If you don’t know what an REIT is check out my earlier post on REIT’s.
A good article on REIT performance in the last year in WSJ
REITs
REITs took a beating last year primarily due to the under performance during the credit crunch, but they are making their way back now.
“The average real-estate fund, which lost more than 14% on average in 2007, is up nearly 5.6% this year through May 12, which makes it the second-best performing U.S. stock fund group this year, behind the hot natural-resources funds category, according to Chicago investment-research firm Morningstar Inc. That’s an impressive showing when one considers that the Standard & Poor’s 500-stock index total return has slipped 3.7% in the period, according to Morningstar.”
It maybe worth taking a look at some REIT investments again, buy low and sell high philosophy here.
May 16th, 2008 at 10:17 am
Is this like buying real estate?
Are these good for long-term or short-term investments?
May 19th, 2008 at 1:44 pm
Not like buying real estate but investing into firms that deal with real estate and follow guidelines that make them REITs. Depends on which REIT you invest in. Some are good for long and some for short.