InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,794.76
(
0.00%
)
Post# of 1706
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

bar1080

Send PM Follow Ignore
Followers 253
Posts 28390
Boards Moderated 4
Alias Born 07/07/2004

bar1080

Re: Sone post# 1458

Monday, 04/03/2017 8:48:47 PM

Monday, April 03, 2017 8:48:47 PM

Post# of 1706
Quote me accurately: "As a near universal rule, anything paying over about 8% is dangerous."

Take a look at PSEC's dreadful chart between 2007 ($17) and 2016 when it fell to $6. Virtually all of these ultra high yield stocks have periods of freefall like that. That drop shows the danger, especially amid a raging bull market. Many go out of business and are forgotten. A few survive.

-------
I'm a lawyer, decades-long investor, and student of arcane investments (like BDCs). I study them... almost never buy them.

______________________________________________________________
Because the Good Life is Just a Pump or Two Away

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up