Using Market Signals to Get an Overbought ETF at a Better Price
In fact, according to the folks at BlackRock, iShares FTSE NAREIT Mortgage REIT (REM) has a 30-day SEC yield north of 12.5%!
Of course, it is hardly immune to worldwide financial shocks. Back in 2008, iShares FTSE NAREIT Mortgage REIT lost nearly 1/2 of its worth.
Many would argue, however, that Europe's crisis does not involve subprime/Alt-A mortgage-backed securities and that toxic sovereign debt is a different creature entirely.That may be true. Yet, I'd still tell most investors to wait for REM to pull back to its 50-day. And after making a purchase, be sure that you
Gary Gordon reads: Real Clear Markets
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Hard Assets Investor
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