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 🙏🫡
@seanwilliams90603 сағат бұрын
Great analysis as usual! Probably adding UTG
@johnspelman89765 сағат бұрын
I see you're still showing aft in your portfolio. Did you let it roll into mfic
@nj300038 сағат бұрын
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
@BTinSF9 сағат бұрын
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.
@Bibhukalyan12312 сағат бұрын
What is your view about oxlc ? This one pays north of 18% and recently increased dividend.
@armchairincomechannel12 сағат бұрын
Nice dividend but too much long term NAV erosion for my taste. Not saying its bad, I just prefer flat or appreciating NAV.
@frankfrank488912 сағат бұрын
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?
@armchairincomechannel12 сағат бұрын
It doesn't work like that. First of all, the yield is calculated AFTER expenses, so you don't deduct one from the other. Secondly, most of that is the interest expense associated with the leverage. If you use leverage to buy real estate you'll have an interest expense too, doesn't mean that the real estate is "too expensive".
@enricomonesi585614 сағат бұрын
ARMCHAIR INCOME.........you did it again 😊
@armchairincomechannel13 сағат бұрын
Thanks for watching...again.
@international_dividend15 сағат бұрын
Thanks for another video, and for giving us slightly more of the theme music!
@armchairincomechannel12 сағат бұрын
One day I'll figure out how to give more of the theme music...it's a challenge to incorporate music into an investing channel but I'll find a way!
@international_dividend11 сағат бұрын
@@armchairincomechannel Separate video, of just the song. It may turn it to be your most watched video!
@jayman479516 сағат бұрын
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?
@armchairincomechannel12 сағат бұрын
The NAV decline and lack of history are enough to sit on the sidelines for those.
@cwilson688017 сағат бұрын
Here from your video on 8/25. 👍🏻 can’t understand why this video only has 6.7k views 🤷🏻 y’all are missing class.
@armchairincomechannel12 сағат бұрын
Thanks for the compliment! It was one of the first videos I made so the channel was tiny (hence not many views). Now the channel has grown from tiny to small...hopefully others will go back and watch as you did.
@cwilson688017 сағат бұрын
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!! 🙏🫡
@armchairincomechannel12 сағат бұрын
I'm jealous that you got into MAIN before I did :)
@mountainman968518 сағат бұрын
Very good video! Thank you!
@armchairincomechannel12 сағат бұрын
Glad you liked it!
@dominiquetheeasyminimalist19 сағат бұрын
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.
@armchairincomechannel12 сағат бұрын
MAIN is hard to sell. Thanks for sharing :)
@MikeAffholder19 сағат бұрын
What about CLM, theres another channel on here unconventional wealth ideas that invests in cornerstone because it drips at nav.
@armchairincomechannel12 сағат бұрын
It's popular. The long term NAV erosion isn't a fit for me. But I appreciate others do the math on the high distributions making up for that.
@joelschiffenbauer667119 сағат бұрын
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)
@armchairincomechannel12 сағат бұрын
Glad it was helpful. A viewer pointed out that BME didn't cut either.
@whistlerbrad20 сағат бұрын
@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.
@whistlerbrad17 сағат бұрын
Oh the 10% actually worked. I paid and got the discount. Cheers
@GregF-k7w22 сағат бұрын
I wonder why total return would be under the momentum tab.
@armchairincomechannel12 сағат бұрын
Good question. I have no idea. It remains one of life's mysteries to me too.
@peterjwilson23 сағат бұрын
This is the best investing channel on KZfaq. thank you
@armchairincomechannel12 сағат бұрын
You just made my day, thanks! CNBC is now on notice ;)
@bills.139023 сағат бұрын
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% +
@armchairincomechannel12 сағат бұрын
Thanks for sharing your approach. A "risk bucket" is a good place to put GOF!
@sanilsarang864323 сағат бұрын
Useful
@armchairincomechannel13 сағат бұрын
I'll take that as a high compliment, thanks!
@jijiipetti143323 сағат бұрын
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!
@armchairincomechannel13 сағат бұрын
Great to hear, that means I'm doing my job! Except I don't have a job...
@jamiedorey2124Күн бұрын
I really enjoy your channel. Thank you!
@armchairincomechannel13 сағат бұрын
Thanks for watching!
@moresugartradercc2744Күн бұрын
I have had main for years good investment I will look into the other two
@armchairincomechannel13 сағат бұрын
Any long term MAIN investor is happy with their purchase, glad to hear you're one of them :)
@edmitiu7383Күн бұрын
ODTE, sounds interesting. Cheers
@armchairincomechannel13 сағат бұрын
I don't own it but I'm keeping an eye on it.
@marcosagosti6175Күн бұрын
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.
@armchairincomechannel13 сағат бұрын
Thanks for your feedback and glad you enjoyed the video. GOF is a tough one to assess, but the history is impressive.
@rgenjic7076Күн бұрын
Thanks. Could you do a comparison video on income funds for nasdaq/tech stocks such as QQQI, FEPI, QQQY, GPIQ, JEPQ, etc?
@armchairincomechannel13 сағат бұрын
Great suggestion. I'll add it to my list. Thanks :)
@paytax4707Күн бұрын
Informative video. Thank you!
