Why are we here & not there? I guess I'm here partly because of the comparatively long history of ANH, and also because of the agency backed securities aspect. Though the article doesn't tout how brilliant this management team is, I think they've got a proven track record. Also, it's not the highest yielding mreit, so mr. market thinks it's not quite so risky as some others. It is a little worrying that we're among the highest leveraged, which other things equal would make us more vulnerable to interest rate increases, which I'm betting won't happen until the better part of a year slides by. I'm long only a thousand shares and consider this to be the riskiest stock in my portfolio. So why are you guys here? Arf
Shares were highlighted in this month's High Yield Investor letter. Based upon that and the general boredom (read: no apparent blow ups) of these shares I am in at $7.39. Am already up to my eyeballs in NLY and less so in PTY. Love the recent confidence of NLY's management to raise the divi. After the ANH purchase I feel fully invested in MREITs. And, should the market's uptrend re-establish itself I will use available cash to buy back growth stocks. Nothing, nothing beats a good growth stock.
ANH is a major holding for me. I also have lesser amounts of NLY and HTS which are similar companies. It's pretty hard to beat the yield and as you hold through 6-8 dividends, your cost basis goes down as well. If you were buying in a taxable account your tax bracket might be a consideration as well. I own the three in taxable and IRA accounts. GLTY
Perfect for an IRA. The Fed just told us that interest rates would remain at current levels for "an extended period". Why not ride the wave? I see another year at least. I mean, look at all the head winds, higher gas prices, unemployment at 9% or higher, higher umemployment claims, housing in the dumps for who knows how long, consumer sentiment still low, the rich sitting on $ rather than re-investing, etc. Count me in for at least another year.