01-03-2020, 07:33 AM
Sold some VHYAX.
Purchased starter position in OXLC.
Minor Add to PCI, finishing my position.
Reasoning (If you're interested):
Two years ago, I decided to start a dividend/income portfolio. VHYAX was my first purchase. Since then, I bought several individual stocks that overlap in exposure with VHYAX. I decided to reallocate my profits from VHYAX to lessen the doubled exposure.
OXLC is my high risk, high yield purchase for 2019. Although, I'm already starting to get cold feed. By investing a very high yield CEF, I can invest in lower yielding, lower beta stocks with the rest of my portfolio and still reach my dividend income goals.
I "moved" PCI into my Roth IRA and finished out my position.
Purchased starter position in OXLC.
Minor Add to PCI, finishing my position.
Reasoning (If you're interested):
Two years ago, I decided to start a dividend/income portfolio. VHYAX was my first purchase. Since then, I bought several individual stocks that overlap in exposure with VHYAX. I decided to reallocate my profits from VHYAX to lessen the doubled exposure.
OXLC is my high risk, high yield purchase for 2019. Although, I'm already starting to get cold feed. By investing a very high yield CEF, I can invest in lower yielding, lower beta stocks with the rest of my portfolio and still reach my dividend income goals.
I "moved" PCI into my Roth IRA and finished out my position.