Real Estate Investing and 1031 Exchange Tips from Ricky Novak
Posted on 11. Mar, 2010 by jfreeman in How To Invest Your Money In 2010
Ricky Novak will be joining us for How To Invest Your Money in 2010 on March 27.
Ricky Novak is the President of Strategic 1031 Exchange Advisors, a consulting firm in Atlanta that specializes in 1031 exchange structuring for real estate investors and developers. Ricky also currently serves as Chair of the Board of Directors for the Atlanta Bar Association Real Estate Section for 2009 to 2010, as well as on the Board of Advisors for several Atlanta-based real estate developers or businesses. We’re happy to have Ricky as a speaker for March 27 event, and recently talked with him about real estate tax tips and investing advice for 2010.
Many speculate that the Fed will have to raise interest rates by late this summer or early next fall. Most of Ricky’s clients are real estate investors, so he advises them to be cautious about how rising interest rates could affect the cost of their investment properties.
The current economy altered the kinds of things Ricky emphasizes to his clients. The firm has been talking to their clients about re-evaluating their portfolios to really understand why they’re investing in real estate and adjust their investments accordingly. Whether real estate is a short-term or long-term investment for a client should also be considered.
“For the first time in a long time people are now looking at real estate as a long-term investment strategy. People before looked at it in the short term as a liquid asset, but people are now going back to the fundamentals of real estate,” Ricky said. “No matter how sophisticated or simple the investment is, whether it’s a single family rental home or a 1000-square-foot office space, make sure you can properly underwrite the property and make sure it’s a sound investment from the start.”
Ricky also talked about the tendency for real estate investors to overlook the benefits of a 1031 exchange. Understanding how the exchange allows investors to defer the potential taxation on the gain from a sale is something investors should look into. Above all, Ricky notes that 2010 is a transition year that will surely include lots of ups and downs. It’s a great time to reflect on where you are in your real estate portfolio, Ricky said, and have a strong long-term strategy with short-term goals within the plan.
Join Ricky Novak and other financial planning and tax advisors for a full day of investment advice. How To Invest Your Money in 2010 will be held at the Gwinnett Center in Duluth, Georgia. Buy your tickets now!
Investing Tips From Wes Moss, Capital Investment Advisors
Posted on 10. Mar, 2010 by jfreeman in How To Invest Your Money In 2010
Wes Moss will be speaking at How To Invest Your Money in 2010 on March 27, 2010.
Wes Moss, the executive Vice President/Chief Investment Strategist of Capital Investment Advisors (CIA) in Atlanta. Wes works directly with clients providing investment strategy and guidance to help them meet their financial objectives, and will be joining us for our How To Invest in 2010 event March 27. Wes talked about a column he wrote for the New York Daily News on 10 tips for creating an efficient money strategy in the new year, and shared more insight with us today on investing in 2010.
Q: The first point in your article is “don’t give up on stocks.” What advice do you have for people who have money in stocks?
A: Part of what I’ve talked about is that we’ve lived through a difficult period of time in equities, and the decade of the 2000s is the worst decade that we’ve lived through since the 1820s. It’s very frustrating. We’ve had very difficult periods of time where the S&P 500 has been taken back to same levels it was at in 1998. My message to investors is that profits for S&P profits were about $45 for overall earnings, current estimates for S&P will be about $75. The market’s at the same level back in 1998 but profits are up by nearly 60 percent. Don’t give up on stocks, because companies are actually relatively healthy.
Q: What should investors consider when looking at the possibility of investing in the global market?
A: Countries like Brazil and China have growth rates double or triple the U.S. on the margin. If that continues, that’s a good place to invest. I encourage people to cautious in these investments. Within your 401(k) plan most have an emerging market fund option and I think it’s tempting to put a lot of money into that. Some returns have made well over 100 percent returns, but you still don’t want to have 50 percent of your portfolio in those risks. A more conservative option would be to look at larger cap, multi-national companies that do business all over the world.
Wes also talked about the top mistakes he sees investors make: that many investors are overly concerned about always searching for the new “hot” investment, are always hoping to perfectly time the market, and don’t place enough emphasis on maximizing income production from current investments. One of his biggest recommendations he has for investors to create an “all-weather” asset allocation strategy that divides a person’s assets into the percentage of stocks, bonds and cash that a person can live with no matter how the market fluctuates.
