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AAII Silicon Valley Chapter September 8, 2012. Fred Smith Rationale for Investing in REITs Low correlation with other equities Income I only use mutual.

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Presentation on theme: "AAII Silicon Valley Chapter September 8, 2012. Fred Smith Rationale for Investing in REITs Low correlation with other equities Income I only use mutual."— Presentation transcript:

1 AAII Silicon Valley Chapter September 8, 2012

2 Fred Smith Rationale for Investing in REITs Low correlation with other equities Income I only use mutual funds and ETFs: Yld 1-yr 5-yr 10-yr SD Sharpe VGSIX3.1119.843.7911.1219.15 1.21 TRREX2.0219.363.0411.5920.01 1.18 VNQ3.2420.163.95 - 19.14 1.22 IYR3.3919.172.199.6418.45 1.16 VFINX1.8017.821.196.3915.63 0.88

3 Total Returns for S&P 500 (VFINX) and REIT Index (VGSIX) Year VFINX VGSIX 1997 32.19 18.77 1998 28.62-16.32 1999 21.07 -4.04 VFINX VGSIX 2000 -9.06 26.35 2001 -12.02 12.35Compound Annual Growth Rate 5.37% 8.86% 2002 -22.15 3.75 2003 28.50 36.65 Standard Deviation20.32%21.74% 2004 10.74 30.76 2005 4.77 11.89 2006 15.64 35.07 2007 5.39-16.46 2008 -37.02-37.05 2009 26.49 29.58 2010 14.91 28.30 2011 1.97 8.47

4 Annual Returns for S&P 500 and REIT Index

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