as long as Central Banks keep printing money...things can go on a long time, as you say. No one kows the future...This reminds me of a mini-WEIMAR market...pushed up by Central Bank monetary policy. I'm not a great fan of such actions (esp as long as this propping up has been going on...unprecedented), but these guys will do what they wanna do... History shows we'll always have ups-and-downs..,...corrections...The future will be no different.
I keep banging away...i.e. if you want a stable dividend that does not get cut (and no stock dilutions)...then just get the ARR-PB...or several other preferreds offered by RSO / NRF / RAS etc etc...Go to 'dividendyieldhunter' and check out REIT preferred stocks...They won't appreciate much...pretty stable stock price...but you'll get the nice, stable cash flows into your IRA...it builds up...and you can reinvest the dividends into more preferreds.
Oh, I think it's now half-way to the next x date...Should be moving up in the next few weeks...The NRF-D was a good buy, on the post x date pullback down to 25.11...nice 8.45% yield...Popping back today, but could bounce around...might get another dip down, within the month?...anything around 25.15 or below, is sweet. As for RAS-C, I'd look to buy after the x date, in about 2 weeks...might go back to 25.20 or below?...I generally put in some good-til-cancelled limit orders...like fishing lines...and then I can just forget about it...see if they fill. (RSO-B should get above $25 soon)
well, any new money try NRF-PD
Current yield 8.45% / yield-to-call 8.39% / callable date APR 2018
(avoid dilutions, get a fixed payout......commercial vs. residential, so govt won't muck it up)
Looks like AGNC tanked early....but has since rebounded nicely...never know, but that may have been the capitulation bottom? I see some others doing similarly...ummm...let's get going ARR. haha/we'll bring up the rear...I only have a piddly amt of those shares...but I'd still like to see a nice reversal for you guys. My preferreds are generally flat on price, day to day...like grass growing.
My ARR common is down 7.55% (supposedly yielding 13%)...and my ARRPRB is down 0.44%, yielding close to 8%. My AGNCP preferred is still in the green, while the AGNC common has been killed recently. The bottom line is that IF there are people in here hunting yield, as Uncle Ben has taken away my nice 5-7% CD yields of the past, I think you should perhaps look into the preferred stocks. Today? I like the NRF-PD ...has a good price today, sans x date...if you can grab that around the 25.15 area...sweet.
Well...good luck on those shares...hope it goes back up after the govt stops mucking with this sector. I do have a few ARR shares (my smallest position in my portfolio...and getting smaller by the day...the only non-preferred I own...Maybe it's my 'reminder stock' of why I chose to stay away from common shares?). I figure I'm down 7% on that piddly ARR position (1% of portfolio)...if they pay me 13%, and that's maybe questionable, I could net 6%...ahhhh...hmmm....I read a study on high, medium and low yielding stocks (which ones performed better)...and the medium yielding ones did the best at overall returns...so, those preferreds within this sector are sorta the medium yield stuff, I suppose.
GO ARRRRRRRRRRRR....surprise me someday....any day !
HE-SUS CHRISTO...sorry bout' the typing...my keyboard and me don't get along...hmmm...anyway...yeah, opted for some more ARR-B at 25.12...I do like the NRF-C on the nice pullback, too...after x date passed (ENNY....was Benny boy...we gotta get rid of whomever's running D.C. right now....wish we'd gotten MITT)
Looks enticing....but I'll pas...trd of how these common shares (of these companies) are being treated...I need SEC / ENNY / FHA outf the way...
RSOPRB / NRFPRC / NRFPRD etc etc ...just go to 'dividendyieldhunter' and find some nice paying REIT preferreds, for gosh sakes...good site to hunt for the REIT PREFERREDS, yields / yield-to-call / duration of paper...good luck to the seniors hunting for yield...you're better off in the preferreds....you'll avoid having to' trade down' at the grocery store, for cat food, ...thank Benny ! and this administration who have brought you this train wreck
stick to the UNDERLYING preferreds....RSOPRB / NRFPRC / NRFPRD / ARRPRB / etc etc
I'll not own any COMMON stocks within this sector...with govt snooping around, looking to regulate leverage...Dudley and now BENNY BOY spoke of this...so, we'll see if the SEC mucks up things...I don't wanna use "hope"...go for the PREFERREDS....(The common shares will only insure that old people will eat cat food, hunting for yield...Thank you BENNY BOY)
ps...meant to say...go into 'dividendyieldhunter' to look for the decent paying PREFERRED REITS...not common.
Why so weak? Because Benny Boy talks about "risk" and possibly mucking around with "leverage" some institutions employ...and earlier, Dudley (of the FED) also spoke about this...i.e. just get the heck out of mREIT COMMON stocks...and move over to the safer PREFERRED stocks of these companies (AGNCP)....FIXED PAYOUTS / get paid first, so much safer in those....RSOPRB / NRFPRC / NRFPRD / ARRPRB, etc etc.....(I'd NOT be in any common stocks of this group until the govt stops targeting them....and mucking around....But I do wish you luck, if you remain in the common shares, tho).
Just go to 'dividendyieldhunter' to find the good REITS with yield-to-calls of 7.5%-8.5%....and gives duration dates of the preferred paper...updates...good site to do homework)
Gosh...typed "boring" and didn't finish...Ummm...just that Saturday's boring ...make a prediction game on the RSO-PB price just before the x date....I'll guess 25.30....hmmm...whatever...if it rises above that, I'll be fine losing the game. (this is just a 'filler' post)
Gordon's article:Sometimes, when the chairman of the U.S. Federal Reserve speaks, my diaphragm pushes on my lungs hard enough to inhibit breathing. It's not that I don't admire Ben Bernanke on a variety of levels. It's just hard to believe that a man of remarkable intelligence is serious when he says, "In light of the current low interest-rate environment, we are watching particularly closely for instances of reaching for yield."
So members of the Fed are monitoring excessive risk taking, are they? How can anyone refrain from riotous laughter?
My 80-year-old father in Florida never had a need for higher yielding bonds. In the 20 years between 1988 and 2008, he and his wife were quite content to supplement their pension with an average of 5%-6% interest from CDs. Unfortunately for them, the last of the CDs matured in 2010 and the Fed's seemingly endless quantitative easing effectively killed the collective yield on CDs, treasuries, and investment grade debt. Their only choice to avoid invading principal? Pops had to begin risking IRA dollars in higher yielding bonds and preferred stock."
bottom line: you have a 3 pronged attack on mREITS...1)fed with narrow spreads...2)SEC & Fed talking about excessive leverage and possible new rules coming....3)and then you have FHA changes coming with more liberal rules to do more underwater refis. There comes a time, people, when you stand aside...let the idiots in D.C finish with their "mucking things up" regs and rules...and then look to possibly reenter these mREIT common stocks, later...later .... I changed to ALL PREFERRED stocks of these companies, with fixed rate payouts, no dilution risk, first to get paid, etc etc...RSOPRB / NRFPRC / NRFPRD / RASPRC....etc etc...key word PREFERRED. @ fixed 8%+ returns