Re: Annaly Capital Management -- or any other 'name' like this....
I'm not the resident stock guru - nor resident stock picker... I really am quite uncomfortable discussing various names like this because you all have different reasons for your investments - different tolerances for risk - different goals - incomes etc.
Here's something also worth repeating:
If you don't know the name -- and don't understand the business the company is in ---- DON'T BUY IT! Because when something goes sideways --- you won't know why you own the name - and won't have any connection with it -- and that's SCARY!
I've been preaching since the beginning of this thread about investing in names you know... and there's no sense in investing outside your comfort level until you own all the "regular good stuff"... why go looking for trouble?
This is Investing 102....
Some of this stuff is for sophisticated investors that understand the risks associated with investments like junk bonds - and mortgage REITS etc. When you start playing with this stuff you better know what you're doing and be on top of the news - and trends etc.
Not saying that I'm sophisticated and you're not --- I'm just once again writing for ALL that read these threads... Please start out investing in all the best of breed - good dividend payers - steady eddies -- and live with that stuff for awhile -- before you start jumping into companies that make nothing... ya don't know what they even do... or what affects their earnings etc.
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