think i said this before>BDC,s and CEF,s are your ENEMY in a down
market.Just keep track of the most beat up with a pretty good market cap
and buy when it turns.ed
This current market selloff was widely predicted and highly probable. My only BDC is ARCC. I suspected it would drop during this selloff and at some point would regain its price over time. I also am aware that my ability to time markets is no different than others: I am lousy. I own ARCC in retirement, so capitol gains are not an issue.
I sold about 25% of my ARCC about 8% below its $23.00 high.
I plan to buy it all back. My first nibble will be if it drops to $17.25 (25% drop) and I will add more at $16.10 (30% drop). I will continue adding if it continues to drop. It dropped to $5.00 during the financial crisis and $8.00 with COVID.