Repost from another stock but it certainly applies to WMC and most mREITs:
"OTOH, I see tons of mindless yield chasing especially by retirees. One woman -- whose husband had just died -- put her entire portfolio in mREITs, BDCs and oil MLPs yielding double digits. That was around 2012. If it paid 18%, she owned it!!! I figure she's lost >60% of her principal... in a generally rising stock market."
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