You've no doubt seen them or read them. Glossy ads or four-color propagates in magazines and newspapers promising to show you every one of the juicy information regarding successful real-estate investing. And all you need to do to learn all these real est investing surface encounters chuck russo secrets is to pay a rather high sum for a one-or two-day seminar.
Often these slick real-estate investing seminars claim you could make intelligent, profitable real-estate investments with zero money lower (other than, of course, the significant fee you buy the workshop). Now, how attractive is in which? Make a profit from real est investments you made with no cash. Possible? Not probably.
Successful investment requires cash flow. That's the character of any kind of business or perhaps investment, especially real estate investing. You put your hard earned money into something which you wish and plan can make you additional money.
Unfortunately not enough newbies towards the world of property investing believe it's a magical kind of business exactly where standard enterprise rules do not apply. Simply place, if you want to stay in real-estate investing for a lot more than, say, a evening or 2, then you're going to have to generate money to use and make investments.
While it could be true that buying real-estate with no money down is straightforward, anyone who's even made a fundamental investment (like buying their own home) understands there's far more involved in real estate investing that will set you back money. For instance, what concerning any necessary repairs?
So, the primary rule people not used to real property investing should remember is to have available cash supplies. Before you choose to actually perform any real-estate investing, save some funds. Having just a little money in the bank once you begin real property investing surface encounters chuck russo can help you make more profitable real estate investments in rental properties, for example.
When real estate investing in rental qualities, you'll want every single child select only qualified tenants. If you might have no cash flow when real-estate investing within rental properties, you could be pressured to take in a a smaller amount qualified tenant because you need somebody to pay you money so that you can take attention of repairs or lawyer fees.
For almost any real property investing, meaning leasing properties or even properties you buy to sell, having cash reserved can allow you to ask to get a higher value. You can request a greater price from the real estate investment because an individual surface encounters chuck russo won't feel financially strapped as you wait for an offer. You won't be backed into a corner and forced to accept just any offer because you desperately need the money.
Another downfall of numerous new to real estate investing will be, well, greed. Make any profit, yes, but don't become thus greedy that you ask for ridiculous rental or resale rates on any of your real estate investments.
Those not used to real property investing need to see real estate investing like a business, NOT an interest. Don't think that real estate investing is going to make you abundant overnight. What enterprise does?
It requires about half a year to figure out if real-estate investing in for you. If you have decided in which, hey I enjoy this, then offer yourself many years to truly start earning money. It typically takes at minimum five years to become truly productive in property investing.
Persistence may be the key to be able to success in real-estate investing. If you have decided that property investing is perfect for you, surface encounters chuck russo keep plugging away at it and the rewards will be greater than you imagined.
You wouldn't think Apple and Indonesia have much in common. On the surface, they don't, but they can still teach you a lot about investing. Let's start with Apple.
Apple made the news recently with two major events. It is locked in a battle with Exxon over which is the most valuable company by market capitalization -- a remarkable turnaround. Apple has a market value of over $344 billion. Then Steve Jobs announced his resignation at Chief Operating Officer for health related reasons.
According to a thoughtful blog by Weston Wellington of Dimensional Fund Advisors (not available online), it was not so long ago that the financial media was trashing Apple. In February 14, 2005, Robert Barker, in an article in BusinessWeek stated "...Apple doesn't tempt me..." I wonder what did. Maybe Lehman or Bear Stearns!
Steven Gandel weighed in with an article in Money on March 24, 2004. He quoted Transamerica portfolio manager Chris Bonavico who opined that Apple stock is "...crap from an investor standpoint."
Many analysts credit the remarkable sales of its Apples Stores as the key to Apple's success. In a quote attributed to David Goldstein, Channel Marketing Corp, which appeared in an article in BusinessWeek on May 21, 2001, Mr. Goldstein gave Apple "two years before they're turning out the lights on a very painful and expensive mistake."
What can you learn from these comments about Apple stock? Read the financial media if you find it entertaining. It's useless (and potentially harmful) as a source of reliable financial advice.
What about Indonesia?
