Replies to post #337 on Rithm Capital Corp (RITM)

[leftovers]

There is a simply solution here!

You could be seriously wounded, maybe even ruined if the unthinkable occurred with NRZ.

Buy some long term out of the money put contracts for the just in case scenario! 100 dollar put can be a great insurance policy. Whenever I place over 10K into a dividend stock I try and hedge for safety.

or a trailing stop!

.10 cent for January 5 dollar puts.....

[Thedeadman]

By no means have you offended me, I appreciate the candid honesty. I see your point and agree with it in principal. I am in early 40's and have a pretty high risk tolerance. I would just be reinvesting the dividends I would not need the income for 10 years which I hope to retire early 50's. Generating 80-100k in dividends from Nrz, nly, and codi. I also own some Blackstone. The stocks I am getting out of were square, facebook, and a few other high flying tech stocks at 52 week highs, I am getting nervous up here. I also am selling my bitcoin I bought at 1800, I made my share and want to sleep better at night.