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Message
REIT AND BDC ADVICE
Posted on 1/4/18 at 6:02 am
Posted on 1/4/18 at 6:02 am
I'm no longer working with my financial advisor but during that time, 2014/2015, I had a 401k from a previous employer that was rolled over to a traditional IRA and the advisor invested it into FS Energy & Power Common Fund, which is a BDC, and Northstar Healthcare Income, which is a REIT.
These accounts aren't easy to sell so I've held on to them. Should I sell them? It appears that they have high expense ratios and it doesn't appear to be a good investment but since I know nothing about these accounts I'm looking for an understanding on the pros/cons in layman terms please!
These accounts aren't easy to sell so I've held on to them. Should I sell them? It appears that they have high expense ratios and it doesn't appear to be a good investment but since I know nothing about these accounts I'm looking for an understanding on the pros/cons in layman terms please!
1
Posted on 1/4/18 at 7:06 am to cadn0327
I'm thinking your advisor was a thief ;)
Need to sell these without a doubt. This, as you said, could be complicated as all issues are not traded. One source I looked at said the BDC can only be sold back to the issuer on a quarterly basis based on their offer
BDCs and REITs can be very complex, and these are more complex than most and not well known. It's remotely possible that both are good investments, but you're in no position to make that determination.
The loads on these funds could be as high as 6-10% if I read info I found correctly. Both have multiple issues, so it's impossible to know exactly what you have without more info.
Who is holding them for you? Do you know the tickers for each?
Need to sell these without a doubt. This, as you said, could be complicated as all issues are not traded. One source I looked at said the BDC can only be sold back to the issuer on a quarterly basis based on their offer
BDCs and REITs can be very complex, and these are more complex than most and not well known. It's remotely possible that both are good investments, but you're in no position to make that determination.
The loads on these funds could be as high as 6-10% if I read info I found correctly. Both have multiple issues, so it's impossible to know exactly what you have without more info.
Who is holding them for you? Do you know the tickers for each?
Posted on 1/9/18 at 6:35 am to Ole War Skule
LOL! I had the accounts transferred to my Fidelity Investments account. I believe the FS Energy & Power Fund ticker is PINX:FSEN and the Healthcare BDC is PINX:NHHS.
I'm assuming these are pink sheet/OTC funds which is why it's so difficult to get rid of...
It looks like $19,000 in FS Energy funds were purchased in April/May 2014 and $18,000 in Northstar Healthcare Income fund were purchased in June 2014.
I'm assuming these are pink sheet/OTC funds which is why it's so difficult to get rid of...
It looks like $19,000 in FS Energy funds were purchased in April/May 2014 and $18,000 in Northstar Healthcare Income fund were purchased in June 2014.
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