adios
05-04-2003, 08:32 PM
The management claims that since 1998 NFI has had a return of 18% compounded annually (which includes dividends reinvested) while the S&P 500 has had a return of -5% annually. Hmmmm.... I suppose that one should keep buyin the S&P 500 here because it's sure to go up. I'm almost positive that all the mortgage REITS have outperformed the S&P 500 over the last 5 years even though they were devastated during the LTCM crisis in 1998. I will try and dig up more statistics on how REITs have fared against the S&P 500 over the last 10-20 years. I do know that the S&P 500 is trading at 1997 levels basically. So in effect the market has a whole has gone sideways over the last 5.5 years. Ditto for the NASDAQ. I know stocks for the long run but I don't have 50 years left.