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COBeeMan

COBeeMan
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  • Thoughts On Prospect Capital's Earnings Release [View article]
    jr - "the high distribution doesn't do any good if you don't get any gain overall"

    It depends on the goals of the investor. My mother is 80 years old. She just needs enough income to pay the bills with a little left over. I have her portfolio paying around 16%. She only needs it to pay 12%, so we have a nice margin. As long as the assets don't go out of business (they are mostly ETFs and ETNs), she doesn't care about the prices. To keep the payments above 12% I watch for and switch out of areas that will soon be out of favor and into areas that will soon be popular.

    Your focus on total return is 1) irrelevant to her goals, and 2) would have seriously dropped her income in the recent market correction (and whatever is to come). As the economy goes through its ups and downs, so will her total portfolio value (with a little general growth overall), and her income will stay within an acceptable range.
    Aug 28, 2015. 06:42 PM | 1 Like Like |Link to Comment
  • Oil continues surge; gold on the move as well [View news story]
    Gumby - how is your comment related to making money, or the price direction of oil?
    Aug 28, 2015. 03:07 PM | 2 Likes Like |Link to Comment
  • Oil continues surge; gold on the move as well [View news story]
    I've actually requested a comment of mine be deleted in the past. I used the Report Abuse link and the "Other" option to explain why it should be deleted (it was a similar situation).
    Aug 28, 2015. 02:57 PM | 1 Like Like |Link to Comment
  • Thoughts On Prospect Capital's Earnings Release [View article]
    jr - Total Annual Return (goals) doesn't look forward - only backward, doesn't buy low, doesn't take any risks, has a short horizon, shouldn't be looking at BDCs, REITs, or MLPs in this environment, is much happier in the DGI camp.
    Aug 28, 2015. 11:49 AM | 1 Like Like |Link to Comment
  • Thoughts On Prospect Capital's Earnings Release [View article]
    GR - How long? The investors who bailed after a rate cut won't be back (hopefully), but the investors who are looking forward are waiting for signs of the whole BDC group to turn around and then they'll be piling into PSEC. The "long and short of the problem" is timing and goals. Everyone's are different, but many think they are all like theirs.
    Aug 28, 2015. 11:43 AM | Likes Like |Link to Comment
  • Prospect Capital: The Strong Quarter Should Help Silence The Bears [View article]
    OW1 - Aren't you 'assuming' the worst?
    Aug 28, 2015. 11:07 AM | 1 Like Like |Link to Comment
  • Prospect Capital: The Strong Quarter Should Help Silence The Bears [View article]
    OW1 - If PSEC is $10 in x years, and Javelina has the +70K shares plus the shares from his reinvested dividends at these share prices, what would be your evaluation of his long term choices? I suspect he never plans on selling so he will never actually realize a loss. However, at some point he will stop reinvesting dividends and all those shares will more than pay the bills+.

    What choices have you made, other than to ridicule others?
    Aug 27, 2015. 06:25 PM | 2 Likes Like |Link to Comment
  • REITs fail to catch bid [View news story]
    I prefer COP.
    Aug 27, 2015. 06:14 PM | Likes Like |Link to Comment
  • Prospect Capital NII and NAV on the rise in June quarter [View news story]
    OW1 - How are the quarterly results not healthy for shareholders?
    Aug 27, 2015. 05:49 PM | Likes Like |Link to Comment
  • Prospect Capital: FQ4 2015 Results [View article]
    I think that is it as well Matt. Timing is everything, and any investor wants to get the best price for their money. I don't think management was surprised that it would hit $7 and even planned for it (which would be why they didn't buy back shares at higher prices). They were probably surprised that it briefly went lower though.
    Aug 27, 2015. 05:15 PM | Likes Like |Link to Comment
  • Prospect Capital: The Strong Quarter Should Help Silence The Bears [View article]
    MP - That would be a very smart and long term strategy that would have taken foresight beyond a single quarter. Unlike most of the whiners.
    Aug 27, 2015. 04:19 PM | Likes Like |Link to Comment
  • Franklin Square Investment Corp. Has An Earnings Jump, While Its Share Price Does Not [View article]
    rafcaf - have you looked into BDC ETNs like BDCS or BDCL?
    Aug 27, 2015. 01:54 PM | Likes Like |Link to Comment
  • ETN Showdown: MLPL, A Great Play For An Oil Rebound [View article]
    31Oct - I'll bet the message is based on an automated screener for certain words or phrases like "dump" or "stomach" or "ridiculous", or any profanity. For some commentors these might be indicators of emotional ranting, but that is not the case in your posts at all. Just a coincidence!
    Aug 27, 2015. 12:56 PM | 1 Like Like |Link to Comment
  • ETN Showdown: MLPL, A Great Play For An Oil Rebound [View article]
    JB - Maybe just dip your toe in with 200 shares at $30 on IB for a $1 commission?
    Aug 27, 2015. 12:48 PM | 1 Like Like |Link to Comment
  • Is Gasoline Demand Really Falling? [View article]
    PEI - It is a good system. That risk of losing the stock is why I try to only sell calls on what I consider temporary spikes (unless I truly want out of the stock) because the calls will usually expire worthless that way. You might want to look up an online tool at borntosell.com; they have a free tutorial and blog on covered calls.
    Aug 27, 2015. 12:39 PM | 1 Like Like |Link to Comment
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