Are you jealous that you’ve missed out on bitcoin so far? Thinking about jumping in?
There’s some #investment #advice going around in circles of people half my age. And I admit that some of them are crushing it right now. That’s an understatement, actually.
“You’ve gotta buy bitcoin!”
I’ve had quite a few friends go down this path in the past year, and I’ve tried to ignore it. But when two of my friends decided to sink all of their time, talents, and #treasures into #cryptocurrencies, I had to take a look.
Can you imagine any comment… by any person… causing your real estate portfolio to drop 23% in 48 hours?
I could blather on and on about this. And let’s be honest. I could find negative comments about investing in real estate as well. And Dimon and many others may have a dog in this fight – something to lose if #bitcoin prospers.
But the question still goes back to risk versus return. The numbers don’t lie.
And there’s another important distinction between real estate and #commoditized investments like bitcoin, #stocks, #bonds, #metals, etc: You can often influence or even control many of the factors that will lead to the success of your real estate portfolio.
You’ve heard of forced appreciation, right?
It’s a way to make strategic changes to your #commercial real estate to drive increased income and value. It’s real and it’s powerful. It’s a cornerstone of my firm’s commercial multifamily investing #strategy.
Could you do this investing in bitcoin or other #investments? Not a chance.
I was $2.5 million in debt when the real estate market turned against me in 2008. Not a happy place to be. But after a lot of prayer and hard work, I was debt-free thirteen months later.
I would not have had the opportunity to pull out of this hole if I had invested in most #asset #classes. Because my debt was tied to real estate, I was able to sell off my assets and my family survived #financially.
So I guess you have to ask yourself… what is your investment strategy?
Are you rolling the dice and hoping for that once-in-a-lifetime grand slam? Or are you building your #wealth with the #advice of two of the #greatest investors in world history?
Warren Buffett: “Only buy something you would be happy to own if the market shut down for 10 years.” And, “Our favorite #holding period is forever.”
King Solomon: “Wealth #gained hastily will dwindle, but whoever gathers little by little will increase it.”
I would argue that investing in real estate provides an ideal #opportunity to fulfill the advice of these great sages. And I’m not alone. Multitudes of #realestate investors feel the same.