Posted: 7/29/2025 11:45:58 AM EDT
| It was $5/share just a few months ago, but it's approaching $3.50 now. The dividends are still good but I'm looking at the depreciation. Should I bounce? |
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Originally Posted By jos51700: It was $5/share just a few months ago, but it's approaching $3.50 now. The dividends are still good but I'm looking at the depreciation. Should I bounce? You should never have been invested into oxlc in the first place. You have even posted in threads about it and shared threads about it in the past where everybody with a brain said it was a shit investment. https://www.ar15.com/forums/general/OXLC-question/5-2785212/ https://www.ar15.com/forums/general/OXLC-Stock/133-2785295/ Attached File |
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Originally Posted By Morgan321: You should never have been invested into oxlc in the first place. You have even posted in threads about it and shared threads about it in the past where everybody with a brain said it was a shit investment. https://www.ar15.com/forums/general/OXLC-question/5-2785212/ https://www.ar15.com/forums/general/OXLC-Stock/133-2785295/ https://www.ar15.com/media/mediaFiles/335009/Screenshot_2025-07-29_115713_png-3596536.JPG Yeah the $275 I have in them is learning money, not earning money. I'm trying to learn how people know when to get in or out of stuff, before I go whole hog. |
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Originally Posted By jos51700: Yeah the $275 I have in them is learning money, not earning money. I'm trying to learn how people know when to get in or out of stuff, before I go whole hog. What makes you think you will learn anything from this thread that you didn't learn from the previous threads? Sell it now and never buy another investment that you don't understand. |
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Originally Posted By jos51700: I'm trying to learn how people know when to get in or out of stuff, before I go whole hog. No offense but you seem to be on the slow path of learning. Meaning, you have to feel the pain yourself. The next level of learning is believing in people, believing their experiences and wisdom, then learning from their pain so you don't have to experience it yourself. Game changer. Be curious what dollar amount you sell at. Good luck to you. |
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Originally Posted By jos51700: Yeah the $275 I have in them is learning money, not earning money. I'm trying to learn how people know when to get in or out of stuff, before I go whole hog. Originally Posted By jos51700: Originally Posted By Morgan321: You should never have been invested into oxlc in the first place. You have even posted in threads about it and shared threads about it in the past where everybody with a brain said it was a shit investment. https://www.ar15.com/forums/general/OXLC-question/5-2785212/ https://www.ar15.com/forums/general/OXLC-Stock/133-2785295/ https://www.ar15.com/media/mediaFiles/335009/Screenshot_2025-07-29_115713_png-3596536.JPG Yeah the $275 I have in them is learning money, not earning money. I'm trying to learn how people know when to get in or out of stuff, before I go whole hog. You are trying to learn the wrong thing. You shouldn't be learning how to time the market. You won't succeed if that's the core of your strategy. What you should be learning is how to evaluate an investment for quality so that you can STAY invested for as long as that investment retains those characteristics that make it high quality in the first place. OXLC was always designed to under perform the broader market in the long run. It's always been the case that you had to expect the attrition of the share price because that's exactly what the fund is designed to do. |
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Originally Posted By woodsie: OXLC was always designed to under perform the broader market in the long run. It's always been the case that you had to expect the attrition of the share price because that's exactly what the fund is designed to do. That's an explanation I can work with. Thank you! So what's OXLC good for? Buy in with a huge investment for a dividend payout or three, and then vacate? |
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Originally Posted By jos51700: That's an explanation I can work with. Thank you! So what's OXLC good for? Buy in with a huge investment for a dividend payout or three, and then vacate? Originally Posted By jos51700: Originally Posted By woodsie: OXLC was always designed to under perform the broader market in the long run. It's always been the case that you had to expect the attrition of the share price because that's exactly what the fund is designed to do. That's an explanation I can work with. Thank you! So what's OXLC good for? Buy in with a huge investment for a dividend payout or three, and then vacate? Whether it's one dividend payout or three, any dividend payments come out of the value of a stock/fund instantaneously. There is no magic hack where you can buy a stock, collect the dividend, and the sell it the next day for the same money all other things being equal. I would be very interested to hear someone articulate what a closed end fund like OXLC is good for with an open mind. We've covered this ground before here and the answers were not particularly compelling. The flag is up so I'm sure that discussion is coming in this thread again soon. Long story short, the people arguing for OXLC wanted you to look at the huge dividends because "cash flow!" and ignore the fact that they come at the expense of your principal eroding rapidly. With that said, I expect there is some strategy where OXLC makes sense because everything exists for a reason. I just know pretty confidently that it's not what YOU want if you are in the accumulation phase of your career and the dramatic under performance that Morgan illustrated is a big part of that. |
