I am a pretty new investor. 4 months ago I became charmed by AGNC's high dividend and actually considered it a safe investment. Admittedly, I had not done enough research on this stock and I am just getting my start in the world of investing. I purchased $8k worth of shares back when it was almost $17 a share.
As of today, the stock has gone down $1,700.
I actually don't need the funds I invested into AGNC for anything anytime soon. So my question to r/stocks is:
- Since I don't need this money on hand for anything anytime soon, should I just hold and is it reasonable for this stock to go up in price back to $17 so I can break even?
or
2) Is AGNC a super bleak stock, is it likely to go even lower than $12, do I just need to eat my $1,700 loss and get out before things get even worse?
Thanks.
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