Stock Advice Thread

[AustinTXCat]

Any opinions on OXLC? The dividend is crazy high.

At chemotherapy now. Let me run some numbers, research historic trends, etc. 5-year looks decent. Possibly worth 100-200 shares risk.

 

[AustinTXCat]

Any opinions on OXLC? The dividend is crazy high.

Interest rates declining. For the hell of it, I may give this one a shot tomorrow with 100 shares.

Thanks.

 

[gobigblue812]

Interest rates declining. For the hell of it, I may give this one a shot tomorrow with 100 shares.

Thanks.

You're welcome. I hope. 😆 🤣

 

[AustinTXCat]

Just purchased 100 shares @ $5.39. Stay tuned.

 

[DSmith21]

Just purchased 100 shares @ $5.39. Stay tuned.

If you are looking for income, you might look at JEPI and JEPQ. These are JP Morgan ETFs which write covered calls against large cap growth companies to generate extra income. You still participate in some of the growth of the underlying stocks while getting 7.5%-9.5% dividends. The JEPQ is NASDAQ focused and JEPI is more diversified. Dividends are paid monthly and is taxed as ordinary income rather than qualified dividends. Thus its better to hold this investment in an IRA/401k account if you are in an upper tax bracket.

 

[AustinTXCat]

If you are looking for income, you might look at JEPI and JEPQ. These are JP Morgan ETFs which write covered calls against large cap growth companies to generate extra income. You still participate in some of the growth of the underlying stocks while getting 7.5%-9.5% dividends. The JEPQ is NASDAQ focused and JEPI is more diversified. Dividends are paid monthly and is taxed as ordinary income rather than qualified dividends. Thus its better to hold this investment in an IRA/401k account.

Looked at JEPQ a while back. May give another look later. Thanks.

https://www.nasdaq.com/market-activity/etf/jepq/dividend-history

 

[AustinTXCat]

ALLY down 17.6%. Owned the stock since market meltdown, 2020. Not pretty.

 

[AustinTXCat]

If you are looking for income, you might look at JEPI and JEPQ. These are JP Morgan ETFs which write covered calls against large cap growth companies to generate extra income. You still participate in some of the growth of the underlying stocks while getting 7.5%-9.5% dividends. The JEPQ is NASDAQ focused and JEPI is more diversified. Dividends are paid monthly and is taxed as ordinary income rather than qualified dividends. Thus its better to hold this investment in an IRA/401k account.

Looked at JEPQ a while back. May give another look later. Thanks.

https://www.nasdaq.com/market-activity/etf/jepq/dividend-history

I purchased some. Thanks!

 

[DSmith21]

ALLY down 17.6%. Owned the stock since market meltdown, 2020. Not pretty.

Ally said that its clients were under increased financial stress which hurt the stock. Also Jamie Dimon made some negative comments about the economy. The bank stocks are all getting hit. JPM is off 5%.

MSN

 

[rbs]

I am retirement age, so income is a little more of a priority than growth ... but I like a bit of both ... thus, I own a bit of JEPI and JEPQ.