Seeking Alpha

WmHilger1

WmHilger1
Send Message
View WmHilger1's Comments BY TICKER:
  • Prospect Capital's Rights Offering: A Pure-Play Value Added Subsidiary [View article]
    I voluntarily restrict myself to 5,000 shares of any single stock holding, or ~$50,000, whichever is lower, on a ~$2M portfolio. In that way, I can't get hurt too badly on any one stock. Your holdings in PSEC seem a little high to me unless you are working with a >$5M portfolio.

    Of course, with the lousy way that BDC, REIT, and MLP stocks have been treated in the past 2 years, I am down about $350K during this period. I hope and expect these stocks to come back up soon. In the meantime, I have been collecting about 12% dividends on them, so I haven't been hurt too badly! I also expect to make in all back on my principle, with a substantial gain on those I have bought recently at these sale price values!!
    May 7, 2015. 08:49 AM | 2 Likes Like |Link to Comment
  • Prospect Capital Cuts Dividend, Now Yields 11% [View article]
    What's past is gone. Don't cry over spilt milk. What you can get now is what it is! It is far better than the crap that cost me 77K in 2008 when several so-called blue chips went sour and left me with NOTHING but regrets! I am now down over 100K of on-paper losses since the first of November, but I am still getting paid an average of over 10% on my original investments, and I still have the stock for potential future capital use (;-} !
    Dec 8, 2014. 11:03 AM | 4 Likes Like |Link to Comment
  • Prospect Capital Cuts Dividend, Now Yields 11% [View article]
    And I also am positive, Javelina. A dividend of slightly over 11% still meets, and slightly exceeds, my criterion for MRHY! It doesn't hurt my 10% average portfolio dividend target more than a tiny bit. TEN PERCENT FOREVER; YEAH!!!
    Dec 8, 2014. 09:38 AM | 3 Likes Like |Link to Comment
  • Prospect Capital: Why I Don't Care If Prospect Cuts Its Dividend [View article]
    I haven't used it in some time. Try http://bit.ly/I81bHK
    Dec 7, 2014. 01:22 PM | Likes Like |Link to Comment
  • Prospect Capital: Why I Don't Care If Prospect Cuts Its Dividend [View article]
    nrb - Go to http://bit.ly/1Bqx34G where you will find many of my stock holdings listed in the upper third of the high yield BDC, REIT, and MLP stocks. I say "many" because I also evaluate them to pick only those that I consider medium risk (MRHY) and bypass some that I consider too risky for even my blood.
    Dec 7, 2014. 10:39 AM | Likes Like |Link to Comment
  • Prospect Capital: Why I Don't Care If Prospect Cuts Its Dividend [View article]
    Javelina - I don't own as much PSEC as you do, but I have about $50K invested in it. I also have about that same amount invested in each of 15 to 20 other BDC, REIT, and MLP companies. The average annual distributions from all of my stocks, including smaller slices, is over 10%.

    I have always said that, if I could get an average of 10% from my entire portfolio, I would be quite happy and could live well for the rest of my life on that! Well, I do and I am! So, as the author says, I don't much care if PSEC drops their dividends to 10%. I'll still be quite satisfied with it, and sleep well at night! Might even pick up a few more shares!
    Dec 6, 2014. 11:24 AM | 5 Likes Like |Link to Comment
  • Why I Sold Prospect Capital [View article]
    Roger, You seem to have a nearly identical outlook on income investing as I do, except that I am getting over 10% annual income on my portfolio and using it for living expenses for myself and my very cute 68 years old girlfriend, plus buying more stock with the average $5,000 per month remainder. GOOD FOR YOU!

    It appears that the author of this article, plus many others with the same thinking, are still hung up on market price and NAV. On the other hand, about the only time that I much care about MP and NAV are when I buy or, infrequently, sell stocks. As long as the companies in which I invest stay solvent and pay me reasonable dividends, I can live to the end of my days with what I am, or possibly will, get from my investments.

