As Stocks Tumble, Investors Flock To Fractional Real Estate
Investors had a glimmer of hope last week as the stock market tried to recover some of its June losses, but it appears that the SP 500 will suffer another month of losses. Even many of Warren Buffett’s favorite stocks are suffering. Apple Inc . (NASDAQ: AAPL ) is currently down about 7.5% for the month and Bank of America Corp (NYSE: BAC ) is down nearly 16%. Touted as being a recession and inflation-resistant option, real estate investment trusts (REITs) aren’t performing much better. Store Capital Corp (NYSE: STOR ) is down about 4% and the benchmark REIT ETF, the Real Estate Select Sector SPDR Fund (NYSEARCA: XLRE) is down nearly 7% for June. The frustrating part for many investors is that the fundamentals for many of these companies haven’t really changed. In fact, some are generating more revenue and higher earnings per share than last year, but are trading at 20% to 30% lower prices. This is one of the downsides to the stock market
As Stocks Tumble, Investors Flock To Fractional Real Estate
Investors had a glimmer of hope last week as the stock market tried to recover some of its June losses, but it appears that the SP 500 will suffer another month of losses. Even many of Warren Buffett’s favorite stocks are suffering. Apple Inc . (NASDAQ: AAPL ) is currently down about 7.5% for the month and Bank of America Corp (NYSE: BAC ) is down nearly 16%. Touted as being a recession and inflation-resistant option, real estate investment trusts (REITs) aren’t performing much better. Store Capital Corp (NYSE: STOR ) is down about 4% and the benchmark REIT ETF, the Real Estate Select Sector SPDR Fund (NYSEARCA: XLRE) is down nearly 7% for June. The frustrating part for many investors is that the fundamentals for many of these companies haven’t really changed. In fact, some are generating more revenue and higher earnings per share than last year, but are trading at 20% to 30% lower prices. This is one of the downsides to the stock market