I sold my shares in my taxable account the day prior to ex-div. Wanted to capture the dividend via cap gains and go shopping post-Brexit. Added some shares back in my IRA yesterday but I still have money to invest.
I know that everyone is saying rates will stay lower for longer but eventually they'll have to ramp up the printing presses. That may only happen after we start seeing more bankruptcies. So what is "safe" to buy to get through that phase and do okay on the other side. Maybe NRZ is in that list. I want something other than an mREIT in taxable. (I already have other mREITs in taxable but shifting them towards IRA). Something that generates a decent qualified dividend. How about insurers like AIG, MetLife, Allianz? Any opinions? I bought a bunch of MetLife recently and started stakes in AIG and Allianz. The insurers were hit since long term rates have gone down. They have a much better credit rating than mREITs. I could have bought MET for $57 last year but paid $39 last week. Seems like there is long term potential for cap gains.
I'm not a fan of eREITs. The price is too high, they will be impacted by a rise in rates. In the meantime you risk doing poorly get lower dividend yields than in the past.
Still have many shares of LADR and STWD. Not worried about rate fluctuations but rather credit losses if things get really bad. They are great firms but if China implodes I think anything related to credit is going to get hurt. I lightened up on STWD as well last week to buy some Brexit bargains. I'm even wondering if I should keep some of my powder dry. The bounce back from Brexit was so quick that I'll probably wait for some to pull back.
Any thoughts from the regulars would be appreciated. A lot of wise posters here...