at an interest rate of 7.75%
https://www.gladstonecapital.com/ne...capital-corporation-prices-public-offering-of
https://www.gladstonecapital.com/ne...capital-corporation-prices-public-offering-of
Gladstone Capital offers new 5-year notes
- Thread starter BMK
- Start date
No, I am not.
I own some of their common shares, and I have a general interest in baby bonds. I think a lot of people don't even know these things exist, and some of them are a great way to diversify in fixed income.
I don't have an opinion about this particular note. I want to see if it gets rated.
The graph comparing the two really shows the multiple expansion of big tech that the SPX index benefitted from that Gladstone did not.
The stock dividend paid monthly pays 9 percent. Why bother with the bond?
fixed income vs equity, risk is different.
but generally you loan them money at 7.75, they in turn loan you money to other borrowers for more than 7.75, collateral and credit varies.
%%
AT first glance ;
GLADstone + GLAD website looks pretty good.
Sorry I dont have time to really research them @ this time;
back to ETFs + Money Market.
7.77 or 7.75% is better than MM, more risk;
not much risk to my local banks interest except inflation risk + opportunity risk- I care about that last opportunity risk a lot- the pain of severe underperforming the SPY benchmark.
EVEN what they call a large sample of ''junk bonds'' is a lot like ''junk silver''; the junk dealers know better / call it treasure than than trash. Sure can be risk on a single coin or issue.
AT first glance ;
GLADstone + GLAD website looks pretty good.
Sorry I dont have time to really research them @ this time;
back to ETFs + Money Market.
7.77 or 7.75% is better than MM, more risk;
not much risk to my local banks interest except inflation risk + opportunity risk- I care about that last opportunity risk a lot- the pain of severe underperforming the SPY benchmark.
EVEN what they call a large sample of ''junk bonds'' is a lot like ''junk silver''; the junk dealers know better / call it treasure than than trash. Sure can be risk on a single coin or issue.