The Ignorant Investor
Ignorance Can't Stand in the Way of My OpinionWednesday, March 16, 2011
Real Estate
Yesterday I raised the prospect of investing in REITs, but today I looked at the pricing history on Vanguard's REIT index. At around $19 per share the price is still well below its 2007 high of $30 per share. But during the financial crisis it dropped to under $8. Right now the yield is 3 percent. Better than a money market, sure. But not the stuff for rapidly growing portfolios. I've added a REIT fund to my 401K account, but the thinking was that it is more of a hedge against inflation risk than a real money maker.
posted by Worker 17 # 3:48 PM 
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