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Author: howardgt One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35362  
Subject: Re: Junk thoughts Date: 6/5/2011 11:59 PM
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Jack,

Pick and pluck a few, try to keep the rust of the skills. Its hard for me to keep me focused when the 10 year is well below 6%.

Yeah... That’s basically why I keep looking and buying SOME. The junk market is a small enough niche market, that I’m able to keep up to date on most of the issues. So if a company's earnings show signs of a turnaround or when market conditions change, I’ll be ready accumulate more.

In 2009 I was buying at the rate of 5 transactions per month. In 2010 it was 3 per month. So far in 2011, I’m now down to 1 buy per month. Interest income keeps coming in and bonds are constantly getting called/redeemed, so to some extent, I’m just reinvesting some of my profits and not risking too much of my own money (my excuse for buying into an “over-valued” market).


Easy and lazy is the road I go. You work too hard. Then again I suspect you like the work.

Actually after a while it’s NOT too much work, and yes I do enjoy it. Easy and lazy is all that is needed if one keeps on track and stays the course.

Howard
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