April is historically the best month of the year to be invested, April 2015 might be the same. Last April I was 100% invested , I bet Inhirst was also and Kel was heavy cash. When enough Capital goes to cash we will have a long awaited correction. A good correction will give 2016 a chance to be a good year.
Inhirst good to hear from you, I had wondered what became of you. My wife also retired last month and we are adaption to our new life. That Stable Value Fund might become unstable in a downturn. Currently I,m 70-% cash, 20% oil and 10% BDC and SPY/VTI. I do think there is room to make money in some beaten down BDC like FSC under $7 ,MCC under $9 and PSEC perhaps at current PPS, no guarantees with this one. I do like oil majors, midstream and some non shale mids. Currently waiting on a oil pullback to add. I do miss my favorite cash Cow KMP, it's gains cover my other screw ups.
Hopefully we will have a downturn with rising interest rates so 2016 has a chance to be a winner. Not considering general market at this time. Now is a good time to form a watch list of interesting Bond and Stock ETF as we wait for correction. Best of luck to you, patience will win the day . Phil
I believe the majors will borrow to keep there Dividend intact . They can easily sell a negative rate Bond to our European friends when they need cash.
Selling a Call caps your upside. I do this only for short term like one week and often miss the rally. If you have a lot of shares try it on half the position.
ML is owned by BAC whom i do not do business with. Its too difficult to work with big banks. Vanguard seems like the best fit for me but if Fidelity comes through i will stay there.
I had another unpleasant Fidelity experience this morning. I deposited a fresh $150k and requested the free 200 trades they advertised. it seems you are suppose to request the free trades before you make the deposit. I was offered 60 free trades and was not amused. If they do not honor there ad i will move to Vanguard.
Agree 100%. There are too many alternatives to low volume securities. And worse are non listed REIT. I just don't understand the allure.
No idea what goes on a ETrade but the problem seemed to be a lack of liquidity . Nasdaq shows 5 small trades all day long with first transaction at 11:05 for 200 shares at $11.81 the day's high . I think I would get with ETrade for a real explanation from your regular contact. I have had a few issues with Fidelity that cost me some dollars and only got canned emails from some VP. But I do like Fidelities Pro Trader platform.
The devil will be in the details. The way management has handled this spinoff so far seems to have driven off retail investors. It remains to be seen if that was planned or poor communications. I sold 75% of my PSEC shares but greed overcame fear for the balance.
Gasfag on the Riveria having a good time with the pretty boys. Jeff displayed enough brains to cover and withdraw. Markfag on the other hand seemed a might careless and took it in the #$%$.
But KCAP is internally Managed:) We now know neither Internal or External Management does not necessarily means well managed.