I've held shares of Annaly Capital Management (NYSE: NLY) for over a decade. Unfortunately, the stock has lost a lot of value since I made my initial investment. That made me think recently about finally taking the loss and writing it off on my taxes.

However, after doing the math and taking a closer look at Annaly's prospects, I've decided not to sell this ultra-high yielder. Instead, I plan to keep holding the mortgage real estate investment trust (REIT) for income.

I'm down about 60% on my initial purchase of Annaly shares. That's largely due to lower mortgage rates' impact on its business. As interest rates fell, many borrowers refinanced their mortgages to lower rates. This forced Annaly to make lower-yielding investments, which impacted its income and its ability to pay dividends. 

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Source Fool.com