It tells me he's kinda dumb.... could've gotten 10 more per share a few weeks ago. He's probably trying to buy a new yacht.
I guess I don't fully understand what is going to happen. If I am not interested in the new companies, I retain 100% of my stock in psec? If I am, I have to 'sell or trade' it out for other shares?
I think the housing market has finally bottomed, at least in my area. Many other areas have been on the rise for some time. More houses are entering the market and people are actually buying them again. So, i think it's a combination of the low rates--- maybe not the lowest-- and the stock of housing that people wanting to buy being available. Frankly, all rates under 4.5% are not really a deal breaker for people who have been sitting on property they want to ditch or upgrade for family expansion, etc etc for a while, and now that their home is worth a fair value.
only if you drip, and then pull out those shares. so if the shares go to 0 before you pull, you're hosed. But i'm with ya... I've been in just shy of 3 years now and plan to stay here for a long time. Once i get a solid base up, i'll turn off drip and enjoy the income when i'm older. Assuming of course the note stays healthy.
I have the same problem, not with this guy, but with FNMA. she's a good 45% of one of my portfolios after buying it all the way down. On good days, it's REALLY good, on bad days, i want to jump of bridges. lol but I know it's all just paper until cash in day.
2007 bagger here as well... I've made the mistake of dripping those divs though :( I'm not a big holder either... some 400 odd shares now. I'm not selling.... no point really... but i am turning off my dripping if things don't start to turn around