Date: Thu, 16 Nov 2006 16:09:35 -0600
From: "Elle" 
Newsgroups: misc.invest.financial-plan
Subject: Allocation for Income: Electric Utilities v. REITs
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I have been examining electric utilities and REITs in recent 
years. I currently hold several such stock positions. The 
utility and REIT positions I hold are all designated 'for 
immediate, personal income' within my portfolio; I do not 
reinvest their dividends. At the moment, I am inclined to 
give up my electric utilities and ultimately put more into 
REITs (or possibly carefully selected large value 
companies), because (1) the dividend achievement of electric 
utilities is not as good as that I can get from older REITs; 
and (2) REIT share price seems to grow more over long time 
periods. Dividend yield from each (electric utilities and 
older REITs) is very comparable.

Older REITs do seem to keep up quite a bit better with the 
S&P 500 over, say, 20 year time periods. I would welcome 
comments explaining this apparent general trend (REITs 
outpacing electric utilities), bearing in mind that I am 
investing for (1) income that keeps up with inflation and 
(2) growth of principal that will outpace inflation, all 
over the long term of 30 years or so.