08-08-2015, 01:16 AM
Having unfortunately bought at the 52 week high, a $0.55 annual dividend my div is only 3.8%; which is unacceptable in this market. I'm gonna see if I can ride it up a bit, then establish new positions in XOM and/or WPC, or add to my positions in MMP or EDP. All of these companies (save WPC) have better credit ratings and moats than VER, and I think in the long term may provide better investments. ARCP was an income play, and my timing was simply bad.
Energy is on sale, and if I get a little bump in this REIT, I can go shopping
On the bright side, MAIN is still working out very nicely--you win some, you lose some :-)
Ronn
Energy is on sale, and if I get a little bump in this REIT, I can go shopping
On the bright side, MAIN is still working out very nicely--you win some, you lose some :-)
Ronn