How did the old picks perform?
Former investments documented in Armchair’s public newsletter, with a fresh look at what $10,000 invested one year ago would be worth with distributions reinvested.
These are hypothetical buy-and-hold returns over the latest year, not Armchair’s realized results or returns since the original recommendation. Newsletter dates show when a trade was reported, rather than its exact execution date.
Documented past picks36
Full one-year returns33 of 36
Same $10,000 in S&P 500 (SPY)$11,725
Sep 22, 2025 – Sep 21, 2026One year · USD · distributions reinvested
| Investment | Armchair history | $10,000 becomes | Gain / loss | 1-year total return | Why Armchair moved on |
|---|---|---|---|---|---|
 ASGIabrdn Global Infrastructure Income FundCEF | SoldNewsletter | $10,774 | +$774 | +7.74% | Sold the remaining position after the market premium rose while NAV declined.View investment → |
 QQQINEOS Nasdaq-100 High IncomeETF | SoldNewsletter | $11,809 | +$1,809 | +18.09% | Replaced with GPIQ after comparing total returns.View investment → |
 ADAMHAdamas Trust 9.875% Senior Notes due 2030Bond | SoldNewsletter | $11,071 | +$1,071 | +10.71% | Took profits above par and switched to Annaly Series G. This was the later exit after a repurchase.Adamas Trust 9.875% senior notes due 2030, formerly NYMTH. Distinct from ADAMI.Security details View investment → |
| SPYINEOS S&P 500 High IncomeETF | SoldNewsletter | $11,613 | +$1,613 | +16.13% | Switched to OVL for greater potential total return, accepting more volatility.View investment → |
 RQICohen & Steers Quality Income Realty Fund, Inc.CEF | SoldNewsletter | $10,225 | +$225 | +2.25% | Exited the remaining position as its discount narrowed; retained other real estate funds.View investment → |
 EICEagle Point Income CompanyCEF | SoldNewsletter | $7,979 | −$2,021 | -20.21% | Exited after distribution cuts and weakening NAV raised concerns about CLO income.View investment → |
| EICCEagle Point Income Company 8% Series C Term PreferredPreferred | SoldNewsletter | One-year return unavailableRedeemed in April 2026. A continuous one-year market-price return through the comparison date is unavailable. | Sold ahead of the announced April 2026 redemption.Security details View investment → | ||
 NLY-PFAnnaly Capital Management Series F PreferredPreferred · formerly listed as NLY-F / NLY.PR.F | SoldNewsletter | $10,918 | +$918 | +9.18% | Sold Series F preferred shares to fund silver and real estate purchases as floating income declined.Annaly Series F preferred shares, not NLY common stock or the currently held Series G.View investment → |
 BITOProShares Bitcoin ETFETF | SoldNewsletter | $7,442 | −$2,558 | -25.58% | Consolidated bitcoin income exposure into BTCI after comparing performance.View investment → |
 CLOZEldridge BBB-B CLO ETFETF | SoldNewsletter | $10,506 | +$506 | +5.06% | Exited as falling interest rates reduced CLO distributions.View investment → |
 IGLDFT Vest Gold Strategy Target Income ETFETF | SoldNewsletter | $11,032 | +$1,032 | +10.32% | Replaced the gold income allocation with KGLD.View investment → |
 JBBBJanus Henderson B-BBB CLO ETFETF | SoldNewsletter | $10,497 | +$497 | +4.97% | Exited as falling interest rates reduced CLO distributions.View investment → |
 PFNPIMCO Income Strategy Fund IICEF | SoldNewsletter | $9,565 | −$435 | -4.35% | Preferred PCN for its distribution history and lower leverage.View investment → |
 BSTBlackRock Science and Technology TrustCEF | SoldNewsletter | $13,814 | +$3,814 | +38.14% | Exited because changes to the options and distribution strategy created uncertainty.View investment → |
 DX-PCDynex Capital Series C PreferredPreferred · formerly listed as DX.C / DX.PR.C | SoldNewsletter | $11,057 | +$1,057 | +10.57% | Sold Series C preferred shares above $26 because they were callable at $25.Dynex Series C preferred shares, not DX common stock.View investment → |
 UTGReaves Utility Income FundCEF | SoldNewsletter | $9,927 | −$73 | -0.73% | Switched to UTF for relative value after UTG appreciation reduced its yield.View investment → |
 JEPIJPMorgan Equity Premium Income ETFETF | SoldNewsletter | $10,801 | +$801 | +8.01% | Replaced with GPIX after comparing performance and volatility.View investment → |
| JEPQJPMorgan Nasdaq Equity Premium Income ETFETF | SoldNewsletter | $11,939 | +$1,939 | +19.39% | Rotated to QQQI after it outperformed and offered more transparent options exposure.View investment → |
| ADAMIAdamas Trust 9.125% Senior Notes due 2029Bond · formerly listed as NYMTI | SoldNewsletter | $11,085 | +$1,085 | +10.85% | Sold NYMTI, now ADAMI, and moved to Dynex preferred shares for lower observed volatility.NYMTI became ADAMI on September 3, 2025; it is the same 9.125% senior note due 2029.Security details View investment → |
