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  • Prospect Capital: It's Time [View article]
    Can you name three BDCs that have these "more responsible managers", or are you just whining that someone else should take a pay cut for the work they do for you to get paid so much in dividends forever?
    Oct 3, 2015. 10:59 AM | Likes Like |Link to Comment
  • Don't Count On Prospect Capital's Spin-Offs Anytime Soon [View article]
    Do you always drive by looking through the rear window?
    Oct 2, 2015. 05:31 PM | 1 Like Like |Link to Comment
  • BDCL Still Attractive With A 20.8% Yield [View article]
    relo - since BDCL is an ETN, the payments are always interest paid on the note. BTW, brokers sometimes get this confused and have to send a revised 1099 after they find the error. DRIPing depends on your broker. I DRIP BDCL through ETRADE and TD Ameritrade, but Interactive Brokers doesn't do DRIPs. I've heard that some brokers don't allow DRIPing of this type of ETN. Even ETRADE and TD Ameritrade won't DRIP ETNs with low volume like DVHL and SMHD.
    Oct 2, 2015. 05:17 PM | Likes Like |Link to Comment
  • Prospect Capital: This Is All You Need To Know [View article]
    No Bill - it is a non-event, has been coming for 2 years, and changes nothing. Read Chris' most recent interview article where this is mentioned.
    Oct 2, 2015. 04:50 PM | Likes Like |Link to Comment
  • CEFL's Closed-End Funds' Discounts To Book Value Defy Logic [View article]
    Toofuzzy - This one does total return, and many other looks as well.
    Oct 2, 2015. 02:40 PM | Likes Like |Link to Comment
  • The Kryptonite Of mREITs [View article]
    MORL reflects the whole mREIT industry (at 2X leverage) which won't be going out of business but will continue to trend down at least until the Fed Rate uncertainty is resolved; or is that priced in?. Good bottom pickers can wait, but I'm DCAing now.
    Oct 2, 2015. 02:04 PM | Likes Like |Link to Comment
  • Risks And Rewards Of Investing In CLO Equity Funds: A Case Study Analyzing 4 BDCs And CEFs [View article]
    So, when is it "blood in the streets" time? That usually doesn't last and happens right before the recovery.
    Oct 2, 2015. 01:58 PM | 1 Like Like |Link to Comment
  • Prospect Capital's President Grier Eliasek: An Exclusive Interview [View article]
    phil0913 - this management, and the rest of their employees, are also shareholders. Simple question. Why do you care what they make; do you think the dividend is too low for the amount of work they require from you? Maybe you're just greedy?
    Oct 2, 2015. 10:48 AM | 4 Likes Like |Link to Comment
  • Prospect Capital's President Grier Eliasek: An Exclusive Interview [View article]
    phil0913 - what right do you have to complain and ask someone else to reduce their income? How greedy of you to want them to increase your passive income at their expense! Their fee structure is the same as the BDC industry standard and hasn't changed since inception. If you don't like it, don't buy the stock! Good luck to you if your investment strategy is to go around looking only for stocks where the managers get lower fees! You'll need it!
    Oct 2, 2015. 10:39 AM | 5 Likes Like |Link to Comment
  • Prospect Capital's President Grier Eliasek: An Exclusive Interview [View article]
    captain997 - I suspect many of them are DGIers who value dividend growth and total return more than high immediate income. Different goals. The sad part is when they can't understand the different goals of other investors and bash a company like PSEC because of it.
    Oct 2, 2015. 10:35 AM | 5 Likes Like |Link to Comment
  • 50/50 Portfolio (BDCs And mREITs) Q3 2015 Update - Exceeding Income Projection Changes Retirement Date [View article]
    Thanks for the update! I started playing with this concept after your first 50/50 article! The price fluctuations have been very scary, but the overall YOC has not dropped significantly, and I expect it to stay above my minimum. Two differences, I'm including some ETNs, and I plan to fluctuate the 50/50% to 34%/66% through reinvestments depending on which side has the best short term future promise (BDCs at the moment).

    One lesson I've learned is to not compare YOC to the current yield of a future addition. They are like oranges and tangerines and using them in a one-to-one comparison is misleading. When looking for an income upgrade, I now compare total actual income $ values, or current yield to current yield.
    Oct 2, 2015. 09:52 AM | 1 Like Like |Link to Comment
  • Prospect Capital: It's Time [View article]
    Mevo - Your statement is too absolute. Remember, ALL of PSEC management are also heavy shareholders...
    Oct 1, 2015. 10:13 AM | 1 Like Like |Link to Comment
  • CEFL's Closed-End Funds' Discounts To Book Value Defy Logic [View article]
    Did anyone buy MLPL at $20? I wish I did, but I was too busy with other things and not watching.
    Sep 30, 2015. 11:06 AM | Likes Like |Link to Comment
  • Selloff spreads to mortgage REITs [View news story]
    Jhalgren - I saw a poll last quarter than showed 48% believed there would be a rate hike and 46% there would not (6% chose "I don't know"), I think the a large chunk of investors just moved to the "believe it" side.
    Sep 30, 2015. 09:50 AM | Likes Like |Link to Comment
  • These Oversold Blue Chip Mortgage REITs Are Rising As The Overall Market Is Falling [View article]
    The term was derived from the blue chips in poker being the top value in the universe of poker chips. Every category of anything can have a top level as compared to the rest in that universe and therefore be referred to as "the blue chips of" that category. However, if you look up "blue chip" in Investopedia, they refer only to the noun version of the word (the Blue Chips) where it refers to the top quality level of all stocks.
    Sep 29, 2015. 05:35 PM | Likes Like |Link to Comment