    ON WITH THE GOOD LIFE! Or, as one of my personal mottoes says, "The past is but a prologue to the present, and the future belongs to those who plan for it".
    Jun 19, 2014. 02:25 PM | 13 Likes Like |Link to Comment
  • Buy Prospect Capital After The SEC's All-Clear [View article]
    Mandolin - I own and self-manage stock in 55 different companies that pay me an average annual dividend over 10%. Five thousand (5,000) shares are in PSEC, and anywhere from $7,500 to $92,000 are in the other 54. I consider that to be adequate diversification. If any 1 or 2 companies fail, I'm not irretrievably hurt and, if Armageddon happens, we are all sunk anyhow!

    I am also about 100% invested and live quite comfortably on my dividends and capital gains, while they also provide me with funds for additional stock purchases when appropriate.
    Jun 11, 2014. 10:10 PM | 1 Like Like |Link to Comment
  • Buy Prospect Capital After The SEC's All-Clear [View article]
    You're right! I typed that message in a hurriedly and misquoted the yield, which is currently about 13%. Sorry.
    Jun 11, 2014. 09:42 AM | Likes Like |Link to Comment
  • Buy Prospect Capital After The SEC's All-Clear [View article]
    Now might still be a good time to buy PSEC, but the best time was when it was dropping. I bought a few shares at 9.85 and even more at 9.79. Haven't figured my total gain yet, but it is somewhere between $$600 and $2,000, without counting the LARGE additional gain that I will record on the 4,000 shares that I already owned.

    MRHY stocks DO sometimes pay off in significant gains besides the 11.045% dividends that PSEC is currently paying.
    Jun 10, 2014. 07:04 PM | 1 Like Like |Link to Comment
  • The BDC Portion Of My Portfolio [View article]
    Because SA doesn't like to provide direct links to other sites. It may even be a legal thing. Therefore, they convert your linkage to something else that will still get you there, as they did above (TWICE).
    Mar 17, 2014. 02:02 PM | 1 Like Like |Link to Comment
  • The BDC Portion Of My Portfolio [View article]
    I also like their idea of raising their dividend $0.000025, or something like that, every month. It isn't much, but it does accumulate over time. To me, with 4,000 shares, it adds a dime to my income every month, so that my total PSEC dividend rises $1.20 annually. Still not very much in the grand scheme of things, but it is fun to see that small increase each month, and a helluva lot better than a decrease!
    Mar 16, 2014. 09:24 PM | 4 Likes Like |Link to Comment
  • The BDC Portion Of My Portfolio [View article]
    Whew, Anonymous 2. My eyeballs glazed over before I could finish some of your sentences. Next time, please take a breath or two and insert a period or two while typing, so that we can do the same (breathe, that is). (;-}!
    Mar 16, 2014. 09:01 PM | 1 Like Like |Link to Comment
  • The BDC Portion Of My Portfolio [View article]
    Chancer, No to your question! The total amount for any individual state is usually low enough that I stay below their requirements for filing. However, I do include the appropriate state amounts for the state in which I live, and I used to include it for another state in which I did business.

    The state taxation departments don't even want non-residents to file in their state if the amount is trivial. It would cost them more to process it than they would collect. You would have to own a really LARGE number of MLP stocks to exceed any state's minimum for filing.
    Mar 16, 2014. 08:53 PM | 2 Likes Like |Link to Comment
  • The BDC Portion Of My Portfolio [View article]
    I own 17 BDC stocks (including PSEC. TCAP, KCAP, and TICC) representing 35% of my total portfolio, 16 REIT stocks of various kinds, representing 26% of my portfolio, and 15 MLP stocks that account for 27% of the portfolio. I guess that is pretty well diversified, while not being really diversified, since those represent about 88% of the total and a severe swoon in any one of those sectors might hurt me pretty badly. Oh, I would survive as long as at least some of them continue their dividends at or about the same level as presently.

    However, the rub of the matter is that those 3 sectors are just about the only ones that pay the type of dividends on which I insist! It is a tough world out there and a person HAS TO take on a certain amount of risk if they are ever going to get ahead. Sitting passively by just won't do it!
    Mar 16, 2014. 10:20 AM | 15 Likes Like |Link to Comment
More on PSEC by WmHilger1
COMMENTS STATS
1,400 Comments
2,717 Likes