06-06-2020, 08:48 AM
(06-05-2020, 08:11 PM)PJ Wrote:(06-05-2020, 05:15 PM)Orion1876 Wrote:(06-05-2020, 03:45 PM)PJ Wrote: I can't believe how fast it has recovered. We still get plenty of bad news that I would expect to cause dips but the market just goes up and up. 30 million unemployed? Market goes up. Cities being burned to the ground? Market goes up.
I obviously don't know how this works lol. I put a few thousand into index funds when the dow was at 18k but I was expecting it to go down further (15k was my dump it all in number). Now I am wishing I would of been more aggressive.
Just within the last few years was when I started my index funds and I bought in around 27-29k so overall I am still down...which sucks.
I like the index funds because I don't have the time to actually research specific companies or funds. The index funds seem like an easier and maybe safer way to go.
I do want to look into REETs though.
I have to recommend investing in a REIT. They can be a very good source for relatively large dividend payments. Just like with all other stocks and mutual funds there are very good REITs some some that are very risky. Obviously these days retail REITs are not doing very well with so many stores closed and unable to pay their rent.
One group of REITs to consider right now might be medical based REITs for doctors offices, hospitals, etc. I have a Hospital REIT that has been very good for me the last two years since I bought it.
I don't know, Creepy Joe could win and nationalize healthcare. Can't imagine that would be good for reits (only half joking)
Could you imagine being invested in any kind of hospitality, cruise or retail reits the last few months. Keep sharp objects away from those people.
Not to mention the airline stocks. People that had long term investments in airlines were probably pretty nervous. Now all the trader are jumping on the airlines and riding them up a bit to make a quick buck as the stocks start to come back up.
Just never know what stocks will recover and what stocks will go bust. There was some thought that at least one airline would go bankrupt and I guess it still could depending on how quickly they are able to open up flights and how full the flights are.