed’s Bostic: Higher tariffs could result in interest-rate cuts if consumer spending suffers - MarketWatch The Bond Ghouls are predicting that a .25% cut in the FF is more likely than not on or before the October 2019 meeting. Countdown to FOMC: CME FedWatch Tool
U.S. soybean prices hit a 10-year low on Monday.
China's new tariffs are hitting US farmers at 'every single angle'
Fed’s Bostic: Higher tariffs could result in interest-rate cuts if consumer spending suffers - MarketWatch The Bond Ghouls are predicting that a .25% cut in the FF is more likely than not on or before the October 2019 meeting. Countdown to FOMC: CME FedWatch Tool
These charts show Trump's trade war could hit his base of voters most
Wage growth hot and more raises are coming, major employers tell CNBC
Trump's new tariffs will cost Americans about $500 per household, by one estimate
All 2,493 items targeted by China's tariffs in US trade war — Quartz
Wage growth hot and more raises are coming, major employers tell CNBC
Trump's new tariffs will cost Americans about $500 per household, by one estimate
All 2,493 items targeted by China's tariffs in US trade war — Quartz
Trump's 25% China tariff: How much would it raise the price of sneakers? — Quartz
Republicans surrender to Trump’s China tariffs
Republicans surrender to Trump’s China tariffs
++++++
Markets and Market Commentary:
Looking at a 2 year chart of the Wilshire 500, the broadest U.S. stock index, the double top line is almost precise at 30,424 (9/17/18) and at 30,460 (4/29/19) W5000 Interactive Stock Chart
Looking at a 2 year chart of the Wilshire 500, the broadest U.S. stock index, the double top line is almost precise at 30,424 (9/17/18) and at 30,460 (4/29/19) W5000 Interactive Stock Chart
Trump’s tariff war with China will hit TVs, dishwashers, toys, lithium batteries, iPhones — even Silly Putty - MarketWatch There is no reason for the Middle Class to worry about prices going up since, according to the Duck, China pays the U.S. tariffs, so no increased cost will be passed on to U.S. voters.
Of course, Donald has repeatedly lied when claiming that China pays the U.S. tariffs. The tariffs are taxes on American businesses and consumers. Who Pays Trump's China Tariffs? US Businesses and Consumers - Bloomberg; Donald Trump Claims China Pays for Higher Tariffs, but Economists Say It's U.S. Companies and Consumers Who Pay
Of course, Donald has repeatedly lied when claiming that China pays the U.S. tariffs. The tariffs are taxes on American businesses and consumers. Who Pays Trump's China Tariffs? US Businesses and Consumers - Bloomberg; Donald Trump Claims China Pays for Higher Tariffs, but Economists Say It's U.S. Companies and Consumers Who Pay
Pages 22-23 (tariffs were paid by U.S. consumers and U.S. businesses; study prepared by the NY Federal Reserve and economists from Princeton and Columbia Universities) It only gets worse when the tariffs are raised to 25% from 10% and possibly applied at 25% to all remaining imports that are not subject to tariffs.
Goldman: Trump tariff costs fall entirely on US businesses, households
Goldman: Trump tariff costs fall entirely on US businesses, households
For the first time, I heard a republican acknowledge that Americans may pay for the tariffs on China's exports but even that statement was qualified. Kudlow acknowledges US will pay for China tariffs, contradicting Trump
Trump's dishonesty makes public debate on every issue more difficult since he creates his own facts. It is impossible to have a factual and honest discussion about difficult issues that must be resolved when one side lives in an Alternate Reality.
There are ways to salvage the trade deal with China, but that will require a competent negotiator who recognizes the limits of U.S. power and how far the U.S. can push China on trade issues.
The U.S. needs to abandon the demand that it will keep all tariffs as an enforcement mechanism, for example. Instead, a provision can be inserted that both parties reserve the right to reimpose tariffs for non-compliance.
As to unfair subsidies of China's businesses, the two main culprits are probably the steel and aluminum industries and tariffs can be kept on those exports while removing them for now on all other products.
