Great video, especially like the part about Morningstar and mainstream analysis. I stayed away from so many of my current investments a decade ago because there was simply no information on them. Having a renewed interest and finding YT channels like yours, it’s been a 2 years of exponential knowledge growth. SA has definitely been a rabbit hole of countless hours of unlocking those nuggets of, well, alpha 😅. Thanks for doing what you do and helping others to follow a similar path of knowledge 🙏🫡

Great analysis as usual! Probably adding UTG

I see you're still showing aft in your portfolio. Did you let it roll into mfic

thanks for the great video. May I ask your reasons to invest in HESM instead of MPLX? The obvious tax case is certainly a disadvantage for MPLX but other than that MPLX seems to have a much better total return

Being far older than you, I am putting less and less money in individual stocks because I've been investing long enough, around 65 years since my grandma first gave me some stock, to see some holdings I thought were rock solid crash and burn. Crowdstrike probably needs to be considered the most recent (I don't buy non-dividend stocks but I do sell puts in them and occasionally buy calls--I sold some puts in CRWD and am still comfortably OOTM but its crash was quite a shocker and reminder. Anyway, I'm concerned about the fate of BDCs in a declining rate environment (most of their loans are floating rate) and I just think other areas have recently become more attractive, especially for individual issues. Hence I own no MAIN (I have in the past). Also, rather than UTG, I own UTF: Modestly better yield, modestly better price performance.

What is your view about oxlc ? This one pays north of 18% and recently increased dividend.

Just looked up PBDC and it has a net expense ratio of 6.79% with a yield of 9.35% wouldn't that be a net yield of only like 2.5%? I can't wrap my brain around an expense ratio that high? am I miscalculating?

ARMCHAIR INCOME.........you did it again 😊

Thanks for another video, and for giving us slightly more of the theme music!

Off topic, but what’s your take on Roundhill - XDTE and QDTE? I’m personally not a fan of ultra high yield funds and their accompanying NAV decline (Yieldmax, Defiance), but perhaps these are better?

Here from your video on 8/25. 👍🏻 can’t understand why this video only has 6.7k views 🤷🏻 y’all are missing class.

Great Sunday content!! Luckily opened a (not large enough😅) position in MAIN in 2020 on recommendation of a friend. Never heard of GOF or UTG but will be opening a very small position tomorrow! Thanks to you I have over 40 tickets now, 😂 will need to do some thinning very soon, gotta have some dry powder for the flash crashes! Thanks as always!! 🙏🫡

Very good video! Thank you!

Solid choices, I very recently slightly trimmed my MAIN to take advantage of the HTGC and CSWC dip. But I'm keeping a good position in MAIN for the long run.

What about CLM, theres another channel on here unconventional wealth ideas that invests in cornerstone because it drips at nav.

Great topic. Very timely as I was also investigating investments that will continue to pay dividends through downturns. I think that even if some cuts take place my investments (UTG, ARDC, KIO,etc) will still be ahead of many others(I hope)

@armchairincomechannel do you have a coupon code for Snowball? I used your link but I'm not seeing the discount under "Subscribe". I can add a coupon code if you have one. Thx. It's a nice platform.

I wonder why total return would be under the momentum tab.

This is the best investing channel on KZfaq. thank you

Thank you for that deep dive into these funds, I may add just a wee bit of GOF to my risk bucket. For my Utility sector I own DNP, the fund sells at about a 4% premium, an 8.29% dividend, price took a hit with interest rate hikes like most utility funds, but is trending up now and should continue to do so. I have owned this for several years, dividend stays the same which is fine as I am retried and looking for steady income without the drama. I also have a couple of utility companies preferred stock issues, SCE-N and SREA also, not high dividends, but solid secure companies yielding 6% +

Useful

Thanks for this video and the resources and insight, especially the BDC site. I've only been following you a short time but have learned quite a bit!

I really enjoy your channel. Thank you!

I have had main for years good investment I will look into the other two

ODTE, sounds interesting. Cheers

Thanks for the video, and eye opener. I own MAIN and UTG, and thanks your the video I'd be adding GOF. The NAV vs Price premium/discount is probably overplayed by the media in all COFs. So what if Price it's above or below NAV? It's a theoretical number. The one that really counts for your own performance where your price is now vs your cost average + income from dividends. Many people buy below NAV in many tickers and they NEVER see an extra dime. It's a good business, let it roll. My reading on GOF is the business is good as it delivers on the dividend front, which is not based only on a high Price/NAV ratio.

Thanks. Could you do a comparison video on income funds for nasdaq/tech stocks such as QQQI, FEPI, QQQY, GPIQ, JEPQ, etc?

Informative video. Thank you!

Another piece of armchair income to watch on my Sunday’s morning routine now! You have a very interesting way of mixing lots of différents income investments. You’re the on,y one I watch the episode that treats BDCs or fixed income because I like the way you present them . Question: when you retired, what age were you? What send you the signal you can afford it on the money side, and on the professional side?

Great video. I have 2 of 3 of these (GOF, UTG) positions. About GOF, I had a full position but cut it to a small position based on all the pundits recommendations that the dividend was not sustainable. You indicated that they keep the NAV high by issuing new shares at the premium price. That makes sense, but where is the evidence? Since its a CEF wouldn't the issuance of new shares be thru a rights offering? I don't see any news anywhere about a rights offering. I'm wondering where you found this info. I don't see it on SA. Thanks

I've always been leery of GOF, always waiting for their their distribution cut that never comes. Kudos to them for that. On the other hand, MAIN and UTG are the safe cornerstones of many income portfolios. I've been in and out of both for many years, but I'm thinking about just staying in both for the long haul for the income. They are battle tested, tried and true. BME is another survivor of the GFC with no cuts that I plan on adding when it pulls back.

Thank you for this video. MAIN is my favorite dividend stock 💰.

Yet another informative video! Always great to hear your charming accent. I’ve considered MAIN but decided to own it in PBDC. Maybe next flash crash I’ll buy some MAIN. Thank you for your analysis!

I have found that the personalities of income investment individuals strike me as being much more honest, believable, trustworthy, logical and sincere compared to all the snake oil salesmen trying to CONvince me to buy AI and high risk equities. Thank you gentlemen for taking the time to produce such great content that can make a huge difference in our financial future.

Your videos are great!

I sold all of my BDC except for MAIN and used the cash to buy PBDC, but I just could not cell MAIN. I think PBDC will do a better job managing the other BDCs and give me more diversity, but MAIN is a rock that just keeps paying.

At what price would you say Main is reasonable? 🙏🏻

I own UTG and MAIN. And im in the process of adding GOF. I just can't ignore that distribution wothout a cut.

Good video, paying way over NAV is a tough one for me too. Recently I trimmed CSCW and HTGC for that reason. Have you been watching IWMI? Last month it payed 15% annualized and I think the price appreciation could be better than SPYI and QQQI(both of which I have large positions in) and I love the tax advantaged benefit too. We’ll see.

good content What is your view on the covered calls etf ?

Love your videos!

Thanks for the videos, appreciate your content. So little on this style of investing. Sure makes sense to me!

thanks for the reason why different sites have different yields

I own 2 of the 3…have not bought any MAIN because they don’t pay monthly. Another awesome video!

Happy Sunday to you, er i guess Happy Sunday to me, Monday to you :P

Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"): armchairincome.link/snow

Who Knew??? Thank you!!!! I'll be using the momentum tabs from now on.

Off topic, but what do you think of these CEF’s from Cornerstone? CLM etc?