Ares Capital

At first it was quite easy to find stocks that I no longer wanted, but gradually it has become more and more difficult. In the meantime, I have already sold quality companies 🤦‍♀️ and often toyed with the idea of keeping the rest.

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However, in my opinion this would be a mistake, as there are still many positions in my portfolio that do not fit in with a growth strategy.

So today, I have added the obvious dividend stocks and placed an SL order on each of them.

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I proceeded as follows:

Agree Realty $ADC (+0.74%) SL set at 59,70€

National Retail $NNN (-0.07%) 40,-€

Hercules $HTGC (-0.22%) 16,07 €

Omega $OHI (+1.03%) 29,14€

Bats $BATS (+0.27%) 30,00€

Ares Cap. $ARCC (+0.68%) 17,- €

Main Street Cap. $MAIN (+1.2%) 43,43€

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I am open to suggestions for improvement and comments 🧘

66Positions

0.00%

11 Comments

JH90@JH90

1Mon

Positions that do not fit into my strategy, regardless of whether they are positive or negative, would be thrown out immediately.

Nobody knows how big your positions are because you don't share the absolute values. I don't think it's a bad thing to have a lot of positions if they have a certain value.
I feel more comfortable with 30-40 positions of 1000-2000.

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View all 3 further answers

CartoonLifeStyle

@trade_whisperer_329

1Mon·

$ARCC (+0.68%) a decent dividend.

30.09

Ares Capital

Received x200 Dividends at $0.48

$96.00

hejjay

@hejjay

1Mon·

Has anyone at TR already received the $ARCC (+0.68%) received the dividend? Everything comes on time except for this one, now overdue again.

Do you have the same problems at the moment?

Greetings

15 Comments

John@Transporter

1Mon

It arrived today at Scalable. Maybe soon at TR as well.

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Benjamin

@Bomi

1Mon·

Hello everyone, a question for the group Did you receive the dividend from $ARCC (+0.68%) receive the dividend on 30.9.24?

10 Comments

Lucifer@Trial_and_Error

1Mon

At ING yes, at TR not yet

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Show answer

Kate

@Iwanowitsch

1Mon·

Good evening everyone,

The first steps have been taken. I sold the following shares today:

$KMB (+1.01%) A weak underperformer that operates in a business sector with a poor stomach.

I simply don't see any significant growth opportunities here over the next few years. I'd rather put the money into my broadly diversified world ETF or other investments. I got out with just under +10 %.

$PAYX (+1.33%) Out with around 6.5 % and the reasons for the sale are largely the same as for Kimberly-Clark.

$MSTR (-12.57%) After the rapid rise of the last few weeks, this has become too risky for me. I got out after a short holding period with around 28%.

In addition, the correlation with Bitcoin is very strong. And I'd rather hold my own $BTC (+0.01%) . From another perspective, if the value of the Bitcoin held is roughly half the market capitalization and you ignore the high level of debt, I still don't know where the other half of the market capitalization comes from.

The dividend aristocrat Procter & Gamble was actually also on the hit list for today $PG (+2.05%) Ecolab $ECL (+1.09%) and Colgate $CL (+0.76%) . I'm still not 100% sure about these, hence the vote. I would like to take a closer look. I was particularly fascinated by the 12m chart for Colgate. It looks as if a child has drawn a straight line from bottom left to top right. It's similar with Ecolab, where they have made around 45% in twelve months with dividends. (With Colgate around 40 %)

What happens next? The portfolio will be further reduced/concentrated. The BDCs are high on the hit list $ARCC (+0.68%)
$MAIN (+1.2%)
$HTGC (-0.22%)

REITs, on the other hand, can stay, as they currently have strong momentum and could benefit from falling interest rates. The only one I'm not quite sure about yet and would like to take a closer look at fundamentally when the opportunity arises is $STAG (+1.32%)

Kate

@Iwanowitsch

1Mon·

Portfolio Feedback

Hey everyone,

I'm currently facing the challenge of reducing my portfolio from 77 to a maximum of 30 shares in order to get a better overview and focus my strategy. But I'm not sure how best to proceed.

Should I:

Sell the stocks that have done badly as they are obviously not performing well?
Or should I rather sell the ones that have performed best in order to take profits before things go downhill?
Or simply sell the 40 smallest positions? But there are also many interesting stocks in there that might be worth expanding.
Or simply sell everything that is heavily weighted in the MSCI World and thus reduce the cluster risk?

Perhaps there is a better approach? What do you look for when reducing your positions? Diversification, dividend yield, or simply the size of the individual positions in relation to the overall portfolio? I look forward to your opinions and tips!

Thanks in advance!

77Positions

15.75%

3 Comments

Thomas@UndNun

1Mon

Incidentally, selling positions that have only made a loss immediately or later (i.e. possibly waiting to see if they rise) is not in itself a loss. See 'loss carryforward'. At least for us small investors.
Every year you can offset losses from previous years against realized gains from the current year tax-free. Up to 20000 euros each year. But only within the same asset class. So shares with shares and ETFs with ETFs, but not one with the other.

This means that if, for example, you make a loss of 30,000 euros when you sell your shares, you can take profits of up to 20,000 euros from other shares tax-free this year and another 10,000 euros the following year.
The nice thing about this is that, according to the current legal situation, this loss carryforward continues from one year to the next. As long as the legal situation does not change, you can only start to offset your current losses against your later gains in 10 years' time.

You could therefore 'save' these shares and hope for better times. However, there is a good chance that it would be better to let the money 'work' somewhere else in the meantime.

However, there is one problem with this. Normally, your bank will do all the clearing automatically (you'll have to ask). But if you use a neobroker, there are differences. Brokers who are 'tax-simple' will also do this for you. Just like banks, they automatically pay your taxes on profits and should also handle loss carryforwards correctly.
However, if your broker is not 'tax-simple' then you should receive paperwork once a year that you have to keep yourself and settle with the tax office. You may also need / want to have a tax advisor for this.

To complicate things further:
With a tax advisor, you can do your tax return up to 3 years later. 'Savings foxes' might come up with the idea of not paying tax on their profits from this year until 3 years from now and hope to make a nice return on their currently untaxed profits for the next 3 years.

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