Requiring China to pass laws demanded by the U.S. is not going to happen unless the U.S. reciprocates which is not going to happen either. A compromise needs to be reached where China is required to be more transparent in how it subsidizes its industries.
Donald expressed optimism Monday night that a trade deal will be finalized in 3 or 4 weeks, asserting that he has "a feeling it's going to be very successful". China says U.S. has agreed to keep talking over trade war - Reuters That prediction about the near future was sufficient for the Stock Jocks to conclude all will be well. The Duck said so.
The Duck believes IMO that China will kneel before him rather than to be hit with 25% tariffs on $300B or so of its exports that are not now subject to any tariffs. I believe that opinion to be the basis for Trump's optimism. If that is his plan, and I believe that it is, then the tariff war will soon accelerate.
China is making it clear to Donald in polite terms that a resolution will not happen based on certain U.S. demands which are viewed as worse than no trade deal from China's perspective.
You can see those clear signals in remarks made by Vice Premier Liu after the meeting in Washington and in statements made by China's foreign ministry last Monday. China says agreed with U.S. to keep talking over trade war - Reuters (“We hope that the U.S. side does not misjudge the situation and not underestimate China’s determination and will to safeguard its interests.”)
The Duck is not listening IMO.
Trump falsely claimed on Monday that the U.S. had collected “hundreds of billions of dollars” in tariff revenue as a result of the tariff increases.
In Trumpworld that representation is better than true since the real number is not zero and is reasonably close to the $39B actual number over the first seven months of the current fiscal year (starts 10/1), which was only $19B above the amount collected in the same period in the year earlier period.
Trump claims money pours in because of tariffs, but it is not much
Sooner or later, investors may even come to a realization that Donald just makes things up which sound good to him at the moment and serves some manipulation purpose that he has.
U.S.-China trade war: Beijing announces retaliatory tariffs on $60 billion in U.S. goods - The Washington Post (“Using standard economic methods, we find that the full incidence of the tariff falls on domestic consumers, with a reduction in U.S. real income of $1.4 billion per month by the end of the 2018,” concluded a March paper by economists from the Federal Reserve Bank of New York, Princeton University and Columbia University.)
Wall Street is mistakenly pricing in a trade deal, Invesco warns
Trump's dishonesty makes public debate on every issue more difficult since he creates his own facts. It is impossible to have a factual and honest discussion about difficult issues that must be resolved when one side lives in an Alternate Reality.
There are ways to salvage the trade deal with China, but that will require a competent negotiator who recognizes the limits of U.S. power and how far the U.S. can push China on trade issues.
The U.S. needs to abandon the demand that it will keep all tariffs as an enforcement mechanism, for example. Instead, a provision can be inserted that both parties reserve the right to reimpose tariffs for non-compliance.
As to unfair subsidies of China's businesses, the two main culprits are probably the steel and aluminum industries and tariffs can be kept on those exports while removing them for now on all other products.
Requiring China to pass laws demanded by the U.S. is not going to happen unless the U.S. reciprocates which is not going to happen either. A compromise needs to be reached where China is required to be more transparent in how it subsidizes its industries.
Donald expressed optimism Monday night that a trade deal will be finalized in 3 or 4 weeks, asserting that he has "a feeling it's going to be very successful". China says U.S. has agreed to keep talking over trade war - Reuters That prediction about the near future was sufficient for the Stock Jocks to conclude all will be well. The Duck said so.
The Duck believes IMO that China will kneel before him rather than to be hit with 25% tariffs on $300B or so of its exports that are not now subject to any tariffs. I believe that opinion to be the basis for Trump's optimism. If that is his plan, and I believe that it is, then the tariff war will soon accelerate.
China is making it clear to Donald in polite terms that a resolution will not happen based on certain U.S. demands which are viewed as worse than no trade deal from China's perspective.
You can see those clear signals in remarks made by Vice Premier Liu after the meeting in Washington and in statements made by China's foreign ministry last Monday. China says agreed with U.S. to keep talking over trade war - Reuters (“We hope that the U.S. side does not misjudge the situation and not underestimate China’s determination and will to safeguard its interests.”)
