03-11-2015, 01:48 PM
BHN, thanks for the very interesting insight.
MAIN seemed a little more expensive to me than other BDCs but I dipped my toe into MAIN because they seemed pretty conservative and transparent from their reports. Like T, I intend to use the cash from dividends to add to other holdings and not reinvest for now. At around 1% of the portfolio, I'm not too concerned about the ups and down and I get to watch the results. I don't know about others but I tend to spend more time thinking about the business with a little skin in the game.
MAIN seemed a little more expensive to me than other BDCs but I dipped my toe into MAIN because they seemed pretty conservative and transparent from their reports. Like T, I intend to use the cash from dividends to add to other holdings and not reinvest for now. At around 1% of the portfolio, I'm not too concerned about the ups and down and I get to watch the results. I don't know about others but I tend to spend more time thinking about the business with a little skin in the game.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan