Replies to post #336 on Alpine Total Dynamic Dividend CEF (AOD)

[pinkpoop]

dking1964, that one looks like a too good to be true dividend pay out? Certainly if the divy remains the same it would be a good buy right now? The housing market has a long way to full recovery IMHO.

One has to be carefull with unrealistic dividend pay outs? The short term chart looks good but the 5 year looks like a falling rock? If you have money to spare might be a good investment. GLTY

[LORTAP KCOTS]

CIM just made a huge move up, you cold of bought it around 2.50/share two months ago.
Today it looks expensive verses the risk, it and the other stocks like IVR, NLY, AGNC, they are seemingly in a great place for the moment. They will however continue to shrink the dividend because the refinancing of homes and the interest rate spread they have been generating the income off of is shrinking everyday now. I would say you could be ok for 6 months but after that it's gonna be a bad idea to stay in these type of stocks..
I personally own IVR and NLY, have been collecting the 15-20% dividends for 3 quarters, I will be selling them in this next quarter for a profit... They won't be able to sustain this dividend past the fall.
imho.
AOD comparatively makes these stocks seem safe as investments... LOL