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Tough Questions Arise Out of An Unprecedented Affordability Crisis
Blackstone Real Estate just acquired affordability innovators Home Partners of America for $6 billion. Here’s why this is big news.
The post Tough Questions Arise Out of An Unprecedented Affordability Crisis appeared first on RealtyBizNews: Real Estate Marketing & Beyond.
Book review: The Simple Path to Wealth
Yesterday, my pal Jim Collins dropped me a line. “The audio version of my book just came out,” he told me. “Audible is letting me give away some free copies. Do you think your readers would be interested?” I do think so! Plus, this is a perfect opportunity to migrate my review of The Simple Path to Wealth from Money Boss to Get Rich Slowly. At the end of this article, I’ll explain how you can get a copy of Jim’s audiobook, if you’re interested (and lucky).
In 2015 and 2016, Kim and I took a 15-month RV trip across the United States in an RV. It was awesome.
During late July 2015, we stopped for a few days on the Wisconsin side of Lake Michigan. My friend Jim Collins had invited us to spend some time at Shamba, the waterfront vacation home that belongs to his sister-in-law. For several days, we sipped wine and walked in the surf with Collins and his wife. We also talked about work. (I had just begun formulating plans for Money Boss; Jim was writing a book.)
“What do you do?” Kim asked Collins on our first afternoon at Shamba.
“I retired early,” he explained. “I saved up and got out of the rat race. Now I write a blog about money. It started as notes I wanted to share with my daughter, but it’s become something bigger. I guess most people know me because of my series of articles on stock-market investing. Now I’m turning the blog into a book.”
“Ugh,” Kim said. “Investing frustrates me. J.D. has tried to explain his investment philosophy a couple of times since we started dating. He says it’s simple, but it still seems overwhelming.”
“It doesn’t have to be,” Collins said. “You should read my articles. Maybe they’ll help.” Kim read his articles. They helped.
By the time we’d driven around the Upper Peninsula of Michigan and made our way to Indiana’s Amish country, Collins’ blog had spurred Kim to action. As I sat in the RV outlining my early vision for Money Boss, Kim was opening Vanguard accounts and moving her retirement savings into index funds.
During four years together, I couldn’t persuade Kim to manage her own retirement savings. Collins convinced her in two weeks. His advice is that good.
Since that weekend in Wisconsin, Collins published the book he was working on. The Simple Path to Wealth presents the advice from his blog in a coherent, unified package. It’s an easy-to-understand primer on stock-market investing â and financial independence.
Investment Calculator: How Much Will You Earn?
How much money can you make from ETFs? Bonds? What will your retirement account be worth in 40 years? Letâs find out!How much money can you make from ETFs? Bonds? What will your retirement account be worth in 40 years? Letâs find out!
The post Investment Calculator: How Much Will You Earn? appeared first on Money Under 30.
loanDepot ousts executive chairman amid beef with stockholders
“Mr. Ozonian’s experience and perspective will be additive to the loanDepot board of directors at this critical juncture for the company,” he wrote. “The recent rise in rates and challenging macroeconomic environment make Mr. Ozonian’s potential appointment all the more urgent.” Hsieh added that he had been trying to convey these challenges to the board … [Read more…]
NEFCU Mortgage Rates Review
Established in 1961 and headquartered in Williston, New England Federal Credit Union (NEFCU) is Vermont’s largest credit union, with 90,000 members and investable assets of more than $1 billion. Serving six counties in the northwestern portion of the state, NEFCU’s stated goal is “empowering members to make good financial decisions so they can improve their […]
The post NEFCU Mortgage Rates Review appeared first on Good Financial Cents®.
Las Vegas Nevada Housing Market Update March 2021
How is the real estate market in Southern Nevada after the first quarter? We’ve got your update!
The post Las Vegas Nevada Housing Market Update March 2021 appeared first on Homie Blog.
How to invest: An essential guide
When I told readers that January would be “back to basics” month at Get Rich Slowly, the number-one request I received was to write about how to invest.
Rather than scatter investing info throughout the month, I decided to collect the essentials into one mammoth article. Here it is: all you need to know about how to invest — even if you’re a beginner.
In writing this article, I tried not to bog it down with jargon and definitions. (I’m sure I let some of that slip through the cracks, though. I apologize.) Nor did I dive deep. Instead, I aimed to share the basic info you need to get started with investing.
What follows are eight simple rules for how to invest. And in the end, I’ll show you how to put these rules into practice. First, let’s dispel some popular misconceptions.
Investing isn’t Gambling — and It isn’t Magic either
Investing scares many people. The subject seems complicated and mysterious, almost magical. Or maybe it seems like gambling. When the average person meets with his financial adviser, it’s often easiest to sit still, smile, and nod.
One of the problems is that the investing world is filled with jargon. What are commodities? What’s alpha? An expense ratio? How do bonds differ from stocks? And sometimes, familiar terms â such as risk â mean something altogether different on Wall Street than they do on Main Street.
Plus, we’re bombarded by conflicting opinions. Everywhere you look, there’s a financial expert who’s convinced she’s right. There’s a never-ending flood of opinions about how to invest, and many of them are contradictory. One guru says to buy real estate, another says to buy gold. Your cousin got rich with Bitcoin. One pundit argues that the stock market is headed for record highs, while her partner says we’re due for a “correction”. Who should you believe?
Perhaps the biggest problem is complexity â or perceived complexity. To survive and seem useful, the financial services industry has created an aura of mystery around investing, and then offered itself as a light in the darkness. (How convenient!) As amateurs, it’s easy to buy into the idea that we need somebody to lead us through the jungle of finance.
Here’s the truth: Investing doesn’t have to be difficult. Investing is not gambling, and it’s not magic.
You are perfectly capable of learning how to invest. In fact, it’s likely that — even if you know nothing right now — you can earn better investment returns than 80% of the population without any scammy tricks or expensive tips sheets.
Today, I want to convince you that if you keep things simple, you can do your own investing and receive above-average returns â all with a minimum of work and worry. Sound good? Great! Let’s learn how to invest.
Mr. Cooper to buy Roosevelt Management, Rushmore
Mr. Cooper plans to buy an investor in mortgage-related assets and a special servicer in order to brace itself for a potential credit-cycle shift, executives revealed during an earnings call Friday. The mortgage company plans to close on the purchase of Roosevelt Management Co., a registered investment advisory, and its sister company, Rushmore, by mid-year. … [Read more…]
Mortgage rates fall to levels last seen in September – CNN
Mortgage rates fall to levels last seen in September CNN