Replies to post #102 on Western Asset Mortgage Capital Corp. (WMC)

[bar1080]

"Can't leave out my comic collection either which is worth about $100k" How's the market for them?

I'm not a fan ultra-diversification. There's one active poster on Seeking Alpha who has 200 stocks which I and most others think is crazy. Besides, we've repeatedly seen how stocks, even international stocks, move in lockstep.

I only own about 14 individual stocks. But I own a few mutual funds and ETFs. When I advised people to buy index funds 30 years ago they thought I was nuts.... "Guaranteed Mediocrity" was the usual argument against them.

But they've beaten my mutual funds and just about everything else year after year. Most investors will buy/sell individual stocks at the worst possible times but they'll often hold onto index funds.

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I've researched mREITs, like WMC, back 60 years. They're a fabulous moneymaker... for management!