Sweet, now my REIT fund is toast too

NY Times has an article about commercial properties declining. Nice.

Let me give you a little history of my REIT investing. It’s not long or auspicious.

Many years ago when I started investing in a REIT, I was at a small company and they had a REIT option. I kicked in a few dollars (about 10% of my contributions at 3% of my salary, very small potatoes). I was doing pretty well with it since there was always dividend income. When I quit that job about a year or two later, I rolled the 401k over into a private IRA and kept the REIT. Eventually I rode the market down on it and decided to sell it off. While I made money on it because I had more shares to sell than before despite the fall in share price, I think I ultimately lost money because I didn’t hold the minimum balance in the fund once I did the rollover. I think I was hit with annual fee or two that eroded my gains.

Now that I have a REIT available to me again at my current job, I started to kick in a little money once again since commercial real estate generally has long term leases and fairly reliable rent. However, I guess that was a bad idea and the REIT is going to tank on me.

Que sera sera. I swear this market is making me turn into a goldbug or a “stuff money under mattress” type.

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