For more tips from Wes Moss and advice from other experts, join us on March 27 in Duluth, Georgia for How To Invest Your Money in 2010.
Big Fat Financial Lies: Great Financial Advice Costs $$$$$
Posted on 23. Feb, 2010 by IlyceGlink in How To Invest Your Money In 2010
Some financial advisors charge a lot for their advice. But how much work are they really doing for the money you’re paying?
Most good financial advisors will give you a free initial consultation. They’ll get all of your information (which could be a 6-page questionnaire or longer, if they do it right) and then you’ll sit and talk about money.
It won’t be easy, because we all know it’s easier to talk about anything (food, sex, work, politics, bullies from kindergarten) than money. But, you’ll have some sort of conversation about your assets, cash on hand, budget, and investing philosophy.
Then, the financial planner will decide whether you fit neatly into the constructs he or she has created for his or her other clients or if your needs require a few tweaks. I’d venture to say that once the plan is set up, your planner doesn’t have to spend all that much time hanging out with you or even working with you. (more…)
How To Invest Your Money in 2010 – Here’s What You’ll Learn on March 27, 2010
Posted on 15. Feb, 2010 by IlyceGlink in How To Invest Your Money In 2010
We’ve been working on creating an outstanding day of information for those attending our latest Real World Seminars event, “How To Invest Your Money in 2010.”
Here’s a sneak peak at what’s coming up:
- State of the Economy – And why it, and an era of rising interest rates, matter to consumers and investors
- Goal Setting and Calculating Your Net Worth – If you don’t know where you want to go, we can’t help you figure out how much it will cost to get you there.
- Asset Allocation in a Volatile Stock Market – Should you shift around your asset allocation as you age?
- Tax Consequences of Investing – What you spend on taxes and on the costs of investing can really eat into your returns
- Stock Funds – Index, Managed Mutual, Exchange Traded Funds (ETFs), Lifestyle funds, and Other Places To Invest
- Bonds and Fixed Income Strategies – Bond funds and deciding whether buying bonds in an era of rising interest rates is a good idea or a one-way ticket to the poorhouse.
- Estate Planning Basics – How can you pass on what you have to those you love?
The Economy: How Today’s News Affects Investors
Posted on 15. Feb, 2010 by IlyceGlink in How To Invest Your Money In 2010
Each Sunday morning for the past seven years, I’ve hosted the “Ilyce Glink Show” on Newstalk 750 WSB/Atlanta.
Since the show’s inception, I’ve started each show discussing the economy. As we moved from boom to bust, my economic segments have focused on how today’s news affects investors and consumers.
The interesting thing about hosting a radio show is hearing what’s on my listener’s minds. They’re quick to call in and let me know whether they agree with what I’ve been saying or not. Their questions tell me what’s going on in their lives. (more…)
Fear Factor: Stocks, Bonds and Losing Principal
Posted on 28. Jan, 2010 by IlyceGlink in How To Invest Your Money In 2010
Let’s face it: the decade from 1999 to 2009 stunk for investors (and the economy in general).
It’s kind of a lost decade, with two recessions (including the worst recession in 70 years), millions of jobs lost, and a wipeout in the stock market. Not only did most investors lose whatever profit they had made by buying and holding, stocks, bonds, mutual funds or ETFs, many lost principal as well.
When it comes to investing, the fear factor is strong. It’s easy to be afraid when you watch all of your earnings melt away in a stock market crash. And if you’re in your 50s and 60s (or older) and were counting on that 401(k) cash to see you through your golden years, your stomach has probably been churning for months. (more…)
Stock Market Timing: Does It Ever Work?
Posted on 27. Jan, 2010 by IlyceGlink in How To Invest Your Money In 2010
I don’t know any serious investor who hasn’t, at one time or another, questioned whether he or she could time the stock market.
There are enough stock market “pros” out there, hawking newsletters and advice. While the better ones claim that no one can “time” the market, the timing of their newsletters make it seem as if they know something that you don’t.
Do they? Well, they probably know more about certain stocks or trends that they see. They may have researched companies, or sat in on company earnings conference calls. Perhaps they know people who work at a particular company (let’s hope they’re not trading on insider information). Or, perhaps they’re the ones making the market for a particular stock, buying and selling.
But no one, to the best of my knowledge, has been able to figure out how to time the stock market. And, I’ve never met anyone who could tell me what lottery tickets to buy for tomorrow’s drawing. (more…)
