[quote pid='28164' dateline='1629398806']
So there seems to be a consensus here that NLY is a trap. Surely, not at any price, right? If they went to 0.50, they'd be a bargain, no? So, how much would they have to fall to be attractive?
P.S. I get what many of you are saying about the long-term chart. Still, if you got in at $6.50 and have been collecting the dividend, you're probably not sorry about it.
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Yes there is a point when you can likely trade it, but you have to hang around too long to collect the dividend in a meaningful way. If NLY hit's $6.50 the market is roughed up and quality is also on sale so I buy that instead and it often works for a year or two. We aren't bashing the ultra high yielders just to be mean. They pay the crazy above reality yield because it's the only way to attract investors. It's cheese in a mouse trap. Most all of us have fallen for it to some degree. It will never stop working because it looks like free money and they have a steady stream of new victims.
Next time they crash buy whatever you want and get your experience like we did. I wouldn't put my mother into it. And we all have different opinions. I think SDIV is crap and I will be amazed if they still own it 60 days from now if they do any research.
(08-17-2021, 09:55 PM)stockguru Wrote:(08-17-2021, 08:45 PM)divmenow Wrote: Hi NLY and AGNC are crap lol. I wouldn’t even put them in the same category
I don’t see why there is so much love with NLY. This has had a decent year but past performance says stay far far away lol. SDIV and NUSI I own as well. DX another good one!
So there seems to be a consensus here that NLY is a trap. Surely, not at any price, right? If they went to 0.50, they'd be a bargain, no? So, how much would they have to fall to be attractive?
P.S. I get what many of you are saying about the long-term chart. Still, if you got in at $6.50 and have been collecting the dividend, you're probably not sorry about it.
[/quote]
Yes there is a point when you can likely trade it, but you have to hang around too long to collect the dividend in a meaningful way. If NLY hit's $6.50 the market is roughed up and quality is also on sale so I buy that instead and it often works for a year or two. We aren't bashing the ultra high yielders just to be mean. They pay the crazy above reality yield because it's the only way to attract investors. It's cheese in a mouse trap. Most all of us have fallen for it to some degree. It will never stop working because it looks like free money and they have a steady stream of new victims.
Next time they crash buy whatever you want and get your experience like we did. I wouldn't put my mother into it. And we all have different opinions. I think SDIV is crap and I will be amazed if they still own it 60 days from now if they do any research.