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American Capital Agency Corp. Message Board

tomg86402 43 posts  |  Last Activity: May 17, 2015 12:10 PM Member since: Mar 22, 2007
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  • Reply to

    ubs how do they make their money on morl?

    by paulstutz May 17, 2015 5:17 AM
    tomg86402 tomg86402 May 17, 2015 12:10 PM Flag

    The way that UBS makes money on ETN'S is proprietary . They do not share that information. In my opinion, they do own the shares of the underlying reits. The advantage to owning the ETN through UBS as opposed to doing it yourself through a margin account is the cost of funds you would pay compared to the cost of funds available for UBS.

    Sentiment: Buy

  • Reply to

    I don't get this at all?

    by morl333 May 8, 2015 9:38 AM
    tomg86402 tomg86402 May 8, 2015 3:19 PM Flag

    CUT AND PASTE STARTING AThttp://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/Historic-Yield-Data-Visualization.aspx

  • Reply to

    Good opportunity to buy MORL on sale

    by amiculus60 Apr 29, 2015 11:32 AM
    tomg86402 tomg86402 Apr 30, 2015 11:08 AM Flag

    Posted on April 10th:

    I do not worry about a small hike in short term interest rates. I do worry about short term rates going up while the long term rates stay the same or decrease. The yield curve can kill mreits. I do not want to be around if we move toward an inverted yield curve.

    One year ago the spread between the 3mo (0.04%) and the 10yr (2.77%) was 2.73% Today the spread is 1.84%. Mreits borrow short term and invest long term, making money on the spread. As the spread tightens, the ability to make profits without increasing leverage gets harder to do. Things will be great if short and long term rates rise slowly at the same level. That does not appear to be what is happening over the last year.

  • Reply to

    Best guess of rate timing

    by newman1979 Mar 12, 2015 8:57 AM
    tomg86402 tomg86402 Apr 10, 2015 1:41 PM Flag

    I do not worry about a small hike in short term interest rates. I do worry about short term rates going up while the long term rates stay the same or decrease. The yield curve can kill mreits. I do not want to be around if we move toward an inverted yield curve.

    One year ago the spread between the 3mo (0.04%) and the 10yr (2.77%) was 2.73% Today the spread is 1.84%. Mreits borrow short term and invest long term, making money on the spread. As the spread tightens, the ability to make profits without increasing leverage gets harder to do. Things will be great if short and long term rates rise slowly at the same level. That does not appear to be what is happening over the last year. JMO

  • Reply to

    FED - So what?

    by jackadd9 Apr 10, 2015 8:33 AM
    tomg86402 tomg86402 Apr 10, 2015 12:09 PM Flag

    In my opinion, I do not worry about a small hike in short term interest rates. I do worry about short term rates going up while the long term rates stay the same or decrease. The yield curve can kill mreits. I do not want to be around if we move toward an inverted yield curve.

    One year ago the spread between the 3mo (0.04%) and the 10yr (2.77%) was 2.73% Today the spread is 1.84%. Mreits borrow short term and invest long term, making money on the spread. As the spread tightens, the ability to make profits without increasing leverage gets harder to do. Things will be great if short and long term rates rise slowly at the same level. That does not appear to be what is happening over the last year.

  • Reply to

    Re: IRAN

    by skinz4q Mar 31, 2015 10:43 AM
    tomg86402 tomg86402 Apr 1, 2015 6:43 PM Flag

    You assume Iran has just been sitting on oil. I suggest that they have been selling a lot of oil out the back door under the radar at a discounted price. Not everyone plays the sanctions game. JMO

  • NEW YORK--(BUSINESS WIRE)--Mar. 9, 2015-- The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the “Company”) today declared a quarterly dividend of $0.30 per share of common stock for the first quarter of 2015. The common stock dividend will be paid on April 15, 2015 to stockholders of record of common stock on March 23, 2015.

  • Reply to

    Anyone buying today?

    by nxs0152 Jan 29, 2015 1:11 PM
    tomg86402 tomg86402 Jan 30, 2015 10:06 AM Flag

    No K1, monthly interest payout taxable as ordinary income. Because most mriets pay quarterly, morl has a large payout every 3rd month followed by 2 small payouts. To get an idea as to what it is paying look any the last 3 months.