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Originally Posted By jos51700: So what's OXLC good for? Buy in with a huge investment for a dividend payout or three, and then vacate? Originally Posted By jos51700: So what's OXLC good for? Buy in with a huge investment for a dividend payout or three, and then vacate? As you can see above the gains OXLC provides are outpaced by inflation - your money is actually decreasing in value while it is invested in OXLC even if you reinvest the dividends. They "trick" people into investing by paying out crazy dividends (that are comprised mostly of the principle you gave them) for the people who chase dividends or "cash flow". They don't even tell you explicitly what they are investing in. The phrase "seek an attractive risk-adjusted return" is just gobbley gook speak for "invest in whatever we want". For all you know they could be investing into businesses that their leadership is involved with. Our investment objective is to maximize our portfolio’s total return. Our current focus is to seek an attractive risk-adjusted total return by investing primarily in OXLC office is on the left side of the second floor of this building |
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Originally Posted By jos51700: What should I buy instead? Scratchers? https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/1119404509 https://www.amazon.com/dp/140034252X?tag=arfcom00-20 |
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Originally Posted By jos51700: I've ejected from OXLC. Not a huge loss, and with the dividends I did make some cash. Originally Posted By jos51700: I've ejected from OXLC. Not a huge loss, and with the dividends I did make some cash. That you presumably paid taxes on if it was in a taxable account. Originally Posted By jos51700: What should I buy instead? Scratchers? Not a thing until you understand what you're doing. Well, maybe that book above. Come up with a simple and informed plan and stick with it. Here is a philosophy on investing so to speak. Read the bolded bits until you get it, and then read the verbiage under the bolded bits. It won't tell you what to buy, but if you can wrap your head around the concepts you'll be in a better place to start doing some research. |
Peace has always been the reign of mediocrities, and pacifism the bleating of a herd of sheep which allow themselves to be led to the slaughterhouse without defending themselves. ~some dead French guy.
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Originally Posted By jos51700: I've ejected from OXLC. Not a huge loss, and with the dividends I did make some cash. Those statements are the polar opposite of each other and mutually exclusive. If you don't even know whether you made a profit or loss you should start by figuring that out. |
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Originally Posted By Morgan321: It is concieved, designed, and operated for a single purpose: extract money from their investors and put it into the pockets of the people who run the company. As you can see above the gains OXLC provides are outpaced by inflation - your money is actually decreasing in value while it is invested in OXLC even if you reinvest the dividends. They "trick" people into investing by paying out crazy dividends (that are comprised mostly of the principle you gave them) for the people who chase dividends or "cash flow". They don't even tell you explicitly what they are investing in. The phrase "seek an attractive risk-adjusted return" is just gobbley gook speak for "invest in whatever we want". For all you know they could be investing into businesses that their leadership is involved with. They are located in an office rented in an small commercial office building next to an interstate overpass, train tracks, and a power substation. If that doesn't scare you away then I don't know what to tell you. OXLC office is on the left side of the second floor of this building With that 12.45% expense ratio they must be having steak, lobster, hookers, and blow catered in every day because the overhead sure isn't going to the facility. In reality once the software for the CEF is set up you should only need a husband and wife team in the brick and mortar of their own home office to deal with PR and manage a basket of leveraged junk bonds. |
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Originally Posted By jos51700: I've ejected from OXLC. Not a huge loss, and with the dividends I did make some cash. What should I buy instead? Scratchers? Maybe a couple books on investing. The Bogleheads' Guide to Investing I haven't actually read this book but I generally subscribe to the Bogle school of investing: Attached File IMHO, the vast majority of people would be best served by some variant of a portfolio based on 4 simple funds: 1) Total US Stocks 2) Total International Stocks 3) Total US Bonds 4) Total International Bonds And to be perfectly honest, I think Vanguard's target date funds are a good option that's even simpler in terms of automating those allocations for people under one single ticker. You can go more or less aggressive simply by pushing out or pulling in your target date relative to your actual planned date of retirement. I know people hate to hear the term "target date fund" because usually they are fees on top of fees but Vanguard's product is VERY fee efficient. What you, as an average idiot like most of us, need is simplicity and consistency over a long period of time and that product provides a good vehicle for that. |