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10 Best High Yield Dividend Stocks to Buy According to Billionaire Jim Simons
James Harris Simons, popularly known as Jim Simons, is one of the most iconic figures in hedge fund history. He started his career as a mathematician before diving into finance in the late 1970s. He founded New York-based Renaissance Technologies in 1982, a hedge fund that uses quantitative analysis to pick out trading opportunities in the financial markets.
Billionaire Jim Simons’ Hedge Fund’s Performance
Renaissance Technologies relies on quantitative techniques that are based on statistical and mathematical models to achieve systematic trading. It is currently one of the most successful hedge funds. To put its success to perspective, its founder, Jim Simons’ wealth is estimated to be around $23.5 billion, making him one of the top 30 richest people in the U.S.
5 Best High Yield Dividend Stocks to Buy According to Billionaire Jim Simons
Dividend Yield: 14.47%
Orchid Island primarily focuses on mortgage-backed securities (RMBS) with a strategy oriented towards structured agency RMBS and traditional pass-through Agency RMBS. Of the 800 funds tracked by Insider Monkey, 10 reported having stakes in the company at the end of 2020, including D E Shaw, which owns 1.15 million Orchid shares.
Orchid Island Capital announced a $0.065 per share monthly dividend for April 2021, which aligns with the company’s previously announced dividend. This puts Orchid in the list of the best high yield dividend stocks.
It has an estimated $0.34 per share GAAP net loss for the March 31 quarter. Its unrealized and net realized loss on derivative instruments and RMBS is $0.60 per share.
10 Best Pharma Stocks to Buy Now - Insider Monkey insidermonkey.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidermonkey.com Daily Mail and Mail on Sunday newspapers.
Under-the-radar stock could soar with release of Apple’s 5G iPhone
Investing April 5, 2021
The “world’s smartest billionaire” has quietly acquired over 230,000 shares of Apple.
And Jim Simons, the legendary founder of Renaissance Technology, is not the only billionaire loading up on Apple stock in anticipation of a once-in-a-decade iPhone opportunity.
Business Insider reports that the billionaire founder of Chewy’s has invested “nearly all of his wealth” in Apple and just one other stock.
And now, Warren Buffett, the world’s greatest investor,
has gobbled up over $91 billion worth Apple stock that means
Buffett is now betting over 40% of his portfolio on Apple.