From Steve Sjuggerud in DailyWealth:

Exactly one year ago, I told my True Wealth subscribers to buy shares of Hatteras Financial (HTS). As I write, the total return on that recommendation (including dividends) is 73%. Over the same period, the stock market is down about 10%.

The reality is, virtual banks are in their "sweet spot" right now, thanks to the government artificially cutting interest rates to such low levels.

You want to be OUT of virtual banks before the Fed starts hiking interest rates again - because the big profits are typically over by then.

The odds are the Fed won't hike rates until the end of April 2010. So virtual banks are worth owning until, say, February 2010. That gives you about six months to earn a huge dividend on your cash - and make some healthy capital gains, too.

Read full article (and get Steve's recommendation for new money)...

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