Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Non-traded REITs / Monte Carlo simulation
For a short time I was a financial advisor. DISCLAIMER - I no longer hold any certifications of any kind nor do I give any financial advice of any kind. However, I do share past experiences.
When I started in the advisor business, Monte Carlo simulation was getting a lot of attention. However, the firm I worked for did not use it because it was considered too “formula”. It did not take into consideration, the individual needs and desires of the client. We called it the lazy advisor tool. However, some firms did use it as a starting point when developing a distribution plan. Also, at that time non-traded REITs were becoming popular among advisors because of the high fees earned by selling these products. Non-traded RIETs and variable annuities are huge profit centers for many financial advisory companies. |
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#17
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Sounds like you are going to have a problem accepting spending money in retirement. The alternative is to keep accumulating as you like to do and leave it to your heirs or give it to charity. My personal philosophy is to spend whatever I want to spend on any frivolous thing I can think of that gives me pleasure and enjoyment. When I've depleted the excess assets then I will no longer be able to spend. I'll either die before I've depleted the assets and what's left will go to my heirs, or I'll reach a point where there is nothing left to spend and the heirs will get nothing. |
#18
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#19
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dividends
With the market weak I'm jepi pretty heavy they pay monthly dividends
If you like the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) then you’re going to love its 11.9%-yielding counterpart, the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ). |
#20
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#21
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Run - Don't Walk!
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Had a terrible experience with a REIT in the '90s. Lost about 75% of my investment when the dust Finally settled. I think Commercial real estate would be Especially dicey these days. |
#22
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Hmm you sure of those numbers? why would a fund pay 11.9% when the average dividend on a Nasdaq stock is probably less than 1%? Something is not adding up.
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#23
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Maybe I would have different thought patterns if I grew up in the suburbs with a country club membership. |
#24
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I use The Mather Group for the last five years and I’ve been very happy with that. They charge a flat fee percent based on your total funds.
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#25
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Risky stocks in their portfolio. Run
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#26
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Non- traded REITs
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Message me and I can forward their contact info. |
#27
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One thing they suggested for income are Nontraded REITs. I read that they may not be easy to sell, and I assume they have high trading fees. Any opinions?
No opinion on your REIT question. We more recently consolidated our accounts and went with Vanguard after interviewing T Rowe, Schwab and Fidelity. Stocks/Bonds and reinvest dividends. My losses are minimal compared to what I was invested in during this spend happy administration. I’m a little tight myself thinking of the save for a rainy day is a good thing.
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Bill NJ Shore |
#28
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If an advisor recommends an REIT, read the prospectus. Does the real estate they are investing in make sense? What are the proposed salaries of the REIT managers? Do they have a successful resume? Is there any incentive for the managers to make a profit on the real estate, or are they just collecting a salary even if the investors lose money?
Note that anyone can establish an REIT and write a prospectus that names them as the CEO with a huge salary. Then, they hire brokers to sell the shares, and lawyers, accountants, real estate professionals, etc. to buy the real estate and to manage it. As long as they sell enough shares, they can make a lot of money even if the REIT goes broke. |
#29
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I am not going to use this advisor. I have a few more plus a CPA to interview next week. Being retired, I have plenty of time to investigate. |
#30
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Closed Thread |
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