I sold my Vanguard Total International Stock Index fund earlier this week – just when all the benchmarks were close to their all-time highs. Pure luck, but it has been selling off ever since.
Besides valuations, what has me troubled is the ECBs apparent willingness to follow the Bank of Japan down the same rabbit holes, but expecting different outcomes?
- Bloomberg – Buying Junk Shows ECB Is Getting Desperate
- Business Insider – European stocks are getting pounded
I can’t see any way out for either Central Bank – we can only hope that Janet Yellen can learn from their folly. Why anyone would buy a bond issued from Japan or a country in the EU is beyond me (all risk – no reward):
Nada from my Dividend Millionaire screen again this week, so we are still using the alternative 5 Star Stock screen:
Ticker | Price | Fair Value | Margin of Safety | Yield % |
BBBY | $43.19 | 70 | $26.81 | 0.0% |
GILD | $84.80 | 124 | $39.20 | 2.0% |
WSM | $51.17 | 76 | $24.83 | 2.7% |
Click on the links to research further.
I have been looking at selling some cash secured puts in Williams-Sonoma, but the spreads are large and volume low for these options – might have to find a more liquid candidate.
Results are based on the following screen:
- Morningstar Rating = Five Stars
- Financial Health Grade >= B
- Cash Return % >= 5
- Stock Industry not = Asset Management
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