I predicted exactly 17.5 cents per share on this board. You know what they say,"even a blind squirrel finds a acorn every now and then". Just patting myself on the back because this will never happen again, I promise.
Agree fully with sween about a market correction coming soon.
Three main reasons: 1) Dow Jones at all time high, with many investors wanting to lock in some of their gains; 2) Huge budget battle coming to Congress, which includes raising debt ceiling (during the last round of budget talkes, remember the market correction) 3) the approach of the month of October, which historically is a poor month for stocks and sometimes is a disastrous month (remember, Black Monday, anyone?).
But if you are mainly a divvy investor, divvies have been reset by many companies coming out of the Great Recession, and are now slowing inching their way upward. Some are increasing their payouts wonderfully, such as NRZ/NCT now as two companies, which provides a nice inflation hedge. So despite correction coming, I am content to sit with stocks like NRZ and collect steadily increasing divvies.
Thanks sween.....your stuff is surely more than one hour's worth!
Talking heads have been screaming about a 10% correction for most of the last 6 months. I have confidence in my investments that they can weather whatever the market throws at me. Hey, look at the 10%+ decline in the REIT sector over the past 6 months.. All my companies have recovered and then some. They have to have something to talk about.
Slow taper plus a massive budget fight in Washington plus the beginning of Obamacare next month equals the first 10 per cent correction of the year. Makes me want to takes some chips off the table while I'm hot.