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American Capital Agency Corp. Message Board

tomg86402 18 posts  |  Last Activity: Dec 26, 2014 10:47 PM Member since: Mar 22, 2007
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  • 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

  • I keep hearing that the fed will raise rates because the unemployment rate is falling. I call BS on the numbers.

    You me and George. You are working and George and I are looking for work. The unemployment rate is 66%. I have been looking for work for over a year and finally give up looking. Now the unemployment rate is 50%, how great is that? The unemployment rate means nothing without looking at the job participation rate which is now at a 36 year low with over 92 million not in the labor force. As more people give up looking for work, the unemployment numbers may look better, but ask those 92 million how they feel about the reported improving numbers. The Fed will not be raising rates anytime soon, the economy still stinks. Gas savings will be used to pay higher Democrat-care health insurance premiums and any fed rate will cost the Government and extra $150 billion in interest payments for every 1% rise in rates. We will continue to see low rates for a long time. JMO

    Sentiment: Buy

  • Reply to

    long term seat time

    by belviderebon Dec 15, 2014 12:42 PM
    tomg86402 tomg86402 Dec 15, 2014 1:20 PM Flag

    I like it. Just take enough in withdrawals each year to pay the tax if it is not a tax differed account. Reinvest the rest each Q and if all goes well you will be rich. JMO

    Sentiment: Strong Buy

  • 1. For every $1 Congress spends they need to borrow over $0.40
    2. The interest being paid this year is around $260 billion on our $18 trillion debt.
    3. Every 1% rise in interest rates will cost the Government about $145 billion a year in extra interest payments added to the already $480 billion annual deficit.

    The fed will get crushed by the Washington politicians if they do anything more than jawbone or do a token tiny rate increase. We will see low rates for an extended period, much like Japan has had for 20 years. JMO

    Sentiment: Strong Buy

  • Dividend announcement on 11/21/14 states the following,

    "It is anticipated but not certain that approximately 100% of the Fund's distribution will be treated as a return of capital. The final determination of such amounts will be made and reported to shareholders in early 2015, after the end of the calendar year when the Fund determines its earnings and profits for the year. The final tax status of the distributions may differ substantially from this preliminary information. "

  • When AGNC announced on September 30th that they would begin paying monthly, I sold some others and bought AGNC. Anyone else moving money into AGNC just because they are now paying monthly? Thanks in advance for your reply...

    Sentiment: Buy

  • After agnc announced on September 30th that it would start paying monthly the stock price has moved from around $21.25 to over $23 today. At today's $23 price and a $0.22 monthly payout, return is around 11.5% per year. I do think investment money is moving from ARR to AGNC. The return is a bit less from AGNC, but I think it is perceived to be a bit safer than ARR. I want a monthly payer and when AGNC went monthly, I moved out of ARR into AGNC. JMO

  • Reply to

    Little time to react

    by tomg86402 Oct 7, 2014 10:36 AM
    tomg86402 tomg86402 Oct 7, 2014 1:49 PM Flag

    The recent sell off over the last couple of weeks from around$ 22.50 to $20 took morl way into oversold territory. I think we go up from here. Those thinking they will buy at a better price tomorrow will be disappointed. If we close today at the currant price of $20.94 and open tomorrow at $19.94, doubtful we will see any sell off from that level. MORL is paying around $4.60 distribution per year. At a $19.94 price open tomorrow annual yield would be around 23% JMO

    Sentiment: Strong Buy

  • tomg86402 by tomg86402 Oct 7, 2014 10:36 AM Flag

    MORL announced today 10/7 at 10am with an X-date of 10/8 means today is last day to buy to get the $0.99 distribution for this month. Management allows no time for a run up in price. Shame on them. JMO

    Sentiment: Strong Buy

  • tomg86402 by tomg86402 Oct 1, 2014 3:01 PM Flag

    We have seen the reits take a hit in recent days. I think a lot of people still believe the fed will be raising interest rates sooner rather than later. The economic news today may indicate any rate changes will be later rather than sooner. Keep in mind that for every 1% rise in rates the interest paid on the US debt will increase by about $150 billion. So, if you consider 4% to be norm, that would reflect $600 billion added to the US annual cost of borrowing. Who in Washington wants wants to cut spending to pay for the $600 billion in added interest payments.

    In my opinion we should all get use to these low interest rates for a extended period of time. Perhaps 3 to 5 years from now we could see some meaningful movement in rates. I will stay invested in MORL and get paid while they jawbone about rates increasing. JMO

    Sentiment: Strong Buy

  • Reply to

    Oct Divy Payment

    by iraisadoodoohead Oct 1, 2014 1:51 PM
    tomg86402 tomg86402 Oct 1, 2014 2:40 PM Flag

    Correct, investors will get the $0.65 and then every month starting with November will have a payday.

AGNC
22.30+0.16(+0.72%)Dec 26 4:00 PMEST

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