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Annaly Capital Management, Inc. Message Board

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  • solen.meek solen.meek Dec 13, 2012 7:45 PM Flag

    NLY - It got boring on the REM forums.

    Well I bought into a position in REM which has roughly a 20% allocation to NLY at 14.41/s.

    I'm looking for income going into 2013. I was also looking to avoid hard hit dividend areas outside of mREITs because mREITs will not get hit as much if at all by the tax increases from the fiscal cliff compared to normal dividends.

    Currently REM is sitting at 14.08 and I've been holding since early November. My entry into REM could have been timed worse. But I'm sitting at 15% gains for the year on my entire portfolio thanks to the Junk Bond Market and a few well timed trades during the summer.

    I need something long term though. 2+ years.

    Sentiment: Hold

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