In May 2015 I was quite despondent. Having a significant portion of my capital in Prospect Capital (PSEC) had my portfolio balance going the way of the dodo. I finally made the tough decision to bail without waiting to get back to even, and instead fly to quality by opening a position in Johnson & Johnson (JNJ).
Not only has this resulted in greater financial returns in that I have sufficiently recovered (and more) from my original boneheaded move, it has resulted in greater emotional returns as well, as I spend no energy worrying about yet another dividend cut. But most importantly, there are the mental returns in knowing that the good investment I made continues to be so.
