I love a good heckler. Hecklers force you to have
Here’s the question: Are physical assets a burden or a benefit?
In truth they are both.
Physical assets can be a wonderful contributor to your personal wealth. They can also drain your resources trying to keep them afloat.
Anyone that knows me, know I’m a HUGE fan of income
For all it’s benefits, there’s a nasty side of real estate also. Just the idea of it makes people think you’re wealthy when you may not be. It can make you a target for people to try to measure the size of your wallet. And…let us not forget the on-going maintenance costs. Taxes, insurance, utilities, etc.
If the on-going costs are not managed correctly, you can eat up all your capital just trying to stay in the game.
Liquidity is the name of the game no matter what you choose to invest in. Stocks, bonds and mutual funds allow you to diversify risk in exchange for a lack of control. Want to make the new MacBook keyboard shoot ocean blue lasers with each key stroke? Try calling Apple and telling them you’re a shareholder so they should take your advice. See how far you get with that.
Paper assets require their own on-going costs in the form of transaction fees and account maintenance fees.
What’s the point?
There’s no free lunch in this world. To be an investor is to recognize the costs of doing business and evaluate if the benefits exceed the expenses in your mind and for your goals.
We’re here to help you become your own money manager, not to tell you what to do. But if you’d like an opinion or two along the way, we’ll be happy to help.