2 Bargain REITs to Buy in September – and 2 Losers to Sell Now
Brett Owens, Chief Investment StrategistUpdated: September 5, 2016
Right now, plenty of investors are quaking in their boots, wondering if they should sell their real estate investment trusts (REITs) this month.
Why? Two reasons. Let’s debunk them one at a time. (Then I’ll reveal two REITs that are screaming buys because of this situation and two you need to avoid—or sell right away if you hold them.)
A Costly Mistake
The first worry has to do with an old adage that just won’t go away. Stop me if you’ve heard it before: “REITs perform poorly when interest rates rise.”
It’s true that the Federal Reserve will probably hike rates at least once before we ring in 2017—likely in December, according to traders betting via the Fed funds futures market.… Read more