Board members, I have been buying TCPI. It was a 6 dollar stock in Feb. had a legal scare and is now moving back to where it should be. The beginning of April it was under 2 and now has moved back to the mid 4's. The indicators I look at say an 80% buy. Check it out for yourself. You can drop by Home Depot and buy one of their lights--a quality product.
gamb;er, I own a few shares of BAC. and I have made about about 800 to 1000 dollars a quarter (before taxes) by selling puts as it has gone up.
Stagg, insurance companies are set up to make money. I have more than doubled my investment in CINF since I bought it six years ago and that does not include the dividends I have received.
Mark, I understand what you are saying, but I do have some low dividend stocks (MO, PM, CINF, T) and some non dividend stocks (TCIP, RKUS, HALO) in my bag of stocks. I'm stating that my portfolio is down for the second year. If it were not for the dividends, it would down much more. If I did not enjoy the market, I know I would be better off financially to buy the index funds, but what fun is that?
Stagg, this is the second consecutive poor investment year for me. I usually want to be fully invested and not keep money in the money market account where it earns almost nothing, but unless a real bargain pops up, I'm going to keep my dividends and await for more stability in the market. I think I'll look to buy after "Bloody Oct." GLTA
Sarge, I also like NMM, I like it so much it is now my largest holding. The dividend is good and I believe the share price may consolidate at a higher level. I made a mistake in an earlier post, my share average share price for NMM is 11.27. Even though the dividend is good, if it hits above 13, I may decide to take some money off the table.
Is anyone looking at NNA?
Kee, I plan to hold onto RSO. The dividend is pretty good and I believe the share price has a chance to move back up. I'm down, but after a couple of dividend payments I'll be close to even. NMM is now one of my major holdings with an average shared price of about 11.40. As I said, I sold WMC and plan to buy back later.
I sold WMC yesterday. My plan is to buy back when the price is lower after X-dividend. I bought NMM with some of the money. July and August are good months for me for dividends so I'll go shopping in the next couple of months.
Banks should benefit from the increase. The increase should not affect them that much, but it's the perception that will make them move .BAC and WFC are already moving up. When BAC raises the dividend ti should have a nice move.
Stagg, did not know you are under the weather. Take care of yourself, perhaps you should change from JD Black to JW Black. JW Black has medicinal benefits.
gambler, are you looking of getting back in SFL? I'll be getting some dividends so I'm looking to get back in SFL or adding some shares of WMC--not sure which one. I'll wait until after x date before I buy. I recently added to my NMM.
Bob, I appreciate your insightful posts. Taking money off the table at some point is smart. I'm also a long term investor, but sometimes get an itchy finger and trade too much. I have owned NYCB since 2012, my cost is just over 12. I could sell for a nice profit, but I prefer to hold on because it seems to be one of the very few stable stocks I own. With my cost, the dividend is a little over 8 percent and I can count on it every three months. I have other stocks which pay dividends of 12 to 18 percent with lots of movement up and down, but I feel I need some stocks such as NYCB, MO, PM, T to balance the other ones.
Good luck to you, and please continue to keep the rest of us informed.