"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.
You might look at FUN. If traveling gets more expensive, people will frequent local amusement parks. Also look at PFACP. Very steady dividend and low risk.
In the area of health care, try HQH or HQL, for the quarterly capital gains dividend. Also PMH for a fed tax-free dividend. Demographics are in favor of healthcare funds.
If you like oil and gas, what do think about DMLP? It is 70% gas and 30% oil all US based. Yield is all return of capital and eventually taxed as capital gains when DMLP is sold.
I have also been buying global funds such as AWF, EFL, GDF, and TEI for the dividend. I think that foreign markets may do better than ours due to our horrible balance of payments and dollar devaluation that is very likely in the next year or two. You can collect %6-%9 dividend while you wait.
Maybe I'll pick up some more SNH when the bleeding stops. Consider ATAXZ, MMA, or CHC for a nice fed tax-free dividend.