tag:blogger.com,1999:blog-2335748440449035592.post8503952989261666005..comments2008-04-01T19:12:34.323-04:00Comments on Fund My Mutual Fund: Hedge Fund Buys into Thornburg Mortgage (TMA)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2335748440449035592.post-5321899869126165762008-04-01T19:12:00.000-04:002008-04-01T19:12:00.000-04:00TMA cost me a bit of money the past year, darn it....TMA cost me a bit of money the past year, darn it. I thought the .47% delinq rate and profits would let them survive the credit market meltdown. Got that one wrong. I did however buy a TMA bond today for my IRA. At $710 for $1000 face value with 8% coupon, that's about 22% return to maturity if it gets paid back. Can't imagine the bond defaulting now after this capital raise and the new ownership...Jonathanhttp://www.blogger.com/profile/03855327265531756482noreply@blogger.com