3 Top REITs to Buy Now and Hold for the Next Decade
It can be hard to look at the carnage in the markets right now and identify stocks that can restore some stability to your damaged portfolio. But there is a whole class of them that, well-picked, can help you do just that.
We're talking about real estate investment trusts (REITs). There are about 225 publicly traded REITs now. They operate income-producing portfolios and are required by law to pass through at least 90% of their taxable income to shareholders in the form of dividends.
To be clear, REITs haven't escaped the downturn. For instance, the Vanguard Real Estate Index Fund ETF (NYSEMKT: VNQ) -- a weighted collection of about 160 REITs -- is down about 19% year-to-date, even worse than the about 17% for the S&P 500.
Source Fool.com
