Entries by Tim McPartland

We Love It and You Might Too

Ok, we’ll admit it right up front.  Sometimes we are lazy and don’t check our investments for days on end.  There are also months where we might make only 1 buy or 1 sell of a security.  We have written before that it is our goal to NOT trade unless we have a real reason […]

The Coming Interest Rate Hike

We thought it was time to revisit the topic of the coming interest rate hike.  Certainly it is likely there is a rate hike coming, but when it will happen no one knows for sure. Earlier this week we watched Chair Yellen testify to congress and at first it seemed that she wanted to raise […]

Adding a mREIT to 2 Portfolios

In what we believe to be a 1st for the model portfolios we have added shares of mREIT New Residential Investment Corp (NYSE:NRZ) to 2 of the models.  This decision was made as shares traded sharply lower as the company did a stock offering of 50,000,000 shares.  We should also note that we follow many investing […]

Interest Rates Flat Through January

January has been a reasonably good month for income investors as the 10 year treasury ended the month at the same place it started, 2.45%.  Even though interest rates remained flat the average price of a preferred share or baby bond continued to climb from December prices.  The average share ended the month at $25.68 […]

BDC Hercules Capital Calls 7% Baby Bonds

Quality business development company Hercules Capital (NYSE:HTGC) has called for early redemption of their 7% baby bonds (NYSE:HTGZ and HTGY) effective 2/24/2017.  These 2 issues became callable on 4/30/2015 and 9/30/2015 respectively and had maturity dates in 2019.  The company has sold a large ($230 million) convertible issue with a 4.375% coupon to fund the […]