PSEC is better that that. Below is a copy of wisejman posts.
I believe the only time period you could have bought your PSEC shares at around $17 would be around April-May 2006 when PSEC reached its all time high (please correct me if I am wrong) at 17.89 on 4/26/2006. However, if you look at Yahoo's historical price chart for it, at around a closing price of around $17, its adjusted price would be around 6.20 (adjusted for dividends and any splits). Therefore, even if you had bought it initially at around $17, your actual cost is really around 6.20, at today's closing price of 8.37, you still have about a gain of 2.17 or about a 35% gain, believe or not. That means if you would hold it till this April or May, you annual gain would be around 3.9%. Nothing to get excited but you would still have to pay a capital gain unless they are in an IRA account. Less
PSEC is one of the very few Dividend stocks that you could buy at a all time high, hold long term and show a gain of 3.9%. a little trading would improve that quite a bit.
By the way what did you do with BBEP? Personally i passed on all Shale and MLP for the time being and going light with the Majors.
I pick up a little chump change each week with XLE selling a Call on a up day like yesterday and selling a Put on a down day each week. I do believe Slicks idea of RYE would be good after recovery officially starts.
I agree sometimes RYE would be better than a Majors ETF but not sure now is the time. If this downturn lasts a long time the MLP and service companies will take a bigger hit than the majors.
RYE seems to be heavy Shale upstream and midstream MLP ETF the other we were talking about are the Majors. I am staying away from MLP at the present.
PNNT reports earnings Early Feburary and if there 9+% energy loans are not a drag they will do well. If they miss and correct I will buy some.
I also started a small position of SPY and VTI as long term holds. Plan to add a little on pullbacks and load up on Slicks big one:)
I chose XLE with 0.16 expenses compared to VDE with 0.12 because XLE has weekly Options. Today I sold a XLE Out of the money Call for 0.50 that expires this Saturday. VDE would be my second choice. Interested in your opinion.
MCC with a cut to a $1.20 Dividend and a PPS of $8.95 yields 13.4% is a good buy now. I started MCC again this week after selling for loss in . Currently in PSEC, MAIN,MCC and GARS. Little heavy in PSEC and light in the others.
Thats a free speech issue. Lets the trolls migrate to a venue that "quivers there liver", it makes no difference. There is plenty of room for all to seek what they need. I like PSEC and plan a long term hold with some trading after years of straight trading. I have no interest in arguing or communicating with those that exhibit trollish behavior. On the PSEC MB the long and short bicker so much that lifeless trolls are drawn to the BS, lets it be theirs.
Handjobfagmark , If you think you are in the drivers seat, why do you seem so desperate? You come across as one desperate puppy.
The Progressives want to make Carbon based energy as expensive as possible to make alternative sources more cost effective. More taxes and regulation are past of the plan.
After much analysis I will now make my call on oils price recovery. I predict a fast upward price movement shortly after I make a SCO purchase:)
The real problem is the bickering attracted trolls looking for the jollies with very personal, crude exchanges. A reasonable person cannot post there.
The answer to market volatility:
Germany to Offer No Return on Its Five-Year Bonds
Willingness to Buy Ultrasafe Bonds on Such Terms is Sign Markets Bracing for ECB Action