Time to Focus on Income

    Sell Entegris (Nasdaq: ENTG) at the market

    Sell KushCo Holdings (OTHOTC: KUSH) at the market

    Sell Tanger Factory Outlets (NYSE: SKT) at the market

    We’re selling all of our Boom portfolio holdings, except the Invesco Nasdaq QQQ Trust (NYSE: QQQ), as well as our income holding, Tanger Outlets, which hasn’t held up.

    We’re keeping the Q’s because we hold a put against them. They will offset each other for the next week until the option expires. If the market continues to puke, then we’ll get a free ride lower on the Qs as we gain ground on the option. If the market finds a bottom between now and then, we’ll sell the option.

    Our bond holdings are dropping in price as people capitulate to the market volatility. Now is a fabulous time to buy, or buy more, of Blackrock Taxable Municipal Bond Trust (NYSE: BBN) and Blackrock 2030 Municipal Duration (NYSE: BTT). These funds yield 6.5% and 3.5% respectively as I write this, but prices are moving fast.

    Sincerely,

    Rodney