The Duck is not listening IMO.
Trump falsely claimed on Monday that the U.S. had collected “hundreds of billions of dollars” in tariff revenue as a result of the tariff increases.
In Trumpworld that representation is better than true since the real number is not zero and is reasonably close to the $39B actual number over the first seven months of the current fiscal year (starts 10/1), which was only $19B above the amount collected in the same period in the year earlier period.
Trump claims money pours in because of tariffs, but it is not much
Sooner or later, investors may even come to a realization that Donald just makes things up which sound good to him at the moment and serves some manipulation purpose that he has.
U.S.-China trade war: Beijing announces retaliatory tariffs on $60 billion in U.S. goods - The Washington Post (“Using standard economic methods, we find that the full incidence of the tariff falls on domestic consumers, with a reduction in U.S. real income of $1.4 billion per month by the end of the 2018,” concluded a March paper by economists from the Federal Reserve Bank of New York, Princeton University and Columbia University.)
Wall Street is mistakenly pricing in a trade deal, Invesco warns
++++++
Trump:
White House Reviews Military Plans Against Iran, in Echoes of Iraq War
White House Reviews Military Plans Against Iran, in Echoes of Iraq War
White House invokes executive privilege to bar former counsel from turning over documents to Congress; Mnuchin rejects Democrats’ demand to hand over Trump’s tax returns, all but ensuring legal battle Trump's obstruction efforts have entered into a new phase, fully supported by the Attorney General who is acting as Donald's defense attorney rather than as the lead attorney for the U.S. That is why he was appointed to the job. Barr can be counted upon to do what is best for Donald. The U.S. Justice Department is now an active co-conspirator in Trump's obstruction efforts. It is sad.
Trump Asserts Executive Privilege Over Full Mueller Report I view that frivolous claim to constitute obstruction.
"Conservative" jurists complain about liberal justices creating rights that are not enumerated specifically in the Constitution (e.g. right to privacy that led to the Roe v. Wade, 410 U.S. 113 decision).
A right to assert executive privilege does not exist in the Constitution.
Article 1 does provide that legislators have a right "not to be questioned" about "any Speech or Debate in either House." Article I Section 6 U.S. Constitution That is a privilege found in the Constitution.
Article II, which sets out the powers of the President, is silent on the subject. Why would the framers omit any reference to a President's right to withhold information while providing legislators with one? Article II U.S. Constitution
If a "conservative" jurist wished to be consistent, and that may occur from time to time when it suits their ideology, the only option for them would be to reject any and all constitutionally based assertions of executive privilege. Otherwise, they would be creating a non-enumerated right.
Unable to rely on a constitutional basis for executive basis, Presidents have instead cited history, referring to actions taken by Presidents Washington, Adams and Jefferson. Yet those Presidents did not assert a right to withhold information from Congress. ‘Executive privilege’ is a new concept built on a shaky legal foundation - The Washington Post Executive privilege was a Supreme Court created right whose origin was the 1974 decision in United States v. Nixon. The Roe v. Wade decision was decided in 1973.
The five republican judges have no regard for stare decisis, trashing the doctrine whenever it suits them. Earlier this week they overturned yet another long standing ruling. Supreme Court’s conservatives overturn precedent as liberals ask ‘which cases the court will overrule next’ - The Washington Post Politically, that is what the republican base wants and the republican Supreme Court judges are delivering.
For those who believe in a constitutional right to an abortion, stare decisis is all that stands in the way of a 5 to 4 decision overruling it. Supreme Court Shows It's Ready To Overrule Precedent, Dissent Sounds Alarm In California V. Hyatt
++
Republicans say that climate science is Fake News: CO2 levels: Carbon dioxide hit the highest level in human history - The Washington Post
"Conservative" jurists complain about liberal justices creating rights that are not enumerated specifically in the Constitution (e.g. right to privacy that led to the Roe v. Wade, 410 U.S. 113 decision).
A right to assert executive privilege does not exist in the Constitution.
Article 1 does provide that legislators have a right "not to be questioned" about "any Speech or Debate in either House." Article I Section 6 U.S. Constitution That is a privilege found in the Constitution.
