Replies to post #2088 on ARMOUR Residential REIT Inc (ARR)

[bar1080]

I'm a believer in cheap investing.... One of the few things an investor can control with certainty. That's why I've used Vanguard for 30+ years for many investments.

When I started investing most load mutual funds charged 8.5% to buy shares. Brokers charged about 2% to buy, and 2% to sell individual stocks. That's a major reason there was little trading 40 years ago (although I think current rapid trading levels don't help investors).

All those real estate fund fees bother me. They charge for real estate acquisition, real estate disposition, various management fees. Like I said that one partnership had seven different ways for insiders to make money... whether or not investors made money. Getting out, as you mention, isn't easy. Heck, even paying taxes can be a chore. My CPA hates K1's.

My law background is mostly real estate. I have plenty of experience there.

Interest rates soaring today, BTW and ARR falling.

[bar1080]

Was just reading your impressive posts on QASP. I've often used the same expression, "Bashers are Always Right." Funny how that often applies to listed stocks such as ARR.

I've quoted Burton Malkiel on my AOD board. No one knows who I'm talking about LOL.

Some of his work does seem to break down when it comes to Closed End Funds and perhaps even things like ARR.