Here is an idea for stocks which you can follow if you wish.
This tip is for a couple of stocks that I have been buying which the Dividend seems almost too good to be true but the price of the stocks seems pretty low so it’s worth a shot.
Stocks are Analy Capital Management(Ticker NLY) and Cherry Hill Mortgage Investment Corporation(Ticker CHMI).
These stocks are mortgage investment companies, they trade with Freddie Mac and other such type government backed mortgage securities and both have been around for quite a long time so I don’t see any big risk with these companies going out of business.
The interesting thing with these companies is that they are paying 16-17% on their dividends.
Now they may reduce the amount of the dividend and if they do the price is certainly to fall but even if the dividend is reduced a bit I think its worth some risk to own these stocks.
Please note my position is pretty small in these stocks and I would recommend a small position to anyone considering to buy.
I did hear the famous bond investor Bill Gross on the radio today saying that he has invested in Analy Capital so I do think the investment is on solid ground if Bill has invested.
Stay tuned for more investment ideas.