@armchairincomechannel FYI, STK is close to its 52 week Premium low. It rarely goes below it's Premium. Now is a good time to start adding, buying more if it drops more.

STK is a hidden gem!

Mixing growth and income can make a lot of sense. Keep up the great work!

Thanks for your feedback and your words of encouragement. I'm working on a format to do exactly that :)

I like to hear your thought process in terms of what remains in your top 10 and why some names are dropped. Thanks for sharing.

MAIN has a decent performance too

MAIN has a great short term and long term performance history.

ARCC has been solid for long time.

😜 I highly recommend it! Feb to April is ideal for the Central Coast.

I’m also enjoying a nice little SPYI + SVOL, seems like a good combo

Thanks for sharing! My SVOL position crept up to 5% which is my cap.

Glad it was helpful! I was enjoying retirement and wondering why more people don't do it sooner so I decided to make a channel about it.

Thanks for sharing.

They are yummy. I didn’t completely sell my BDCs for the same reasons.

Thank you kindly. Always appreciate your support.

Good point, I should have addressed that. I'm at 5% for each of the top 10 except RQI...just started buying that one.

@@armchairincomechannel Thank you Sir

I wish you well with your research :)

Great to hear! I can highly recommend early retirement. Freedom is priceless. In hindsight I would have bought less stuff and retired sooner.

Glad to hear it! More to come :)

Thanks, that's very kind of you. CNBC has more sponsors than me...what's up with that! In Vietnam for a while longer but am enjoying Southeast Asia in general. It's a wonderful part of the world.

@@armchairincomechannelwhat’s her name?

My pleasure!

If I can make you think then I've accomplished my goal :)

You’re welcome 😊

Thanks for your worlds of support 😃

Glad you enjoyed my humor as much as I enjoyed the springs rolls. 😃

Thanks for your feedback. I don’t like selling either. Especially during a correction.

I agree 😀

Hi, that's a great question. I don't generally overweight the highest yielding investments because they usually come with higher risk. I'm trying to balance risk vs reward. Choosing investments is an important topic and I plan to make a dedicated video about it.

@@armchairincomechannel thanks for the quick reply! yeah, this is precisely what i am talking about - the methods by which you measure "risk". I know you value long term consistency from your other videos, but i'd like to understand as much criteria as you can share. possible having a particular mix of equities, REITS, and treasuries too to balance the market volatility. look forward to the video!

I live in the US for 20 years so I lost some of it. My family thinks I sound like a "yank". Welcome to the channel!

Hi, and thanks for your feedback. I'm working on a format to share my portfolio in a format that's easier to update than a video (videos take a long time to make and age quickly). So the answer to your question is "yes".

Thanks for the suggestion. I haven't taken a close look at FSK but I noticed that its one of PBDC's top holdings.

Cup of Coffee and taking notes in my investing journal 😊😊

I like to hear (read) that :)

Great to know, I appreciate your kind words. Hope you had a good weekend :)

@@Dividendflywheel Exactly! Love these videos and content so much...

@@armchairincomechannel6 more years and I will retire. Your channel offers a blueprint of what to do

I covered quite a few stocks and funds in that video so I'm not sure which one you're referring to but thanks for your insight on term structure. I like income and appreciation, in that order.

Great minds think alike 😀.

Thanks for your feedback. Those concerns are worth thinking about for sure! RQI and PFFA have both suffered under high interest rates. If high interest rates continue that won't change. I'm assuming interest rates will fall one day...but I can't predict the future. I've seen arguments for and against the acquisition of HESM. So far the market seems to love it...based on the price action. I'm in it for the income, not the price action.

Thanks for your feedback. We have a similar approach. 😀👍🏼

Thanks for your kind words. Keep at it. It’s a payoff that’s worth the effort. Starting early makes it so much easier so stick with it!

Those spring rolls are light and crunchy and the shrimp is so fresh. Not a travel channel but I'll try to show more of Vietnam in the background to add some variety.

I appreciate your feedback and words of support!

I don't get into tax strategy because it differs by country. SPYI is quite tax efficient. Most high income is less so.

Thanks, will do!

I appreciate your words of encouragement; it's great motivation to make more videos :)

Thanks for watching!

Great job watching and commenting :)

Giving you stuff (income ideas) to chew on is exactly what I’m trying to do 👍🏼😀.

Then we have a few things in common :) Glad you enjoyed it. Doesn't suck being here either!