    Sentiment: Buy

  • Reply to

    Anyone buying today?

    by nxs0152 Jan 29, 2015 1:11 PM
    tomg86402 tomg86402 Jan 29, 2015 3:36 PM Flag

    Ask me in 6 months. Kidding aside, yes, buy and hold and collect the fat $4.50 plus a year in interest payouts. JMO

    Sentiment: Buy

  • Reply to

    Do not buy this stock

    by idpatton01 Jan 28, 2015 10:14 PM
    tomg86402 tomg86402 Jan 28, 2015 10:39 PM Flag

    Who are they?

  • Reply to

    Back the Truck up!!

    by joeythebeachbum Jan 26, 2015 10:34 PM
    tomg86402 tomg86402 Jan 27, 2015 11:09 AM Flag

    What street says $1, I must have made a wrong turn and missed that street.

    Sentiment: Buy

  • Just got off the phone with Scottrade, they said the reason my account has not received my January payment is because the company is in Switzerland. They also said they will be putting the funds in tonight. Anyone else have brokers who like to delay payments in your account so they can work with you money. I wonder if I had not called today, would they have kept the funds over the weekend?

    Sentiment: Strong Buy

  • Reply to

    qualified dividend tax benefit

    by belviderebon Dec 25, 2014 2:46 PM
    tomg86402 tomg86402 Dec 26, 2014 10:47 PM Flag

    Yes, any investment interest could be used to offset interest income from MORL.

    Sentiment: Strong Buy

  • Reply to

    qualified dividend tax benefit

    by belviderebon Dec 25, 2014 2:46 PM
    tomg86402 tomg86402 Dec 26, 2014 5:10 PM Flag

    MORL does not pay a dividend. The monthly payout is an interest payment and is taxed as ordinary income unless held in a tax deferred account. If your broker is showing it as a qualified dividend, they are wrong, and if the IRS catches it, you will be owing them in the future. JMO

    Sentiment: Strong Buy

  • Reply to

    One reason ARR may be dropping...

    by tomg86402 Nov 20, 2014 2:16 PM
    tomg86402 tomg86402 Dec 23, 2014 10:41 AM Flag

    AGNC ex 12/29, as stated above you need to buy no later than Friday 12/26 to get this months payout.

  • Reply to

    One reason ARR may be dropping...

    by tomg86402 Nov 20, 2014 2:16 PM
    tomg86402 tomg86402 Dec 23, 2014 8:53 AM Flag

    I agree, I see the Yield going to 15% on ARR as the price per share drops to just above $3 to reflect the 20% dividend cut..

    Today ARR at $3.78 is paying 12.7%. AGNC at $22.41 is paying 11.8%. I just think AGNC will be moving up in share price while ARR will continue to slide to the low $3 range. JMO

  • If investors want an MREIT that pays monthly AGNC is looking like the place to be. ARR, another monthly payer just announced a cut in the divy. I anticipate many of those invested in ARR to be moving into AGNC. Look for a nice run up into this Friday, as it is the last day to own to get the December dividend. JMO

    Sentiment: Strong Buy

  • Reply to

    One reason ARR may be dropping...

    by tomg86402 Nov 20, 2014 2:16 PM
    tomg86402 tomg86402 Dec 23, 2014 12:11 AM Flag

    Now that ARR has cut the divy by 20%, I think those who want a monthly payer will continue to move to agnc. With the ex-date of 12/29, it makes this Friday the last day to buy to get the monthly payout. i look for a continued move from ARR to AGNC. JMO

  • Reply to

    March dividend

    by peon55 Dec 17, 2014 11:03 PM
    tomg86402 tomg86402 Dec 19, 2014 4:44 PM Flag

    Call yahoo and see if they will mail you a check, It's yahoo's mistake.

  • Reply to

    long term seat time

    by belviderebon Dec 15, 2014 12:42 PM
    tomg86402 tomg86402 Dec 16, 2014 11:06 AM Flag

    You say, "My strategy is to keep building up cash until some "bad news" that the media generates and buy. I do have a long position currently but am stock piling cash until a bad event happens."

    I say, good for you. I also hold a position in MORL, but instead of holding cash long term, I fully invest when stock is oversold and lighten up when stock is overbought. I collect the handsome payouts while waiting for the cycle to repeat. As of yesterday, I am fully invested and will hold for the big Jan 9th payday. JMO

    Sentiment: Strong Buy

AGNC
20.665+0.125(+0.61%)2:16 PMEDT