We aren’t using the AI image. Some of them look decent, and there’s really nothing to say that the above image wasn’t also AI Generated. Doesn’t matter, let’s keep it moving.

**Prices are current as of pre-market 7/26/2024

Have we ever touched on extended hours, let alone overnight hours? Overnight is kind of new, but otherwise fairly similar. There’s also 24-hour for certain ticker symbols….which is basically overnight.

24-hour trading does seem like a natural progression, but we aren’t convinced. We’re more of the mindset of “If it ain’t broke, don’t fix it”. Having defined hours within which to conduct business isn’t a bad thing. We like having time in between sessions to safely and securely consider moves and set up trades.

It’s also impossible to fat finger yourself into a disastrous situation when the market is closed.

Then again, we do miss the days of 24-hour businesses and an unseen midnight economy… which doesn’t have a lot to do with stock picking..

1. PFLT - $11.37/share, 10.8% yield paid monthly. This BDC just went ex-div last week. Besides the double-digit returns (which have been steady since we opened a position), the share price has also increased overall over time.
   
   Put it on DRIP and check back next year.
   
   
   
   

2. GECC - $10.59/share, 13.22% yield, quarterly distributions. Another BDC with high yields and a share price that overall has increased since we opened a position.
   
   We will mention that the yield fluctuates a bit more with this one, and 13% is definitely at the higher end of the spectrum.
   
   
   
   

3. OXLC - $5.52/share, 19.56% yield. Closed-end investment company with a high-yield and steady price. Historically the price has remained flat with an ever-so-slight bearish trend.
   
   How this fund can sustain its high returns for so long may be connected in some way to the long, slow, inevitable decline in share price.
   
   Ultimately, we feel as though buying in at this time is a good play.
   
   Bonus! This is NOT an ESG stock. Good!
   
   
   
   

4. EOD - $4.84/share, 8.93% yield, quarterly distributions.
   
   The Allspring Global Dividend Opportunity Mutual Fund sounds cooler than it really is.
   
   It’s a decent rate of return with a very steady, flat, share price. There’s no reason to think you wouldn’t be able to ROI safely and securely.
   
   
   

5. TOTL - $39.43/share, 5.06% yield, monthly distributions. This ETF holds mostly Treasury Securities but also has a decent amount of junk bonds.
   
   We like it.
   
   Even though the name is SPDR DOUBLELINE TTL RTRN TTCL ETF , this isn’t actually pegged to the S&P , even though ‘SPDR’ suggests that it would be.