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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (58576)	11/29/2016 7:01:52 PM
From: E_K_S	Read Replies (1) \| Respond to of 78744

Good find. The times were different in 2011. Just two years off the Great Recession w/ the debt market liquidity freeze and all those troubled banks. There were many more other value Buys not in the lending business that were on my radar screen. However, we did have QE and I guess if I knew it would last for another 5 years then AGM seems like a good risk/reward (when the Fed keeps low interest rates). Good job on buying into that sector especially during those early recovery days. I believe I was even more conservative at that time buying utility companies and starting to nibble at pipeline companies. In hindsight, the utility companies were a pretty safe bet. The other thing you bring up is it is easy to have blinders on and stay with the old things that worked in the past and were selling at multi year lows. There were other companies like AGM (in different sectors) that were also selling at multi year lows which turned out good for the next 5 years. FWIW, I am holding the most cash now since 2010 but having a hard time finding the bargains that were available then. I did get most of that money invested by 2012 and who would have thought that by year end 2016 we would be at all time highs. EKS