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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (57056)	12/9/2004 3:23:58 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

Jay, I really can't see the attraction of the LINK REIT. A HongKong investor like you almost certainly can make a quick profit if you can get an allotment now before it starts trading. I hope you get it. But after it is trading where is the appeal? 6% return after withholding is available in REITS of a sturdier currency, i.e the Canadian dollar. As I understand it the HK dollar is tied firmly to the US dollar, so one is essentially buying US dollar assets. I don't see a long term hold there, especially as they are giving away all the profits, hence where is the growth. Puzzled. MB