To: Mike McFarland who wrote (676 ) 4/18/2005 12:29:26 PM From: Mike McFarland Read Replies (1) | Respond to of 1336 On April 12, Rep. Jon Porter, R-Nev., chairman of the House Subcommittee on the Federal Workforce and Agency Organization, Rep. Chris Van Hollen, D- Md., and Rep. Tom Davis, R-Va., chairman of the House Government Reform Committee, plan to introduce the "REITS" Act, which would add a real estate investment trust (REIT) fund option to the five existing funds in the Thrift Savings Plan (TSP). The goal of the legislation is to improve the retirement benefit available to federal employees. It will give TSP participants the choice to diversify their TSP portfolio with a real estate option to improve their long-term investment outlook for retirement. ..................... Seems like it is a little late, with real estate having done so well these past years. I still think there is a chance that there is someday soon going to be a period of time in which all investment vehicles lose money simultaneously. Unfortunately, savers like me, who are mostly in treasuries, seem to lose ground too as the dollar has gone down. What would be sweet is if you could buy TIPS that were also hedged against dollar declines (??). I don't know, maybe hard assets like land and timber and gold are okay. Never liked gold, can't do much with it, never liked land for the property taxes, and timber increasingly is being replaced with recycled and manufactured materials--the timber stocks have done well, but they'll decline again with the general market conditions. I am mostly paranoid when it comes to investing, with the exception of the mad money--which did so much better than my savings, go figure. Diversification does seem to work well, but it isn't magic. There are bull markets in every sector-- diversifying simply means that you don't have to time anything.