Hi Tom, As I stated above I'm not the smartest person around,you could be better informed by others.
My opinion of IGR.I may be wrong and it wouldn't be the first time.But I wouldn't buy it .Why?Because the dividends have decreased , the earnings are negative .Also, I see no expected earnings for this year or the coming year to show me they're turning around.However, they're involved with Real Estate and that market is starting to turn around.Your friend may see this as a chance to get in low and may be right.
I'm very uneducated and more of a common sense investor.However,I will tell you why I think you may want to go over my list.Then you should check to be sure things didn't change.As I put this list together a while back.
(1)All of the above stocks EPS and /or expected EPS are more than the dividend pay out.
I would place all of my holding in the reinvesment plan until you're out of work.Then devide my dividends by months .Then write myself a check per month subtracting taxes. They say you shouldn't have more than 10 stocks so you can keep up with them.I can't keep up anyway.So I have over 30 stocks . I don't bet heavy on any one stock.Stay diversifed,