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I have 3 stocks in my portfolio that are holding steady during this recent crash
Posted on 9/4/15 at 8:46 am
Posted on 9/4/15 at 8:46 am
The crash/correction of the past few weeks has put a big dent in my overall portfolio, but I noticed these 3 stocks have either not budged or only declined a little.
RLI--It's an insurance company that pays a huge end of the year dividend every year as well as small quarterly dividends. I bought it at 43.5 about a year ago. It climbed to 56, but has only declined to 52/53 recently.
CYNpC--A preferred bank stock. Has not budged and pays a nice yield.
NMFC--A finance company that invests in small businesses. Has a nice yield and the price range has always stayed between 14.2-15 ever since I bought shares of it about 2 years ago. Hasn't budged much the past few days though it did drop slightly on the -1000 point day.
If I was smarter, I'd stick to stocks like this, but I can't resist gambling on commodities and such.
RLI--It's an insurance company that pays a huge end of the year dividend every year as well as small quarterly dividends. I bought it at 43.5 about a year ago. It climbed to 56, but has only declined to 52/53 recently.
CYNpC--A preferred bank stock. Has not budged and pays a nice yield.
NMFC--A finance company that invests in small businesses. Has a nice yield and the price range has always stayed between 14.2-15 ever since I bought shares of it about 2 years ago. Hasn't budged much the past few days though it did drop slightly on the -1000 point day.
If I was smarter, I'd stick to stocks like this, but I can't resist gambling on commodities and such.
3
Posted on 9/4/15 at 8:54 am to goodbuds
MO has been pretty steady. Glad I'm holding that one.
Posted on 9/4/15 at 3:57 pm to thatguy777
I own RLI, and would assume a higher interest rate environment would be beneficial. I would be leery of a BDC in this climate, also due to higher interest rates. I'm assuming your lender is a BDC. This might not be a good assumption. It's predicated on how they utilize equity and bond financing to in turn finance.
Posted on 9/4/15 at 4:38 pm to goodbuds
I jumped back in today after sitting on the sidelines for a few months.
Even made a little. It felt good to be back.
Even made a little. It felt good to be back.
Posted on 9/4/15 at 5:36 pm to goodbuds
Haven't looked at the others, but RLI looks intriguing. I think I might buy some after the market correction or the end of year dividend. Thanks for putting it on my radar! 
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