Ah, I see why the dividend is high, it’s a REIT. I might buy a bit.
I have a couple individual REIT stocks but I’ve been burnt on them before (highly recommend ones like data center), so I also bought the REM ETF and REML (the 2x leveraged version) – that’s treated me well since buying last fall.
Btw, I was moving some money around today. Sold GDX for 4.5% gain and bought APTS on Owen’s rec. had some money sitting there and bought AMC after an 18% slide. I’m up 7% in the time it took to write this post.
The pattern is predictable. If hedge funds pump up a stock, you better get out that day. Sure you can lose a few bucks if it goes up more, but generally the hedge funds cash out quick. Easy money from FOMO retail suckers who never learn.
Playing with highly volatile stocks or crypto is similar to gambling and playing the lottery. You get a rush from thinking about “What if?” and dreaming about getting rich overnight. Problem is, this mindset is not helpful when making decisions. You’ll get in too late, get out too late, take unhealthy risks, like buying on margin, trust questionable advice, be overly confident, don’t do research, well, all the typical mistakes.
Getting rich overnight should never be the goal, it’s not healthy. I am a bit old school and believe in hard work to earn a living, especially if you are young. If you invest later on and are rewarded for it, that is OK. Let your well earned money work for you a bit.
Bottom line is, always take the damn profits, bit by bit, when it goes up. Will always come back crushing down, then, go back in bit by bit, the further down it goes. As long as the company in question is solid and the overall prospects are good, it will go back up.