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Back in late October, the U.S. Federal Reserve cut rates for the third time in 2019. For investors looking to grow their money in savings accounts like they could back when rates were higher, they're now out of luck.
Fortunately, lower rates are creating opportunities for income elsewhere in the market. In fact, one of the top REITs is about to skyrocket.
Shortly after the Fed's FOMC meeting on Oct. 30, the central bank said the public shouldn't anticipate rate increases anytime soon.
Now that the Fed's new policy has been enacted, everyday folks will need to change how they generate passive income.
But investing in real estate investment trusts (REITs) can offer you income and upside you won't find in a savings account or traditional stock.
If you pick the right REIT, its share price could beat the broader market and create greater gains. Furthermore, a REIT with a high yield will pay you a steady income that you can either bank or reinvest.
The Best REIT to Buy for 2020: Our top REIT pick could climb to five times its current price – and these shares yield a solid 7.9%, too. Get the pick now…
Oftentimes, that income can double or triple the bond market rates at any given moment. The best REITs to buy have remained stable or increased in value while the rest of the market reacted negatively to the rate cuts.
So, if you're an income-seeking investor and you haven't added REITs to your portfolio, you should invest in them now.
But how do you know which REITs are winners and which REITs are losers? That's where Money Morning comes in.
We've found one stable REIT that offers income-producing gains in a market where investors are looking high and low for great yields – and it's from an up-and-coming sector that's bound to explode…
Our REIT to Watch Is Likely to Have a Growing Dividend
One of the top growth sectors right now is food delivery.
Many new offerings in this niche sector are looking to capitalize on consumers' desire to have their food and groceries delivered right to them. They want convenience and speed after a hard day. Even if they want to cook, they'd prefer the ingredients to be delivered.
That's one of the reasons retail giant Amazon.com Inc. (NASDAQ: AMZN) bought grocer and prepared food company Whole Foods Market.
Food delivery only works if you have an extensive warehouse network specially made for cold storage. That's where our top REIT to invest in comes into play…