06-12-2014, 08:58 PM
I've had NLY in my portfolio for a long time, at an average price of somewhere just above $16 per share, I think. With the big dividends, I think the income I've gotten from it has more or less offset my (paper) losses on the share price. The income is hard to beat, though. At today's prices, I'd like to think that there is a lot less downside danger, but these are hard securities to analyze. So long as you keep the positions relatively small and understand that you may be in for a bumpy ride -- both with respect to the share price and the income stream -- it is certainly can provide a nice boost to your income stream.