Yesterday I bought Prospect Capital (PSEC) in my wife's Roth IRA. PSEC is a business development company. It currently pays .1101/share per month. This is a yield of over 11%.
I do not look at this issue as a certain buy and hold and I will be monitoring it closely. It has been hard to find undervalued investments in this QE fueled market rally.
I have been nibbling at put selling with successful OTM trades on Apple, Intel, GE and Altria. I presently have two trades going with YUM and FCX which are going well.
It seems kind of strange to be in a market that just keeps rising. The lack of fear for such an extended period without a correction is not something I've seen in quite a long time.
For IRA'S I would stick with funds.
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