Dividend 15 Split Corp T.DFN

Trimmed a bit more today

[flamingogold]

This wil likely pay but it's on the cusp and if rate cuts get pushed out further the market is going to have to reprice itself lower in the coming weeks. I still have a position here but my exposure is now reduced 50% overall. I was thinking to wait to trim after the distribution but I am content to take my gain at equal to a distribution anyway. Will ride the rest and look to rebuy lower if it comes.

[Inglewood]

I did exactly the same yesterday, except I dumped my entire postion in DFN (35K shares @ $5.26), along with my entire positions in FTN (55K shares @ $7.61) and DGS (50K shares @ $5.11)... it was just getting too risky for me due to changing sentiment and my leverage (approx. 57% my holdings being bought on margin).  I continue to hold 15K shares of FFN, which is probably the worst of the lot

[flamingogold]

Wow, I don't blame you for selling, I don't know how you were sleeping at night living on a knife's edge like that.   I continue to hold my DGS position (no margin), I have an average in the mid $1's and it lives in a TFSA where Chrystia can't touch me. I don't mind waiting and getting even just a few payouts, it will likely do better than me trying to time the

[Inglewood]

Wish I had not dumped!!!

[flamingogold]

Don't kick yourself, the opportunity will return again. I never like to exit a position totally so I trimmed twice here to a half load and hold all of my DGS still. I moved the proceeds of DFN into BK as it always pays.   Markets are inking all time highs today and yet DFN is straddling the cutoff. A few bad news days could easily change the picture.

[Inglewood]

Agreed... Not sure why this gets so much love, so close to the cut-off (although it must be up big today).. 

[FatTraderDude01]

Flamingo... I am looking at BK, it it a good time to buy now?

[flamingogold]

BK has provided stable distributions somewhat like FFN prefs for instance (which I also own) but with a better opportunity for capital growth on top.   DFN (and DGS) are more volatile and lately are right on the threshold for paying. So depends on what you really want out of your investment. With markets near all time highs, a pullback is possible which would probably sink DFN and DGS

[flamingogold]

Sorry, let me clarify again... I hold all four.... DGS and DFN more so for capital appreciation first and distributions second and BK/FFN prefs mostly for the boring stable monthly distributions. All four are paying again but the former two may not in the coming month(s) which is where the latter two pick up the slack. In other words, I'm never all-in or all-out in just one equity.

[jeanstk]

Diversifying your portfolio is always a good investment strategy.