[sgbuffett]

DAIWA HOUSE LOG TRUST IPO - Good BUY or Good Bye ?

As an investment I think it is so so neither here nor there.
But I wouldn't take an "overvaluation risk" with my money.
REITS and trusts are best bought when opportinity to scoop up cheap arises and lock on to high yields.

In absence of such an opportunitues one can just wait.
Reits cannot take off like growth stocks as they are purchased for yield.

Having said there a number of popular reits like parkway are push up to beyond a level that makes sense as the yield falls when this happens.

Some like First Reits and Eargke have imploded which also tells us of the risks.

A smarter strategy would be to buy low due to external events and lock in high yields.

We had chance to buy many reits last yr in March. And later that Yr hospitality reits when trevel curbs imposed.