I crunched the numbers on PSEC in 2014 and from the IPO to that time PSEC has averaged a 4.9% annual return that is the Dividends minus the Capital loss. The average return is lower now. Have not crunched the SPY numbers for the same period as yet but I bet they are better.
I don't particurally care for Ackman but he will average out a winner over time but you will be a simple message board . Many people are cashing out of many Hedge Funds because many have done poorly of late.
General you have been hooked on hopeium for years. If you had invested in say SPY instead of A garbage high yield years ago you would have been way ahead and so would I . I learned my lesson.
I prefer a trend over chaos . I sold my last GARS @$10.425 ,bought at little GLD in PM and about 70% cash. Very glad for the market uptick to clear under water inventory .
Best avoid any stock where the management does not answer to the shareholders. Most REIT/BDC management act omnipotent. Best to surgical trade the garbage.
Staples has the consumer and small business office supply market sewed up in the Charlotte area. Two Staples in a 5-10 minute drive no OD or other competition except Walmart. WMT is the only big box that I trade.
Three cents is the magic number for LNCO,it was for YRCW anyway. YRCW went from 3 cents to 6 cents for a double without a Chapter 11 filing.
Linn Energy filed Chapter 11 today and plan to reorganize. No suprises and no position. Perhaps LNCO at some point but I would not touch LINE with a 10ft pole due to reduction of Debt issues.
RSOC has a variable yield but it's only variable up if interest rates rise at a certain time in the future . Most all common stocks have a yield that varies.
Not sure we can trust Russian Intelligence or The White House for correct emails. We might cross reference them with those hacked by China,Israel,Iran and my nephew to make sure we get it right :)
I simply has two positions and sold one. I have problems buying RSO-C at Fidelity. They will only let you buy it if you call a customer service rep. I talked to a rep and he had no idea why. I sent a email and received no answer. Fidelity providers very little information on RSO-C and for some reason does not want customers to own it. I have a few shares that I will just hang on to.
I don't think I will touch another stock with a spun off manager. The manager and the share holders interests are not aligned . I think I might stay with companies that replace poor performers instead of giving them a bonus.
Also sold RSOB @19.50 where it's been stuck for two days. Holding RSOC and 76% cash. I,m very thankful the market ran up and let me sell into it. Will be at the beach first wk if June with little to worry about..