@SummitMan165Күн бұрын
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?
@armchairincomechannel12 сағат бұрын
Thank you for your encouragement! I retired in my 40's. It wasn't part of a long term plan. On a visit to SE asia I realized that if I sold me real estate assets and cashed in my growth funds, I could generate enough income from this style of investing to retire. I spent 1 year planning the details and then quit my job.
@mikeconnell698Күн бұрын
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
@armchairincomechannel12 сағат бұрын
I agree, it's difficult to find documentation of the GOF share issuance. It's in the annual report on page 77, listed as "Proceeds from shares issued through at-the-market offering" approx $292M. Here's the link to the report: www.sec.gov/Archives/edgar/data/1380936/000182126824000177/gug87576gof.htm
@mikeconnell69846 минут бұрын
@@armchairincomechannel Thanks for that info. Hmmm. I didn't think a CEF could issue new shares (by definition - closed end) without a rights offering. This sounds like what an ETF does.
@MessedUpParodiesКүн бұрын
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.
@armchairincomechannel12 сағат бұрын
Thanks for the BME suggestion. Impressive history!
@patrickalexis6230Күн бұрын
Thank you for this video. MAIN is my favorite dividend stock 💰.
@armchairincomechannel13 сағат бұрын
Mine too! It's a beauty.
@momdittomomditto7705Күн бұрын
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!
@armchairincomechannel13 сағат бұрын
My accent is a mushed up mix because I've lived in many places. Next flash crash I'll probably buy more MAIN too.
@johnhale5271Күн бұрын
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.
@armchairincomechannel13 сағат бұрын
Thanks for your feedback. Perhaps its because we're older and we aren't trying to bet the farm on the next big thing. I'm not trying to beat the market, just want to pay the bills.
@ricksnyder1385Күн бұрын
Your videos are great!
@armchairincomechannel13 сағат бұрын
I appreciate that!
@ventcurtisburkett532Күн бұрын
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.
@armchairincomechannel13 сағат бұрын
I agree, its not easy to sell MAIN. It has such a long history of delivering amazing results.
@zoyaytКүн бұрын
At what price would you say Main is reasonable? 🙏🏻
@armchairincomechannel13 сағат бұрын
Difficult question. The long term answer has been....any price!!! In the short term, it's hard to say.
@hulenbryant5637Күн бұрын
I own UTG and MAIN. And im in the process of adding GOF. I just can't ignore that distribution wothout a cut.
@armchairincomechannel13 сағат бұрын
It sucked me in too :) But I kept the position small because of the risk.
@Steverino70Күн бұрын
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.
@hulenbryant5637Күн бұрын
I shaved off some SPYI for some IWMI. Fingers crossed.
@armchairincomechannel13 сағат бұрын
Yes, I have some IWMI and am keeping an eye on it.
@JoaoLuissonharКүн бұрын
good content What is your view on the covered calls etf ?
@armchairincomechannel13 сағат бұрын
I like cc ETFs, I hold plenty of them and have made many videos about them. They have their risks...as does every investment, so I don't all of my portfolio on them. They're great when the market is going sideways.
@jintz2Күн бұрын
Love your videos!
@armchairincomechannel13 сағат бұрын
Thanks for letting me know. That's motivation to keep making them :)
@DeanPalmaКүн бұрын
Thanks for the videos, appreciate your content. So little on this style of investing. Sure makes sense to me!
@armchairincomechannel13 сағат бұрын
I agree! That's why I started this channel :)
@martinweber202Күн бұрын
thanks for the reason why different sites have different yields
@armchairincomechannel13 сағат бұрын
Happy to help
@nickb.6726Күн бұрын
I own 2 of the 3…have not bought any MAIN because they don’t pay monthly. Another awesome video!
@scottybones8282Күн бұрын
Yes they do.
@chrislindsay3104Күн бұрын
MAIN pays monthly and sometimes they pay an EXTRA dividend.
@spooler24Күн бұрын
They've been paying monthly since I can remember. It's always a good idea to do your research... especially before posting on platforms for public consumption.
@armchairincomechannel13 сағат бұрын
Glad you enjoyed it! (MAIN pays monthly).
@CrockerfellerКүн бұрын
Happy Sunday to you, er i guess Happy Sunday to me, Monday to you :P
@armchairincomechannelКүн бұрын
Good morning to you, and good evening to me :)
@armchairincomechannelКүн бұрын
Snowball Dividend Tracker (Create a Free Account, and the 10% Discount will appear under "Subscribe"): armchairincome.link/snow
@kazal7021 сағат бұрын
When you have time - can you please talk about QDTE & XDTE and what's your thought about those? Thanks.
@bon-z5vКүн бұрын
Who Knew??? Thank you!!!! I'll be using the momentum tabs from now on.
@armchairincomechannelКүн бұрын
Glad it was helpful :)
@JohnsFishTalesКүн бұрын
Off topic, but what do you think of these CEF’s from Cornerstone? CLM etc?
@armchairincomechannelКүн бұрын
Too much NAV erosion for me. The distributions might compensate for that but I prefer to focus on alternatives with less, or no NAV erosion.