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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (9322)12/15/1999 7:39:00 PM
From: James Clarke  Read Replies (1) of 78516
 
<<It would seem to me that if I am looking for value and dividend am I not better off with a REIT? I just do not see any reason to select a 7% taxable yield instrument over an instrument that yields 10-15% some of which is tax free and offers growth possibilities. But I am certainly willing to be persuaded. Right now something like HRP SNH look like better values to me.>>

I assume you're comparing REITs to FIT. Fine, I own both. They are both exactly what I am looking for at this time - things not likely to drop much if the market plunges (and hell, if they drop so what - I know what I own here and it pays me a great yield to wait it out). FIT and REITs are about as far away from the tech mania as you can get without going completely into cash. Even investing in Japan isn't safe, since I learned very recently that a lot of the holdings that have given me a big six month gain in Fidelity's Japan funds are tech/internet plays. Maybe the answer is to go 100% cash. I'll deal with that in January. There is no way in hell I am going to liquidate a portfolio of value stocks which have been absolutely annihilated on December 16th. But I may consider it on January 16th.

JJC
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