The financial media was preoccupied with the downgrade by Standard & Poor's of the credit rating of the U.S, which lowered its rating from AAA status to AA plus. The new rating places the U.S. below the United Kingdom, Canada and even the Isle of Man.
Many investors viewed the lower rating with alarm and considered it a precursor of low stock returns for decades to come. The data tells a much different story, and may indicate there is no better time to invest in U.S. stocks and bonds.
In another blog, Wellington notes that Standard & Poor's rated the credit of Indonesia a "B" in July, 2001, which placed it in the "junk" category. Over the past decade, its credit rating has never risen to investment grade.
Investors in the Jakarta Composite have earned a total return of a whopping 29% per year over the last decade, ending June 30, 2011. According to Wellington, "If the Dow Jones Average had kept pace with Indonesian stocks over the past decade, it would be over 104,000 today."
Here's the lesson to be learned from Indonesia: A low (or reduced) credit rating on sovereign debt does not necessarily correlate to lower stock market returns. This is the opposite of what many investors and financial talking heads believe.
Most investors get their financial information from the financial media or brokers. As Dr. Phil would say: How is that working for you?
Dan Solin is a Senior Vice President of Index Funds Advisors (ifa.com). He is the author of the New York Times best sellers The Smartest Investment Book You'll Ever Read, The Smartest 401(k) Book You'll Ever Read, and The Smartest Retirement Book You'll Ever Read. His new book, The Smartest Portfolio You'll Ever Own, will be released in September, 2011. The views set forth in this blog are the opinions of the author alone and may not represent the views of any firm or entity with whom he is affiliated. The data, information, and content on this blog are for information, education, and non-commercial purposes only. Returns from index funds do not represent the performance of any investment advisory firm. The information on this blog does not involve the rendering of personalized investment advice and is limited to the dissemination of opinions on investing. No reader should construe these opinions as an offer of advisory services. Readers who require investment advice should retain the services of a competent investment professional. The information on this blog is not an offer to buy or sell, or a solicitation of any offer to buy or sell any securities or class of securities mentioned herein. Furthermore, the information on this blog should not be construed as an offer of advisory services. Please note that the author does not recommend specific securities nor is he responsible for comments made by persons posting on this blog.
D I V O R C E the Fed.
Now. Uncontested. Just cut the ties that bind us to the slavery.
but then the idiots in congress, and the "Current Resident" on 1600 Penn Ave, would have full control, in which case, the skids would be greased even more. Well, that might not be entirely true, since most of those bastards are nothing but mere marionettes, with their strings being yanked at every move, by the likes of soros et al, you know the ones ...."new world order" lovers who are aiding in the dismantling of the once Great US, and serving it piece by piece to china, however, the same zealous ideologues and true enemies of the US, fail to notice that that marvel called EU is crapping out, approaching the full blow-out point, at which time most of their 'contents' gleefully ingested as ingredients of the delicious EU, will be excreted, and when the end result will hit the proverbial fan .... duck and cover.
Unfortunately, what Gross has become is a splendid specimen of the 'grownup hippies' who in the 60's and 70s were raising hell, in the name of a better America, while now, a decent number of them, to varying degrees, having become 'fat cats', forgot how they were able to amass their fortunes, and instead of uniting and contributing however possible to returning the country on the path to prosperity, are now, continuing to chase an easy buck, by financing our adversaries, and most likely our enemies, based on their propaganda they already consider us their enemy - all to the detriment of the quality of life during the 'golden years' for some of us, as well as the quality of life (or lack thereof) for our children and future generations.
Once Heli-Ben got rates to 4% yet the economy continued its tanking trajectory, the politicians should have pulled their heads out of their asses, and begin serious work on policy intervention aimed entirely at rebuilding the domestic manufacturing base, which is all but gone, as well as ensuring that any fed provided liquidity remains 100% - or close to it - in the US.
Given the facts revealed by the Bloomberg recently released Fed back-door loans, makes me wonder if Uncle Ben himself is not among the facilitators of the "new world order"?!
So me thinks anyway.
Duck 'n cover everyone.
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