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08-18-2025, 04:48 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,895
Thanks: 14,366
Thanked 5,116 Times in 1,960 Posts
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Quote:
Originally Posted by retiredguy123
I have never liked REITs ever since I actually read the prospectus for one of them. The best way to make money with an REIT is to start one yourself. You pay yourself a huge salary as the CEO, and hire your friends, like an attorney, an accountant, a real estate agent, etc. and pay them big salaries. Then, you hire a stock broker to sell shares and you invest the money in real estate. If you lose money on the real estate, so what, you still get your salary and expenses and make a lot of friends happy. And, as long as you do what it says in the prospectus, you have no accountability for losing money. It's a great deal for you.
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Gee, that's too bad. CUBE, which I bought 2/24/2009 @$1.63/share is up only 2,299.78% since then according to my Vanguard statement today. Of course it has paid great dividends over the years.
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“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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