Are you a gambling man (or woman, inserted for PCness)? Sometimes you win, but mostly, you lose. The odds are stacked up against you, with the exception of those gifted few that have the ability to count cards. Are you one of those gifted few? If so, do you need a new friend? Anyway, I wish I could say that I am one of those lucky people but unfortunately I am not, so, like the rest of you, I have to try my luck when, and if, I gamble. Call me conservative, but in order to lessen my risk of losing money I try to play the best odds I can. High stakes is just not for me, usually. Also, if I see a slot machine that someone is constantly losing their money on I avoid it like the plague.
I now find myself relating things in life to gambling and slot machines, kind of weird, but I think it fits a lot of scenarios, especially that whole “Greece thing.” It’s like a slot machine that the EU keeps putting money into, but they keep losing.
According to Reuters.com, “Since a three-month closing low on June 23, the UK blue-chip index has risen nearly 7 percent on relief that Greece looks likely to avoid defaulting on its debts.” Maybe the odds are getting a little better for Greece? Maybe it isn’t that terrible slot machine I thought it was.
“Britain’s FTSE 100 continued to rally as upbeat broker comments ignited interest in British Land and Aggreko. British Land climbed 2.2 percent as Deutsche Bank recommended investors to “buy” shares in the blue-chip real estate group in anticipation of strong net asset value (NAV) growth.”
Jonathan Jackson, head of equities at Killik & Co. said “UK Real Estate Investment Trusts (REITs) have performed strongly relative to the market, due to the favourable outlook for UK commercial property, particularly in London where demand remains resilient.” Hmm, this is sounding pretty good, right?
Investors do not seem so worried about UK commercial real estate even in the wake of that whole “Greece thing.” But maybe they should check their bets again. The “S&P warned Greece would likely be in default if it followed a debt rollover plan pushed by French banks…” This uncertainty is the reason that the UK benchmark FTSE 100 index for achieving more significant gains. Now that makes me worried again.
So, commercial real estate in the UK is doing pretty well in light of the tentatively impending doom that could be caused by a defaulting Greece. I don’t think that this bet is for me, but maybe you should check out investing in some of those UK REITs.
Once again, it just feels like Greece is one of those slot machines that no one can win at.
What do you think about investing in UK REITs and the whole “Greece thing.”
Source article by David Brett from Reuters.com
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