I’m Pat Rosenheim, a.k.a. the PandA Trader.
I only post for my holdings, but they’re as accurate as I can make them. The symbols are; ACSF, AGD, ARCC, ARR, AWP, BDCL, BDJ, BFK, BGH, BKN, BTA, BXMX, CEFL, CLM, CRF, CSQ, CXE, DFP, DHF, DHY, DIAX, EAD, ECC, EVN, FFC, FHY, FIF, FLC, FPF, GAIN, GLAD, GOF, GUT, HIX, HPF, HPI, HPS, HYB, IVH, JPC, JPI, JPS, KIO, LDP, LEO, MAIN, MAV, MFM, MHI, MITT, MORL, NAD, NEWT, NHF, NRO, NRZ, NVG, NZF, OAKS, OIA, ORC, OXLC, PDT, PFD, PFO, PHK, PHT, PMF, PML, PMM, PMX, PSEC, PSF, QQQX, RA, REML, RFI, RNP, RQI, SAR, SCM, SPXX, STK, TICC, TLI, TPZ, TWO, & UTF. Quite a list, eh? (88 total issues held; 16 common stocks, 4 ETNs, and 68 CEFs, of which 17 are tax-free muni CEFs.) Most pay monthly! Only ARCC, BDCL, BXMX, DIAX, MITT, NEWT, NRZ, OXLC, QQQX, SAR, SPXX, STK, TICC, & TWO pay quarterly.
I wanted to talk about whether or not to DRIP dividends, or just let the cash accumulate so I could decide how often to invest, what to invest in, and how much to invest.
First, I’d like to show you a table (or is it a chart?) of all my holdings, ordered by total return (that’s the change in share price with the addition of dividends). I took the top 15 in our portfolio (comprised of all 6 accounts) at this point in time for the title of this post. It should be noted that this can change by the time you’re reading this, but it really doesn’t matter because I’m looking at this particular slice in time and it will still hold true no matter which holdings are the top 15. Here, then, is that table;
I could have picked any of the column headings to sort by, but it just so happens that I like the total return metric because it combines two of what I think are the most meaningful metrics; “% Change Since Purchase Rank” and “Rank By Yield”. The combination of these two metrics gives me a greater chance of accumulating holdings that are likely to be sold at a profit.