Added HOMZ To My Personal Portfolio

Here are just a few observations on my thought process.

In August, 2019, I was among the first ETF-focused authors to review a recently-introduced ETF from Hoya Capital Real Estate, a research-focused investment advisor with expertise in real estate securities.

Recently, my good friend David Dierking reached out to me. Dave and I have been fellow authors on Seeking Alpha for the past several years. Recently, however, Dave was named Editor for the ETF Focus section at TheStreet.com. He inquired as to whether I might be interested in occasionally contributing to the site.

I decided to take Dave up on his offer. But what to write about? I decided, for my first article for TheStreet.com, to revisit HOMZ. After all, it has been two years.

And so I did. Here’s a link to the article. 

Putting My Money Where My Mouth Is

In the article, I featured my current personal situation, and how HOMZ might fit in nicely with my needs.

But here’s just a little more food for thought. In addition to the links provided in the article, here’s another one that caught my eye during the course of my research. I might add that this was just one of many articles I found that featured the same basic concept. Namely, that if one is concerned about elevated valuations in the stock market, but at the same time also worried that, as Ray Dalio has famously stated; “Cash is trash” and “The economics of investing in bonds . . . has become stupid.,” residential real estate appears to offer solid potential.

Clearly, I can’t, and don’t, add every single ETF I review to my personal portfolio. However, the more I reflected on what I discovered while reviewing HOMZ, the more I felt that it made sense for me personally.

And so, this morning, I added shares in HOMZ to my personal portfolio. Now, I did so cautiously. Essentially, I sold one-fourth of my holdings in Vanguard Real Estate ETF (VNQ) and added the equivalent dollar amount in HOMZ.

As a result, my overall allocation to real estate remains the same, at least at present. I’ve simply split it up a little differently. I plan to watch how events unfold and make future decisions from there.

Well, that’s all for today. I hope this little note has been of some interest, and I look forward to sharing more in my next note.

Until then, I wish you . . .

Happy investing!