The Secret to 27% Yearly Gains with REITs

We were inching forward on a busy road in suburban Boston. I looked out our window and asked my friend how much of the retail strip to our right he’d short (if he could). Joey works for a real estate hedge fund in New York, by the way. “All of it,” he replied without hesitation. He paused. “Sell it all.” I nodded in agreement. Death by Amazon before our very eyes! Now you and I don’t normally chat about brick and mortar stores because, quite frankly, who cares about retail stocks. They don’t pay big dividends unless they’re in big trouble, like Macy’s (M) (and its 7.6% mirage yield) right now.… Read more