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/biz/ - Business & Finance

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18625659 No.18625659 [Reply] [Original]

bought 555 dollars worth and with div/yield theyre paying me over 800 dollars a year to hold the stock

kek

>> No.18625684

>>18625659
Yeah this actually made me decent money when it pumped from a dollar to 2.80. I haven't bought the correction yet though. REITS are an amazing play if you can call the bottom.

>> No.18625824

>>18625684
when you think bottom will be fren?

>> No.18625866

>>18625824
I'm aiming for a dollar again, but i've noticed when this actually runs say 10-15% it will continue to run for another 30-40%. I actually got really lucky with an announcement that was very bullish by nymt about how they haven't defaulted on anything when i bought at 1.43 and sold around 2.50 ish when it dropped from 2.80. But i'm not overall very bullish on mortgages if this situation keeps looming. Sub dollar pickup would be a steal.

>> No.18625922

>>18625824
This one in particular is mortgage backed securities for residential. Ladder capital is for big businesses. Both move tightly together. Look for one leading and the other will follow if it hasn't. That's my advice.

>> No.18626243

>>18625659
Why do you brain dead shills force the word “Kek” what is wrong with you kikes

>> No.18626307

>>18626243
kek has been around since starcraft you newfag cuck

>> No.18626324
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18626324

>>18625866
damn double dubs...you speak truth, thnx fren

>> No.18626399

>>18626324
Peace be with you brother.

>> No.18626420

>>18626399
peace be with you as well
i should have discovered reits a long time ago

>> No.18626445

there is no way NYMT and MFA etc are paying dividends right now. the last one NYMT paid was december, at their usual 20 cents per quarter on an average stock price around 6 bucks. I should know, I used to own a lot of NYMT. I did make a few hundred bucks selling it after buying it in the 1 dollar range. still would be a good hold as EVENTUALLY it would get back to where it's valued but fuck knows how long that'll be, and there's better long term plays anyway.

as always, GOOD is the REIT you should be in, along with O.

>> No.18626459

>>18626420
Nah, you would have lost a lot if you didn't sell before feb, fate has lead you to get in them at the right time. Just buy the bottom.

>> No.18627692
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18627692

>>18625659
I like it. Thanks op!