Prospect Capital Corporation (PSEC)

[bar1080]

I track short term corp bonds and intermediate term corp bonds. Both have been tumbling for the past month. Vanguard's Intermediate Term Corp Bond index fund is off 0.55% today alone. That's a nasty drop for something that yields almost zilch.

Again, we see there's nothing dumber than "reaching for yield." (well, I guess playing penny stocks may be dumber!)

Stuff like PSEC can be very dangerous amid rising interest rates. At minimum, diversify intelligently.