Same here. Almost every mREIT has been a catastrophe the past few years. All AGNC and other mREITs do is drop. And drop. And drop some more.
Sentiment: Strong Sell
Yes, i held over 2000 shares for 5 years. Worst investment i have ever made. As she pays dividends, your equity drops like a brick.
Alright, folks, I'm in... first time buyer of AGNC starting with a modest position of 220 shares (around 3% of my dividend income portfolio). Does anyone on here hold AGNC as a major chunk of their portfolio? r/s
The FED is like an old wives club.
They aren't there to spread fear or hope.
They are there to regulate money supply.
Wonder if Dudley gets paid anything over his $410,000 per Fed Salary whenever he opens his yap.
and by the way, Nov, Dec and Jan are the months with the most eases since 1971 which total 72 (with Dec having the most @12--so obviously I wouldn't say the Fed never eases in Dec) and Dec is the month with the least raises at 4 (out of 92 and two were in the in the 17 consecutive 25bps raises from June '04 to June '06 so I don't count them).
Put the spinner on ignore, them it's like the fats domino song "I hear you knocking but you can't come in"
people should read before they post "the fed does not raise rates in Dec". (which is a gross generality on my part actually the number is 2.13% in the past 40 years).
People should research before they post.
Federal Reserve Board rate changes in DEC (since 1972):
2008, 2007, 2005, 2004, 2001, 1995, 1991 (two separate times), 1990, 1989, 1988, 1986, 1985, 1984 (two separate times), 1982, 1981, 1980 (two separate times), 1979, 1978, 1976, 1974 (two separate times), 1972
That is 25 changes in December. How many were increases versus decreases is irrelevant__the importance is the FED is ‘not’ immune from DEC changes.
The most consistent trend from mid NOV thru FEB are adjustments to reserves; and ‘Central Bank’ and IMF purchase/sale of currencies’. These entities adjust their balance sheet(s) for their ‘fiscal year’ closings. This consistent seasonality creates increased volatility providing an opportunity using FOREX spreads to capture coin. The seasonality is more opportune than the grain trade at harvest season(s).
I think the Fed has painted themselves into a corner that requires them to raise rates. I think they need a strong stock market, and a 2015 increase is required for that.