Nobody is clairvoyant... including people who write books on financial advice.
Also, people can change their thinking based on experience and a changing environment. "I recommend REITs and will do so until the end of time" doesn't sound reasonable to me. The landscape has changed. And, who knows, their time may come again. We all know by now that diversification doesn't ensure outperformance.
Finally, not everyone was suggesting REITs years ago, nor was everyone on this forum buying them. Yes, some well-respected authors included REITs in their slice-and-dice portfolios, and such approaches were often discussed here - but that wasn't the only advice one could have followed. Others were (and still do) recommend Total Stock Market. There is a lot of competing advice out there, and as I said, nobody is clairvoyant. You pays your money and you takes your chances, as the old saying goes.
Also, people can change their thinking based on experience and a changing environment. "I recommend REITs and will do so until the end of time" doesn't sound reasonable to me. The landscape has changed. And, who knows, their time may come again. We all know by now that diversification doesn't ensure outperformance.
Finally, not everyone was suggesting REITs years ago, nor was everyone on this forum buying them. Yes, some well-respected authors included REITs in their slice-and-dice portfolios, and such approaches were often discussed here - but that wasn't the only advice one could have followed. Others were (and still do) recommend Total Stock Market. There is a lot of competing advice out there, and as I said, nobody is clairvoyant. You pays your money and you takes your chances, as the old saying goes.
Statistics: Posted by Tom_T — Tue Apr 09, 2024 5:17 am