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(13.10.2022, 01:20)Boy Plunger schrieb: [ -> ]Ist AGNC 19.5% und NLY 23.3% auch High Yield?!

Wer bietet mehr?!

Zitat:Why Investors Should Never Purchase Mortgage REITs


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No surprise then that Annaly has raised equity twice just since May. There will likely be more raises.

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[i]Usually when you see a stock trading at 3x earnings and yielding 21%, you would want management to buy back shares, not dilute themselves further. [/i]

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We only modeled Repos heading to 3.25% (today’s level). Rates will likely continue northward until they hit 4.5% (per dot plots and Fed guidance).
In the example above, $0.56 of income evaporates to $0.15. Not only that, but Annaly should they choose to de-lever via selling bonds, will recognize losses on the portfolio.
And this is the crux of the problem with these vehicles. [i]They constantly are realizing losses, but paying out dividends excluding these losses![/i]
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Zitat:

“GLAD Call: We continue to be well positioned to benefit from the increase in short-term rates, with 93% of our investment portfolio subject to floating rates. And as of June 30, 71% of our debt was at fixed rates. Now that LIBOR has increased above the average LIBOR floor in the portfolio of 1.16%, we expect that for each 75 basis point increase above -- in LIBOR above the level as of 6/30, which was 1.8%, we will increase our quarterly net interest margin by $0.5 million and NII per share by $0.01. We continue -- we will continue to assess the outlook for [b]portfolio growth and net interest income increases to sustain any future increases to the shareholder distributions[/b].”

   

[b]TSLX Call:[/b] “We expect to see meaningful positive asset sensitivity in the back half of the year. The combination of the rising rates in Q2 are [b]now well above our average floor levels on our debt investments[/b] and the shape of the forward LIBOR or SOFR curve support that expectation. The rising rates will drive incremental interest income and outweigh the increases in the cost of our liabilities. To date, this has been [b]largely muted because applicable reference rate resets occurred during -- occurred earlier in the quarter[/b]. Based on the shape of the forward curve and reset dates of our issuers, we project the remainder of this year that rate movement loan will result in approximately $0.13 per share of incremental net investment income purely from the core earnings power of the portfolio relative to what we experienced in Q2.”





[b]ARCC Call:[/b] “Based on our estimates of increasing earnings from higher interest rates coupled with the strength of our investment portfolio, we have increased our regular quarterly dividend to $0.43 per share. The [b]second quarter increases in market rates have yet to fully flow through our earnings[/b]. We estimate our second quarter earnings would have been approximately [b]$0.05 per share higher if the market rate increases during the second quarter would have been in place for the full quarter[/b]. We believe we are well positioned for our earnings to benefit from further increases in short term market interest rates.”



[b]HTGC Call:[/b] “For the third quarter, we're increasing our core yield guidance range to 11.5% to 12%. As a reminder, approximately 95% of our debt portfolio is floating with a floor. So the [b]recent interest rate hike and any additional in 2022 will benefit our core yield going forward[/b]. But the other part of that is also that we're onboarding deals at a slightly higher yield relative to where we were 1 or 2 quarters ago.”

Zitat:

-  GLAD increased its regular monthly dividend by 4% on October 11, 2022

[b]      - GAIN[/b] increased its regular monthly dividend by 7% on October 11, 2022

[b]      - CSWC[/b] increased its regular quarterly dividend by 4% on September 20, 2022

[b]      - BXSL[/b] increased its regular quarterly dividend by over 13% on September 7, 2022

(03.11.2022, 21:17)Boy Plunger schrieb: [ -> ]

Zitat:In der Rezession ist der beste Zeitpunkt sein HY-Depot zu starten. Kann es sein, dass dein zweiter Versuch in HY ist?

Ja. Das ist mein 2. Verusch.
Im Nov. 2019 hatte ich meinen 1. Versuch. 4 Monate später war das Depot platt, im März 2020 zum Tiefpunkt aufgelöst.
Die Strategie war damals: Das Depot mit Puts abgesichert, im Falle eines Crash das Depot auflösen, Gewinne mit Puts in Aktien investieren.
Das ist das typische Verhalten eines Traders

Besser wäre: Depot behalten  und PUT Gewinne reinvestieren.

Zitat:Vor ERII und Wachstumswerten hatte ich dich kürzlich gewarnt. Speziell vor Earnings halte ich diese Long mit Sicherheit nicht.

Sorglosigkeit , kombiniert mit Ahnungslosikeit.
Ich habe nicht mal gewusst, dass ERII gestern Q-Zahlen veröffentlicht hat. 
Nach Minus 25 % , habe ich nach dem Grund gesucht.

Zitat:Die meisten Trader die mit den Märkten nicht klar kommen, wechseln in den Buy+Hold Modus.

B&H-Stategie ist für mich eine zusätzliche Strategie zu meiner Trade-Strategie.
Dafür habe ich  2 Depots eröffnet, weil ich auch glaube, dass jetzt guter Zeitpunkt gekommen ist.
HY-Depot und EURO-DEPOT 
HY-Depot besteht aus US-Werten und EURO-Depot  besteht aus Aktien, die in EURO ( in Dt.) gehandelt sind.

Zitat:Ob der unbedingt weniger riskant ist, ist eine andere Frage und zeigt sich erst in 10 Jahren+

Ich hoffe, dass die beiden Depots in 10 Jahren+ positiv entwickeln werden.

(04.11.2022, 00:35)Boy Plunger schrieb: [ -> ]Ich glaube ex-Ahab fährt schon länger eine ähnliche HY-Strategie. Vielleicht kannst du dich mit ihm mal austauschen.

Wie hoch ist deine erwartete jährliche Rendite?

Wünsche dir auf alle Fälle viel Erfolg!

Zitat:Wie hoch ist deine erwartete jährliche Rendite?

(03.11.2022, 17:53)qqqq4 schrieb: [ -> ]Deshalb heute 1. Position Xtrackers S&P 500 2x Lev.Daily S.UE 1C 
@ 106.64 für Euro-Depot.