Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 exptools 1/6/84; site ihu1e.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!ihnp4!ihu1e!jgpo From: jgpo@ihu1e.UUCP (John, KA9MNK) Newsgroups: net.invest Subject: Re: IRA's and REIT's - (nf) Message-ID: <367@ihu1e.UUCP> Date: Tue, 8-Jan-85 12:00:41 EST Article-I.D.: ihu1e.367 Posted: Tue Jan 8 12:00:41 1985 Date-Received: Wed, 9-Jan-85 05:18:39 EST References: <36500005@convex.UUCP> Organization: AT&T Bell Labs, Naperville, IL Lines: 21 I just purchased 100 shares of Mortgage Growth Investors (ASE - MTG) for my IRA. MTG is trading at about 17.50 (Jan. 7 close). Value Line rates MTG 2 (above average) for both Timeliness and Safety. Merrill Lynch has a triple buy (their highest, 1/1/7 I think) opinion on MTG. MTG's yield is 8.4%. Beta is 0.55. Of the three types of REITs available, long-term mortgage REITs and equity REITs are considered conservative investments (just what you'd want in your IRA). The short-term mortgage REITs are more speculative. A lot of REITs went belly-up in the 1970s. When picking a REIT, look for one that went through the bloodbath and survived. If your REIT performed at all well from ~1973 through ~1976, you can probably assume that its management knows what it's doing. John Opalko AT&T Bell Labs Naperville, IL