Right now I still have over 20% of my portfolio in idle cash, and I feel I need to start putting part of somewhere as it been there about 6 weeks. I am too over-weighted in IMH (35%) to buy more of that, and am skeptical of more tax-free munis (15%). Where would you go with it? My own research keeps leading to dead-ends. At my age, am basically looking for income. Thanks.
Careful of acas, its about to dilute and you may be able to get a better deal, in the long run (2-3 years) though I think its got a shot. See what you you think of ALD too. Also had pretty good luck with NFI, although I'm expecting it to peak in the low 40's.
I've done ok playing bounces on NAT, and starting playing natural gas but again I can see stocks like PGH,etc taking a downward bounce even though in the long run it could produce a nice yield.
NFI. . . Understand what you are buying. Go to NFI-info.net for background on the various short attacks that have caused this great company to be undervalued at this point in time. The net result is a 14.1% dividend from an MREIT that has been growing in both originations and profitability.
Beware of NFI's tendency to mislead investors! I trust Greenberg. He's right about Enron and others. Read:
I'm in SRE - very solid, (divvy is small, though).
Also, have you considered diversifying into energy sector? If you are not comfortable with canroys I recommend SJT (divvy just under 10%). Until LNG will start flowing into US, (not before 2007) local (North American) NG producers will benefit from high prices.
Just a suggestion.
For high yield I am working toward a balance between MREITS, Closed bond funds, and CanRoys. I have a smaller amount in equity funds and utilities. I have a large chunk in 72 month CD's which are paying just under 8%. I hope the rates are up by the time those start maturning in a couple of years. I recently took a small position in MMP and TPP. They yield around 7%. I plan on buying a bit more of the closed bond funds after the June fed. rate increase.
How about moving some of your IMH common to the new preferred B paying 9.375%. Exchanging a little yield for relative stability of principal and income.
Also, SFI_pi- yielding about the same but trading at a discount to its $25 par.
Just a couple I've been looking at myself.