Page 25 - IreitEbook

Yet despite those blemishes on his

otherwise very impressive track record,
GETTING DOWN
Templeton still amassed an entire
TO THE DETAILS
investing empire. And you’d better believe

it wasn’t by taking all his money out of the
Recognizing which specific REITs to
markets whenever things got a little shaky
buy at what specific times is a much
and putting it all back in whenever the sun
different topic than market timing.
came out again.
Reality requires us to acknowledge
that certain sectors do better under
Proper portfolio diversification isn’t a fair-
certain conditions. And intelligence
weather friend. It stays consistent over the
requires us to handle that reality
long-term. Just as long as you do.
appropriately.

None of that’s to say you shouldn’t have a
For instance, mall REITs used to
proper exit plan for individual investments
seem utterly dependable. Then the
gone wrong. You should. The main
internet came along to shake things
takeaway here is that, as a sector, REITs are
up, forcing investors to be a bit more
worth maintaining a permanent spot for in
selective about them now. Nor is
your portfolio.
that the only kind of change to be

aware of.
It’s only a matter of finding the best ones

to buy into at, yes, the best times. Once
In order to know when the best time
you get to the macro side of investing
is to invest in individual REITs, it’s
in REITs, then we have something to talk
best to know something significant
about concerning “timing the markets.”
about the categories they fall into.
And we’ll talk about it in detail.

That’s because they’re not the ones who

end up paying the price of that decision.

Investors do through a series of fees. There

can be upfront fees of 12% or more once you

factor in buying and managing properties,
25
and paying involved advisors.