I subscribed in September,’08. I own bonds from Rite Aid, Freescale, Tribune, and Aleris. With Tribune, I speculated and bought bonds at an average of $60 each, knowing they were in Chapter 11——not a strategy that is recommended by True Income, but a potential windfall if Tribune pays up. I was blindsided by Aleris filing for Chapter 11, because I had a bunch of these bonds already. So, being the speculator I am, I more than doubled my position with Aleris at one-twelfth the price, and if Aleris pays out, I’ll be one super-happy investor.
My Freescale and Rite Aid bonds are doing just fine.
I do plan to renew—–hopefully I can get a good renewal deal.
I plan to combine some more bonds like maybe Cott, Freescale, and Rite Aid, and also do option plays with Advanced Income.
I don’t know how the future of these bonds will play out, but I feel that if the economy rebounds, so will the bonds.
If so, Mike Williams will be seen as a genius.
I have a suggestion for Mike. We know the market is volatile, but you might want to give us some more updates, even if the news is the same. It seems like a long time between your messages to us; and even though it might seem pointless to e-mail us more often—–say, once a week—-I think all of us subscribers would feel more connected. A simple message like, “Nothing has changed, but I want you to know that I am watching all of these companies closely.” would be comforting to those who own Tribune and Aleris, especially those who bought at a much higher price than I did.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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