03-04-2022, 10:55 AM
High yielders are part of my game, but only half the time. There are a few (very few) with a 20year track record. They pay usually 6-8%, not 10%+. They have a hard dip when the macro looks rough, and they always survive because they don't manage with complete reckless abandon. I buy them when they crash and ride them up for 20-50% capital gain and collect the dividend. I don't like selling them when yield is still good but I know when risk/reward is out of balance. Ken bought RQI and ARCC on my advice and that is what I speak of. I am out. JSP is my last boring one I sold in JAN. A preferred fund with a normal 6% yield I didn't want to give up. Sold it in JAN and it promptly dipped 10% in SP. That is a 20 months of dividends I didn't give back. I'll likely be back in all of these after rate hikes run them lower which is HIGHLY likely.