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No. of Recommendations: 1
Is there particular motivation for adding ARCC?

What's the thinking of the dividend?


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I am adding to ARCC because I believe the company is growing and I think the dividend will be continue to be paid at this level and maybe a bit higher in the future. Meanwhile at the current share price it is yielding 9.915%. The entire ARCC positions I hold are in my IRA and ROTH accounts. The dividends get reinvested in additional shares or other income securities based on their current return
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My portfolios are geared towards income. I am retired almost 15 years and live entirely off the income derived from my portfolio. No pension , No annuities, Minimal SS---just portfolio income and the reinvesting of the excess income to cover all living expenses and FED and STATE taxes and any discretionary expenses such as Gifts and Contributions I choose to spend. Over the years I have built up the income received to where I currently spend about 30% to 40% for everything and the excess is reinvested for additional income to cover inflation, higher taxes and whatever comes down the road. In an attempt to control taxes, I seek, wherever possible, tax deferred investments. My largest taxable event each year usually is RMD's I'm required to take out of my IRA. I avoid selling securities for capital gains, so I just keep accumulating additional cash distributions that get redeployed for additional income. My entire portfolio currently yields 8.387% annually

Good luck

b&w
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