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  • Retirement Strategy: Is Now A Good Time To Begin A Retirement Portfolio? [View article]
    @MFITZ, you may be correct that were at a peak and a correction is coming. HOWever there is no reason anyone cannot open an account NOW and be ready to buy.

    Nov 22, 2015. 10:49 AM | 2 Likes Like |Link to Comment
  • Deflation On The Horizon [View article]
    Is buying on margin even a reality these days? I shudder at the horror of such nonsense, certainly not a strategy in my investing world!

    Oct 30, 2015. 08:42 AM | Likes Like |Link to Comment
  • FSC - Analyzing The Continued Sell-Off, Opportunity Or Disaster? [View article]
    Good on you for starting a portfolio at a young age. It's all worked out for me in the long run.

    Just two suggestions,
    #1 don't sell low, you can wait out the market.
    and #2, any divys I get for the time being are being held as cash till the smoke clears a bit.

    Cheers and good luck!
    Oct 29, 2015. 10:27 AM | Likes Like |Link to Comment
  • True Management Excellence Is Reasserting Its Power And Importance [View article]

    "Complacency is deadly. For six years investors have been lulled into a sense that picking investment winners is easy, or at least something they have largely mastered."

    Wow, a perfect analysis! Very well said!

    At 60 yo and a DIY investor since the '90's I've made some great money and lost some great money, but in the end I've come out ahead but not from sticking my head into the sand box!

    There is a whole new breed of younger investors who got in after 2008-9 and are standing around scratching their heads wondering where the easy money went! Well ya'll gonna have to wait a few years for the next "round" girls and boys.

    In twenty years of self investing all I can say "It's a jungle out there and pay close attention!"

    Oct 13, 2015. 11:09 AM | Likes Like |Link to Comment
  • What Do You Do If You Haven't Saved Enough For Your 'Golden Years?' [View article]
    @Steve Condie-

    So how is what you say going to look, say in a year, if say a stock like PSEC bounces back in their stock price to NAV? Your time frame here isn't very long when you look at the big picture. And your assumption is that dividends will continue to decrease along with NAV? The same decrease in is happening across the board for many stocks as of late, this is just a natural action of the stock market, it goes up, then it goes down, but at the "end of the day(long term)" it always goes higher.

    I heard the same thinking the other day in another article and I felt like the assumption is that stock prices along with dividends will just keep going up, up, up forever and ever like in some fairy tale, and that just isn't the case. It's very unrealistic to think our market is some perfect money machine. It can be a money maker but it does take a lot of time and work in reading articles and managing your money. It is a daily thing for me.

    And the assumption for me anyways, is that anyone reading your article is managing their own accounts and will take action when necessary to preserve cash. And that means trading in or out of positions that become unfavorable.

    In your article you didn't mention (or I didn't see it) if the retirees had their house paid for. Now a house payment is a large chunk of the monthly bill. If you can lose that house payment you're on easy street my friends. I retired in 2008 at 53 (Union retirement), ended up working the following summer for 3 months and then called it quits for good(work in the Alaskan bush is long days of hard work). In 2010 I built my home(out of pocket), one of the funnest jobs I ever did! So my point is my home is paid for and I planned it this way.

    And in life retired is this fact, you don't spend near the money than when you're working. It takes money to work, car, gas, eating out all the time, having to pay someone to do something you don't have time for, ect. It's a fact for me!

    I started my Roth when I turned 50 as a place to save for later on. I've done so-so since then, about doubling my money to date, but in fairness I'm a bit underwater on some positions, like PSEC. But to sell low isn't an option. I'm a tough bastard and I can wait it out like I've done many times, and patience can really pay off! I just don't see PSEC going to zero...

    It's a guarantee that if I sell an underwater position, it will jump up the next day! lol....

    Good article in that it really gets a guy to think about his/her future!

    BTW, today I'm 60 yo, I take in about $62,000 a year and self pay my health insurance.

    Some things to think about also is this, at 62(or later) I can take SS, at 65 Medicare kicks in and byby to that $600 a month health insurance payment to about 1/3 of that (it then becomes a supplemental), at 65 I won't have to pay property taxes anymore, another 200 bucks a month there. Eating out gets cheaper too when you're an old geezer, love those senor prices!

    AND I have the option to go work anytime I want, but as I seem to be able to save up money to spend as I want just fine I don't have much gumption to work. My spouse who lives with me has a small income and she contributes also. Besides, summer is fishing and camping season, I missed out on enough of that in my working years....

    I have two payments left on my 2011 Silverado. I never miss the money ($600+ a month) so I decided that when the trucks paid off, I'm going to auto deposit that money right into a savings account, or even my Roth.

    My goal with the Roth is to keep managing and reinvesting my dividends till I'm 70. Right now I earn about $430/month in cash divys, my goal is to get that up to about a grand a month, I have a feeling I'll need it then...

    Oct 10, 2015. 12:26 PM | 5 Likes Like |Link to Comment
  • Prospect Capital's President Grier Eliasek: An Exclusive Interview [View article]
    I call it the "Poor loser syndrome", where you have to go back and repeatedly cruise the comments to justify your stupid decision to sell low!

    I seem to sense in this younger crowd that stocks will keep going up, up and up forever, not the case.

    It was a great run from 2008 and money was made, but the party is over, for now.

    Staying the course and long PSEC, SLRC, GSBD, FSC

    Oct 3, 2015. 11:12 AM | 2 Likes Like |Link to Comment
  • No bid for BDCs [View news story]
    "Be greedy when others are fearful....."

