I allocated extra capital in my recent purchases: Prospect Capital Corp (PSEC), American Realty Capital Properties Inc. (ARCP), Pimco Corporate & Income Opportunity Fund (PTY), iShares Mortgage Real Estate Capped ETF (REM) and Omega Healthcare Investors, Inc. (OHI) where I went really aggressive on yield and took a calculated high risk, considering the long-term horizon of my portfolio. These buys may not be appropriate for all investors who cannot tolerate short term high volatility and are not in a position to hold them when prices go down significantly. It is always recommended to do your own research, consider whether these securities fit your risk profile, help in asset diversification and most importantly serve your long-term interests, which in my case is to be financially independent in 12 years and travel around world in exotic and beautiful places 🙂
Currently, I’ve got 3 Portfolios: DRIP, HID1, HID2 and new capital is distributed across these 3 portfolios in taxable accounts so that I’ve freedom to enjoy my passive dividend income whenever it is able to cover all my expenses. I also contribute towards 401K account in order to get employer’s match and help lower taxes as well.
I started contributing a small amount towards Roth IRA so that when I’m fully retired, I can withdraw any amount without having to pay any more taxes and worry about tax implications. I’ll start tracking 2 additional Roth IRA portfolios when I start making purchases in those accounts. These 2 accounts would serve as an insurance towards government’s propensity to tax hard-working citizens and beat the crap out of them 😉 . Thanks to the ballooning budget deficit, I see all wide red ink over there and a small amount in these accounts is highly desirable, and what I call a responsible act to save our skin.
Thanks for reading. Appreciate all your support.
How did your portfolio perform in May ? Any interesting aspect of your portfolio.