It has its pros and cons. Nothing is truly “safe”, hence the diversification. The performance is affected by interest rates.

@@armchairincomechannel If there was a time to get in, it could be now since there's talk of future interest rate cuts in the future. Once they cut rates, it should send the shares higher... but predicting the future is hard.

EOI has treated me great, and EOS has as well. Currently dollar cost averaging into ETY as well.

Thanks for the suggestion. Looks interesting. I'd need to understand what happened around those 2008 GFC distribution cuts.

Thanks for the suggestions, will look into them :)

Thanks for watching!

Much appreciated!

Glad it was helpful!

My pleasure :)

Thanks for your feedback. Your rotation comment is well taken. I didn't sell out of the 5 but I trimmed them back for the reasons given (price appreciation and seeking additional diversification). Going forward I expect less churn over a similar 6 month period.

I'm not a fan of a sudden transformation of investment strategy for 2 reasons: 1/ The learning curve and 2/ Trying to time the market. A sudden transfer puts a lot of pressure on you to pick the "right" investments in a short time period. The reality is, if you focus on a style of investing you'll gradually get better at it over time. Psychologically, a large sum transfer, creates a win/lose outcome. A gradual, regular transfer over time smoothes out the results. I think annuities are suited to people who don't want to / can't manage their own investments, ie less downside and less upside.

@@armchairincomechannel Thanks for the insight. Right now we primarily have exposure to the market via target date funds, a few mutual funds and a large amount of index funds. We are not day traders, more of a "set and forget it" style of investor. I think there is still a window for using income investment rather than annuities even if the strategy is a diverse but not tightly managed portfolio of income generating investments, just not sure how we plan to start our journey. I'll consider your opinion strongly.

I chose to sell my AFT because I didn't want to end up holding MFIC.

Most of that is irrelevant. It's an SEC regulation that requires BDC funds to include regular OpEx from the BDCs as part of the "fee". It has nothing to do with management fees. Actual Management fee is a fraction of that.

What are you waiting for? It's amazing. I should have moved to SEA sooner.

My max allocation is 5% and I've allocated that to all of them except RQI, which I'm easing into at the moment. Each person will need to figure out their own allocation based on their appetite for risk, tax situation, etc.

I haven't invested in Europe or as a European investor so unfortunately I don't have much information to contribute on that subject. Sorry to hear about all the restrictions that Europeans have to deal with when trying to buy US stocks and funds.

Or wildly risky…depending on your perspective. 😃

I was in Vietnam for 2 months but I don't reside there. My go to recommendation for Non-US investors is Interactive Brokers. I use and like them. Anybody investing in US stocks will pay tax on the income they receive. Brokers withhold tax to ensure that it's paid. The withholding rate generally ranges from 15 to 30% depending on the country.

Yes, YMAX is off to a really good start. 👍🏼Let’s see how it does during a tech correction.

Thanks for the visit

Yes! and make your check out to "Armchair Income" :)

Glad I made you smile :) I love diversification but I can't keep track of 100! I'll cover my other positions in the near future.

@@armchairincomechannel OK, so I have to wait for my retirement... :)

Nobody knows what will happen during a black swan event because each one is different. I'm more focused on income than price so even though it would be ugly to see a drop like that, as long as the dividend continues, then the investment is doing its job.

Thanks for watching

We have similar taste in asian food and income investments. I've been through the Panama Canal but haven't hung out in Panama City. I hear good things though! Loving Vietnam at the moment and have spent a lot of time in Thailand.

mREIT risk is too high for me. However, I do like ABR and hope to go back into it when the FBI probe concludes (assuming they find no wrongdoing).

@@armchairincomechannel thanks for the reply i appreciate it and great channel.

I wasn’t a fan of AMZA total return or the distribution history compared to HESM. I don’t like CEF funds of funds but I like PBDC…and holding a few BDCs too.

I like tech too, but I don't want to be 100% invested in it. You're wise to avoid anything you don't understand. Here's a BDC guide to get you started. systematicincomeinvesting.com/wp-content/uploads/2021/04/Guide-To-BDCs.pdf

You're welcome!

I haven't looked into REM because the distributions are too volatile for me in retirement.

It costs me 11% in yield (less 5% paid on cash equals 6%) to sit on cash. I think the risk is higher for buyers focused on stock prices than for income investors focused on the income stream. If you want to time the market then now there is more risk of a correction. I don’t try to time the market.

