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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Kitskid who wrote (244)	6/18/1999 5:48:00 AM
From: David Culver	Respond to of 11633

Given this article I was surprised CHIP did not go up on Thursday. dave

To: Kitskid who wrote (244)	6/20/1999 8:57:00 PM
From: Kitskid	Respond to of 11633

This is from James Glassman in the Washington Post. Maybe the same wisdom applies to Canadian REIT's. - washingtonpost.com - In the current issue of his excellent newsletter, Retirement Watch (1-800-552-1152), Bob Carlson, who also chairs the board of trustees of the $1.6 billion Fairfax County supplemental retirement system, recommends stocks that are out of the mainstream of the large-cap growth universe, such as real estate investment trusts (REITs), which fell 18 percent between July 1, 1998, and March 31, 1999. Since then, they have rallied, but they're still far from their highs--and for no good reason. Carlson likes Cohen & Steers Realty (1-800-437-9912), the largest REIT mutual fund. "As I've been saying for a while," he writes, "REITs are the best bargain in the investment markets. Most have growth rates that exceed earnings growth for much of the S&P 500 and are selling at tremendous discounts, and are likely to continue their growth rates for some time. . . . Of course, on top of these factors are high yields paid by REITs. Currently, Cohen & Steers pays a yield of between 4 percent and 5 percent."