Financial advisors have long touted the 60/40 portfolio as the silver bullet to managing retirees’ portfolios. By investing 60% of investable assets in stocks and 40% in bonds, historically, this portfolio construction has achieved diversification, volatility reduction, and solid appreciation. The ultimate goal, of course, is ensuring said portfolio will provide for an enjoyable lifestyle, […]
You hear the phrase “Cash is king” quite a bit in the finance world. I don’t agree – whether you are concerned about inflation or not, having your money in cash is not the most efficient use of your capital. I prefer “Cash flow is king”. That is why I buy real assets that produce reliable cash […]
Real Estate Investment Trusts (i.e. REITs) are among the best passive income vehicles due to their income tax exempt status and the requirement that they pass on at least 90% of their taxable income to shareholders. Due to their significantly reduced tax burden combined with the mandated high payout ratio, Real Estate Investment Trusts tend […]
The cash flow metrics of multifamily syndications are usually the ones that get the most attention from passive investors. In my first syndication investments, I rarely looked at any of the other numbers as long as I knew, liked, and trusted the sponsor and vetted the location of the asset. In the Left Field Investor’s […]
Do you ever ponder how you could replace your salary from your day job, or become less reliant on it, so you could focus more on the things that matter to you? One of the biggest mistakes people make is being dependent on only one source of income – their job. Similar to how insurance […]
Most of the time spent on a passive investment decision occurs before you make the investment; however, there are many important actions to take after you have decided to invest in a deal as a limited partner. It is easy to get excited about doing the next deal, but before you do the next deal, […]
Why do we invest? It’s not a trick question. To make money of course! Hopefully enough money that someday we have what we need to live a comfortable retirement. What I find interesting, though, is the lack of control most investors accept when they make an investment. Maybe due diligence was performed, fundamentals were understood, […]
Because of my role at Left Field Investors, I speak to a lot of people who are new to syndications, and one of the most common questions I get is “Why isn’t everyone doing this?” It’s an appropriate question to ask as they hear for the first time that the typical syndication might pay you […]
Storage is a local business. Oftentimes, you hear people talk about the 3-mile radius of a storage facility. What they are talking about is the local demand area for that storage business. Now the radius for the property could be 4-miles, 5-miles, or even 10-miles depending on where the property is located. Heck, in Manhattan […]
Before I invest, I’m always thinking about how a particular investment will hold up during the next crisis, whatever it may be. We all know the crisis is coming; we just don’t know when or what form it will take. It’s not often that I make an investment that, in short order, gets tested by […]