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John,

To be a 'pocket' means smaller in size, maybe limited exposure to the investing public and likely to require arcane investing skills that match the asset type.

Would this be an acceptable set of assumptions?



For the ones I had in mind, that would come close, plus add in rather high volatiliy ;-)


Loans secured by residential properties
Tax liens issued by county governments and secured by residential property


Out of interest, how "safe" would those be if we had a serious downturn in the RE prices?


SB
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