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American Capital Agency Corp. Message Board

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  • farmapharma farmapharma Jan 4, 2013 12:31 PM Flag

    Cash position

    Ray, what are you buying?

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    • non-M REIT's like NRF and BDC's like FSC, BKCC and PSEC. Got a nice buy on PSEC: 10,000 shares at $10.15 ... now at 35,000 shares. I think RSO is interesting. They suffered badly during the 2009 financial crisis, but I believe they are past that. Yielding over 13%, they invest in commercial paper, and also have some RMBS. I think they could increase their divy soon; holding 60,000 shares.

      I am a long-only trader/investor so it's not for everyone on this board. I am happy that my portfolio is at an all-time high right now which is good having just gone through the cliff. I have been trading with Merrill for 2 1/2 years; during that time my average increase has been 19.5% per year, and my wife's gain has been 24% [I manage her investments also]. I have been a little more aggressive with my investments, but it hasn't paid off, so I am back to my bread-and-butter: high-yield stocks.

      • 1 Reply to ray858945
      • Thanks. I am long RSO too. Puny position compared to your holding! It is managed by the better Cohen brother. They were in the dumps a while ago, seem to be on the way back.Happy patiently collecting 80cents a year in the meanwhile. Also long NRF from around the same time. The company has come back a long way. Stock has run up a bit in anticipation of divvy increase and continued business expansion. I'd look to add on pull backs.

        Will look into the BDCs you mentioned. What do you think of ACAS?

17.565+0.325(+1.89%)12:14 PMEST