2Yr·

The remaining cash was used and the position in $OBDC (-0.05%) further expanded.

In addition to $HTGC (+0.59%) and $JEGP (-0.09%) my mainstay for cash flow.

Something else #beerchallenge from the really beautiful Vilnius.

17.09

OBD

Blue Owl Capital Corporation

Bought x10 at €13.23

€132.30

20 Comments

AI sagt@GoDividend

2Yr

Now I blew on my cell phone because the ashes were there. Man eh.

•

Ronald@AlterMann

2Yr

@GoDividend Whoever blows first has clean pants

•

Marcel@Mcl1991

2Yr

@AlterMann but if you don't wear pants?

••

Ronald@AlterMann

2Yr

@Mcl1991 Oh no, don't say that. Now my head is spinning

•

John@Transporter

2Yr

I also have 400 of them in my depot.

•

AktienRob88@AktienRob88

1Yr

What do you like about Blue Owl Capital? How do you see the long-term prospects ? Kind regards 🖖

•

Enrique@Dividenden_Monteur

1Yr

@AktienRob88 blue owl is more focused on industry, is simply a nice balance to the biotech-heavy Hercules Capital and the net asset value is currently $15.36.
So it is fairly valued at around €14 and the dividend is more than covered according to the latest figures, 30% more was collected than was paid out in dividends.

•

Enrique@Dividenden_Monteur

1Yr

@AktienRob88 Especially with BDCs it is easy to stay up to date.
Just look at the financial report and search for NAV and NII (net asset value and net investment income)
That's all you need to know.

•

SpongeBob@SquarePants

2Yr

They are trying to kill you 😆

••

Saarastronaut@Watzeklicker

2Yr

The big question for me with $JEGP is how it behaves in a crash and a subsequent recovery. Will it perform similarly and will the covered calls then cut into my recovery?

••

Yieldrology@Yield-Ahead

2Yr

@Watzeklicker That is a very interesting and legitimate question. For this reason, I think it is very good that JPM actively manages the fund and can therefore control the intensity of the options. In the event of a major downward movement, the management could leave room for maneuver in favor of price recoveries. Added to this is the already defensive equity portfolio, which should have a buffering effect in the event of a strong market downturn. These are my assumptions.

•

Deleted User

2Yr

Comment was deleted

Enrique@Dividenden_Monteur

2Yr

@BockaufDividenden I've had it on trial since the beginning of the year, as its American brother is doing relatively well.
It's the first of its kind with EU approval.
I can't complain so far, despite a savings plan at +2% and a distribution every month.
So value preservation with dividends.

As it has only been on the market since November, only €25 and the odd one-off purchase flow into it every month.
But so far I'm satisfied.

••

Yieldrology@Yield-Ahead

2Yr

I'm getting involved as I also have $JEGP in my portfolio and am planning to significantly increase my position. I like the defensive orientation of the fund and the active selection of around 250 stocks with low volatility. The fund volume has grown very strongly and has already clearly exceeded the 200 million euro mark. The option overlay, in which call index options are sold, adds an interesting component to my portfolio, as the option premiums generated hardly correlate with conventional dividend income. All in all, I find it a very convincing product, perhaps on a par with its US counterpart $JEPI.

•

Deleted User

2Yr

Comment was deleted

Enrique@Dividenden_Monteur

2Yr

@BockaufDividenden the $JEPI functions as an S&P etf.
In addition, it is a covered call, i.e. it works via options.
Options work best in a volatile market. So you have the result that if the US market runs up, here again as confirmation the $QYLE, you get less return.
The $JEGP is the first of its kind to have the World Index and therefore more volatility

••

Enrique@Dividenden_Monteur

2Yr

@BockaufDividenden to listen https://open.spotify.com/episode/3EqQkSXEsYJR1tdYqja83k?si=3rB-I_EsRyKbMzIl_1vjeQ here the system of covered call ETF's was well explained

••

Deleted User

2Yr

Comment was deleted

Enrique@Dividenden_Monteur

2Yr

@BockaufDividenden yes.
Since you have the bigger basket here.

••

Yieldrology@Yield-Ahead

2Yr

The difference lies in the selection of equities. $JEPI contains only US equities and is roughly based on the S&P 500, while $JEGP contains equities from industrialized countries. Reference index: MSCI World. Of course, I do not expect any price fireworks. However, I also don't expect share prices to stagnate in the next few years, but rather consistent price growth, high monthly distributions in the range of 7-9% p.a. and all this with significantly lower volatility than, for example, the index you mentioned $ISPA. These are my expectations.

•

View all 3 further answers