Quote:
Originally Posted by toy71camaro
yeah.. i hear ya.. I really shouldn't of bought it to begin with. As i didn't fully understand the whole mREIT thing, and that's why I bailed before I lost money.
i let the talking heads get to me on something i didn't understand. but at least i didn't let it get me at a point i was out money. heh.
I instead bought something i felt more comfortable with while it was on sale; MCD.
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Nothing wrong with that Albert! Nothing at all.
My take on the NLY's of the world.... They're better left for people like me that do this stuff on a daily basis. I don't know more than you - but I'm on top of it more - as in - 20 hours a day....
Having said that.... when I see stuff like this going down - I have to look for the reasons WHY... and then I try to look out a little longer and see what material affect I think that might have. Right now -- the market is in a spooky place.... The tax issue - europe - the economy. So what I am TRYING to do is to say -- where are we going to be 4 years from now? Will we solve the tax issue - yeah probably.... will europe still be a mess? Sadly I think it probably will be - too many democrats and socialists to fix it..... our economy? I think we're swinging back to looking at more investment here in America - less in China - more American jobs... not building toasters but energy - auto - roads - bridges. I think we'll put some of the dough that we're spending on Iraq and Afghanistan into our own infrastructure maybe. At least I hope that's where we're headed. I see interest rates holding steady (because the government that controls them - doesn't want to pay more for the USA to borrow!).
What I WON'T do -- is to take any long term illiquid positions.... i.e., unless I can STEAL an apartment building - I'm not buying.... I'm not renewing any bond buying. I'll stay sharp - stay loose - and keep my head on a swivel. I won't be afraid to invest - I'll just make sure that those investments can be liquidated in a flash if we get some big ass unforeseen melt down somewhere.