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CBRE Clarion Global Real Estate Message Board

  • desertbrezz desertbrezz Nov 23, 2008 7:37 PM Flag

    I also bought because of the Oxford club.

    About 2 years ago, I joined and I saw they recommended IGR. I bought 1600 shares at 24.02 and later 1000 shares at 20.43. I figured if they didn't have a stop in, it must be a secure investment. Well, I'm down over 85% and they still don't say SELL. Since I'm retired, I need all the income I can get, so I think they don't know what they are talking about.
    Another issue I have is with their trading portfolio. How many retiries can afford 25% loss on every stock they buy? I think 25% is out of line for retired people. I think 7 to 10% is plenty. Especially since the whole world knew we were heading for a recession.

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    • The issues you have, my 'friend'are all with yourself, not the Oxford Club or IRG. You could have put in an 8 or 10% stop. If you had been stopped out you would have more left over to reinvest at this lower price. When you are running your own money, you're the MAN, where the buck stops. You,re not measuring up, so get to work and stop whining. ALMOST nothing but cry-babies on this message board...I know, I'm complaining as well.


    • I've read most of the investment articles on getting dividends and you all have been sold a bill of goods by those with a vested interest. Buy and hold and investing is not a solution for retirees.

      Solution: Learn to day trade conservatively. With just 2% of your capital making 300% trading and 98% in CDs, you can make about 8%; worst case still make 3% (if you lose the 2% trading capital. Do the math against the real market returns of buy and hold.

    • Oxford Club is again recommending its members to buy IGR. Look at Oxford Insight. For any stocks or funds recommended by Oxford Club, I always have my exit point, usually 15% below my buying price, not 25% as recommended by Oxford Club. If the market stabilizes, I will buy IGR back. Who knows? it may drop to $1 to $2 a share before bouncing back.

    • If you're a 28 yr old retired female you don't need any other income, so the cut should be nothing more than a bump in the road. This is an income portfolio, so buy more. It will go up again in price and dividend. You've lost nothing unless you sell (sold) in which case you aren't listening to the Oxford Club so why belong. We are in the middle of world wide economic collapse. There are no winners. So enjoy what dividend you get and wait for the rebound, after all you're only 28. By the way, where in Phoenix?

    • Right now the stock is significantly below NAV. In the worst case, management knows that it can convert to an open end fun to realize NAV value.


    • desert:
      I am an OC member myself. I too have held IGR in my portfolio and watched it drop like a rock. I had an order in to sell it at $15.50 but I let it expire (bad idea) before execution. As for the 25% trailing stop rule, we have to remember that the stop moves up as the price (hopefully) appreciates. IBD and other publications employ the 7-8% stop rule but my experience with that is you end up being "stopped out" of pretty much every stock you own (especially during these difficult market conditions). Even the very best stocks may temporarily decline 15-20% before recovering. You have to give a stock some "breathing room" before you decide to sell it. I think the major problem with IGR has been these ARPS. If these auctions did not collapse I think it could have weathered the storm w/o slashing the dividend. One positive thing is that if inflation returns (with all this printing of money by the Fed) real estate prices usually move higher with inflation. We can always hope. Good luck.


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