05-15-2024, 01:17 PM
(05-15-2024, 12:06 PM)stockguru Wrote:(05-15-2024, 06:56 AM)NilesMike Wrote:(05-01-2024, 03:02 PM)NilesMike Wrote: Bought ARCC @ open 20.55
Down opening after good earnings 9.34% dividend yield, yes sir may I have another!
Finished the hat trick at yesterday's open.
MAIN @ 48.95
HTGC @ 19.09
8.33% average yields
These are good, but i feel like your buying these and chasing yield at the high. Both are at a 5 year high. If you wait better buying opportunities will come. If you look at the charts they both correct significantly over the past few years. Just an observation. STAG is a name I own. At least this one hasn’t seen a high yet lol
I own MAIN, HTGC and STAG. All have done very well for me. I bough most during the pandemic and near the lows. I do agree that on those monthly dividend names you are buying at the peak. Plenty of buying opportunities will come. But when you see an 8% yield your first instinct is buy. Who knows with the way the market is right now they may go up another 10% lol
I have to say its hard finding any buys right now in the market. And when that's the case, I start trimming. So today I did just that
I did buy some monthly dividend names that trade in a $1 radius and pay out 5-6% yield. These are the kind of things I'm investing in for the rest of year and into 2025. Also opened up a SOFI account and parked cash there and earn neatly 5% a month.