Episode 21: What About REITs As An Investment In A Risk Parity-Style Portfolio? (Part 2 of 2)

<p>In this episode, which is Part Two of Two, we conclude the analysis of REITS as an investment that we began in Episode 19, using David Stein&apos;s 10 Questions to Master Investing, which are:<br/><br/>1.  What is it?<br/>2.  Is it an investment, a speculation, or a gamble?<br/>3.  What is the upside?<br/>4.  What is the downside?<br/>5.  Who is on the other side of the trade?<br/>6.  What is the investment vehicle?<br/>7.  What does it take to be successful?<br/>8.  Who is getting a cut?<br/>9.  How does it impact your portfolio?<br/>10.  Should you invest?<br/><br/>We cover the questions six through ten in this episode.<br/><br/>Helpful links:<br/><br/>Backtest of REITs versus the stock market comparison:<br/>https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&amp;mode=1&amp;timePeriod=4&amp;startYear=1972&amp;firstMonth=1&amp;endYear=2020&amp;lastMonth=12&amp;calendarAligned=true&amp;includeYTD=false&amp;initialAmount=10000&amp;annualOperation=0&amp;annualAdjustment=0&amp;inflationAdjusted=true&amp;annualPercentage=0.0&amp;frequency=4&amp;rebalanceType=1&amp;absoluteDeviation=5.0&amp;relativeDeviation=25.0&amp;portfolioNames=false&amp;portfolioName1=Portfolio+1&amp;portfolioName2=Portfolio+2&amp;portfolioName3=Portfolio+3&amp;asset1=TotalStockMarket&amp;allocation1_1=100&amp;asset2=REIT&amp;allocation2_2=100<br/><br/>Composition of the ETF VNQ:  https://www.marketwatch.com/investing/fund/vnq/holdings?mod=mw_quote_tab<br/><br/>Correlation Matrix of the REITs and funds mentioned:  <a href='https://www.portfoliovisualizer.com/asset-correlations?s=y&amp;symbols=VTI%2C+VNQ%2C+VNQI%2C+REET%2C+BXP%2C+PLD%2C+O%2C+SPG%2C+AVB%2C+WY%2C+VTR%2C+WELL%2C+PSA%2C+AMT%2C+CCI%2C+DLR%2C+WPC%2C+VNO%2C+LAMR%2C+GLPI%2C+LAND%2C+IRM&amp;timePeriod=2&amp;tradingDays=60&amp;months=36'>https://www.portfoliovisualizer.com/asset-correlations?s=y&amp;symbols=VTI%2C+VNQ%2C+VNQI%2C+REET%2C+BXP%2C+PLD%2C+O%2C+SPG%2C+AVB%2C+WY%2C+VTR%2C+WELL%2C+PSA%2C+AMT%2C+CCI%2C+DLR%2C+WPC%2C+VNO%2C+LAMR%2C+GLPI%2C+LAND%2C+IRM&amp;time