*Investors Blog*

[Pablo]

Right now I own PSEC and OBDC. Looking to add also FSK and MRCC. I own bonds of PSEC, OBDC, ARCC, GBDC, and Blackstone. I'll add ARCC if they ever have bad news. Right now they're the analyst's BDC pick. I like to buy on bad news. It's near 5 year highs which make me wait. I'm a mean reverting value investor at heart.

I owned PSEC awhile back got out.
OBDC I still own, this whole OBDE buy out has investors spooked, wish I had more OBDE
FSK get some neg comments, but really a huge winner for me
I own ARCC, doing great.
MAIN killing it for years.
BXSL is my largest money maker, I just timed it right after the drop/go public period a couple years ago
GBDC doing fine.
FDUS, GSBD, ARDC, TRIN, NMFC long time payers for me.
I hold MAIN and FSK bonds, bought on the cheap. Just never pay much attention to them but the MAIN bond matures 2026

Most all these are in tax free or deferred accounts, so I just re-invest. I have a couple in taxable accounts, take the cash, keep the basis high.

These, cash, my preferreds and bond funds, make my overall portfolio kind of boring when talking daily moves.

Enough geezer talk. Hahahahaha

And I sold some more NVDA call contracts. Sweet deal.

 

[Pablo]

Bought a little QQQI at close.

 

[bovine1]

I owned PSEC awhile back got out.
OBDC I still own, this whole OBDE buy out has investors spooked, wish I had more OBDE
FSK get some neg comments, but really a huge winner for me
I own ARCC, doing great.
MAIN killing it for years.
BXSL is my largest money maker, I just timed it right after the drop/go public period a couple years ago
GBDC doing fine.
FDUS, GSBD, ARDC, TRIN, NMFC long time payers for me.
I hold MAIN and FSK bonds, bought on the cheap. Just never pay much attention to them but the MAIN bond matures 2026

Most all these are in tax free or deferred accounts, so I just re-invest. I have a couple in taxable accounts, take the cash, keep the basis high.

These, cash, my preferreds and bond funds, make my overall portfolio kind of boring when talking daily moves.

Enough geezer talk. Hahahahaha

And I sold some more NVDA call contracts. Sweet deal.

I like boring that pay really good dividends. You got any preferred ideas?

 

[Pablo]

I like boring that pay really good dividends. You got any preferred ideas?

Methinks that ship sailed for the next rate cut but I could be wrong. I have NOT combed through the piles.

BACPRB, I bought so huge at COVID-19 T=1 month my spincter tightened and I could not bring myself to tell the wife. Let's just say it was over a million dollars in one preferred stock. I bought other preferreds then as well, I've sold all those off. We retired in comfort.

I own some odd ones that are hard to buy like EBGEF and some junk like FATBP. They just pay me.

Look at the banks, insurance companies, big finance. Think TBTF (too big to fail)
Here's a cut and paste from an ancient watchlist of mine. Not recommending these, not recommending buying over par. Hhahaha I see Riley on there.

PFH

STTPRG

USBPRP

PSA/PH

DUKB

GDV/PH

PRS

FRTPRC

DLRPRK

HIGPRG

WFC/PL

BCPRC

NSAPRA

UMHPRD

UMH/PD

AHLPRE

RLJ/PA

GSL/PB

NYMTN

CDRPRC

RILYP

 

[bovine1]

Thanks I appreciate it.

 

[SC Maintenance]

Well Ill now longer cry about taking a tiny to me lose getting out of NVDA when it didnt behave like I wanted. Dont misunderstand, Im not saying anything is wrong with the stock but I bail when things dont happen like I expect. Sometimes that can cost me, but the vast majority of times it prevents losses since I am only in for the short term.

I DO regret selling off some WMT and possibly GM (cant remember) but also bought META at the same time and that is still up so no net realized losses but no gains (meta unrealized gain of 2.45% at 12 noon today, which I would have had significant unrealized gains with WMT and maybe GM

I still like META and trying to decide if I walk on the wild side and buy more with the NVDA proceeds (or GM or WMT) I wish the market would trash for a few days *LOL*

$360B market cap loss here, $360B there - who's counting.

Selling a former winner that is now a loser is a smart move a lot of investors won't make. Excellent choice.

I do wonder what was up today. Someone leak Friday's jobs report?

 

[Pablo]

$360B market cap loss here, $360B there - who's counting.

