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Industry Discussions / Real Estate Inv. Trusts: REITs

URL:  http://boards.fool.com/i-thank-everyone-for-their-input-and-always-love-30646247.aspx

Subject:  Re: WSJ: Regulators Worry Mortgage REITs Pose Th Date:  4/21/2013  5:09 PM
Author:  annedonc Number:  74153 of 77713

I thank everyone for their input and always love to hear YO's opining on topics, and consider it wise to take into consideration his sage advice. I personally take an approach that there is no safe investment that deserves a forgotten place in one's bank's safety deposit box, including stellar equities that are often discussed here. The point I am trying to make here, is not to broadly brush the entire spectrum, in this case all mreits and all mreits' various offerings (common stock, convertible preferred, traditional preferred, debt offerings)- these are not necessarily created equal in business model or financial risk. There were many, like me, who lost thousands in investment rated (and I want to underline investment rated) banking stocks (in my case Amsouth, now Regions), which I (never again)felt at the time would be my old stodgy good/safe dividend yielding part of my portfolio. I have ridden up and down a number of investment rated equities, and have all but bailed from common stocks (whether investment rated or not) as I approach retirement, and am focusing on what I consider more dependable income that is risk acceptable to me, most of which has been tied up in preferreds of long standing successful property reits, some preferreds of long standing mreits, some long owned MFS muni bond funds, and a few CEF funds.
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