mikes425
Commander
generally happy in semi-retirement and dividend income-land
Posts: 126
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Post by mikes425 on Nov 8, 2023 23:12:58 GMT
I've held both for a few years as part of a diversified balanced PF, in I-401k and Roth accounts. I'm down 12.5k since inception
on VNQI. I've already basically covered tax loss harvesting for this year (easily). Is VNQI likely to be dead money for years?
Does it make sense to take the loss and invest proceeds elsewhere. What might be a solid alternative. I don't see any strategic
point in holding it other than to just have it sit there at a loss indefinitely. Meanwhile VNQ is down $5k in my account.
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Post by yakers on Nov 9, 2023 19:38:01 GMT
I hold a bit of VNQ in tIRA so could sell whenever but no TLH, no actual loss as have held it a long time.. I intend to continue holding as part of diversified portfolio, Had a foreign bond fund some years back, did not go well, there is a logic to holding foreign funds but have not seen anything manifest from it. Wouldn't buy it but not sure I would sell if I had it today.
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Post by yogibearbull on Nov 9, 2023 21:06:17 GMT
The CRE peaked with the stocks in 01/2022. But while general stocks have made some rally attempts, it has been downhill for VNQ, even more so for VNQI. Rising rates have hurt all bond-proxies including REITs. But some REITs (apartments, data centers, industrial, medical offices, etc) are doing better than others (offices, mall, etc).
If you look at the nontraded-REITs (Blackstone BReit, Starwood SReit) - private-RE stuff previously sold as "hot" - those have been under max redemptions for over 1 year (2%/mo or 5%/qtr). These act differently from listed REITs.
No one knows when the CRE would bottom and turnaround, but it should one day. All the bad stuff is known - more people working from homes; major city downtowns being hollowed out by crime; property sector disasters in China, etc.
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Post by steadyeddy on Nov 9, 2023 23:21:14 GMT
Tides turn faster than one could think. If you do not have immediate need for the money in VNQ/VNQI you should leave it alone. 2024 could/would be a very different year than 2022 and 2023.
I have muni CEFs in a similar boat, but I am letting them ride with monthly tax-free income. No guarantee that I would ever get my principal back.
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Post by mnfish on Nov 10, 2023 13:13:27 GMT
2024 could/would be a very different year than 2022 and 2023 2024 has every sign of being worse than 2023 in RE. Both funds score low in Lipper ratings for Total Return, Consistent Return, Preservation. The inconsistency of VNQI dividends is something to behold. I've held VNQ twice since first buying in 2018. I sold those shares in 2019 and bought again in March 2020 and sold those shares in Nov 2021 and never looked back. I would probably buy some more VNQI here if I already held it and try wait to try and get the total holding back to even (maybe $50) and then sell it for good. |
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mikes425
Commander
generally happy in semi-retirement and dividend income-land
Posts: 126
|
Post by mikes425 on Nov 10, 2023 14:05:30 GMT
2024 could/would be a very different year than 2022 and 2023
Both funds score low in Lipper ratings for Total Return, Consistent Return, Preservation. The inconsistency of VNQI dividends is something to behold.
I've held VNQ twice since first buying in 2018. I sold those shares in 2019 and bought again in March 2020 and sold those shares in Nov 2021 and never looked back.
I would probably buy some more VNQI here if I already held it and try wait to try and get the total holding back to even (maybe $50) and then sell it for good.<<
Mm. Bleak forecast. Fortunately relatively small percentages of these but with 31 to 35% losses, Collectively down about $25k… not sure why i would want to buy more if i were to plan to try and break even. I’d rather reallocate whats left of it in something that has a faster potential to recover the losses. (But then…what would THAT be?) Doesnt look like the divs are anything special or stand to turn around for years. |
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Post by fritzo489 on Nov 10, 2023 14:26:42 GMT
mikes425, Good morning. To my way of thinking , with what info you provided,keep TLH going. I'm in the same position with two funds down about $10K combined. One I doubled up on while falling & got cut, although not to badly as a rather small holding. Let me (us) know what you decide on. One thought I've had concerning myself, sell both & take a 10 yr T-note or shorter. Thus get more return than waiting for an up tick, which may never come.
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Post by mnfish on Nov 12, 2023 14:05:02 GMT
not sure why i would want to buy more if i were to plan to try and break even. Own 100sh at $60 - Buy 100sh at $40 - Avg price $50 - Sell at $50 = break even VNQI seems to have spent a lot more time above $50 than below since inception Or Own 100sh at $60 - Sell 100sh at $40 = 33% loss which would require a 50% gain on something else to get to even Just my way of thinking |
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