HOW TO PLAY IT
you want growth in your portfolio? Get it from trees. timber barons get to treat their profits from harvesting wood as low-taxed capital gains. that cushy deal extends to shareholders in forest-product companies organized as real estate investment trusts. Potlatch, for example, paid out $1.53 a share last year, all of it classified as long-term gain. when it completes a pending acquisition, this reit will have 1.9 million acres of timberland and ample opportunity to make that dividend greener. Rayonier, another tree reit, owns, leases or manages 2.7 million acres. its $1 dividend last year was 100% capital gain.