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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (51781)

6/26/2013 4:03:16 PM

From: Grommit

of 78683

> Are you reducing any of your REIT positions?
I've reduced my pref shares and bought whacked reits. Some buys were a bit too soon (DLR), but I've done quite a bit over the past week or two. Some pref shares were redeemed earlier in the year, and more recently all that were too much $ > par were sold. 85% of my pref shares now mature in 2017-2018, and, on average, my pref shares are selling under par with a 7.5% yield.

> I am peeling off shares... it makes sense to play a 15% correction...

If you consider pref shares to be a parking spot for cash, then I am market timing too. But an opposite bet to yours.

	now	12/31/11
cash	3%	2%
pref	29%	49%
utilities	5%	8%
reits	54%	38%
other	9%	4%
	100%	100%

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