Motley Fool Money What Real Estate and Stock Investors Have In Common
Jan 28, 2024
Dave Meyer, VP of Growth and Analytics at BiggerPockets and author of "Start with Strategy," shares his insights on real estate investing. He discusses the importance of creating a vision for your investing plan and aligning it with personal goals. Meyer tackles the pitfalls of 'HGTV disease' in home flipping and shares risk mitigation strategies for investors. He emphasizes the value of self-awareness in choosing investment styles and the necessity of strategic thinking for long-term success in both real estate and stock portfolios.
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Investing Vision
- Create a vision for your investing plan, considering your goals and values.
- This applies to any investment, whether it's stocks, real estate, or anything else.
Purpose of Wealth
- Wealth acquisition should be tied to a purpose.
- Knowing why you want wealth is as important as how you'll get it.
Holistic Portfolio View
- Consider your entire investment portfolio's risk and return, not just individual assets.
- Balance your portfolio, especially as it grows more complex.
