sourdo

sourdo
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  • Retirement Strategy: If The Trend Is Down, Don't Fall Into The 'Buy The Price Trap'  [View article]
    @michsar
    And watch your debt. Especially credit cards. Earning 10% is great but not if you're paying it back to the bank. Except for a couple of emergency's, I've kept my BoA card paid off every single month for the last 17 years, and I use it for everything to collect the air miles and it's also a nice way to track your spending.

    Cheers
    sourdo
    Jan 26, 2016. 12:16 PM | 2 Likes Like |Link to Comment
  • Sizemore Capital 4th Quarter 2015 Letter To Investors  [View article]
    I like that thought of "being paid to wait" for stock prices to normalize.

    No way I was selling, instead I bought more Prospect. I was more than satisfied at the price I paid, $6/share.

    sourdo
    long PSEC, SLRC, GSBD and FSC
    Jan 24, 2016. 02:35 PM | 2 Likes Like |Link to Comment
  • Selling Dividend Growth Stocks: Reluctantly Ending 'Forever' Marriages  [View article]
    @six

    Very well put. If I read this right it is the ability to take a couple of steps back and look at the bigger picture. And the ability to ponder on possibilities.

    Think about IBM, Apple, Google, heck I almost bought Facebook back when it was $19 a share, was going to buy a 1000, but I thought, buy Facebook? Some thingy teengagers use? I didn't and of course regret it. Now that I use FB I understand what it's about.

    I like your remark about "brick and mortar" retail outfits. I live in Alaska and the free shipping from Amazon has me ordering stuff all the time. I get things way cheaper, especially the bulky items, and those still ship free. I bought 4 RV tires, mailed free.

    It's gotta be killing the local stores. The price difference is night and day.

    Cheers
    sourdo
    Jan 21, 2016. 01:29 PM | Likes Like |Link to Comment
  • The Real Reason Behind This Selloff  [View article]
    All I had to do is read the title and I'll give ya an answer, greed. Pure and simple.....

    cheers
    sourdo
    Jan 20, 2016. 09:36 AM | Likes Like |Link to Comment
  • Selling Dividend Growth Stocks: Reluctantly Ending 'Forever' Marriages  [View article]
    If I ever sell PSEC the number one reason will be of all the frickin reading that goes with this stock! The number of articles and comments is really something and at times mind numbing!

    cheers
    sourdo
    Jan 19, 2016. 03:11 PM | Likes Like |Link to Comment
  • Selling Dividend Growth Stocks: Reluctantly Ending 'Forever' Marriages  [View article]
    Where are the buyer's? The millions of baby boomers and younger who because of the crappy Social Security (what a pun) HAVE to invest if they want anything to live on.

    The age old argument of when to sell. Sounds more like market timing, something I'm not very good at.

    Back in the last debacle (2009) I picked up SCSS for a buck a share, later sold them for 7 bucks a share. I thought I was a real smart guy making such a wad at once.

    BUUUUUUUUUUUttttt, SCSS went on, all the way to $34 a share. Geese, hind sight is sure 20/20. So let's take this argument to the aforementioned stock, should I have held or sold? A 7 bagger is nice, a 34 bagger is mind blowing and it would have been a lot of money.

    There is just no way to know for sure is selling is right or not, time will tell if you're the smartest guy on the block or a total buffoon. I guess for me is to make sure in my selling that I get more gains than losses.

    I hear a lot about "taking your losses" for tax purposes. Some of us have a Roth IRA and there is none of that. Sure you don't pay taxes on gains but you don't get any write off's on losses either. This is a huge incentive to NOT sell. As long as the divy's come in.....

    A question to the author, on that first chart does the sell price include dividends? One of my pet peeves with TD Ameritrade, you can look at your gains/loss for any year, but no way to include the dividends on total gains. I had to put together some excel spreadsheets for that.

    Cheers
    sourdo
    Long on SLRC, PSEC, GSBD and FSC (to be fair I'm quite in the crapper on these, but I'm patient and have time to wait.)
    Jan 19, 2016. 10:53 AM | 2 Likes Like |Link to Comment
  • Prospect Capital Suffers From Extreme Bearishness, A Return To Reality Is Coming  [View article]
    I think Wells Fargo is a little late to the downgrade party. Maybe Wells Fargo wants you to panic and sell your shares cheap?

    sourdo
    Jan 18, 2016. 09:56 AM | Likes Like |Link to Comment
  • Prospect Capital: Fear-Mongering Doesn't Help, Consider The Facts  [View article]
    @louie82 Probably the smartest thing I've heard all week!

    Cheers!

    sourdo (and long PSEC and others)
    Jan 17, 2016. 10:30 AM | Likes Like |Link to Comment
  • Sell Everything: Cut Your Income Off To Spite Your Retirement  [View article]
    @djonespjones

    "Bulls make money, Bears make money, pigs get slaughtered."

    Simply put leave your emotions at the door please!

    And I'm to believe that you have never sold at a loss or had to shake out a loser? Sometimes the forces that drive the market, and there are many, can catch one by surprise. Everyone gets smacked in the face now and then.

    I'm a tough old bastard, I can wait it out.

    Don't blink!

    cheers
    sourdo
    Jan 16, 2016. 10:55 AM | 1 Like Like |Link to Comment
  • Sell Everything: Cut Your Income Off To Spite Your Retirement  [View article]
    It only had to happen to me once, the dreaded margin call.

    Never again.

    sourdo
    Jan 16, 2016. 10:19 AM | Likes Like |Link to Comment
  • Prospect Capital: Fear-Mongering Doesn't Help, Consider The Facts  [View article]
    At some point the panicky sellers will have sold and be gone. I think that point is coming soon. I've picked up 950 more shares of PSEC this week, definitely long and holding the course.

    The insider buys of December have me very intrigued.

    sourdo
    Jan 14, 2016. 12:51 PM | 1 Like Like |Link to Comment
  • Is This A Buying Opportunity For Business Development Companies?  [View article]
    Great article Buzz-

    When stocks are in freefall I'm a buyer.

    I'm all in now, tossed in $4000 yesterday and just bought 650 more PSEC for $6, sit back and let it all cook, I have lot's of time!

    Cheers to all
    sourdo
    Jan 14, 2016. 10:02 AM | 1 Like Like |Link to Comment
  • Panic Time?  [View article]
    I've had those days when I had to just do that, calmly, deliberately, push the computer off button, get up and just go away.

    I was always glad I did!

    And now we have those damn smartphones disguised as a computer.....

    sourdo
    Jan 13, 2016. 11:22 AM | Likes Like |Link to Comment
  • Panic Time?  [View article]
    Ughhh China.... I dabbled in Chinese Solar stocks once and was taken to the Chinese laundry. Never again.

    sourdo
    Jan 13, 2016. 11:20 AM | Likes Like |Link to Comment
  • Prospect Capital rings the register on Florida property investment  [View news story]
    Short interest jumped???? GOOD, I'll buy some more, thanks for driving the price of PSEC down for me!

    Cheers
    Sourdo
    Jan 13, 2016. 11:01 AM | 4 Likes Like |Link to Comment
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