Monday, October 11, 2021

Columbus Day 2021

 So here we are, October 11, 2021.  What a year!

statue of Christopher Columbus for Columbus day, markets open but bank transfers not being made due to the holiday.

Today is Columbus Day in the United States.  Monday, I have lots of cash transfers from my bank to various brokerages and of course, though the markets are open no bank transfers will take place until tomorrow.

Sadly, the markets are going up this morning. That means that I will not be buying some of the stock that I was hoping to buy, because my cash is in limbo. Waiting in that no-man's land between bank account and delivery to brokerTheage.

The Columbus Day holiday is possibly the most confusing in the repetoire of Federal Holidays in the U.S.

In some ways it is a holiday, in others it isn't.  Some public organizations take the day off. The Bond markets and some banks for instance.  The stock market, well no to hell with looking to have a break, let's make money.

It is not a problem for me.  I don't mind people having a day off, but what is annoying that even computer systems in the U.S. get the day off too.  If all of my banking information is held on computer and all of my brokerage information is held on computer, how come those two computers cannot talk to each other on a Federal Holiday?

It makes no sense.

Well possibly it does make sense to American legislators, who take a break at the drop of a hat.

I always wondered in my time working in a public library here in California, the end of March has a Cesar Chavez day.  Famed agricultural workers leader, his name now marked as a state holiday for state and local government employees.  Who can drive into the mountains or drive to the beach, passing all those farms, orchards, vineyards and fields bustling with migrant farm labor working hard on a day set out to celebrate their deceased leader, a holiday which means only a day off for people who hardly know the difference between a lettuce and a cabbage.

Plus of course the computers get that day off too. When contacting anyone in California.


What am I Wanting to Buy Tomorrow?

I am hoping to buy a new stock, it is Horizon Financial (HRZN ). Horizon specialize in lending to technology businesses in the first stages of growth.

They pay a monthly dividend of just 10cents as of October 11, 2021.  A stock which changes hands around $17.00.

I am only going to look at buying a small portion of my holding right now. Analysts are looking at a future price more in the region of $14.00, presumably as interest rates rise that will put a squeeze on this stock.

I like the look of the stock for cash flow.  10 cents in my pocket every month per share is going to add nicely to my monthly cash flow for general stock purchases.

Another stock I am looking to add to in my portfolio is Community Heathcare Trust ( CHCT ) this is a quarterly paying REIT.  Over the past five years the stock has moved very little price wise, staying stubbornly around $40  but it has thrown off some nice cash flow with regular dividends.

I like this one because people will always need hospitals and doctors offices.  Exactly what this REIT owns all across the U.S.

That is all for today.  See you again soon.




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