Greg,
I recently was having a text conversation with a buddy of mine and we were briefly talking about investing. What sparked the conversation was in 2008 when we were in Iraq he had showed me some stocks he held at that time. He was only 18 and light years ahead of me when it came to investing apparently. I remembered he had AAPL shares and was showing me they had gone up and of course I told him to sell and he said I was crazy. I guess he was right! Regardless of that I asked him if he still held shares in anything and he said NLY. I looked at the chart and it has been on a steady decline for a while now. I said ouch and then he said "Its a yield play. Dividend is stong, share depreciation is a good entry. Its positive when it goes down."
Can somebody explain this to me?
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