"Assuming that fear and greed will continue to drive the markets and there is lots of corporate tap-dancing out there, where should we put our money (REITs, Oil Trusts, Pipelines, Tankers, etc.) to get good dividends without risking principle too much."
Reply - those are EXACTLY where I have my money. REITS, Oil Trusts, and Tankers. . .just picket up VLCCF (tankers) last week. . .I doubt if we could EVER go wrong with oil. . .oh and also coal = ALRP was my best investment of 2004.
Interesting. I've gravitated towards oil and REITs, too. We can get burned that way, as well -- higher interest rates and lower oil prices may hurt. I bought some tanker stock. It's the same price to ship whether oil prices are high or low. But, I'm wary of my oil company stocks. Oil prices could sink.
Suggest THO for your baby boomer strategy. RV's will continue to sell, and as with the last RV boom, oil prices don't seem to affect RV sales. Retirements do, and we'll be seeing a whole lot of those going forward.
I still like SNH. This dip is a good place for the new buyer to get in. I may add some shares today. But, it's not foolproof. If interest rates go up, SNH could be affected.