10.11.2023

We finally ripped the band-aid off

Yesterday we made the decision to sell off all our shares in NewtekOne, Inc. Common Stock (NEWT) even though the share price is far from what we want. Sometimes you have to rip off the band-aid and move on.

As our holding in NEWT constituted a large part of our total holding, the consequence is that we have a large part of our portfolio uninvested at the moment. A portion of the sale will be reinvested in Stellus Capital Investment Corporation Common Stock (SCM) but exactly how much remains to be seen.

-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Why I See Socialism as the World’s Most Perfect Pyramid Scheme

For transparency and my own agenda: I am politically very far from the Swedish Social Democrats, the Green Party, the Left Party, and social...

  • Good but next year will be better
    This year, 8 of the year's 12 months will outperform 2023, the underperforming months being January, April, July and October. Although w...
  • The world's worst secret
    The people, exclusively mothers, that I have talked to about the sadness of the world's most perfect teenager prioritizing friends over ...
  • It is what it is
    Yesterday was when we should have received dividends paid on our endowment insurance with the award-winning  bank Nordea. Although one of th...