Quote:
Originally Posted by bdahlg68
Will be interesting to see how NLY and the like mange the spread going forward if rates do in fact continue upward.
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Well.... NLY has already cut it's dividend - and the share price is down a pretty good tick from it's highs a couple months ago.
That's why I've reminded folks that these are not the "buy and forget" kind of stocks ---- these are places to put money to work if you're sharp and keep an eye out for what's coming. You've got to be nimble in names like these. They're really not for Investing 102... or for IRA's and that sort of thing.
I've moved in and out of NLY several times in the last year... ditto JNK and HYG.... I purely use them to park money - pick up a dividend and wait for something else to come along.