    I've been through this dog and pony show many times. Sure it's wonderful if you can time the market. But in the end the greed of man will prevail and stocks will once again sail high, as always.

    NOT selling, not worrying, the divy's still keep rolling in. You only lose when you sell, and I don't sell when others are in panic mode, if fact it's the other way around, I buy. It's when I make my best money.

    Sep 29, 2015. 11:17 AM | 8 Likes Like |Link to Comment
  • Prospect Capital: This Is All You Need To Know [View article]
    Great easy read. I have 4 BDC,s in my port, one is underwater quite a bit, but I've held it long enough with the divs I'm just about even.

    The market is in a downturn and it will pass. As I'm in this for the long haul and I like the money made tax free (Roth IRA), for now I will reinvest and diversify as I don't need the money right now. One thing I know for sure after 20+ years of a DYI, selling low isn't an option! Every time I've panicked in the past and sold low the stock price would recover.

    This article perfectly illustrates how my little excel spreadsheets work keeping track of my BDC's in a way TDAmeritrade doesn't. As I add the monthly/quarterly Dividend's I get a figure of "cost per share" that reflects not only price paid but the divvy too giving me a "real world" figure to consider.

    I like that way of looking at my port and I like this article.

    Sep 27, 2015. 11:30 AM | Likes Like |Link to Comment
  • Prospect Capital: This Is All You Need To Know [View article]
    I voted no...
    Sep 27, 2015. 11:17 AM | Likes Like |Link to Comment
  • What Lies Ahead For Dividend Stocks? [View article]
    I like the idea of having cash on hand in bearish times to jump on some beaten up stock to later capitalize on the fear mongering.

    Aug 15, 2015. 10:16 AM | Likes Like |Link to Comment
  • Has Prospect Capital Hit Rock Bottom? [View article]
    Fear mongers fall right into the shorts hands. This isn't my first rodeo and anyone who sells now, well, you'll learn.

    I have been reading the huge amount of articles on PSEC and the emotions generated.

    Maybe it's having 20 years of being an investor/trader and three market crashes that my skin is a little thicker or maybe I think this is all a bunch of hot air that will blow away when the sellers are done and the shorts are gone. I think were about there.

    Now I have 1500 shares and I still do not see any major fundamental reason to sell this stock, especially with the childish name calling and bickering going on with Seeking Alpha where apparently anyone can write anything they want! Panic is not a reason to sell!!! It is a time to buy! Panic is where I make money! My only regret at the moment is that I don't have any free cash to buy some more! At these prices? Hard to ignore. Yes I am a bottom dweller and have done nicely scooping up oversold stocks let loose by panicky sellers.

    Time will tell if I'm right. I will say this, I'm not worried one bit about PSEC or any other stock in my port.

    But I am worried about this loose cannon web site call "Seeking Alpha", don't buy into everything you read, after all it is the "internet"! The sheer volume of articles is enough to instill fear and I find the dynamics very interesting. Lol, maybe I should write an article about it.

    Did the shorts take advantage of the fear? Of course they did. Anyone who sold for a loss played right into the short sellers hands. PSEC, with the amount of articles, I am sure attracted a little too much attention.

    And the number one reason to dump PSEC I keep hearing over and over and over; "..the management makes too much money", "or they don't talk nice" or some crap good lord, lol, it's kinda funny in the big picture.

    Stick to the basics and leave your emotions on the table if your gonna play here.


    long PSEC and standing pat.


    Jun 12, 2015. 10:42 AM | 12 Likes Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    @11802571 Yea like there was a real choice there. Would you really want McCain/Palin running things???? lol..

    standing pat on 1500 PSEC

    Jun 11, 2015. 09:22 AM | 1 Like Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    "I've seen too many stocks go out of favor and then rebound with a vengeance,"......

    Me too! Usually right after I sell for a loss!

    Jun 10, 2015. 04:10 PM | 10 Likes Like |Link to Comment
  • Prospect Capital And The Barron [View article]
    @Javelina About the most made sensible reply I've heard yet!

    For instance, I own 2000 shares of Solar Capital (SLRC). I'm down (11.56% or about 5 grand), but I'm really up. When I count the dividends I am just above water. Even when SLRC dropped their dividend I held. I first bought 500 shares of SLRC in 9/2012 and have been adding since. It's all gravy from now on with that stock unless somebody drops an A-bomb somewhere.....

    In ten years I'll own this stock for nothing!

    Then it would be a great time to sell it all and go buy that new RV! I'll be 70 by then (If I'm not dead, lucky nieces, they get it all!)

    Jun 10, 2015. 11:33 AM | Likes Like |Link to Comment
  • PSEC: Portfolio Rehab, Step 2 - Know Who Works For You [View article]
    Your mistake was to sell at a loss, try not to put so much focus on the ton of negative articles. These blogs and comments, fun to read but when I step back this forum can be "over generating" fear. My friend, time is on your side, buy and hold, hold, hold. Look at the big picture. When I hear my other peers here talking in a calm voice, they are usually older retired, experienced traders. We know something, we know you can "wait it out" and still make money. 6 months is nothing.

    And to all the other "worrisome" readers, is your fear that management is going to run this stock into bankruptcy? Is this stock headed to zero? I don't think so.

    Pretty much the whole BCD sector is down. Typical for summer, people are outside more, NOT LOOKING AT A COMPUTER!!! (damn those smart phones! lol)

    A half a million + (so far) sockeye salmon are headed upstream in the Copper River in Alaska, I think I'll turn off my 'puter and go get some along with some fresh air! The best camping is where there is no cell coverage!

    gone fishin

    Jun 10, 2015. 11:16 AM | 1 Like Like |Link to Comment