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Started By
Message
re: Need New Stocks to Watch
Posted on 11/19/13 at 2:16 pm to Ace Midnight
Posted on 11/19/13 at 2:16 pm to Ace Midnight
quote:
AGNC
I have been in this and MTGE for a few months. It has been a rough ride so far but I have been reinvesting dividends.
Another rough ride has been gold miner NEM and silver stock SLW.
Im not looking for much our of these stocks near term, but I dont think they are bad plays for long term investments.
Posted on 11/20/13 at 7:44 am to LSUTOM07
quote:
It has been a rough ride so far but I have been reinvesting dividends.
AGNC has gone the opposite way of the market at large - if it stays low, you'll double your position in 6 years, just reinvesting dividends (assuming they can keep paying it.)
If I were more liquid, I might dive in now - just as a hedge (I mean, I hate buying at/near 52-week highs - that doesn't guarantee losses, but it sure makes for rough weeks/months when they come off - I recently had that with KO).
ETA: I actually took some profits today, out of a penny stock, and bought some AGNC. If that dividend just holds a couple of years longer, it is a good buy, even flat. And it was above $33 as recently as April, I got it for under $21.
This post was edited on 11/20/13 at 9:51 am
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