14-04-09 22:38 Filed in: Timely
In a prior post, I detailed what my current 401k investments are. In this post, I’ll tell you the stocks I’m investing in for my IRA, which is a rollover from my prior employment. I have 6 figures to invest and am targeting a reasonably risky light-on-bonds, heavy-on-stocks investment approach that is weighted towards higher dividend yields (I am not even 40 yet so I can handle the risk).
Here’s my holdings. They tend to be financials, or energy companies.
- AGNC: A well-run mortgage REIT, paying ~12% dividends
- BKCC: Blackrock, a financial paying a good dividend
- ECT: A trust paying out 10%+ dividends, backed by sales of oil from a bunch of oil wells
- HCAP: A business development company
- HLSS: Does home loan servicing without actually holding the mortgage risk
- KMP: An oil pipeline MLP paying good dividends
- MSP: A closed-end fund that pays 6%+ dividends and uses a variety of strategies including selling covered calls to generate income
- NSC: A top railroad company – as oil shipment needs grow and trains get replaced with more efficient ones, the railroad industry should improve its top and bottom lines.
- NYCB: A super-stable, 5%+ dividend paying NYC bank.
- PSEC: oil drilling
- QRE: Energy producer
- RSO: Another business development company
- SDRL: Drills in deep ocean water for oil – with long-term contracts locked up on the best rigs.
- TICC: Another business development company
- YMLP: An ETF of MLPs so you don’t have to handle Schedule K forms.