My yield on cost is just over 11% and I'm withdrawing 8% of that and reinvesting the rest. If interest rates fall dramatically then I may need to reduce that to 7%. As for a market crash, I'm focused on stocks and funds that I expect to maintain their dividends (or make minor cuts). I'm not worried about price volatility; mostly focused on the income. During correction periods, my reinvestment dollars will buy at more attractive yields. During the pandemic crash I didn't trust this philosophy enough and I held too much cash. Lesson learned. Reinvesting 30% is good advice! I have no debt and low overhead so that reduces my stress too. To answer your question, I could reduce my travel expenses and live off approx 5% if needed.

@@armchairincomechannel that’s an outstanding approach and exactly what I would do as well. Keeping fixed expenses low relative to overall expenses adds a lot of flexibility and resiliency to your financial picture. 💯 Confidently buying shares of your holdings at depressed prices with reinvested income is a cheat code to improve the mental and emotional aspects of retirement. I don’t think this fact is ever emphasized enough in the YT finance world.

When I quote a yield its the trailing 12 month yield (total of the past 12 months distributions divided by the price). If the fund is less than 1 year old then I annualize the yield. SPY is great for accumulating wealth while you're working. In retirement, my goal isn't to continue accumulating the largest nest egg possible. My goal is to maintain and grow a consistent income stream that pays for my life. Those are 2 very different goals. If you could sell SPY at or near its peaks so that you don't need to sell when its in a bear market (eg 2022) then SPY will work in retirement. I don't believe in market timing so that doesn't work for me. Alternatively, you could sell some SPY every month to pay the bills. It would easier when the market is up, and not so much fun when the market is down. Some of it is luck. If you happened to retire at the start of a bear run, then selling your nest egg to pay the bills would suck! I'm guessing you're not yet retired. While paying the bills with a salary, a bear market is annoying but it doesn't affect your life. If you're relying on selling SPY to pay your bills then a bear market can affect your stress level. In hindsight it looks easy, but at the time, there's no way to know if the bear market will last months or years. Thanks for the question!

@@armchairincomechannel first - thank you very much for your considerate reply. all of your points are well taken. for sure, as we age the requirements of the portfolio change as well. and while i understand that it might be difficult to compare, i would be really interested to see how your example portfolio did in 2022 vs. SPY. I'd venture a bet that it probably wasn't the 10-ish % that it is now, and may have fluctuated on a level commensurate with SPY. possibly some of the covered call ETFs might do well in a down market, but you'd have to invest heavily to make a difference i guess. I guess what i am saying here is that i probably need to do a bit of deep-diving into how a bear or at least a ranging market yield for your type of portfolio might compare to a SPY. Certain in a bull market SPY makes sense, but it will suffer in a short term if there is a down turn. Again, thanks!

I’m not a fan of gold but you ask an important question…how to approach a correction. Thanks for the suggestion.

Unless I've discovered an amazing deal (rare), I ease in slowly.

Yes...before the end of this month (April).

HESM does not distribute a K-1.

Yes, SVOL doesn’t like a VIX spike.

Tech is richly priced but I would never be 100% out of tech. I don't try to time the market or sectors.

ARCC is 11% of PBDC so technically to achieve my 5% cap I should limit my ARCC to approx 4% and PBDC makes up the rest. I haven't been that precise. I like the debate within the FB Community about different levels of yield...some that focus on a lower yield than me, and some that chase Yieldmax, Defiance etc. I will share what works for me but I don't think there's one level that's perfect or ideal for everybody.

You're welcome. I just checked the yield for PBDC on Seeking Alpha and its 9.10%. I've never seen it as low as the number you quoted. Perhaps you made a typo when entering the ticker.

@@armchairincomechannel Darn dyslexia strikes again. :) Thanks for setting me straight. On a completely unrelated note, I know your channel is dedicated to dividend investing for retiring, but I've heard you mention several times that you retired to SE Asia, and I'm curious if you have ever considred producing a video that covers retirement in Thailand, Vietnam, Indonesia or wherever with all the considerations, risks, benefits and everything else. I suspect it would be really interesting. Personally, I've travelled quite a bit in that part of the world. I speak Indonesian reasonably well, but I had never even thought about the possibility of retiring there before I heard you mention it. Thanks.

I would have bought the resort but I spent so much on spring rolls I can't afford it anymore.

