In the Year 2000, my wife and I purchased a combined LTD policy from GE Capital. At the time, we were told that although there was no guarantee of future rate increases, to date, GE had NEVER increased the original policy premium. Plus, we purchased from GE because of its solid financial condition.
Well, here it is 16 years later, and we just received notice of another premium increase. This one is a 30% increase over the current year's premium, and it is either the third or fourth increase since policy inception. What started out as an annual premium of $3,022 will increase with this year's renewal to $5,147, an increase from our original premium of 70%.
How long do you think us policy holders can continue renewing with these kinds of rate increases? Plus, even if we renew at these high rates, there is no guarantee that Genworth will not continue these huge rate increases, or that Genworth will not file for bankruptcy, or that Genworth will unload their LTD business to some other insurer who will again stick it to the policy holders.
We thought we had been prudent 16 years ago in providing for our potential future care needs. Now, we find ourselves between a rock and a hard place.
You have posted several infantile, idiotic posts this afternoon. The late Rodney King had a higher IQ than you do. I have two words for you and they are not Happy Birthday.
When I purchased this stock in 2011, the dividend was 40 cents per share, and the yield was 16%. Not only do I have a significant 23% decrease in the price per share at today's close, the dividend is now nearly 43% lower, and I have a yield of 9.2%. Definitely one of my poorer investment decisions. I have kept the stock thinking that performance would improve. My mistake.
Dividend reduced by 18% from 28 cents to 23 cents. As if the major drop in price per share over the past year has not been bad enough, now we suffer a major dividend reduction. On 7/25/14, this stock closed at $13.17. Today, it closed at $8.82. For the past FIVE years, the dividend has been 28 cents per quarter. I can't wait to see how much lower the PPS goes tomorrow.
LOL. So where is that $500 mil. coming from? Since the NDP does not have printing presses to print more Loonies, I have to presume it is coming out of the current taxpayers wallet, or will be funded with long term debt to be paid off in the future by the young citizens of Alberta. Socialism at its finest.
If you do own any AGNC stock then do us all a favor and sell it all. Otherwise, please, please, please, #$%$.
I read the Barron's article, I have read the posts here on this proposal, and I have looked over the proxy statement. Based upon that, I just voted NO across the board on the proposal. In my opinion, there is absolutely no justification in giving the outgoing management a $20 million windfall.
This stock has dropped over the last 12 months from around $9.74 to $6.84 as I write this. In my opinion with that kind of horrible performance, management should give back all of their management fees for the past year. I will gladly vote YES for a proposal that is fair to the stockholders if only for the reason of getting rid of this management team.
I am with Fidelity Investments in two accounts holding RSO. Fidelity did not take any fee. My transactions for today show only the 1 for 4 split.
I have been with Fidelity for about 30 years. My wife and I have our joint account, her IRA, and my IRA with Fidelity. In all those years, I have never found as much as one mistake on my statements or my trades. Commission is $7.95 per trade. I think that ETF trades are non commission but I do not trade them so I cannot confirm that.
Did you sell this stock short? Judging by your comments, you need to take a tutorial on how mortgage REITS function.
What's the matter john11? Did you short GILD in expectation of a bad quarterly report? Bad for you. Great for us shareholders who have confidence in this company.
Well NIck, then why are you here spouting your nonsense day after day. If AGNC is such a bad investment in your opinion, I presume you sold your shares a long time ago. If not, then apparently you are not listening to your own postings.
Book value is mostly related to a change in the asset value of the holdings, not a dividend distribution. If they gave no dividend, the book value would increase or decrease based upon the valuation of the loans at any point in time.
Well, you paid extra taxes for 2015, and you will pay extra capital gains taxes when you sell your shares because your broker will reduce your original cost basis by the amount of the return of capital, and they will report than number to the IRS. If you report a different number, you will have to justify the difference to the IRS.
It is not just Yahoo, it is lots of web site. Plus, ads popping up all over the place. Recently, I replaced my wireless mouse which was misbehaving with a wired gamer mouse. Works great, plus a major benefit is the small clickers on the right side of the mouse which control volume up and down. I always keep it at zero unless I want to hear something. No more fidgeting with the volume control on the screen.
A year ago, this stock was selling at $9.94. Today, it is at $6.51. That is a 35% drop. That is not chicken feed. I own a number of BDCs and Reits. While all of down, FSC is down a lot more than the rest of them.
I don't see where they mentioned anything about the first and second quarter dividend in 2015. So, are we left to guess whether they are dividends, or will they tell us in June of 2016 that they are Return of Capital.
Holy Smokes. What took then until the middle of this year to determine that ALL of 2014 dividends are NOT dividends but Return of Capital? Have they fired the CFO along with this announcement? Where did they think those cash distributions were coming from in 2014?
Fortunately, I hold this stock in a tax deferred IRA. So, this reclassification will not impact me. For those holding this stock in a taxable account, you will have the enjoyment of having to file an AMENDED 2014 Federal and possibly State return. Otherwise, you will have paid too much tax for 2014, and when you eventually sell the stock, you will be paying a higher capital gains tax because your purchase cost of this stock will have been reduced by the amount of the 2014 Return of Capital.