Avoid Being an Investment Collector
A successful investor has a written, logical investing plan, not just a collection of investments. Here are 6 principles for successful portfolio design.
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it’s key to know which approach to take and why you’re picking that option.
A successful investor has a written, logical investing plan, not just a collection of investments. Here are 6 principles for successful portfolio design.
Syndicated real estate deals are generally structured to have a down payment of around 1/3, and last 5-7 years. This maximizes cash flow, protecting it from taxes by the depreciation while still taking advantage of leverage and spreading the transaction costs over multiple years.
There is overwhelming evidence showing that active management does not work. So when interviewing potential advisors, here is the first question you need to ask.
You can minimize portfolio taxes without compromising the essence of your investment strategy. Unlike most forms of income, the timing of taxation on capital transactions is largely up to the investor.
Some things matter more than others when it comes to investing. In my view, the following are the most important factors in reaching your investing goals.
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There is no such thing as Portfolio Nirvana. My big beef with very conservative portfolios such as The All Weather Portfolio are that the expected returns are so low.
Why Bother with Bonds? Because stocks are volatile. The author has done investors a huge favor by compiling all this great information into one place.
High-quality investing information and advice is out there, but if you don't know how to recognize it, you're likely to fall prey to the far more common bad advice and drown in the sea of useless information.
529s do not make good retirement accounts. Use a taxable account invested in index funds instead and use your 529s for college.
Royalty-based lending is similar to peer-to-peer lending, except you have the collateral of a royalty-producing gas or oil income stream.
It's okay to use a good investment advisor. But make sure the advice is good and the price is fair. Hire them for the right reasons though.
Getting rich isn't complicated. Earn a lot, save a lot, and make your money earn more money. Use the Future Value function to predict your future.
Phil Demuth's the Affluent Investor is a treasure trove of little known facts about how the well to do should invest their money. Every doctor should read it.
Peer-to-Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
Charley Ellis, one of the good guys in the investing world, wrote Winning the Loser's Game. If you don't know why active mutual funds suck, read this book.
Medical school may not have taught you about money, but we will.
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