Tough times in mREIT land, but there could be opportunities.
Not calling the bottom on the prefs, just posting the data.
Careful playing the sector, if you are going to trade, leg in.
Hey everyone, its been a while. Just thought I would post some of the details on agency mREIT preferred stock (or close to agency). Not going to blah, blah blah, there is plenty of that from lots of other folks. Not going to tell you I have a crystal ball, I don't - nobody does.
Yeah, threw a couple others in, figured why not.
Upfront, I recently purchased:
AGNCN (AGNCN), and
IVRprB (IVR.PB)(yeah, you don't pick them all)
I have been purchasing smaller lots, legging into the trades - this allows you to both minimize your price risk as well as diversify.
Stay safe and don't get greedy (I don't care who the hell is fearful, don't be greedy).