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Lee1935

Lee1935
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  • Armour Residential: How It Manages To Pay A 16% Yield And The Risks Of Investing In It [View article]
    Great article, one that I've been looking to read! I'm long on ARR, NCT and NRF. NCT is up greater than 20% YTD for me, but I would like to see a similar article on NCT.
    Sep 24 09:47 AM | Likes Like |Link to Comment
  • The mortgage REIT sector is lit up green following Western Asset Mortgage's (WMC +7.3%) big dividend increase last night and the upping of its book value by 12% since June 30. That jump in book value could have investors wondering what other mREITs might be harboring such good news. [View news story]
    I've been in and out of the market over the last 55 years but mostly out for the last 44 as I was dealing entirely with corporate stock but I got tired of cash on hand in bank accounts at zero returns. So I have been back in the market since March, entirely different and new. I have a spread of ARR, NCT and NRF which is <10% of our retirement portfolio. So far NCT is up 21.4%, ARR is up 2.9% and NRF is up 14.0%. I haven’t taken any caps and reinvested dividends but if I sold out today my ROI (do they still use this?) would be 11.72%. I am nervous about the mREITs but love the return so far. I monitor daily, have stop orders in, etc. I sleep well but am I doing things right?
    Sep 21 05:27 PM | Likes Like |Link to Comment
  • Newcastle Investment (NCT -4.5%) dives following a secondary offering of 20M shares (now upsized to 22M). Not a traditional mortgage REIT (i.e., not so exposed to the yield curve), Newcastle is more in the mortgage servicing business and presumably will use the raised funds to purchase additional rights. (PR)  [View news story]
    NLY and AGNC are higher priced, at around $7/share you get more shares and more bang for your buck with NCT or ARR
    Jul 26 06:12 PM | 1 Like Like |Link to Comment
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