Explore the benefits of private real estate funds compared to publicly traded REITs, especially for high-income professionals. Discover strategies for navigating financial conflicts in medicine, including ethical dilemmas faced by medical professionals. Learn how to handle unexpected financial windfalls and the essential discussions around debt repayment. Additionally, delve into the importance of financial education for children and the nuances of term life insurance policies to secure a family's future.
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insights INSIGHT
REITs Offer Moderate Diversification
Publicly traded REITs provide moderate diversification with a correlation of 0.46 to the stock market.
They are more volatile and influenced by stock market whims compared to direct real estate investments.
insights INSIGHT
Real Estate Volatility Hidden
Real estate values fluctuate daily but their volatility is hidden due to infrequent market pricing.
Illiquidity in real estate can command a premium, offering higher returns for investors willing to sacrifice liquidity.
volunteer_activism ADVICE
Choose Real Estate Funds
Prefer real estate funds to reduce time spent selecting individual loans and to increase diversification.
Funds often provide easier liquidity and hassle-free management compared to individual crowdfunded loans.
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This book, fully updated to include topics like cryptocurrency, NFTs, Robinhood, GameStop, the after-effects of COVID, and climate change's impact on investing, offers sensible and understandable tips on personal finance. Andrew Tobias emphasizes the importance of frugality, budgeting, and long-term investing through low-cost index funds. The book advises readers to avoid get-rich-quick schemes, reduce spending, and make smart financial decisions to achieve financial security. It also covers various aspects such as tax strategies, family planning, and the risks associated with different investment options.
Over the years, I’ve invested across the entire spectrum of real estate investments, from owning and managing an individual property and its tenant to buying and holding a REIT index fund. This has included investments with half a dozen crowdfunding sites, some individual syndicated investments bought directly from the syndicator and private real estate funds. Over time, I’ve gravitated more and more toward the real estate funds. In this episode I discuss the reasons why.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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