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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

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Real estate mutual fund

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If in doubt, please send a new question or ask for an update.

Q: I have done very well in a commercial real estate mutual fund until this year but lately the performance stinks. What do you suggest?

A: Assuming your investment risks are adequately diversified otherwise and you want to stay in real estate, consider an international real estate mutual fund. While US real estate is overvalued and expected to remain unexciting over the next few years, many parts of the world still have undervalued real estate. The only obstacle is that some of these have high minimum balances to open an account that could be $100,000 or more. The top performing fund requires a minimum investment of $500,000. Sometimes these minimums can be waived if the account is referred by an adviser, but we could look into the options in more detail if you want to schedule a portfolio review. A specific request to waive the minimum investment would be based on the amount you actually wish to invest.


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