Investment

» retiredinprescot - YTD, June 2007

In response to YTD, June 2007 posted by allancoleman:

Allancoleman,
Respectfully, I have a different take on Real Estate. I don't want to own Real Estate with the headaches of maintenance (unlike you, I hate spending time chopping weeds), insurance, potential liability and the need to eventually find a buyer. I'm not saying that direct ownership is bad, just that it isn't what a lot of people I know want to do.

Despite all the bad press you've read about Wells and other non-traded REITS, they have done better for me than any of my bonds or 401K stable value funds. As we all know, what really counts is what you NET. I've done better than 7% total return annually in my REITS with no price volatility to worry about and a steady dividend (averaging 6%) plus the kick up in value when the Reits have matured.
I'm NOT advocating these for anyone else, but my wife and I love them as bond replacements for us. I don't really care that a commission was paid to my advisor/broker because what counts for me is what I made, net-net.

-- posted by retiredinprescot