11-03-2013, 10:31 AM
(10-31-2013, 09:28 AM)fiveoh Wrote: TBH my average price is somewhere around 56-57 so i'm now down over 20% in 6 months on it. Not really what I was hoping for with my first REIT. lol.
Yeah, most of the REITs have been a horror show for the past year or so. I am tempted at times to double down (buy more to lower my average price per share), but I am not sure I have the stomach for it. At the end of the day, I just don't understand the REITs as well as I understand MO or JNJ. When something like that tanks, I buy with a knowing grin on my face and no discomfort at all that that portion of my portfolio has taken a hit. Not so much with the REITs. So I am hesitant to increase my exposure right now.
Though again, buying when they're cheap is the long-term winning strategy, so perhaps I should have more fortitude.