Chapter 9. Cashing In on the Real Estate Boom—Investing in REITs
Would an investment that has been profitable in 27 of the past 33 years be of interest? Would it be of more interest if it produced fine profit during those three awful bear market years for the stock market of 2000, 2001, and 2002 (as well as coming close to a breakeven during 1973, 1974, another highly unprofitable period for most stocks)?
And would it add to your interest if you knew that this investment had produced an annualized rate of return of 13.4% since 1971, including all the bad years as well as the good?
We examine the ebbs and flows of capital growth in the world of REITs (real estate investment trusts) a bit later on. REITs are a great counterbalance to the general behavior ...
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