I have a "non-diversified" portafolio half SFI prefered and half SFI Common. So all over the weekend was thinking what i will do with me sweet dividens, of course my master profesor will told me that i have to diversified, and that i should at least invest those dividends in another stock with a low correlation with SFI. But i believe SFI is a gold mine, so why i must "diworstified".
My final decision was to buy more common.
So where i am just waiting to know at which price will open SFI tomorrow.
like Fred Flinstone could have said: YABA DABA DOOO !!!!!
If i play my cards well i may have a monthly income thanks to SFI.
I'm been investing for 4 years now, airlines Jetblue JBLU, Headwaters (HW) construction, and high tech uses for coal, (IRBT) Irobot roomba vacuum, all of them looks innovative and a brilliant investment but till last last week i was some 40 % down on my portfolio. Since September/08 i have been gradually investing in SFI, and from December is the only stock i own ( common and prefereds), now in the worst market in my hole life I have 13% more that the sum of my inicial investment.. I think SFI could at least Triple my money.
With some luck we could all reunite in Las Vegas to party 2 years from now !!!
I wouldn't do that, but I'm 72 years old and probably have a lot less time than you to recover from a disaster. However, I certainly wish you luck, because I sure have a large percentage of my investments in SFI common and preferreds E and G. More than half of it is in the common. As for the preferreds, at 63% a year, it doesn't take long for the dividends to pay off the stock purchase price. It's amazing that they are still so cheap. And of course the common could double, triple or quadruple in a hurry.