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Unlike most other REITs, HCP (and the similar VTR) have short-term contracts/mortgages/etc. that make it less susceptible to getting whacked when bond/mortgage rates rise.
Additionally, it rebounded MUCH faster from the 2008-9 crash than most REITs and is up 16% this year (including dividends). It and Ventas (VTR) are the gorillas or healthcare REITs, though they have a slightly different makeup of types of medical properties. Ventas (VTR) is also a great REIT. It pays a dividend 1% less than HCP but there's a way around that:
Both HCP and VTR have no-purchase-fee stock DRIPs administered by Well's Fargo's shareowneronline.com. You can join without previously owning a share as some DRIPs require. And VTR's DRIP gives you a 1% discount from the market price for buying shares through the DRIP, which rectifies the 1% lower dividend than HCP. HCP requires $100 min investments and I think VTR requires $250, but they come with no fees and you can set up automatic monthly investments, so you don't have to save up a couple thousand before buying in order to avoid a high percentage going to broker's fees.
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Apple has a new entry in the cell phone wars. But how often do you buy a new phone?
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- As soon as one comes out. I'm an early adopter.
- Every year. I need to keep up.
- Every two to three years, when my contract allows.
- If it's not broken, who needs a new phone?