Wall Street Is Wrong on REITs

Coming interest-rate hikes are creating a frenzy. Maybe investors should just chill.

Sometimes Wall Street reminds me of my late border collie, Patch. A story in the Wall Street Journal once described border collies, which are incredibly intelligent animals that are born to herd, as “obsessive-compulsive workaholics.” Just as the stock market typically leads the economy—that is, share prices tend to turn down before a recession and start to rebound before a recovery—border collies want to lead their flock, whether it consists of sheep, cows or people, in a decisive and orderly way.

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Kathy Kristof
Contributing Editor, Kiplinger's Personal Finance
Kristof, editor of SideHusl.com, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. But perhaps her biggest claim to fame is that she was once a Jeopardy question: Kathy Kristof replaced what famous personal finance columnist, who died in 1991? Answer: Sylvia Porter.