Article II, which sets out the powers of the President, is silent on the subject. Why would the framers omit any reference to a President's right to withhold information while providing legislators with one? Article II U.S. Constitution
If a "conservative" jurist wished to be consistent, and that may occur from time to time when it suits their ideology, the only option for them would be to reject any and all constitutionally based assertions of executive privilege. Otherwise, they would be creating a non-enumerated right.
Unable to rely on a constitutional basis for executive basis, Presidents have instead cited history, referring to actions taken by Presidents Washington, Adams and Jefferson. Yet those Presidents did not assert a right to withhold information from Congress. ‘Executive privilege’ is a new concept built on a shaky legal foundation - The Washington Post Executive privilege was a Supreme Court created right whose origin was the 1974 decision in United States v. Nixon. The Roe v. Wade decision was decided in 1973.
The five republican judges have no regard for stare decisis, trashing the doctrine whenever it suits them. Earlier this week they overturned yet another long standing ruling. Supreme Court’s conservatives overturn precedent as liberals ask ‘which cases the court will overrule next’ - The Washington Post Politically, that is what the republican base wants and the republican Supreme Court judges are delivering.
For those who believe in a constitutional right to an abortion, stare decisis is all that stands in the way of a 5 to 4 decision overruling it. Supreme Court Shows It's Ready To Overrule Precedent, Dissent Sounds Alarm In California V. Hyatt
++
Republicans say that climate science is Fake News: CO2 levels: Carbon dioxide hit the highest level in human history - The Washington Post
Huawei CFO extradition case: Canada arrested Meng for the U.S. As China retaliates, it’s on its own - The Washington Post
Trump shares laugh with Florida crowd over rally attendee’s call to shoot migrants - MarketWatch
Bob Woodward: U.S. In "Dire" Crisis; "Most Unsteady Hands We've Had In The American Presidency Ever" | Video | RealClearPolitics
Pentagon to transfer $1.5 billion to border wall from Afghan forces, other areas - Reuters
White House Asked McGahn to Declare Trump Never Obstructed Justice
Donald Trump Spends Another Saturday Morning Rage Retweeting
Bob Woodward Says You’re Right to be Worried About Trump - INDY Week
Trump believes that the way to acquire and maintain political power is through causing fear in voters and to scare them.
Trump: “Real power is — I don’t even want to use the word — fear.”
Just scare voters as much as possible. It is irrelevant that no accurate information is used to stoke that fear. Trump Once Said Power Was About Instilling Fear. In That Case, He Should Be Worried. - The New York Times; Donald Trump Uses Fear to Campaign in Midterms | Time; Trump and Republicans settle on fear — and falsehoods — as a midterm strategy - The Washington Post; Donald Trump and the Politics of Fear - The Atlantic; Paranoia, lies and fear: Trump’s presidency laid bare by Mueller report - The Washington Post; Donald Trump: President Uses Fear in Rhetoric | Time
Trump owns the republican party.
Donald is more than the face of the GOP. He is the GOP. It can not be overlooked that his approval rating among republicans is 91% based on the latest poll and republican politicians cower before him, nurture and protect him.
Trump shares laugh with Florida crowd over rally attendee’s call to shoot migrants - MarketWatch
Bob Woodward: U.S. In "Dire" Crisis; "Most Unsteady Hands We've Had In The American Presidency Ever" | Video | RealClearPolitics
Pentagon to transfer $1.5 billion to border wall from Afghan forces, other areas - Reuters
White House Asked McGahn to Declare Trump Never Obstructed Justice
Donald Trump Spends Another Saturday Morning Rage Retweeting
Bob Woodward Says You’re Right to be Worried About Trump - INDY Week
Trump believes that the way to acquire and maintain political power is through causing fear in voters and to scare them.
Trump: “Real power is — I don’t even want to use the word — fear.”
