Both stocks and bonds are trading in a nice orderly fashion–stocks are up a fair amount and bonds yields are consolidating a bit after the 10 year made a try at 3%.
One thing we can be certain of is that this will change. There is no way that we don’t get a disconcerting presidential tweet or threats from one side or the other on trade tariffs.
We have had some discussions on the message boards on alternative investments. As I was reading through todays SEC filings I found one that is interesting and is something that obviously someone buys–NOT US.
Shepards Finance LLC loans money to home builders–obviously at very high rates and you can buy a note from them with a coupon of 11%. IF YOU ARE BUYING ANY NOTES LIKE THESE YOU ARE LOOKING FOR REAL EXCITEMENT IN YOUR LIFE.
The old saying that “if it looks too good to be true it likely is” holds with these. Not that some won’t make good money on some of these–but we want to actually get some sleep at night.