I am 32 years old, lost my dad about half a year ago and I am going to receive some money soon. Would it be smart to grow my money in stocks for a few years while I am in business school and then invest in rental properties afterwards, or should I go for real estate investing first?
Very sorry for your loss. As she had just said, consult a financial expert (and in the case of rentals would be worth contacting some landlords to get an idea what's involved in running rentals. Many people think of rentals as "passive I come" and underestimate the work involved (even with a management agency), not to mention if a tenant stops paying or major repairs occur. A lot to think about!)
I agree, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me achieve early retirement.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
Sure you can! Melissa Elise Robinson is the NY-based advisor I work with. Just search the name. You’d find necessary details to work with to set up an appointment.
You go to say that the statement “you are the mean of the 5 people you spend the most time with” is false and then proceed to validate it by saying network ???
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I am 32 years old, lost my dad about half a year ago and I am going to receive some money soon. Would it be smart to grow my money in stocks for a few years while I am in business school and then invest in rental properties afterwards, or should I go for real estate investing first?
i would advise the counsel of a seasoned financial pro. It may seem expensive, but as the old saying goes - "you get what you pay for"
Very sorry for your loss. As she had just said, consult a financial expert (and in the case of rentals would be worth contacting some landlords to get an idea what's involved in running rentals. Many people think of rentals as "passive I come" and underestimate the work involved (even with a management agency), not to mention if a tenant stops paying or major repairs occur. A lot to think about!)
I agree, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me achieve early retirement.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
Sure you can! Melissa Elise Robinson is the NY-based advisor I work with. Just search the name. You’d find necessary details to work with to set up an appointment.
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You go to say that the statement “you are the mean of the 5 people you spend the most time with” is false and then proceed to validate it by saying network ???
When did you hear that’s false?
Networking is meeting new people, having people who you can learn from.
Joke In finland. 😊
🤣