Core Earnings at Invesco Mortgage Capital Inc. Hold Steady at $0.46 per Share

As Invesco Mortgage Capital continues to reposition itself, its core earnings stabilized at $0.46 per share, or $57 million in total in the first quarter.

May 5, 2014 at 11:23AM

Invesco Mortgage Capital (NYSE:IVR) reported core earnings of $56.9 million today, or $0.46 per common share. This first-quarter result was down slightly from the $0.47 in core earnings per common share reported in the fourth quarter of last year, and well below the $0.62 seen in the first quarter of 2013.

In total the company saw a net loss of $73 million, an improvement from the loss of $84 million seen in the fourth quarter. The loss at Invesco Mortgage Capital was the result of a significant unrealized loss resulting from the value of its derivative contracts, which it excludes in its core earnings.

Invesco Mortgage Capital reported its book value grew by 3.1% from the fourth quarter to the first quarter, to $18.53 per common share (diluted). The firm highlighted it is continuing its efforts to be less sensitive to interest rate changes as it repositions its investment portfolio. In addition Invesco Mortgage Capital also repurchased more than $21 million of its common stock, or roughly 1% of its outstanding shares.

"Our efforts to deploy capital into new initiatives to reduce the interest rate sensitivity of our portfolio and benefit from strong real estate fundamentals continued as our book value improved," noted the CEO of Invesco Mortgage Capital, Richard King, in the earnings release. "We have been able to maintain our dividend and keep core earnings steady, building shareholder value."

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A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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