Investing 102

[GregWeld]

I have multiple brokerage accounts --- and I get more friggin' memos and newsletters and "insider" info than I can even manage to read... but here's my take on most all of it.

ZIP


It's all just "info" and 100% of the time -- one brokerage's info will say "stay clear of X" and the next day I get a buy recommendation from the other one..
and two days later I'll get a hold recommendation from another. NONE OF THEM HAVE A CLUE.

So here's what I like....


I have 30,000 shares of JNK - pays me MONTHLY .23 or so per share... YEAH BUDDY... do I care that it goes up and down 50 cents. NOPE.

I have 11,500 shares of HYG - pays me MONTHLY .50 or so per share... ditto above.

Both of these can get slammed if INTEREST RATES suddenly go askew... but If I'm paying attention -- then I should be able to get a heads up.

I use the above to PARK CASH... not as a long term investment buy and forget it type deal.

My point is --- they pay me to own 'em! Period. If not - I'm not in it. Someone else can buy the Faceybooks of the world...