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Updated over 5 years ago on . Most recent reply

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Mike Jordan
  • Los Angeles, CA
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60
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Should i continue in real estate investment?

Mike Jordan
  • Los Angeles, CA
Posted

My income now is divided as per the following: 30% of my income generated from daily work (9 to 5) as typical white-collar, and 70% of my income is from real estate rental, i am afraid that real estate will collapse enormously. Should I diversify and generate other side business (side hustle)  or stocks? the problems that the yield of stocks or side hustle is less than 7%, but the real estate investment could generate to be between 12 and 20%. 

Another problem I don't have experience with side hustle or stocks, I have better experience in real estate, at the same time, all economists advocate strongly to diversify the assets. 

What is your recommendation to solve this dilemma?

Most Popular Reply

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13,476
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,546
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13,476
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

Consult the nearest crystal ball or tarot cards. Maybe do some research and find out if there's a fortune teller near you.

I'm not trying to be mean, but I have a question for you. You listed your fears involving REI, Stocks, Side businesses, etc... Why did you leave out the fact that your current 30% income might be at risk too...if you lose your job, or if the company you work for goes under...that is when the economic collapse that "all of the economists" (that was the funny part) have predicted is sure to come very soon.

Now it might just be me, but haven't we been told about the total collapse happening for at least the last 15 years?  I wonder how many of the experts just used a recorded message when giving their economic assessment?  I wonder how many will say, "I told you so" when the collapse actually happens.

Fear is the greatest obstacle to success.  Fear is based on risk...perceived or real, and can only be combated by risk controls.  The greatest risk control is education/knowledge.  My suggestion to you is not whether or not you should invest in RE, Stocks, a new Biz or gold, gas or silver.  My suggestion is to stop listening to the "experts" and take charge of your own decision making by learning the whys instead of the why nots.

Oh, and when the smoke clears, my vote is nor REI.

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