$Orchid Island Capital Inc (ORC.US)$ do we jump ship?
$Orchid Island Capital Inc(ORC.US$ do we jump ship?
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mcstiner : depending on your buy in price, this pays for itself in dividends at around 6 years... in my opinion, this is one to hold for a decade or more. I'm increasing my position. My goal is to get to around 100k, which would give me around 1300/month in dividend income. Therefore, I've been increasing.
in the shorter term, I do believe the thesis that rate hikes are going to cause problems for REIT and the real estate market broadly. As a short term buy in an irrational market, maybe... depends where you would put your funds instead.
so the answer really has to do with your investment timelines...
Ah Boo : I hop it with more share. Just hope the dividend still the same, they r still listed in US. They cut their dividend from 0.065 to 0.055. Hope they don cut anymore
Ah Boo : Oh no, they cut again from 0.055 to 0.045
Ah Boo mcstiner: Now yr 100k, don give u 1300 Liao
mcstiner Ah Boo: I don't have 100k yet, im buying the dips to hope to get there over the next few years.
if you know of a better monthly dividend yield for the pricepoint, I'm open to it... I haven't found one.
Ah Boo mcstiner: U can buy OPP, ARR,AGNC, all around 9-10%, if u r not outside US
Ah Boo : Don put yr money in one basket,
mcstiner Ah Boo: agree.
right now almost all my baskets are under water though.
Ah Boo mcstiner: Haha, me too except GSK,QYLD