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InvestorPlace’s 10 Best Stocks of 2013: Mid-Year Standings

It's a tight race, including two ties in the top five

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#5 (tie): Two Harbors

Q2 Return: -18%
YTD Return:
Steve Freehill

Matching Femsa’s meager gains is Two Harbors (TWO) — another one-time leader. In fact, the mortgage REIT — chosen by InvestorPlace reader Steve Freehill — was actually doubling the second-place contender early on in the contest.

As was the case with FMX, though, Q2 was anything but kind to TWO.

And in this instance, Ben Bernanke is to blame.

See, Freehill chose Two Harbors for what he said was one big reason: its eye-popping yield. The stock’s dividend currently makes for a 12% yield — and it wasn’t anything to sneeze at before the selloff, either.

With rising rates and increased fear of tapering, though, investors have been fleeing mREITs and other income-yielding investments in droves. TWO is just one of many causalities.

Article printed from InvestorPlace Media,

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