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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (17746)	1/8/2024 4:12:43 PM
From: Kirk ©	Read Replies (1) \| Respond to of 27028

Interesting. We have similar allocations, depending on the classification you give REITs. I called it "Fixed Income" back in 2000 when I started adding them for value and their dividends when I was mostly (over 80%) in stocks when I left HP in 1998. In my newsletter core portfolios, I have them as equities due to their higher volatility, so I got lucky in my personal account that REITS have CRUSHED the returns of stocks, bonds and cash over that period. Unlike you, I also have pharma, banks and a tiny bit of silver but no oil or utilities. I've made good money on the banks compared to cash, but it was highly volatile with massive declines when they collapsed in 2008. Pharma seems the same now, with PFE hated by both political parties for different reasons. It would not surprise me to see PFE follow what GE and INTC did in 2023 after being hated similarly by the public and "experts." Your project sounds great. I hope you are taking photos to share. I added another photo today of the carpenter working on my new pergola. The GC, who I hired because of his artistry and recommendation from my Diamond Certified roofer (who has him building a custom house at the same time), did a great job with the design. We were making design changes and mods as last as last Thursday but it was meant to be that way so we could see how it looked and fit with what was important to me such as the ability to replace roof tiles and clean my gutters without removing it!! That meant making it taller which had some added benefits like letting low winter sun heat the pavers and thus my house as the sun rays sneak under it. In the summer, it will provide more shade. Are you and Jan living in the house while this work goes on or somewhere nearby?