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American Capital Agency Corp. Message Board

  • raybans2 raybans2 May 3, 2013 11:36 AM Flag

    I dumped all my mREITs

    After market open there was a small pull back from premarket lows and I decided to get out and become an observer of events. I truly don't understand what is going on with earnings and why they are declining because I don't have the patience to dig into the details. All I know is that lately there are a lot of other sectors in which I have been making more money in a few months than I make on these things in a year. So I decided to reallocate. It was more of a recognition of greater opportunity elsewhere than a condemnation of the mREIT sector. It just seemed like there was lower hanging fruit elsewhere, for now. Of course that could change. Basically I’d rather have my money invested in a stock that is not forcing me to reevaluate the wisdom of holding it based on recent events. I like to row downstream in other words.

    Of course is there are clear reasons given as to why these lower earnings are a one time event then I will reconsider.

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