I find it amazing that more investors haven't gotten on board with RIF.We keep a daily running account of the share price of this fund. On 10 Dec, the share price was 19.50, versus today's 24.18. This being a REIT, some people may be leary of this sector of the market. The WSJ and other reputable media outlet are all in agreement that real estate is now recovering and is a good investment. We bought RIF when it was then RDR before the merger with other RMR funds. Our first buy was at 14.49 We stayed even when RDR bottomed around .98 and added more shares at .98 and 1.43. Prior to becomming RIF, we had 5000 shares. We felt that if real estate never went back up then the whole market would never climb back from the abyss. It looks like we were right in thinking that. retiredafe8
I too find it hard to believe no one else is in this, but then again, when you look at the b/a spreads, the liquidity is questionable.
I have been a holder of RDR, then subsequently RIF. I have been in and out a few times, with an average gain of 15%-20% each time. Currently I am for 128 shares (by no means a large holding) but am up 13% and have been steadily climbing each way. I would be willing to load up on this if the spreads were tighter and the volume was a little larger as well. Beside the liquidity issue though, I feel this is the best performing, strongest position in my portfolio.
Good to hear from a fellow investor with RIF. How did you like today's rise? We intend to ride this fund for all it is worth. We also own NRO, another REIT that we stayed with and loaded up on when it hit bottom around 1.50. We now own 5000 shares and are finally starting to see it go up. Good luck to you. retiredafe8