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  • Generate 8% Yield On These Blue Chip Names [View article]
    BuyandHold - thanks for the comment. I understand your concerns. I really think that with some simple education the most conservative investors can leverage options in their portfolio. My guess is that your friend lost a lot of money from selling naked options (either puts or calls). My guess is that they got enamored with the idea of collecting premium for "free" from selling out of the money calls and puts. These guys probably said these options will never exercise.... and they did.

    Selling naked is an easy way to get stream rolled. The industry term is picking up nickels in front of a stream roller. You have to find the right strategy for you. The covered call strategy is pretty conservative. Investors can lose on "opportunity cost" from the stock going much higher while you capped the upside.

    Best of Luck. I suggest you really questioning your friend on their strategy and picking up a book to educate yourself because everyone can benefit.
    Apr 15, 2012. 09:56 AM | 4 Likes Like |Link to Comment
  • Was 2011 The End Of The Gold Rush? [View article]
    Agree with the sentiments. We have been here before.
    Jan 5, 2012. 08:40 AM | 4 Likes Like |Link to Comment
  • Two Harbors: Do Not Avoid This REIT [View article]
    Smurf - Jim Grant has been quoted as saying there are no bad bonds; just bad prices. Investors who have picked through the wreckage and acquired subprime bonds at significant discounts have earned strong returns.
    Jun 6, 2013. 06:44 PM | 3 Likes Like |Link to Comment
  • Avoiding Annaly Capital [View article]
    Thanks for all the comments. I appreciate the debate. A healthy and productive debate is what makes a market. I have owned NLY, AGNC, and MFA (non agency). I moved to the sidelines as to what I believe to be risks to the dividend and potential funding issues with a banking crisis. While I think NLY and MFA are the best of the lot, I rather move to the sidelines with my capital. Thanks again for the comments. If NLY falls below book value (~0.8x) I would look to buy back in.
    Dec 22, 2011. 08:56 PM | 3 Likes Like |Link to Comment
  • Diversify Your Mortgage REIT Portfolio With MFA Financial [View article]
    Good article. I like MFA. Investors interested in hybrid reits should look at TWO -
    Jun 17, 2013. 09:19 AM | 2 Likes Like |Link to Comment
  • What Makes MFA A Compelling Investment [View article]
    I like NLY, AGNC, MFA, and TWO. All these REITs have different strategies so listening to all the conference calls and reading the Ks and Qs is important. In terms of NLY and MFA the tenure of the mgmt team (internally managed) are comforting. For AGNC and TWO - I like the specific strategies. thanks.
    Jun 1, 2012. 07:00 PM | 2 Likes Like |Link to Comment
  • High Yielding Investments For Your Retirement [View article]
    Investors looking for yld should contemplate hybrid mortgage reits.
    May 29, 2012. 06:00 PM | 2 Likes Like |Link to Comment
  • Herbalife Survives, But Concerns Linger - An Opportunity With Put Options [View article]
    Did folks actually read or listen to the transcript? He simply asked a few clarifying questions. People do not seem like they completed any diligence before jumping in on the shortside. Einhorn presented 130 pages of slides with short and long positions from France to appl. I would guess he doesn't have a firm view long or short. Asking questions is doing diligence. Think others could benefit from the tactic.
    May 17, 2012. 08:42 AM | 2 Likes Like |Link to Comment
  • Annaly: Monster Dividend In Danger Of An Imminent Cut [View article]
    I disagree with the statements here. The yld curve is still attractive. These reits will do well until there is a sustained recovery.
    Apr 12, 2012. 09:13 AM | 2 Likes Like |Link to Comment
  • Mortgage REITs: A Tactical Approach To Investing [View article]
    NLY and MFA have operated for almost 2 decades and management has shown an ability to manage through cycles.
    Apr 10, 2012. 03:12 PM | 2 Likes Like |Link to Comment
  • Annaly: Do You Believe In Magic? [View article]
    I hold a diversified pool of REITs. Annaly management has proven an ability to manage multiple interest rate cycles. Magic doesnt last 14 years.
    Apr 9, 2012. 09:08 AM | 2 Likes Like |Link to Comment
  • Buying Mortgage REITs On The Pullback [View article]
    Not necessarily a particular reason any specific names have been left off. But when I look at these M REITs I am looking for management teams that have operated successfully over a number of years. In addition, I prefer internally managed (e.g. MFA). Reviewing the specific strategy (AGNC / TWO - low balance strategy) is also important. Most of these trade around book so the managers and strategy are the most important factor.
    Apr 8, 2012. 06:44 PM | 2 Likes Like |Link to Comment
  • Annaly Offers A Compelling 14.3% Dividend Yield [View article]
    I think investors need to be concerned about prepayments here. I am sitting on the sidelines for the next few months.
    Jan 9, 2012. 04:55 PM | 2 Likes Like |Link to Comment
  • The Dark Clouds Looming Over Annaly Capital Management [View article]
    I have a bearish tilt short term due to prepay risk (Gunndlachs view)

    You seem to not like REITs generally.
    Dec 30, 2011. 08:05 AM | 2 Likes Like |Link to Comment
  • Annaly Capital: As Prepayments Accelerate, Further Diversification May Be Needed [View article]
    Agency M Reit investors should diversify into non agency/ hybrid reits. I like TWO, MFA, and EFC.
    Sep 6, 2013. 07:58 PM | 1 Like Like |Link to Comment