Jay Singh — Bought 10 bps RWT at 4.61 (Discord VIP / SSR, Jul 2026)

One-line take: Opening a mortgage-REIT income long with a small starter tranche. Singh buys 10 bps of Redwood Trust (RWT) common at $4.61 — a 35% discount to NAV with a 16% dividend yield. This is the first tranche of a scaled build: four days later he added a larger 25 bps at $4.23 (42% discount, 2026-JUL-06) as the stock fell and the discount widened. RWT sits in his DX/NLY/RWT high-dividend mortgage-REIT basket held on the rate-peak thesis.

1. Stocks & names mentioned

Single-name VIP buy note (short written Discord/SSR post — no timestamps; the "At" cell links to the post). Stance reflects how the name was framed in this alert.

2. Talking points

Ticker	Name	Research	View	What Singh said	At
RWT	Redwood Trust	QT · SA · STK · FA	Positive	Bought a 10 bps starter position in the RWT common at $4.61 — a 35% discount to NAV and a 16% dividend yield. First tranche of a scaled build (added a larger 25 bps at $4.23 / 42% discount on 2026-JUL-06 as it fell).	read ↗

A small starter in a deep-discount income name

RWT common at $4.61 trades at a 35% discount to NAV with a 16% dividend yield — a deep-value, high-income mortgage-REIT entry.
Sizing: a 10 bps starter tranche — a deliberately small initial position, leaving room to add lower if the discount widens (which it did, at $4.23 / 42% four days later).
Fits his high-dividend mortgage-REIT basket (DX / NLY / RWT) held on the rate-peak thesis — the yield pays while waiting for the discount to close.

3. In plain English

A jargon-free summary of the thesis behind the name — what it actually is and why he holds that view. (Plain-language companion to the table above; renders on the ticker's consolidated page.)

RWT — Redwood Trust Positive

Redwood Trust is a mortgage REIT — it owns home loans and mortgage bonds and pays most of its income out as dividends. At $4.61 the shares trade about 35% below the value of what the company owns (its net asset value) and pay a 16% dividend, so you're buying a dollar of assets for roughly 65 cents and collecting a big yield while you wait for that gap to narrow.

Singh is starting small — just a tenth of one percent of the portfolio — deliberately leaving room to buy more if it gets cheaper. It did: four days later he added a bigger slice at a lower price and wider discount. Starting with a small "toe in the water" and adding as the bargain improves is his way of building a value position without betting on catching the exact low.

Summary derived from a short written VIP buy alert (Discord / Special Situations Report), archived in transcript.txt, for personal study. Not investment advice.