Just scare voters as much as possible. It is irrelevant that no accurate information is used to stoke that fear. Trump Once Said Power Was About Instilling Fear. In That Case, He Should Be Worried. - The New York Times; Donald Trump Uses Fear to Campaign in Midterms | Time; Trump and Republicans settle on fear — and falsehoods — as a midterm strategy - The Washington Post; Donald Trump and the Politics of Fear - The Atlantic; Paranoia, lies and fear: Trump’s presidency laid bare by Mueller report - The Washington Post; Donald Trump: President Uses Fear in Rhetoric | Time
Trump owns the republican party.
Donald is more than the face of the GOP. He is the GOP. It can not be overlooked that his approval rating among republicans is 91% based on the latest poll and republican politicians cower before him, nurture and protect him.
++++++
1. Intermediate Term Bond Basket Strategy:
A. Sold 2 Brookfield Asset Management 4% SU Maturing on 1/15/25:
Profit Snapshot: +$54.24
This was a recent purchase: Stocks, Bonds & Politics:Item # 2.A. Bought 1 BAM 4% SU at a TC of 99.238 (3/6/19 Post)
Finra Page: Bond Detail
Sold at 102.05
YTM Then at 3.583%
Proceeds at 101.95
2. Short Term Bond/CD Ladder Basket Strategy:
$8K in adds
A. Bought 5 56 Day Treasury Bills at Auction Maturing on 7/2/19:
IR = 2.439%
Auction Results:
B. Bought 1 Marathon Oil 2.7% SU Maturing on 6/1/20:
FINRA Page: Bond Detail (prospectus not linked)
Prospectus
Issuer: Marathon Oil Corp. (MRO)
MRO Analyst Estimates
2018 Annual Report (SU debt listed at page 86 with this 2020 note being the first to mature)
Marathon Oil posts Q1 earnings beat on higher production, lower costs - -Seeking Alpha; Marathon Oil Reports First Quarter 2019 Results
Credit Ratings:
This will be my only MRO bond purchase.
Bought at a Total Cost of 99.915
YTM at TC Then at 2.779%
Current Yield at TC = 2.7023%
C. Bought 2 Treasury 2.375% Coupon Maturing on 4/30/20:
YTM = 2.396%
I now own 7 bonds.
FINRA Page: Bond Detail (prospectus not linked)
Prospectus
Issuer: Marathon Oil Corp. (MRO)
MRO Analyst Estimates
2018 Annual Report (SU debt listed at page 86 with this 2020 note being the first to mature)
Marathon Oil posts Q1 earnings beat on higher production, lower costs - -Seeking Alpha; Marathon Oil Reports First Quarter 2019 Results
Credit Ratings:
This will be my only MRO bond purchase.
Bought at a Total Cost of 99.915
YTM at TC Then at 2.779%
Current Yield at TC = 2.7023%
C. Bought 2 Treasury 2.375% Coupon Maturing on 4/30/20:
YTM = 2.396%
3. Eliminations:
A. Eliminated TWOPRC-Sold 50 Shares at $24.65:
Quote: Two Harbors Investment Corp. 7.25% Cumulative Preferred Series C Stock
Closing Price Yesterday: TWO-PC $24.86 +$0.02 +0.08%
Profit Snapshot: +$7.69
Item # 1 Bought 50 TWOPRC at $24.4 (8/9/18 POST)
Total Return: $75.67 (6.2% annualized in about 9 months)
Prospectus
TWOPRC is a fixed-to-floating rate equity preferred stock issued by the mortgage REIT that pays cumulative dividends and non-qualified dividends.
The issuer is an MREIT, viewed generally as a more riskier preferred stock than one issued by an equity REIT.
Par Value: $25
Optional Redemption: This stock can not be redeemed prior to 1/27/25 "except under circumstances where it is necessary to preserve our qualification as a REIT for U.S. federal income tax purposes and except . . . upon the occurrence of a Change of Control" as defined in the prospectus.
Dividends: Paid quarterly, cumulative and non-qualified (pass through entity/can't avoid taxation at the corporate level and have the dividend treated as qualified).
Fixed Coupon: 7.25% to but excluding 1/27/25
Last Ex Dividend Date: 4/11/19
Floating Rate-Spread over the Three Month Libor Rate: If not redeemed by the issuer, from and including 1/27/25 at a floating rate equal to the three month Libor rate plus a spread of 5.011%.