@armchairincomechannel Well, that sort of thing can happen when your not addicted and can quit any time you want.

I don't think one is right, or better than the other. It depends on your personality. I like the process and the outcome of income investing so I'm happy to spend time researching and managing 30+ stocks and funds. I understand that another person might dislike the process. Perhaps 30+ investments would deliver better performance, but they'd be happier just holding 3 ETFs and not spending time keeping track of a large portfolio. So in short, 30+ investments works for my goals better than 3. I like the diversification as it reduces risk.

Yes, RNP is a preferred/REIT combo 👍🏼

I should have covered that question 😃. Each are 5% except RQI which is the newest addition but I plan to increase it to 5%.

@@armchairincomechannel Okay; thank you.

Haven't shared my complete portfolio but I'm receiving a lot of requests for it so I'm working on a format that allows me to share it and updates to it.

That is good news🎉 I am very curious. Thanks a lot

Like arcc.....have svol but a little concerned about huge drops on the stock pullbacks

We can't agree on everything. Perhaps you'd like Banh Mi :) Thanks for sharing your favorites. Will take a look at NMFC.

You're welcome

The 2020 dividend cut for ET freaked me out a bit. I'd need to understand what happened there. EPD is on my radar and my accountant gave me the green light to deal with K-1s. Will be looking into it further; thanks for the recommendation. I love the EPD distribution history!!

I think you're referring to ARCC. It makes up 11% of PBDC and you're right, no need to own both as there's overlap....just keep an eye on PBDC because the holdings do change!

@@armchairincomechannel Oops, yeah, I meant ARCC (always get those 2 mixed up).

Yes, quarterly. Special dividends are part of the investment revenue pool. So you don’t miss out on special dividends.

Most of that is irrelevant. It's an SEC regulation that requires BDC funds to include regular OpEx from the BDCs as part of the "fee". It has nothing to do with management fees. Actual Management fee is a fraction of that.

I like and own SPYI and I made a video about it. "Good" is in the eye of the beholder. I like it for income.

Hi, we have a few investments in common. I'm in Vietnam for about a month. Originally I was born in Australia.

Commercial real estate was my career; along with some residential investing on the side.

I was in Vietnam for almost 2 months, mostly Danang. Pros...nice people, delicious food, Grab is cheap and fast for transport, cost of everything is low. Cons...noise, but if you're on the city side rather than the beach side its less noisy. I highly recommend visiting Danang and Ho Chi Minh City but check the weather first. I left Danang because its getting too hot and after the heat wave comes the rain. March/April in Danang were excellent. Also check out Chiang Mai and Chiang Rai in Thailand, they're both user friendly. Best weather months are Nov/Dec.

@@armchairincomechannel very helpful info - thanks! So it sounds like you left Vietnam already? Where are you staying currently and how do you like it there?

In most cases, yes. But based on historical data, not always. Some are flat and some enjoy modest appreciation.

I’ll send you a live link to my exact GPS co-ordinates if you promise you’re not a stalker. Just kidding. The last video was shot in Danang. There are a lot of areas to explore in Vietnam!

That is so cool, years ago my dad said he loved Danang out of all the places he had been. He was in maritime on ships.​@armchairincomechannel

It's an awesome program, but don't tell anybody ;)

@@armchairincomechannel It'll be our secret. But, if the orange guy gets into office here in the land of milk and honey---I may be heading that way too.

I've thought about it. A lot of people asking for portfolio info and updates. I'm not comfortable charging money for that, so I'm working on a free solution. Should be ready in a month or 2. Congrats on your retirement, now you have time to fine tune those BBQ recipes. If you haven't already, consider joining the Armchair Income Community (also free).

Yes!! He didn’t mention them did he? I think his starter positions are 1% the he works to 5%. Might want to check out the last set of videos in his playlist

I should have discussed that. My max allocation is 5% and I've allocated that to all of them except RQI, which I'm easing into at the moment. So to answer your question....just under 50%.

Spot on!

The other 50% less risky assets or do you just do smaller allocations and similar funds just curious as a strategy within the 8% rule that you talk about. It would be interesting to know how that other 50% is invested. Thanks for sharing.

The other 50% is far more diversified into stocks and funds with a less compelling risk/reward ratio. More explanation to come.

I agree! I shot this video in Bangkok kzfaq.info/get/bejne/qZOInNWJzZi2ZZc.html