ARMOUR Residential REIT Inc (ARR)

[bar1080]

Yep, REITs own real estate, while mREITs are basically leveraged mortgage funds. Very different animals despite the similarity in the names. mREITs borrow short term to buy longer term mortgages. Huge variation among both categories.

Most basic rule with mREITs is higher yields usually come with higher risks. Another basic rule: mREITs are complex and and hard to understand. And yes, SOME mREITS HAVE FAILED OVER THE YEARS.

You can be a very successful investor without ever owning one. I've never owned one. I'm a lawyer and a pretty successful investor.

---
I've never owned a regular REIT either. They buy equity in real estate. Here's one that seems decent. But there are many flavors with most specializing in specific types of real estate, say shopping centers, apartments or hospitals.

Realty Income Corp is one that's been around for awhile. As always, more yield usually means more risk. Assume that anything paying more than 5 or 6% is pretty darn risky.
http://investorshub.advfn.com/Realty-Income-Corp-O-23664/