 WDIWestern Asset Diversified Income FundCEF | SoldNewsletter | $9,166 | −$834 | -8.34% | Sold after the discount disappeared to fund other opportunities.View investment → |
 AGNCNAGNC Investment Series C PreferredPreferred | SoldNewsletter | $10,977 | +$977 | +9.77% | Sold preferred shares above $26 to reduce exposure to a potential $25 call.View investment → |
 FEPIREX FANG & Innovation Equity Premium Income ETFETF | SoldNewsletter | $11,712 | +$1,712 | +17.12% | Exited because of volatility and NAV erosion during market declines.View investment → |
| IWMINEOS Russell 2000 High Income ETFETF | SoldNewsletter | $11,891 | +$1,891 | +18.91% | Exited small-cap options exposure amid tariff and interest-rate uncertainty.View investment → |
 ARDCAres Dynamic Credit Allocation FundCEF | SoldNewsletter | $9,093 | −$907 | -9.07% | Exited due to leverage costs, a market premium and a distribution reduction.View investment → |
 OBDCBlue Owl Capital CorporationBDC | SoldNewsletter | $9,292 | −$708 | -7.08% | Reduced overlap with the existing PBDC fund allocation.View investment → |
 STWDStarwood Property TrustStock | SoldNewsletter | $8,337 | −$1,663 | -16.63% | Exited after limited growth failed to justify single-company concentration.View investment → |
 MAXISimplify Bitcoin Strategy PLUS Income ETFETF | SoldNewsletter | $7,487 | −$2,513 | -25.13% | Switched to BITO and BTCI after the strategy expanded beyond bitcoin exposure.View investment → |
 SLRCSLR Investment Corp.BDC | SoldNewsletter | $8,441 | −$1,559 | -15.59% | Consolidated individual BDC exposure into fewer holdings and PBDC.View investment → |
 RCReady Capital CorporationStock | SoldNewsletter | $4,182 | −$5,818 | -58.18% | Exited a small mortgage REIT position after disappointing performance.View investment → |
 HTDJohn Hancock Tax-Advantaged Dividend Income FundCEF | SoldNewsletter | $10,368 | +$368 | +3.68% | Took gains as the yield declined and moved toward lower-volatility CLO income.View investment → |
 TLTWiShares 20+ Year Treasury Bond BuyWrite Strategy ETFETF | Previously heldNewsletter | $10,055 | +$55 | +0.55% | Discussed continuing to hold despite weak performance. A later exit date was not verified.View investment → |
 HESMHess Midstream LPStock | SoldNewsletter | $12,256 | +$2,256 | +22.56% | Exited amid concerns about insider selling and uncertainty over ownership changes.View investment → |
 ABRArbor Realty TrustStock | Exit announcedNewsletter | $4,217 | −$5,783 | -57.83% | Announced an exit following reports of an FBI probe; the article describes an intended sale.View investment → |
| VIASPVIASPVia Renewables Series A PreferredPreferred | SoldNewsletter | One-year return unavailableOnly one adjusted-price observation (June 30, 2026) is available. A full one-year return cannot be verified; the issuer announced a June 2026 redemption. | Exited amid volatility and uncertainty over privatization and preferred-share treatment.Security details View investment → | ||
 AFTApollo Senior Floating Rate FundCEF | SoldNewsletter | One-year return unavailableHistorical AFT fund: no continuous one-year adjusted history is available. MFIC is a different investment and is not substituted. | Sold before the proposed MFIC merger changed the nature of the investment.View investment → | ||
 GLADGladstone Capital CorporationBDC | SoldNewsletter | $9,351 | −$649 | -6.49% | Took gains while reducing the weighting in individual BDCs.View investment → |
Market data checked Sep 22, 2026. 3 unavailable securities remain in the table.
About this history
Research checked Sep 22, 2026 against the public newsletter archive, covering issues from May 2024 through August 2026. We included documented former holdings, not funds merely mentioned in a video or on a watchlist. These names are absent from the August 28 published portfolio. Later changes and a complete lifetime trade record are not verified. TLTW has a confirmed holding reference but no verified exit date; ABR’s article announces an intended exit.
Each available value uses $10,000 × ending adjusted close ÷ starting adjusted close. Yahoo Finance’s adjusted prices account for distributions and splits; figures are estimates before personal taxes and trading costs. Every row uses the same dates shown above. Missing or redeemed securities remain listed without invented returns, successor substitutions or a shorter period presented as one year.
Repurchased holdings in the latest portfolio, including GPIX, UTF and PDI, are not classified as former holdings here. A sale does not necessarily mean Armchair stopped liking the investment; the original reason is summarized beside each source.