Libor Rate: This benchmark rate will no longer exist in 2021 and is scheduled to be phased out. Update: SONIA set to replace Libor by 2021; Smooth transition from scandal-hit Libor in 2021 'highly unlikely', banks warned
There is an alternate rate mechanism discussed in the prospectus, but it remains to be seen how that will work out. I may liquidate any holding that remains whose floating rate is tied to Libor before that rate ceases to exist.
I still own 100 shares of TWOPRD: Two Harbors Investment Corp. 7.75% Cumulative Preferred Series D Stock I will probably exit that position somewhere in the $25.25 to $25.5 range.
Issuer's Last Earnings Report:
Two Harbors Investment Corp. Reports First Quarter 2019 Financial Results
The GAAP numbers are scary.
B. Eliminated BIZD-Sold 106+ at $16.6-Commission Free For Vanguard Customers:
Quote: VanEck Vectors BDC Income ETF Overview
Closing Price Yesterday: BIZD $16.40 +$0.12 +0.74%
Sponsor's Website: BIZD - VanEck Vectors BDC Income ETF | Snapshot | Income ETF- VanEck
Barely Profitable: $14.42
Quarterly Dividends Received = $94.85
Goal: Total Return in excess of the dividends
Last Discussions: Item # 1.B. Added 20 BIZD at $15.61-Commission Free(1/27/19 Post); Item # 3.C. Bought 5 BIZD at $14.95 (1/9/19 Post); Item # 3.A. Bought 10 BIZD at $16.03 and 5 at $15.66-Commission Free To Vanguard Customers (10/31/18)
A. Eliminated TWOPRC-Sold 50 Shares at $24.65:
Quote: Two Harbors Investment Corp. 7.25% Cumulative Preferred Series C Stock
Closing Price Yesterday: TWO-PC $24.86 +$0.02 +0.08%
Profit Snapshot: +$7.69
Item # 1 Bought 50 TWOPRC at $24.4 (8/9/18 POST)
Total Return: $75.67 (6.2% annualized in about 9 months)
Prospectus
TWOPRC is a fixed-to-floating rate equity preferred stock issued by the mortgage REIT that pays cumulative dividends and non-qualified dividends.
The issuer is an MREIT, viewed generally as a more riskier preferred stock than one issued by an equity REIT.
Par Value: $25
Optional Redemption: This stock can not be redeemed prior to 1/27/25 "except under circumstances where it is necessary to preserve our qualification as a REIT for U.S. federal income tax purposes and except . . . upon the occurrence of a Change of Control" as defined in the prospectus.
Dividends: Paid quarterly, cumulative and non-qualified (pass through entity/can't avoid taxation at the corporate level and have the dividend treated as qualified).
Fixed Coupon: 7.25% to but excluding 1/27/25
Last Ex Dividend Date: 4/11/19
Floating Rate-Spread over the Three Month Libor Rate: If not redeemed by the issuer, from and including 1/27/25 at a floating rate equal to the three month Libor rate plus a spread of 5.011%.
Libor Rate: This benchmark rate will no longer exist in 2021 and is scheduled to be phased out. Update: SONIA set to replace Libor by 2021; Smooth transition from scandal-hit Libor in 2021 'highly unlikely', banks warned
I still own 100 shares of TWOPRD: Two Harbors Investment Corp. 7.75% Cumulative Preferred Series D Stock I will probably exit that position somewhere in the $25.25 to $25.5 range.
Issuer's Last Earnings Report:
Two Harbors Investment Corp. Reports First Quarter 2019 Financial Results
The GAAP numbers are scary.
