Capt‘n · 2023-03-04T16:51:54.849487Z

Kennt jemand diese drei BDC‘s näher? $BKCC $GSBD $BXMT Die Idee wäre jede zu 1000€ zu erwerben und jedes Jahr je 10% Dividende zu kassieren. Nach 10 Jahren hat man den Einsatz raus. Danach gibt es alles „on top“! Mir ist klar, dass die Titel keine Growth Raketen sind. Aber das wäre mir egal, da die Firmen Goldman Sachs, Blackrock und Blackstone alle Schwergewichte sind, denke ich nicht, dass sie in Zukunft totale Rohrkrepierer sind. Übersehe ich etwas oder wäre es wirklich so einfach?

@Wuestenschiff

1Yr·

Does anyone know these three BDC's more closely?

$BKCC
$GSBD (+0.33%)
$BXMT (-3.13%)

The idea would be to buy each at 1000€ and collect 10% dividend each year. After 10 years you have the stake out. After that there is everything "on top"!

I am aware that the titles are not growth rockets.

But I wouldn't care, because the companies Goldman Sachs, Blackrock and Blackstone are all heavyweights, I don't think that they will be total pipe-droppers in the future.

Am I missing something or would it really be that simple?

23 Comments

DerMartin@DerMartin

1Yr

That, or put it all in chicken farms 👍

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Nostradonkey💩@DonkeyInvestor

1Yr

@DerMartin do not forget to put a donkey with the chickens

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Krynt@Krynt

1Yr

Now that's kind of a snap idea.

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Capt‘n@Wuestenschiff

1Yr

@Krynt can you also justify this?

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Krynt@Krynt

1Yr

@Wuestenschiff You can also invest in sensible companies, which will probably bring you significantly more than 10% p.a.

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View one more answer

individend@individend

1Yr

Theoretically, of course, this is possible. Practically, things like Evergreen, Corona and Attack War happen in a short time. Advantage would be of course not to take BDC's from the second and third row, but rather $ARCC $OCSL $HTGC. $GSBD is not really small, but performs rather so-so. REIT's might also be something for you.

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Capt‘n@Wuestenschiff

1Yr

@individend thank you for your constructive input. Yes, I think I am well positioned. I'm also interested in a bit more risk, because of the higher dividend. I'm not talking about "all in", but 1% of the portfolio to pull the performance up a bit...

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individend@individend

1Yr

@Wuestenschiff Makes sense in my eyes to put a small part in investments with higher risk, is annoying if you lose it but does not break your legs. I think these can push the performance well, or at worst you make new experiences.

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Capt‘n@Wuestenschiff

1Yr

@individend yes, that is the idea. That's why I asked if anyone knows them better. A little more information about the shares would be good.

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Xantia@Xantia

1Yr

My thought on this: I have invested 1000 euros each in Ares and Hercules Capital and 500 euros in Goldman Sachs BDC. High dividend, of course more risk. But the dividend was also paid regularly in the past, so I would look to get in at a favorable price. For safety I have boring stocks like P&G, Microsoft. Good luck!

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N@Khlmysee

1Yr

What good is 10% if the value of the individual share sings? So sometimes I ask myself...

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Capt‘n@Wuestenschiff

1Yr

@Kohlmeyse what are you asking yourself? In this scenario, the value of the share would not matter. It would be more a matter of the dividend remaining constant. You'd have to watch that closely, of course. Since the companies behind the BDCs are so big, I would see some safety there. But as I said, it is of course a risk investment.

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NiMe@NiMe

1Yr

@Wuestenschiff if the value of the share falls, so does your dividend income. if it is permanently at -50%, you need 15 years to "get it all back in".

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Waldemar@Wowa83

1Yr

I have the $BXMT. The idea was high cash flow and rather sideways running course. Has not quite worked out because of the issues the last few years! 😂 Currently -35% with me in the depot!

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Capt‘n@Wuestenschiff

1Yr

@Wowa83 ouch. That hurts, of course, with a value that should remain constant. Did they actually have problems, or was the dividend paid out regularly in a reasonably stable manner?

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Kevin E.@KevinE

1Yr

@Wuestenschiff you can just google that...?

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Waldemar@Wowa83

1Yr

@Wuestenschiff Dividend is the same since 2015. Problems will be the usual since 2020! 😅

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Enrique@Dividenden_Monteur

1Yr

$BXMT is, as the name suggests, a mortgage trust and not a BDC so belongs in the direction of $AGNC and in times of rising interest rates rather not so great The one from Goldman is okay but would rather prefer the established ones like Hercules and Ares

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Capt‘n@Wuestenschiff

1Yr

@Der_Dividenden_Monteur Yes, that's true, of course. I already thought that would happen... 😉

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Dave@Trendisyourfriend

1Yr

In short: No. Calculate your high yield stocks vs. CAGR of a simple $SPYD on 10 years. Look at the total return, price gains + growth (+div. growth), take the median and add the desired time factor. The short form: after 10 years, the $SPYD probably already yields more due to the CAGR and your personal div. return.

I do not calculate it for you now, but take it as food for thought, I recognize my beginnings there again 🫣 You usually buy something like that at most in the sideways movement, if you are already wealthy. To build up assets, you take your own pond bluechips or etfs that are slowly but surely moving from the bottom left to the top right in a nice trend channel. No high-yield divi advice 😅

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Divids@Divids

9Mon

Has anything come of the idea

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Capt‘n@Wuestenschiff

9Mon

@Divids No, I haven't looked into the idea any further. But I do have a few positions in Reits and BDCs - but not with such high dividend yields.

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Divids@Divids

9Mon

@Wuestenschiff then I'm just going that way. It's worth a try

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