Bought NRZ because it's close to the 200-day MA and above. When it's close to the MA, I think that means the trend is reliable.
Did not buy DFS because it's way over the MA. I think it will come down pretty hard soon, because that's what it has done earlier on the graph.
Did not by O or MORL because they're playing around on the MA line. The REIT indicator REM is doing that, too.
Apparently NRZ does not buy real estate directly, ever. Maybe that explains how it is able to buck the uncomfortable trend indicated by REM and followed by O and MORL.
Bought hella PCG because it's way way down due to wildfire lawsuit fear. They suspended dividends. I think it is undervalued. Even if there's a wildfire lawsuit, PCG is going to get back up to its usual growth trend because the on-grid population keeps growing in the PCG service areas. And they said they will reinstate dividends after the lawsuit problems go away.
Bought hella FCPGX because I didn't know what else to do with the rest of the money, yet. FCPGX is like VSGAX, except the expense is higher. Ah, well. I hope I make a lot on PCG to make up for that.
Did not buy TQQQ even though the graph looks good, because Fidelity warns me when I try to buy TQQQ. It says I should be an experienced, sophisticated investor. That is scary because I am anything but.
Did not buy DFS because it's way over the MA. I think it will come down pretty hard soon, because that's what it has done earlier on the graph.
Did not by O or MORL because they're playing around on the MA line. The REIT indicator REM is doing that, too.
Yes, I know that NRZ is also a REIT, but it is a queer fish. It makes most of its money from fees associated with the buying and selling of real estate loans between banks. Got that info from my dad, but here it is again from the NRZ Profile blurb on Yahoo Finance:
New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also invests in non-agency and agency residential mortgage backed securities; and residential mortgage loans comprising loans held-for-investment, loans held-for-sale, and real estate owned loans. In addition, the company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in New York, New York.
Apparently NRZ does not buy real estate directly, ever. Maybe that explains how it is able to buck the uncomfortable trend indicated by REM and followed by O and MORL.
Bought hella PCG because it's way way down due to wildfire lawsuit fear. They suspended dividends. I think it is undervalued. Even if there's a wildfire lawsuit, PCG is going to get back up to its usual growth trend because the on-grid population keeps growing in the PCG service areas. And they said they will reinstate dividends after the lawsuit problems go away.
Bought hella FCPGX because I didn't know what else to do with the rest of the money, yet. FCPGX is like VSGAX, except the expense is higher. Ah, well. I hope I make a lot on PCG to make up for that.
Did not buy TQQQ even though the graph looks good, because Fidelity warns me when I try to buy TQQQ. It says I should be an experienced, sophisticated investor. That is scary because I am anything but.
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