Initiated Timber Exposure 20120706
Posted by ReasonablyThinking under Uncategorized | Tags: PCL
, real asset
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Today, I purchased 50 shares of WOOD at $37.26. This real asset is a core holding.
The appeal of timber is that it is a commodity producing asset, which can be harvested when chosen, and it can be replanted. Before today, I had zero exposure to timber.
By diversifying with the WOOD exchange traded fund, I avoid company specific risks (even though I don’t expect them) from the major players Rayonier RYN, Weyerhaeuser WY, and Plum Creek Timber PCL.