- Joined
- May 5, 2018
- Messages
- 26,551
Up $475. but not $2400 like a dividend
*Investors Blog*
- Thread starter Warstud
- Start date
Thoughts on BDC's post software selloff. Blue Owl bonds took the biggest hit among them as best as I could tell. I'm trying to decide whether to buy more. Blue Owl, Ares, HPS, Blackstone, Golub, and Sixth Street have a lot of bond issues out. Prospect's yield very well if you can stand the PIK risk.
Illiquid assets with no mark to market. Whats not to love.
Yep. I've owned the stocks off and on since the Allied Capital days. They've been good to me overall. The bonds I mentioned are investment grade with conditional downgrade puts on most of them. Prospect is top junk grade. At this point I would rather own the bonds. They've been good to me since I started buying them in 2022. They are a small part of my portfolio.
To me the risks/rewards of the "Broad market are gone for those older than 65. Considering future inflation (considering U.S. debt), the ability of china to produce Mechanical watches (not Quartz). Just to m any losers in such a BROAD market. And when you can invest in things that will be in demand like rare earths, gold, and silver. Some of these things have gone up 150+% in 1 1/2 years with no risk. SLV, GLD, REMX, GLTR, SLX, COPX, CENX.
Even USO that I bought a week ago is up 21%. That is not going to be winner beyond this week. I doubt I will have it this Fri. Sadly I only figured this suuff out at the age of 80
. Just trying to help others 
Wow nice turnaround
- Joined
- May 5, 2018
- Messages
- 26,551
I did two flips on Ares as it was up and down...I dumped the first shares for $275. Just to get it at a lower price as it was giving it... dumped the last shares now as the yo yo wore me out $1150.50 on that... I have a few days left to buy the dip after the record date. Have other stocks to watch..
.
.
I am not a bond guy. I however cannot figure out how OWL is still BBB when there business is imploding. Blackrock's TCPC just took a bond they were holding they rated at par a couple months before to zero. Zero. If they can't figure it out how can I?
What is the yield and what is the term? Seems like a SEC overseen short term high yield fund would pay more with less risk. There bonds are often secured and marked to market properly.
I have a bias against bond funds because during times of fear people sell heavily and the funds have to sell good bonds cheap to meet redemptions. Individual bonds I hold to maturity at least don't have that added risk. I've never had a bond default yet. I'm sure at some point I will which is why I diversify and stay pretty short maturity. My longest dated corporates are 2032 and very few of them. I have been nibbling at TIPS out to 2035 yielding 1.875 to 2.12%. Obviously not immediately recent. I will buy bond CEF's during selloffs when the discount widens.
Very few bonds have defaulted over the last 18 years. First it was unlimited ZIRP and the last 5 years have been unlimited liquidity. A few have failed lately. Your call on whether that is a canary or not.
So there paying 6% +/-. If the extra yield is worth it to you.
I've got several maturing with a year. We'll see how things are then. Thanks for your thoughts.
You are on to something. The segment is way way oversold. Pick the pepper from the fly poop and you could be a wiener!
Private credit going mainstream:
"March 11 (Reuters) - JPMorgan Chase has marked down the value of certain loans held by private-credit groups, a person close to the bank said on Wednesday, as investor worries mount for the $2 trillion industry over deteriorating credit quality."
https://money.usnews.com/investing/...ortfolios-of-private-credit-groups-ft-reports
"March 11 (Reuters) - JPMorgan Chase has marked down the value of certain loans held by private-credit groups, a person close to the bank said on Wednesday, as investor worries mount for the $2 trillion industry over deteriorating credit quality."
https://money.usnews.com/investing/...ortfolios-of-private-credit-groups-ft-reports
- Joined
- May 5, 2018
- Messages
- 26,551
I don't think it's a good idea to allow investors to get dividends for the full 3 months when they get in the last possible day, usually 2 days before the record date.
I did it yesterday because it's allowed but I don't think it should be that way. I'm not an investor so I wouldn't be in anything long term..
Your thoughts..???
I did it yesterday because it's allowed but I don't think it should be that way. I'm not an investor so I wouldn't be in anything long term..
Your thoughts..???
The issue/stock goes down more or less the amount of dividend so nothing gained except taxes in a reg cash account
Last edited:
Well aren’t you special!!
- Joined
- May 5, 2018
- Messages
- 26,551
Somebody's jealous
