I have followed the conversation in the last 24 hours on the site and it has been “spirited”—that is good, in my opinion, and really should serve to teach “newbies” that follow the conversation that there is more than 1 way to skin a cat.
We know that some investors have strong opinions on how to invest, while personally we are very open to all sorts of methods–really we are open to “whatever works”.
Talking about “flipping” and “dividend captures” helps to share different methods of individuals. Personally I like to “buy and hold”–on the other hand I like to have some dry powder available and utilizing that dry powder from time to time to add a little to the portfolio is just fine–as we all know, it works until it doesn’t (i.e. Ashford Hospitality – AHT – worked for years and now really didn’t work).
This year we have probably executed 30 different captures and flips–all but 3-4 worked well and the 3-4 that didn’t work were only mildly negative. We hold a Colony Northstar issue now that is off about $100 net on a dividend capture attempt–so they don’t all work.
Civil disagreement on the site is good–let’s just keep it civil and accept that there are all types of opinions–and none are right or wrong.