In spite of the fact that we own no common stocks it is still nice to have a quiet day in the various markets. When the common shares stumble big there is always a chance the selling will bleed over to our preferreds–of course the selling could start anew next week as we near the G20 and the meeting with the US and China. We shall see.
The week has been exciting and we don’t have much damage at all anywhere in the portfolio in any major way.
We are excited to get to spend more time on some website work in the coming weeks and months as our ‘real work’ dwindles to very low levels.
A couple items on the agenda–
-Try to add shipping baby bonds to our shipping listing.
-Review the 2 Invesco High Income Target Trusts (IHIT and IHTA) and come to a conclusion as to why IHTA seems to trade kind of weak.
-Review the LNG shippers to verify which are the most soundly financed-and which are most likely to implode.
To all our readers we wish you a Happy Thanksgiving. While sometimes we think we have it ‘tough’ for some reason–whether it be health, family or money for the most part we are all fortunate to be living in the U.S. and enjoying the fruits of our efforts through the years.