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Msg  3854 of 3863  at  9/26/2022 9:28:39 AM  by

patterj


 In response to msg 3853 by  ed81
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Re: BDC round-up

  I 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.
 
patterj


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Msg # Subject Author Recs Date Posted
3855 Re: BDC round-up PinewoodsBear 1 9/26/2022 11:35:25 AM




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