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Yeah, a few decent tips in there. Not sure I could bring myself to invest in something called Chimera Preferreds tho - might turn out to be too much like its namesake: "a horrible or unreal creature of the imagination; a vain or idle fancy."
@AndyJ: I happen to own both CIM & CIM-A with the following performance records. Your right a real horror story, not ! CIM: YTD 16.57% 1-Yr. 25.95% 3-Yr. 16.67% 5-Yr. 22.42% +10% Yield
Just curious, Ted, how you look at CIM. Fixed-income? What would be your trigger to sell? Looking at trading volume, currently at 1.5 million shares, and only 150,000 in 2008 when the bottom fell out of the mortgage market. Looks like it would have been darned difficult to unload it and not suffer through the 77% loss. The share price of $74.50 in December 2007 vs. $18.75 today. Ouch! You obviously have done well, but hope you have an exit strategy...just in case. Regards.
@BobC: I bought CIM in June of 2015 @$14.55 per share, and CIM-A in November of 2016 at $24.56. I have a SLO in for CIM at @15.00, and have no worries with CIM-A will wait for 2021 call Regards, Ted
Comments
Nice click-baity headline, Barrons!
Some of the ideas and comments seemed decent on BDCs and bonds, though.
CIM: YTD 16.57%
1-Yr. 25.95%
3-Yr. 16.67%
5-Yr. 22.42% +10% Yield
CIM-A: YTD 2.88% +8% yield
Regards,
Ted
Regards,
Ted