On to equities. I was involved in REITs in the late 1960s and early 1970s and didn t like the results. I ve looked over the current breed for 2001. Many have as much equity as debt on their balance sheets. Most are run conservatively and now make a lot of sense as quasi-equity holdings.
Absolute diversification is the name of the game here.
In a 32-stock list, I d be willing to own four names in any given industry group. Post owns a portfolio of upscale multifamily apartment communities with an emphasis on the fast-growing Atlanta market. At last report, the balance sheet showed more equity than debt. Phillips International, Inc . All rights reserved.