Hi Paul - I hope you enjoy your time off. I envy your weather this time of year. It's always in the 90's and very humid in Jacksonville (sometimes 100 degrees) this time of year. Pretty brutal summers. Regarding RIET, I don't see the point of a REIT ETF when I have access to Paul Drake. Better risk adjusted performance and a lot less expensive!!
That equivalence is unlikely to always hold. The two ETFs are designed to track different indices. But then again, the not-too-old saw is that by the time you are holding 10 positions you get the performance of an ETF.
Hi Paul. Thanks for the RIET work and the shoutout. Whether I deserved the compliment (if it was for me) remains to be seen.... I reread your note several times and I remain confused. Your numbers deal only with the eREITs, preferreds and mREITs. Shouldn't the traded REITs be part of your calculation? Or are they? While you elaborate the dangers, which, thank you, are apparently more than I have thought, how do you get to 7% dividend from the current 10%? Or are you only talking about the non-stock exchange traded REITs? Thanks again.
Hi MZ, You will have seen the updates. eREITs is an abbreviation for equity REITs, used for both listed and unlisted (private) REITs. But I recognize substantially all those on their list as publicly listed, and there is no mention of privately listed REITs in their annual report.
Thanks. I always thought eREITs referred to unlisted only. My mistake. Sorry to push it, but in your table it looks like there are only 54 or so of the 100 holdings accounted for. So I just don't get how you go from the current 10% yield to a 7% yield. Here is a listing of the 102 February 2024 holdings:
Yeah this is driving me nuts. I have count totals in the spreadsheet and the totals add to 100. So what gremlin was at work? The eREIT, mREIT, and preferred numbers in my breakdown are 39, 31, and 30. No sign of 54 so where did it come from? Anyway, fixing that does not change the average.
Cheers Paul. Have a good holiday. A "push me-pull you" on a rate cut. If inflation ticks up I think rate cuts are a 2025 story. I hear more and more about stagflation. We shall see.
Thanks for looking at RIET. It seems like it might be an alternative to holding individual perferred shares.
Hi Paul - I hope you enjoy your time off. I envy your weather this time of year. It's always in the 90's and very humid in Jacksonville (sometimes 100 degrees) this time of year. Pretty brutal summers. Regarding RIET, I don't see the point of a REIT ETF when I have access to Paul Drake. Better risk adjusted performance and a lot less expensive!!
Cheers.
Based on total return RIET=VNQ https://www.tradingview.com/x/xAdpFAgN/
That equivalence is unlikely to always hold. The two ETFs are designed to track different indices. But then again, the not-too-old saw is that by the time you are holding 10 positions you get the performance of an ETF.
Hi Paul. Thanks for the RIET work and the shoutout. Whether I deserved the compliment (if it was for me) remains to be seen.... I reread your note several times and I remain confused. Your numbers deal only with the eREITs, preferreds and mREITs. Shouldn't the traded REITs be part of your calculation? Or are they? While you elaborate the dangers, which, thank you, are apparently more than I have thought, how do you get to 7% dividend from the current 10%? Or are you only talking about the non-stock exchange traded REITs? Thanks again.
Hi MZ, You will have seen the updates. eREITs is an abbreviation for equity REITs, used for both listed and unlisted (private) REITs. But I recognize substantially all those on their list as publicly listed, and there is no mention of privately listed REITs in their annual report.
Thanks. I always thought eREITs referred to unlisted only. My mistake. Sorry to push it, but in your table it looks like there are only 54 or so of the 100 holdings accounted for. So I just don't get how you go from the current 10% yield to a 7% yield. Here is a listing of the 102 February 2024 holdings:
https://fintel.io/i/etf-series-solutions-hoya-capital-high-dividend-yield-etf
Yeah this is driving me nuts. I have count totals in the spreadsheet and the totals add to 100. So what gremlin was at work? The eREIT, mREIT, and preferred numbers in my breakdown are 39, 31, and 30. No sign of 54 so where did it come from? Anyway, fixing that does not change the average.
Cheers Paul. Have a good holiday. A "push me-pull you" on a rate cut. If inflation ticks up I think rate cuts are a 2025 story. I hear more and more about stagflation. We shall see.
Indeed, Dave, we shall see but we don't get to peek ahead. Cheers!
Mud engineers have crystal balls and can see into the future. Not clearly though...wait for it....wait....sometimes it's muddy. 🤣