REIT personal finance USA article
Posted: Thu Oct 02, 2003 12:58 pm
Balance portfolio with REITs
Real estate funds may be just what you need if you're discouraged by the low rates on bonds and bank CDs and want to add some diversification and stability to your portfolio.
These are mutual funds that invest in holding companies known as real estate investment trusts, or REITs, which make their money by purchasing and then renting out properties such as apartments, shopping centers, office buildings, hotels and warehouses. They've been on a tear lately (and, in the name of full disclosure, I acknowledge I've been a longtime owner of several such funds).
For the three-year period ending Aug. 31, the average real estate fund has returned 14.9 percent a year, compared with a drop of 6.5 percent for the average stock fund, according to Sheldon Jacobs, editor of the No-Load Fund Investor, a monthly mutual fund newsletter published in Ardsley, N.Y. <snip>
http://www.portlandtribune.com/archview.cgi?id=20548
Petey
Real estate funds may be just what you need if you're discouraged by the low rates on bonds and bank CDs and want to add some diversification and stability to your portfolio.
These are mutual funds that invest in holding companies known as real estate investment trusts, or REITs, which make their money by purchasing and then renting out properties such as apartments, shopping centers, office buildings, hotels and warehouses. They've been on a tear lately (and, in the name of full disclosure, I acknowledge I've been a longtime owner of several such funds).
For the three-year period ending Aug. 31, the average real estate fund has returned 14.9 percent a year, compared with a drop of 6.5 percent for the average stock fund, according to Sheldon Jacobs, editor of the No-Load Fund Investor, a monthly mutual fund newsletter published in Ardsley, N.Y. <snip>
http://www.portlandtribune.com/archview.cgi?id=20548
Petey