if you don't need the money you don't lose a thing until you sell!! i own this thing about 5 years it owes me absolutely nothing. i am averaged in at 15.27. it will get back there it always did. It will again. any comments?
I've used the same strategy with my reit preferreds...In fact, I almost like them to bleed lower at times because I'm always reinvesting the dividends, so I don't mind the lower prices and higher yields. For people that are older, like me, maybe they can understand it's more about cash flows and much less about "price"...And with the preferreds, they can only be called at PAR VALUE anyway, so I never plan on selling, even in dark times....(NRF-C&D are current favorites of mine)
And yeah, I do (recently) own some NLY shares, thru REM. I got back into REM at a 12.09 avg price (incl fees)...Besides NYMT I recently bought, REM is the only other non-preferred I own....I suspect the 15% divvy will drop a bit, as NLY/AGNC did lower their divvy payouts (not yet reflected), but I suppose I just like the added safety of owning "a basket" of common mreits...Won't be as spectacular, if the sector rebounds, but I'll participate - and as I said, ... for me it's ALL ABOUT DIVIDEND CASH FLOWS....and much less about "appreciation"...It's a difficult concept to grasp, unless you're over 60!!...so I don't expect too many people to ascribe to my methods/views. But good luck to NLY shareholders, of which I'm one...in an indirect way (smile).