I was right. And I sold them at a great time. It is easy to beat ourselves up for bad investment decisions, but selling JQC whn I did was perfect timing, virtually their all time high, right around the time of the "Taper Tantrum".
Check out my major buys:
Date Purchased | Date Sold | Stock | Purchase Price | Sold Price | Dividend | Gain |
07/08/11 | 04/15/13 | JQC | $9.22 | $10.55 | $1.48 | 31% |
07/28/11 | 02/22/13 | JQC | $8.97 | $10.29 | $1.34 | 30% |
10/04/11 | 08/20/12 | JQC | $7.48 | $9.45 | $0.73 | 36% |
All with 30%+ gains. And now I have bought back in at $7.80. They have an annualized dividend of 60 cents, so that is pretty rich and they trade at a huge discount to NAV (14%). Not saying history will repeat itself, but I am hoping for a rhyme.
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