Selling a former winner that is now a loser is a smart move a lot of investors won't make. Excellent choice.

I do wonder what was up today. Someone leak Friday's jobs report?

Look at the bond market and world events

 

[SC Maintenance]

Look at the bond market and world events

Yes but its been this way for a while. Why did everyone wake up this morning?

 

[Pablo]

Yes but its been this way for a while. Why did everyone wake up this morning?

Maybe yes

 

[Pablo]

Yesterday in Fidelity

 

[joekingcorvette]

Nvidia took quite a tanking. Hope it goes back up but September is historically a wishy washy month in the financial market.

 

[Astro14]

Nvidia took quite a tanking. Hope it goes back up but September is historically a wishy washy month in the financial market.

Yep. But we are in NVDA for a bit longer. We will see how it goes this fall.

 

[alarmguy]

Nvidia took quite a tanking. Hope it goes back up but September is historically a wishy washy month in the financial market.

If you have nerves of steel, today might be a good buy in.
I’m loosely thinking about a short term trade. These tech stocks have had wild swings but I doubt people are giving up on the potential of AI and they seem to bounce back quickly (until they don’t!)
I think the bigger issue is delays in NVDA’s new chip but isn’t that par for the course?

Most likely I’ll leave well enough alone. But what if someday Siri can understand what the heck I am saying and get text to speech right?
That will be a home run!

 

[Pablo]

If you have nerves of steel today might be a good buy in.
I’m loosely thinking about a short term trade. I stress loosely

This is from a guy (Tom) from my (old work) investment club:

"The NVDA story is still intact. TSM is at 100% capacity with their 3nm process. Press is reportiing that AMD and INTC are catching up with NVDA GPUs but as of yesterday, not the case. Its the NVDA software stack and developer training for CUDA that makes the moat so big. NVDA is selling off on sentiment and rotation to div and industrials for the expected drop in rate cuts."

It's odd, mid caps were off around 3% yesterday.

 

[alarmguy]

This is from a guy (Tom) from my (old work) investment club:

"The NVDA story is still intact. TSM is at 100% capacity with their 3nm process. Press is reportiing that AMD and INTC are catching up with NVDA GPUs but as of yesterday, not the case. Its the NVDA software stack and developer training for CUDA that makes the moat so big. NVDA is selling off on sentiment and rotation to div and industrials for the expected drop in rate cuts."

It's odd, mid caps were off around 3% yesterday.

I don’t know much about the company except what it does, but it’s funny you mention =

“Its the NVDA software stack and developer training for CUDA that makes the moat so big”

From what I understand no chipmaker even comes close in this universe to that statement (unless? Is always a question but I doubt it)

 

[SC Maintenance]

I thought the question had nothing to do with NVDA tech leadership, and everything to do its biggest customers slowing spending, because they only need so many datacenters when they haven't figured out how to monetize them yet? Either way, tech's not my thing.

What I do know is the dollar is up off its August Lows, the JCB has been able to push their currency up for a month, the vix is starting to spike, and money is pouring out of BTC. Laugh at that last one if you like, but BTC is a proxy for global liquidity, whether its a real thing or not. Doesn't look like a great set up this AM to me, pending other news?

 

[Pablo]

I thought the question had nothing to do with NVDA tech leadership, and everything to do its biggest customers slowing spending, because they only need so many datacenters when they haven't figured out how to monetize them yet? Either way, tech's not my thing.

What I do know is the dollar is up off its August Lows, the JCB has been able to push their currency up for a month, the vix is starting to spike, and money is pouring out of BTC. Laugh at that last one if you like, but BTC is a proxy for global liquidity, whether its a real thing or not. Doesn't look like a great set up this AM to me, pending other news?

Buy bond funds and keep stock allocations small.

I am still not sold on the mid cap hype.

Thing is, volatility, despite all the grap going on, despite all the poli stuff, the secular bull market is still breathing steam behind the curtain - and yet - we change on a dime.

 

[Pablo]

I did it again. Bought back my NVDA covered calls, sold new ones. I can keep doing this until some kind of base is established and buy another 400 shares perhaps.

 

[Pablo]

Twice more today. Latest, hope just expires worthless.

 

[joekingcorvette]

Yep. But we are in NVDA for a bit longer. We will see how it goes this fall.

Most people invested in the S&P 500 have Nvidia stock whether they know it or not.