B. Eliminated BIZD-Sold 106+ at $16.6-Commission Free For Vanguard Customers:
Quote: VanEck Vectors BDC Income ETF Overview
Closing Price Yesterday: BIZD $16.40 +$0.12 +0.74%
Sponsor's Website: BIZD - VanEck Vectors BDC Income ETF | Snapshot | Income ETF- VanEck
Barely Profitable: $14.42
Goal: Total Return in excess of the dividends
Last Discussions: Item # 1.B. Added 20 BIZD at $15.61-Commission Free(1/27/19 Post); Item # 3.C. Bought 5 BIZD at $14.95 (1/9/19 Post); Item # 3.A. Bought 10 BIZD at $16.03 and 5 at $15.66-Commission Free To Vanguard Customers (10/31/18)
4. Small Ball-Commission Free ETFs:
A. Bought 5 DGRO at $37.17 and 5 at $36.71-Commission Free For Fidelity Customers:
Quote: iShares Core Dividend Growth ETF Overview
Closing Price Yesterday: DGRO $36.94 +$0.25 +0.68%
Sponsor's Website: iShares Core Dividend Growth ETF | DGRO
Expense Ratio: .08%
Last Discussed: Item # 4.B. (5/5/19 Post)
Current Position: 25 Shares (not yet near a starter position)
Average Cost Per Share Now at $37.62
Maximum Position: 200 Shares
Purchase Restriction: Small Ball Rule (each purchase has to be at the lowest price in the chain)
Last Round Trip: +$69.15 (sold too soon)
I was in one of my stock allocation reduction modes in the 2015 summer.
B. Bought 5 FDVV at $29.3-Commission Free For Fidelity Customers:
Quote: Fidelity High Dividend ETF Overview
Closing Price Yesterday: FDVV $29.59 +$0.20 +0.68%
Sponsor's Website: FDVV | ETF Snapshot - Fidelity
Last Discussed: Item # 4.A. Bought 10 FDVV at $30.2 (4/27/19 Post)
Current Position: 15 Shares
Average Cost Per Share: $29.9
Maximum Position: 500 Shares
Purchase Restriction: Small Ball Rule
C. Bought 2 MGC at $97-Commission Free for Vanguard Customers:
Quote: MGC Fund - Vanguard Mega Cap ETF Overview
Closing Price Yesterday: MGC $97.97 +$0.80 +0.82%
Sponsor's Website: MGC - Vanguard Mega Cap ETF | Vanguard
Current Position: 7 shares
Maximum Position: 50 Shares
Purchase Restriction: Small Ball Rule
Last Discussed: Item # 4.A. Bought 5 MGC at $99.23 (4/14/19 Post)
Quote: iShares Core Dividend Growth ETF Overview
Closing Price Yesterday: DGRO $36.94 +$0.25 +0.68%
Sponsor's Website: iShares Core Dividend Growth ETF | DGRO
Expense Ratio: .08%
Last Discussed: Item # 4.B. (5/5/19 Post)
Current Position: 25 Shares (not yet near a starter position)
Average Cost Per Share Now at $37.62
Maximum Position: 200 Shares
Purchase Restriction: Small Ball Rule (each purchase has to be at the lowest price in the chain)
Last Round Trip: +$69.15 (sold too soon)
I was in one of my stock allocation reduction modes in the 2015 summer.
B. Bought 5 FDVV at $29.3-Commission Free For Fidelity Customers:
Quote: Fidelity High Dividend ETF Overview
Closing Price Yesterday: FDVV $29.59 +$0.20 +0.68%
Sponsor's Website: FDVV | ETF Snapshot - Fidelity
Last Discussed: Item # 4.A. Bought 10 FDVV at $30.2 (4/27/19 Post)
Current Position: 15 Shares
Average Cost Per Share: $29.9
Maximum Position: 500 Shares
Purchase Restriction: Small Ball Rule
C. Bought 2 MGC at $97-Commission Free for Vanguard Customers:
Quote: MGC Fund - Vanguard Mega Cap ETF Overview
Closing Price Yesterday: MGC $97.97 +$0.80 +0.82%
Sponsor's Website: MGC - Vanguard Mega Cap ETF | Vanguard
Current Position: 7 shares
Maximum Position: 50 Shares
Purchase Restriction: Small Ball Rule
Last Discussed: Item # 4.A. Bought 5 MGC at $99.23 (4/14/19 Post)
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 sell 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 family members.
