Nicholas Marshi is the Chief Investment Officer of Southland Capital Management (SCM). The Company is a Registered Investment Adviser in Santa Monica, California. SCM's principal expertise is in the area of publicly traded leveraged finance to U.S. private companies, including the Business Development Company industry ("BDC"), high yield bonds and floating rate loans. SCM manages two "hedge funds" devoted to equity investments in BDCs and other specialty finance lenders. The Company's first fund-BDC II-was launched in October 2009, and a second fund-BDC III- in January 2011. Mr Marshi also edits the leading website devoted to regular updates on the BDC industry entitled the BDC Reporter, with regular analysis on over 36 companies and on trends in this under-known sector. Check out www.bdcreporter.com. Prior to forming Southland Capital Management with Mr Hansen, Mr. Marshi managed two private equity firms: Kensington Capital Corporation ("KCC") and Southland Capital Partners "SCP"). Starting in 1990 and 1995 respectively , both firms were active in acquiring lower middle market private companies, principally in Southern California, in leveraged buy-out transactions. Before founding KCC, Mr Marshi was the head of the Los Angeles office of Kleinwort Benson Limited, a British merchant bank, from 1987-1990. Mr Marshi was involved in leading investment banking, lending and principal investing activities (both directly in middle market companies and in funds managed by Kleinwort Benson and other institutions). Prior to joining Kleinwort Benson, Mr Marshi held various positions with Citibank at locations worldwide including Athens, Dubai, Puerto Rico and London. Mr Marshi is a graduate of Tufts University (B.A.) and Harvard University (M.A.).
Invest in RIC's (Registered Investment Companies) because they do not pay income tax, must pass through taxable income to shareholders. Choose the companies with excellent, hard working investment managers providing the greatest yield. Purely a Buy, Hold, and Reinvest all income (all high yield) to increase ownership of the number of shares paying the income yield. Life long saver. Always lived below my means, preferring a nest egg to toys. Moved from saver toward investor by putting savings into money markets when the interest rate was at 18%. Later, focused on mutual funds plan to average 20% per year over any five year period. moved into stocks, working the William O'Neil, Investor's Business Daily/Daily Graphs plan to invest at break out. Focused in High Yield leveraged index issues requiring untaxed distribution of 90+% of income, i.e., Closed End Funds, Business Development Companies, and Real Estate Investment Trusts. Goal was to invest to earn distributions greater than my household expenses, and have exceeded that. All investments in retirement accounts, so tax is not relevant. Background in management, Army, Hartford Insurance Group, Roadway Express, a small home-use chemical manufacturing company, and, since retiring at 54, I am a long time seasonal tax preparer with H&R Block. BS @ FSU, MBA @ USC. Handle nonprofessionally nine portfolios for my self, family and three friends. Spend about thirty hours a week researching and working the investments. Am an absolute practitioner of the power of positive thinking, understanding that what I think about, my present state of mind, is what I create perceptually in my world and attract to me. Day by day, in every way, I'm getting better and better. I am a confirmed Bull, believing in the 16 year secular Bull market that began when the S&P broke through its old ceiling of 1558. Invest only in 2X leveraged income index funds invested in RIC's and individual top performers in each of the three RIC categories, which equates to a dozen approximately equal investments in IRA and Roth.
Currently, I'm an engineer working in the semiconductor industry, but I have had a varied career. I am nearing retirement. I came to the realization a few years back that I could not approach retirement and remain an amateur investor, that I needed to step up my game. Still in the process of doing that. Looking for and value. I can't imagine any non-investment pro finding their way around in the stock market, without a community like this one.
Update: Retired, as of 12/2015
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I'm 71 years old and have owned several manufacturing and retail businesses since I was 23.
First stock owned was 10 shares of Xerox given to me by my grandfather as a birthday present when I was 12. I really became involved in the market in the mid '60's and have been a self-directed investor since the early '80's. My wife and I have 2 IRA's, a Roth and a taxable account. I also advise and manage accounts for family members and friends.
My current goal is to add dividend income growth stocks for salary replacement in retirement. I also have a percentage of stocks in the portfolio for pure growth.
I am a long term investor, not a trader. When I get a stock I like, I will stick with it, as long as the fundamentals have not changed. Some have been held for 30+ years. I usually drip all dividends. I like stocks that pay at least 3.5-4% or more with dividend growth of at least 8-10% for the last 5 years, at the time of purchase.
Dividend growth examples would be mo and pm which are core holdings and are my 2nd and 3rd largest positions.
Growth examples would be patk and v.
Some of my holdings are: apple amzn bgs csco cvx cys d dmo duk eto exg f fbiox ffc fnmix fsphx ftr gd hd hrl ibm intc jnj jpc main mic mo mys nee nmz nrk nrz o ohi patk pci pdi pff pflt phk pm pnnt psx s sna so t tmus tpz utg vgr v vz wfc
I am an engineer, with 5 or so years until retirement.
I have been investing (learning) since I was 12 yrs old. Started with one share of Boeing and reinvested the dividends, and splits...it was an amazing ride!
Love the very interesting posts from the many, very knowledgable, folks on seeking alpha.
Interested in building a solid, diversified, retirement, cash flow dividend and growth portfolio.
I'm just an individual investor trying to build towards his retirement.
After due diligence, I post stock symbols on a dart board and fire away.
Other times I throw all the names in a hat and have my pet monkey pull out a name.
I'm really a nice guy. If I had friends they would tell you.
I retired in 2014 after spending 39 years at one company. I know that is not common any more. I have migrated my 401k and pension lump sum into dividend growth investing since then. It is an exciting time in my life. I am loving retirement, but then, who doesn't?