63k in my regular account.
22k in my 401k.
I have been trading stocks for the last 15 years, I have reached a point were going forward I will only gamble with my dividend and not with my principle.
Good Luck All.
Could you mention all your other holdings? I am really interested in your personal financial
situation especially the split between the 401k and your taxable account
Thanks for sharing
"I will only gamble with my dividend and not with my principle."
I think it's kinda hard to do that since the stock price is heavily influenced by the dividend. However, I'm with you on PSEC: long 75,000 shares or $100k per year divy.
I'm serious, did you really buy that much and why are you posting this info. I'm looking into this because
I've been trading for 12 years and can't hold onto any gains. This doesn't move much, but if you have
5K shares you can still make a few hundred a day trading this. Do you trade this or just hold for the
dividends? I'm so tired of losing money. This seems pretty safe, as long as they don't cut the div.
Actually I wouldn't mind about the div, just as long as the stock doesn't drop too much.
Iam not buying psec for trading , It is only for income.
I will take the Dividend I get and play more speculatively.
I am a good trader but I am losing confidence with more money I have, more fearful I become.
Fear will kill you in this market.
I have been thinking about this move for some time and time is right.
If YOU are looking to earn 12% a year in dividend income.. Stay with PSEC. I have 20K shares and just keep collecting my dividends and I am very happy with it's performance. This is what I call Capital preservation. My capital is as secure as it can get,( while being invested ) will never see large capital appreciation, but I sleep at night and the income is as solid as it is going to get.
Hey nedelkay you are not alone when tired of losing money....I only have 15k of PSEC but with the $1655/month divvy I just sit in my rocker and watch the cows come home. PSEC is holding up well despite the current market shake down, just hold on and forget the daily up and downs! As long as management continues to generate new business we are okay. How PSEC intends to pay off a lot loans depends on the continued issuing of new debt...stock conversion in the future will really dilute but no worries at present Ha!
I think we will see many more people like you in the next couple months. This investment is going to be the place to be for steady income and solid returns. Yeas we will likely not see big gains in PPS, but that healthy dividend is sustainable for many years.
Great buy in,
Sentiment: Strong Buy