Are you sick and tired of the stock market roller coaster and want to change your investment portfolio? You’re not alone. Millions of people are unhappily married to their investment portfolio, and there’s a good chance you are as well if the stock market has been your primary focus. But don’t consider yourself doomed to a retirement spent greeting customers and wiping down carts at Wal-Mart just yet. There’s still hope. First of all, we’d like to clarify a matter before anyone gets bent out of shape by our retailer reference. There is absolutely nothing wrong with spending a few hours every day saying “hi” to complete strangers to augment income. No one is a greater proponent of the dignity of work than Heroic Investing.
But would you choose to spend your Golden Years listening to the repetitive WHOOSH of pneumatic doors if you didn’t have to? Aren’t there other activities you’d rather be doing? If not, our apologies and go with our blessing. However, let’s just for the sake of giggles assume that you would rather stick your favorite hand in a juicer and press “start” than face the prospect of having to switch to punching a time clock when you’re done with your career.
If you know you need an investment portfolio overhaul, here’s what to do.
Don’t throw out the baby with the bath water
As tempting as it might be to immediately liquidate your entire Wall Street inventory of stocks, bonds and mutual funds in one fell swoop, don’t do it. You must resist this urge, regardless of how bad a financial beating you’re taking. When you sell everything at once, there’s a good chance you’re going to be exiting at the absolute worst time for at least a portion of your holdings.
You had a plan for selling when you went into the stock market, right? Follow the plan, only with an eye towards cashing out at opportune moments along the way. The market’s up, the market’s down, the market’s sideways. Don’t try to anticipate it. Just go with the flow and slowly work yourself out. Don’t worry if it takes a few years. In fact, you might always want to keep a percentage of your investment portfolio in stocks and related assets, but you’ve got to stop thinking of it as your bread and butter because there’s a good chance your profits have been and are going to continue to disappear through market churn and broker fees and commissions.
Learn The Complete Solution for Real Estate Investors
We’re furthermore going to assume that you have been putting aside a percentage of your monthly paycheck for stock market investments, either on your own or through some sort of retirement or pension plan. Here’s our advice. Stop doing that and do whatever you have to to begin rerouting your monthly savings into a fund that will be used to buy income producing properties. Going forward, you should expect this to become the real source of your retirement money and the strategy that is likely to save you from Wally World.
But we don’t suggest you simply up and buy the first investment property you come across. Trust us, there are plenty ways to screw up real estate investing and a growing property portfolio isn’t going to happen by accident. You need to spend time boning up on the process of choosing an appropriate piece of real estate that is going to cash flow and grow in value over the years. Then another. Then another. Get the idea? We could spend the next few paragraphs wasting a few minutes of your life extolling the virtues of Jason Hartman’s Complete Solution for Real Estate Investors, or we could just tell you it’s the best real estate education online. Period. And it’s free.
Don’t wait to buy real estate
Now that we’ve mentioned the name, real estate innovator Jason Hartman has a fond saying, and it is more true today than ever: “Don’t wait to buy real estate. Buy real estate and wait.” Both interest rates and house prices are historically low. Combine this with the fact that rental demand for housing is climbing and destined to go off the charts over the next few years and you have the perfect storm for savvy investors who want to supercharge their investment portfolio with assets that really work.
A financially independent retirement is within your grasp. The only question is whether you want it enough to change the way you’ve been doing things. Are you ready to acknowledge that Wall Street investing makes Las Vegas look like a safe bet?
If you take nothing else away from this article, at least do yourself this one financial favor and click over to the Heroic Investing Show. Download a few episodes and listen to them on your way to work. We think you’re going to like what you hear.
The Heroic Investing Team
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