During the last Great Recession in 2007, Im sure that many people came to believe that investing was risky as they watched their stock portfolios tumble. The reality is that most people dont have a true investment plan. Instead, they work hard and hand over their money to an expert who invests it in some mutual funds, stocks, and bonds. The problem is that these types of investments leave you very little control. You are at the mercy of the markets and managers. That is a position of risk. Successful investors, on the other hand, strive for as much control as possible when it comes to their investments. That is why I invest in rental business where I have decision making power, and it is why I love real estate. In both cases, I have a lot of control over what happens with my investment. In other words I have control over the income, expenses, and debt of my properties. Not as subject to the fluctuations of the markets. A cash-flowing property is not subject to the daily ups and downs of the markets. It is typically a long-term play. A down real estate market can actually be the best time to buy. I have tax advantages. Depreciation is an annual deduction that is a percentage of the value of the property that I can write off as an expense against revenues. Moving from a position of risk to a position of security when it comes to investing takes financial education and practice. I encourage you today to take an honest look at your investment position and to take the steps necessary to gain training, control, and knowledge. It will be one of the wisest decisions you can make.
Posted on: Thu, 22 Jan 2015 03:56:46 +0000
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