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If looking for yield with buy stock/sell call, Six Flags recently raised dividend, yield is 6% or so. Stock dropped off about 10% recently due to missed revenue mark. Stock is selling at about 56, the June 2013 55 option you can sell for about $4.5, the 60 option at about $2.50.

Six Flags (SIX) does have a preffered. At par, its yields about 7%...but I did not price it....I assume its selling at a premium.

Bought Boomerang yesterday by Mr. Lewis, read about half of it, very entertaining. Did notice another book titled something like.."Risky is the New Safe". Charlie's book?
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Did notice another book titled something like.."Risky is the New Safe". Charlie's book?

Black,

You're referring to Gage's newest book in which ... he says that disruptive technology, accelerating speed of change ,and economic upheaval are changing the game. And that the same tired, old conventional thinking won’t get you to success today. http://www.burg.com/2012/09/risky-is-the-new-safe-an-intervi...

In other words, he's working the the broad area of "human potential", saying, as so many have, that anyone could do a lot better with our choices and lives than we do. In yet further words, Gage's book is just spin on basic, generic Buddhism. My book, if it ever gets written, would have a much narrower, bond-specific focus, and it would demonstrate that one area of what are conventionally thought to be safe investments really aren't when all of their risks are considered. So a working title might be something like,

When 'Safe' Isn't: What You Could Do About It, But Probably Won't, Because Scared to Lose Is Scared to Win

But these days, I'm doing more rod-building than bond-buying while I wait for markets to crash. (Then I put aside my toys and go back to work.)

Charlie
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When 'Safe' Isn't: What You Could Do About It, But Probably Won't, Because Scared to Lose Is Scared to Win

Title needs to be pruned a bit, but otherwise a very good idea! Perhaps throw in a line about being dedicated to the "small, individual bond investor" since small investors are typically expected to do bond mutual funds. I suspect if you ever do write a book, everyone who frequents this board -- including your detractors -- would buy a copy!

But these days, I'm doing more rod-building than bond-buying while I wait for markets to crash.

I have a sad feeling that the next crash begins the day after November 7.

Blacktreechaser, thanks for the tips regarding SIX! It does sound like a good one to buy as a stock, a preferred, or even via options.
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folgore,

No one would be interested in such a book, because "Bonds Are Boring." Bonds just don't have the cachet that stocks do. When have you ever heard anyone brag at the water cooler, "You wouldn't believe the deal I got on XYZ's 7.25's of '23"? But mention the fact that you bought shares in some over-hyped, no-earnings, start-up, and you're immediately welcome to the club of smart, savvy investors.

Bonds are used by investors to make bets. Mostly, those bets are interest-rate bets that the investor doesn't expect to lose. But, on average, they do lose that bet as the Dalbar 20-year studies of investor-performance document. To survive in the bond-game, much less prosper, the would-be bond investor has to engage the asset-class far differently than they are accustomed to doing. But figuring that out is their problem. I like the fact that bonds --presently -- are a still, mostly-misunderstood asset-class that nearly everyone has given up on, all the while they continue to pour money into it, driving prices to even more ridiculous levels. When the bubble bursts --and it will-- then the game will become fun again as the pendulum swings in the other direction. Right now, it's just hard work.

Yeah, the coming stock-market crash. Or, maybe not. The head man at Everbank writes:

Looking ahead,[post-election] the stock market should muddle through. I don't expect to see a major crash, as some of our gloom-and-doom friends have been predicting (some of them for several decades). Nor do I expect to see the market roar ahead anytime soon. If the Federal Reserve keeps adding to the monetary base, the stock market may continue to rise in response – but until genuine earnings begin to add up there isn't a compelling case for a boom.

Interest rates are being kept artificially low. This has been true for several years and I expect it to continue. Policy makers aren't doing this to punish savers, even though that is one of the effects. No, they have been very open that they are trying to encourage spending – even if it means borrowing more money to do so.
http://www.dailypfennig.com/2012/11/04/pfennig-and-pfriends-...

Charlie
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