Trimmed: YARIY, SEB, TICC, TCRD (closed), PSEC (closed). Decided I'd rather not have so much exposure to high-yielding bdc's at current prices. Rather have stocks with less yield with more chance for capital gain. (I don't expect much capital appreciation from bdc's. But of course, who knows?) I have trouble with bdc's, because for me to have a satisfactory $ return (not % return), I have to hold relatively large $ amounts. That's even if I diversify among several. I've found that if the bdc's I hold do fall, either one or several at once, the $ drop is more than I want - often larger than the distribution's I'd get over a year or more.
You've decided to sell the BDCs when you should be buying them (in my opinion). All the BDCs I follow have done really poorly over the past 3-4 months, I think due to them getting kicked out of some Russell indexes. Most are now below their book value whereas previously many were at or above book value. I'm not trading them, I'm just collecting the income, so I don't really mind the share price declines as long as they maintain the dividends. But at this point in time, with the share prices below book value, I think you should buy them, collect the dividends while you wait for the Russell thing to pass, the PSEC accounting thing to get resolved, and hopefully sell them above book value sometime in the next 12 months.
Cruise lines. Not sure what to do with RCL. Hold or sell? Swap?: I am considering buying NCLH. Any opinion? More retired people likely (?) to mean more cruise business.
I'm thinking of doing this one in September
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