Log in to your brokerage account... Call your broker... Request a plan prospectus from your pension administrator... Jump online and review the holdings in your "target retirement" funds, ETFs, variable annuities...
Do whatever it takes to find out - today - how much exposure you have to real estate investment trusts (REITs), and mortgage REITs in particular.
Then get rid of as many of them as you can.
The Market Vectors Mortgage REIT ETF (MORT) is down 24% in less than five months. And a number of its components are down more than 30%.
But it's going to get worse. A lot worse. And that's why I'm issuing a warning, because practically every "properly diversified" portfolio in America cashes these REIT checks.
Many people depend on them.
This is dangerous, especially when two of the most widely held mortgage REITs also happen to be two of the worst.
To be sure, aside from the one (big) exception you'll see today, a longtime high-yield darling is about to get crushed...
Best real estate investments now