Some investment brokers are not as above board as they lead investors to believe. They use convoluted contracts to bilk their mutual fund investors out of what amounts to millions of dollars each year. The mutual funds they tell the client is such a great bargain turns out to be a financial drain the is not worth the money invested in it. They have back-end loads that are costly and also a lot of hidden fees. Most of these only make money for the broker that manages the fund. Your profit goes to pay mostly brokerage cost and fees.
Does this sound familiar? I have lost thousands of dollars or more in the markets and I was investing through a reputable broker or financial expert. I made this statement around the year 2000 after firing my 3rd broker on three years. After all the lying, arrogance, misrepresentation and down right dishonesty, I was through with brokers and brokerage firms. They had unwittingly given me the tools that I needed to take control of my own portfolio and out perform any result that I ever achieved with a brokerage firm.
Going back to my Investment opportunities – he was looking for a few percentage points more per year. While he did have a valid point that even 2-3% per year compounded adds up over time, he was overlooking the core fundamentals of good investing. He was already getting a nice, double digit return with us. He was getting good tax benefits for that investment. He was also able to invest with a company that he could talk to the owners, get updated financial information and have 100% transparency (something he would have never gotten with another investment). In short, he was winning big by investing with me.
Put aside a few hours every week (or day, month depends how much time you want to invest) and focus on your investments. These hours are designated to analyze the economy and sectors that interest you and find an array of Investment opportunities you like.
Buy / Sell Cost is the amount that you will spend for all of the process of buying and selling the property. When you buy, this includes the escrow fee, the loan origination or points for your loan, inspection fees, title insurance or fees, taxes, etc. When you sell, many of these same fees may apply plus you may need to pay commissions.
For example, you might see your daily musings on your blog as just everyday recollections; but to others, you might have the potential to become the next J.K Rowling or the next John Grisham.
Finally, the future is as, or perhaps more, unpredictable and volatile than the market for investments. With the year on increase in inflation and population, the thought of investing in it may very well supersede the thought of saving money in the bank. After all that is said and done, investing in it is a very lucrative investment opportunity – in spite of the risks involved.
Getting an investment loan property is your best option to provide the needs for your property. Make sure it is secure and there are no hassles in the near future.