Sorrid: What looks to be overwhelming can be broken down into a series of steps. All you really want to try to do is understand the real estate in your area, righty? You're not looking in the entire city of denver. You're looking just in boulder. And further, you're bringing it in even tighter to just the downtown area of older real estate. I mean, you've just kind of gone through this with your place. It's much easier to get your head around than trying to figure out real estate in america, or real estate in denver, right? Or even real estate and boulder, absolutely.
If you think that because real estate lets you leverage your investment, then the rate of return is much higher than investing in a business, and is, therefore a better place for beginner investors to put their money, think again. This is a commonly held idea that can be completely mistaken.
Phil and other expert investors – including Warren Buffett – have owned real estate. From subdivisions to large farms, apartments, commercial property, and single-family homes, if you assess it’s valuable for your investing goals, real estate could be a good option for you.
This week on InvestED, in an episode from The Vault, Danielle and Phil discuss whether or not it’s possible to make real estate a beneficial component of a high-performing financial portfolio.
Learn more about following the Rule #1 method of successful investing! Click here to download your copy of Phil’s Value Investing Cheat Sheet: https://bit.ly/3qBJfxU
Resources Discussed:
Topics Discussed:
- Rule #1 Investing
- Real Estate Investing
- Warren Buffet Berkshire Hathaway Letters
- Risk Management
- Skuttlebutt
- All-Weather Portfolio
For show notes and more information visit www.investedpodcast.com
Learn more about your ad choices. Visit megaphone.fm/adchoices