Hearhere he/she was talking about the series A preferred. It is referred to as comprehending what u read. But, ur case ur eyes are clogged with poo because, well we know where ur head is at.
Greenspan is a registered Democrat
By the way he confirms that in his memior book. Your post attempting to 'call out' Tahoe best illustrates a difficulty with factual knowledge. 1st Tahoe was posting about the series A preferred not the common. 2nd even if you had a capital loss on the equity you would still owe tax (in a taxable account) on the distributions__usually referred to as dividends by amatuers (technically they are distributions because as a trust_they are not shareholders but unitholders. 3rd Tahoe posted it was a "Roth" IRA so no taxes__no way unless pulled b4 59 1/2 years of age or a qualified early withdrawal.
you better stick to ur more ridiculous posts__facts are not ur strong suit hearhere.
There is a CEF_'RNP' that manages a port almost inclusively in these preferreds. Like any CEF the opportunity can come to buy at substantial discount to NAV (then opposite can unfold). During tax selling season I was able to buy RNP at a NAV disount at 15.92/sh (and distribution) Today at 17.06 is a -14.5% NAV discount with a market price distribution of 7.03%
Eddyjoe you are just as stupid as herehear. The security Tahoe posted about was issued at $25 per share is today approx 25.87 while paying 8% at the par of $25. If you cannot comprehend the difference btwn common and preferred shares you better stick to passbook accounts. Even the concept of a CD ladder is probably too deep for your brain matter.
"when an equity loses 1/3 it's value, it cannot be considered "STABLE" regardless of 8% distributions.
A net minus 23% is outrageous in the GREATEST market in HISTORY"
There is ur post__that is not even close to what you claimed now in ur idiot reply. If u cannot even understand ur own posting__well moron is not a strong enough label for you. Maybe u should try thinking b4 posting from ur piehole!
Your numbers did not match up. Why don't you just admit that you posted from your piehole and jump on the poster about the common after not making the effort to comprehend what they were posting about.
Everyone knows the common has been poor investment but the preferred is a different situation. While I never would hv purchased it above par (as the poster did) for an investor wanting a stable income stream at the level of a hi yield bond butg without that credit risk the preferred has produced that outcome.
It is not so hard to say I made a mistake__but to say a post of 25 words plus three numerics is a typo that is just lying.
1) While you HxH have created m/b close to 500 IDs to continue ur mental brown sheeeeet on this board__U hv ended up posting back and forth to ur own IDs.
2) Since u obviously do not own AGNC why r u here other than to ‘agitate’?__which u recently accused another poster of doing!
3) There are reasons to invest in income supply securities as an allocation differential component.
4) The indicator of an amateur investor__is one who cannot understand fundamental differing asset pricings. A professionally educated and skilled port manager understands the difference btwn buying yield and duration pricing vs. security price. For an obvious amateur (as urself) the mREITS have bn yield picking opps. While myself having a (fiduciary relationship w/Fidelity) have info sourcing advantages__it does not alter the buying/selling for different assets.
5) A pro (which u r not even close 2__try passing the ‘Series 7, 6 and 3) understands that no securitized markets are priced within themselves. Every trading day there is a top down vs. bottom up pricing reflected from debt instrument flows, input commodities, FOREX (currency hedging in relationship to these prior two) and then equity security prices to reflect these adjustments.
6) If you would like to change urself from a posting fool___read some books/take some of the classes from our CBOT/CBOE curriculum.
7) The Mkts start at GMT +12. You only know about NY to Chicago end. In other words__you are climbing in2 ur blowup and creating new bogus IDs while any mkt pricings opps melt away.
This is a an example of ur lack of knowledge__yes any account holder has a fiduciary relationship with Fidelity__I hv a fiduciary relationship with who I represent__read any Fidelity prospectus__and you will find that they spell ‘print us out’ as a ‘special class’.
The only reason I posted the inclusion ‘of the fiduciary relationship’ is have to adhere to “Business ethics”____________you still do not think u hv 2.
Ur day is coming!
If you are referring to the offering being commented on today__they are not bonds. Bonds pay interest and are senior to these.
Fidelity--you can also set up international trading if you financially qualify. After all trading again statrs in GMT+13 and travels to US central time.
But most likely with TD you just need to change your account options and read and agree to the AH terms
In Caif Chrome last two races__lead my 3 lenghts--won by one. lead by 5 lenghts--won by 3.
Chrome struggled to keep the pace. This is the longest track.
Excuse me__but have you ever heard of the derivatives that trade at the CBOT and NYFE?
Hedging the way you are mentioning is amatuer time.
Maybe you should read your own posting ' It's WAY overvalued right now solely because one trader made a huge option bet"
I suggest you take our options course at the CBOE and also change your yahoo user ID to 'thin skinned' .
Derivatives do not move underlying prices with the exception of forward futures contracts moving into the cash delivery time frame. With equities that can only occur with the derivative indexes, but not with individual issues. That Bloomberg author needs our classes. Beware of material that is not subjected to repeated editorial review process by subject matter experts.
I do not know if it is still available in the AGNC msg board data base__under my ID. to settle a long standing posting of misinformation on that board. I posted a string of postings (essentially the material used in our 4th class) illustrating step by step how a derivative contract moves into cash settlement. Eliciting for all to read__how misinformed the often stated (even on CNBC) idea is that forward derivatives drive underlying pricing.
I would not touch a long equity position unless the RSH board/executives can come to an agreement with the creditors that would allow them to move forward with aggressive store closings. An option spread could be a good bet on that long shot hope. The problem is when that might happen (if at all).
Either way I believe at this point the equity will be wiped out in a restructuring (aka. Kmart) or diluted thru rights offerings to the creditors and or secondary offerings.
My thinking is the way to gamble on an possible agreement and maybe ultimate survival or take over is with a debt security, such as, CUSIP 750438AE3, 6.75% 5/15/2019 maturity. At approx. $0.42 the semi-annual yield is 29% and if RSH survives till that maturity__receive $1000 for every $420 plus the interest income. If they file BK__maybe receive 0.20s back for each bond.
I feel this is a better gamble than the equity__but still a gamble.