NexusFi: Find Your Edge


Home Menu

 





An alternative place to store your money with a 483% return...


Discussion in Traders Hideout

Updated
    1. trending_up 748 views
    2. thumb_up 1 thanks given
    3. group 0 followers
    1. forum 0 posts
    2. attach_file 0 attachments




 
Search this Thread

An alternative place to store your money with a 483% return...

  #1 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

The number one alternative investment according to Bloomberg Markets is … storage space. Yes, you read that correctly.

According to the magazine’s annual ranking of alternative and exotic investments, storage units (specifically storage facility REITs) have been having a great few years.

Storage REITs such as Extra Space (EXR), Public Storage (PSA), CubeSmart (CUBE) and Sovran Self Storage (SSS) have seen gains between 142% and 483% in the past five years. Storage as a category has returned 101% from 2008 through 2011, outperforming all other REIT categories. There are now 52,000 storage properties in the United States, up from just under 20,000 in 1990. Nearly 11 million Americans rent storage units each year.

“Homeownership in the U.S. is at its lowest point in 19 years,” says Devin Banerjee, U.S. investing reporter at Bloomberg News, "and people aren’t upsizing [moving into larger homes] as much as they used to. if you’re not upsizing, then you need a place to put all of that stuff. You’re going into storage.”

Now that the economy seems headed toward recovery, however, it may be too late to get in on these gains.

“There are some warnings signs across the markets," he says. “The industry is consolidating, these large players are going into small towns, trying to expand geographically and acquiring local players."

“There’s a lack of new supply,” when it comes to storage space, Banerjee adds.

https://finance.yahoo.com/news/the-number-one-alternative-investment--storage-space-164102530.html?l=1

Started this thread Reply With Quote
Thanked by:




Last Updated on August 11, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts