Please let us know the name of your firm so we can be sure not to do business with them.
I wonder if now is a time again to put in some lowball limit orders for you favorite REIT, BDC etc. It seems a December rate hike is getting closer and we might see another 'flash crash'. I know I like OHI, TCAP, PNNT, even T and RDS-B Perhaps I'll add WPG also.
So most REITs are paying 5-7% today with a chance to increase in price as the economy gets stronger. Plus they can raise their dividend rate. You say you are getting ALMOST DOUBLE from corp bonds. So I guess that means you are getting investment grade bonds paying about 10%. ???? As interest rates rise , these bond prices will fall. Of course their rate is fixed as well. And if you invest in bond funds, the monthly payment will decrease as well. Like your alter egos Halstead, Donk you make no sense.
no there isn't. Enron was a scam and did not own anything. KMI, O are REAL companies with assets that produce revenues.
no I did not pay $50 for KMI. $50 was for KMP. when it hit $95 it was exchanged for 2+ shares of KMI so about $38. Yes down in value from that. But waaay ahead altogether. Sorry you don't understand
original purchase of KMP was at about $50. Reinvested the 6+% payments for about 3 years. Then it was converted to Kinder Morgan (KMI) at about $95. That's a big gain for three years. Now KMI paying that dividend that increases every quarter. About twice as much income as when I started. That's a lot of income for me. Sorry you missed out.
And buy high quality bond funds??? So not only will you lose principal, but when rates go up the monthly dividend will go down so you lose both ways. WOW
'wait it out in cash and made out like bandits' So you have sitting with funds in cash for years waiting for rate increases that never came. While everyone else was cashing in on the biggest recovery in history by owning REITs and other stock. That was great advice. OK now lets see if you next prediction comes true. O will be in mid 20's within 30 days.
I don't believe in absolute 'never' What about for those who don't have taxable accts? They can get a higher return in the IRA and just pay the tax when due. Some with small balances may not have any or liittle due. Also for those who have it in their taxable acct--there is a big tax due on sale there also.
I think we will be seeing better (lower) prices on REITs in the next few months. I own KMI, I think it could go under $20 per share
great thank you. I originally bought KMP. I had it for a couple of years and got that great distribution. When it got converted to KMI everyone made a huge profit. Now it is KMI and just keeps raising the dividend. What a great investment. Sorry you missed out.