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Prospect Capital Corporation Message Board

  • alumilli alumilli Jul 31, 2012 12:31 PM Flag

    any suggestions

    Just received an inheritance consisting of shares in AGNC; ARR; MTGE; NLY; PSEC; Main; NGLS; and CYS.

    Would llike to consolidate these 8 into 4. I was wondering which of these (or others) the board would consider to be the top 4 for dividends and safety.

    Thank you

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    • Before you do anything learn alittle about your stocks.See if they are what your looking for.Your age,your risk factor,and time horizon.Only you can determine what your looking for.

    • Have a few bucks might try this stock APDN. Before any company can provide a microchips to the defense department, has to have a DNA marking provided by APDN. Do not think the market fully comprehends this statement... Stock is up about 24% today.... at a whopping .07 a share.

      • 1 Reply to laxdesign
      • Anybody buy this stock... Maybe to late, but maybe not. The stock is up 40% today. Considering it will take time for the company to man up to the task of somehow providing DNA signatures for all microchips used by the defense department, not sure what is going to happen. Right now the company will act as a funnel... no microchips sold can be purchased without a DNA signature code. Talk about a monoploly......

        Should be an interesting ride.... stock symbol APDN. Look it up in yahoo..

    • Sir, you said "safe". That and wanting to reduce holdings from 8 to 4 stocks makes me think you dont have time to watch the market.
      If that is the case you need to rethink your whole portfolio. These heavy divy stocks need to be watched.

    • kidshelleen51 Aug 6, 2012 7:35 AM Flag

      The best suggestion I can give you is to not listen to all these suggestions.

    • You need to sell NGLS before Aug 6 when it announces its Q2 earnings which does not look good and its price will drop. Its yield of 6.72% is just subpar. If you absolutely have to have a MLP, you will be better off with BPT which has a 8.11% yield. However, you should buy some TOT when its price drops below $44 because it will give you close to a 7% yield and with a lot of upside potential. Every portfolio must have some oil. You should not put any MLP in any retirement accounts. GL

      • 1 Reply to wiseinvestor338
      • I would comment on the idea of not putting MLP's in retirement accounts.

        I believe that a more proper statement would be to limit your MLP's in a retirement account. I own some MLP's in my IRA and have never come close to the tax penalty.

        Just do your research, and select good companies. Then learn about the tax implications. A bad investment is a bad investment. Some good investments just have some tax implications that need to be understood.

    • ARR is the best among all the REITs in your portfolio. Check its recent history yourself, it just keeps going up every day even when the market tanks. It is very undervalued.

      Sell Main, an overpriced BDC, will continue to drop; dump PSEC if it goes up more by November, next year it will go downhill.

      AGNC and MTGE are under the same management. MTGE is just a little bit better valued than AGNC. Sell AGNC if it goes above $35.50. Keep MTGE for now.

      Sell CYS; you can keep NLY but it will go down if market goes south.

      Buy NRF, NCT and RSO, these are better REITs.

      Buy EFC and SLRC, they are better than most BDCs. EFC had kept reaching new 12-mo highs.

      Do not know enough about NGLS

    • your better off expanding the portfolio to cover all these names.


      That is.. if trading costs make it feasible for you. I own all those names and they all pay over 8% dividends. More diversification is safer.

    • AGNC, ARR, MTGE, CYS, & NLY are all REITs, specifically mortgage EITs or mREITs.

      Though they all have strong yields, only ARR, CYS, & NLY have been "through" the mortgage crisis and survived. The others have management that are too young, starting in 08 and higher meaning they lack the experience of dealing with a crisis.

      NLY has been around the longest and actually called the crisis and prepared for it before it happened. Though it's highly leveraged, management has been around for a long time, they are the largest mREIT in the market, and they're highly respected amongst colleagues (CNBC has gone to them for view of mortgage market).

      NLY and CYS(low payout ratio and been through crisis) is what I would pick from the mREITs.

      PSEC is golden, and NGLS, hold on to.

      My 2 cents. If you want exposure to china with dividends, check out XIN & GA. Top notch companies paying dividends selling at EXTREME value. Happy Investing!

    • Definitely keep NGLS.

      Personally I'd keep them all. They all pay out distributions - they all make your taxes a bit more time consuming.

      Since its an inheritence I believe that your cost basis gets re-adjusted (I'm not an accountant so don't take my word for it). And a large % of your distributions will be tax free for a good while.

      If your determined to sell a bunch of these I'd keep NGLS and PSEC, and I'd go out and by another MLP - ATLS with the proceeds.

      Good Luck

    • Keep:

      Sell the rest and invest in Munis applicable for your state. Or other MLPs such as LINE, WPZ.

      Too many REITs in the original list to be diversfied.

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