I Just Sold One of My Favorite High Yield Stocks

Up until last week, 2024 had been a pretty good year for the business development company sector. The most popular business development company ETF, ticker BIZD, was up about 4.1% for the year before the selloff. Although that doesn’t sound much, you need to take into account the dividends, which these companies normally yield between 8 and 10% on average. If you took the reinvested dividends into account, you can see BIZD was up almost 10% in the first seven months of the year. This is right around the average return of what the S&P 500 normally sees in a year, and the BDC sector has seen this in just seven months.

This can be attributed to the larger dividends a lot of these companies are still paying while interest rates remain high. If a BDC holds a lot of floating rate debt, then it’s likely that they’ve increased their dividends, or have paid special dividends in the past year. Obviously given the market sell off things have taken a downturn for the time being. But one BDC in particular has been down quite a bit over the past few months, while the majority of the sector had been doing very well. As I’ll go into detail, this company gave a lot of optimism in their Q2 results, which initially motived me to remain invested in them. But what we saw in their most recent results threw a wet blanket on their ongoing issues.

[WillieNickell]

How do i make money from the market crash? i want to redistribute around $200K stocks in my portfolio. what strategy should I use to maximize gains rn.

[Makedrop]

My top picks for bull run are DOT, FIL, and SOL. And best ICO to invest is versidium, huge potential.

[Gary]

Have you considered what these BDCs will do if we enter a full blown recession? The recent weakness is just a taste. These are great to buy just coming out of a downturn and nothing but pain if you ride them all the way down.

[videopacvideopac]

2019 brookfield bought into oaktree (OCSL‘s manager), not into OCSL.

OCSL initially improved after oaktree took over OCSL in 2017 (OCSL had a different name before).

[SameerKumar-owdn]

Versidium is more than a crypto – it's a game-changer for the entire industry! Guys don´t miss!

[druvaciam]

Makes no sense to invest in BDC before rate cuts. Buy REITs while not too late.

[VictorSanchezVS]

Uh oh you didn't list call out abr or main? You don't believe in them?

[AnotherGringo]

I don’t fully understand how BDCs are affected with rate cuts coming. Can someone please explain? Shouldn’t we wait until after the rate cuts to buy BDCs?

[MrPotatoElectrode]

Sell Main next. They are preparing for a dividend cut according to certain financial experts.

[Duttonmuffins]

I recently sold some long-term holdings and now have $250k. What is a good buy now? Any recommendations for top-performing stocks would be appreciated.

[MisterHeartMusic]

Funny. Today I bought more of OCSL. 😂😂😂

I believe that Howard Marks will handle it. ☺️

[sarawilliam]

I've owned NVDA for over 8 years. It's been up and down, but I believe in Jensen Huang and will stick with NVDA until Jensen says otherwise. I know that sounds crazy, but when the financial statements/Jensen, (same to me) tell me to sell, I will. I'm sure I won't sell at the top, but that's OK.

[Mathew-zsnz]

Treasury yields and other safe cash-like investments are raising high returns, yet most investors believe this is a good time to buy stocks than gold despite crash. I'd love to spread across $400k into profit yielding dividend equities and end the year well, but unsure of which to get acquire.

[GrandPrix]

MAIN is my BDC of choice, I'll be sticking with them through thick and thin because they have a good team running things. I also really dislike quarterly payouts, lol. Need my monthly fix.

[chadgriffith]

The last time I invested in a stock that did extremely well was during covid, Moderna & Zoom stock. I am sad that I missed out on Nvidia despite having over 300k ready to be reinvested. Any suggestions on new sectors that could outperform for as long as AAPL?

[LasVegasStateOfMind]

Sold out about 6 weeks ago. Bought more O and VICI, , while leaser yield, stock values for O and Vici have been up. Great channel. Thanks for your comments always.

[MarcDunivan]

Do you post to Rumble, Bitchute, and Odysee?

[FxAndrej]

LOL. Everyone's a long-term investor until they see 2-3 poor quarters 😂

[logicae]

Huh, not sure about the tie in with BIZD but I own BIZD and MAIN. They have done well by me for the past 2 years.

[cryvn]

Never believed in OCSL, I bet on ARCC and OBDC