Daily Data
Today, we're sharing a round-up of headlines for you from around the country:
Dallas tops LA and NY in first quarter real estate investments
420 Property considers the real estate side of the cannabis industry
Nuns: the accidental property moguls of the Midwest
Americans Are Building Vacation-Home Empires With Easy-Money Loans
An Investor's Litmus Test for Bogus Advice
Navigating financial advice can be challenging for any investor, no matter how experienced or means of investing. With so many financial "gurus" and more access to information than ever, it’s all-too-easy to fall into the trap of misinformation.
As investors, it’s up to us to do our due diligence in the area of personal finance. That’s why we’ve put together this litmus test for financial advice. With this system of self-checks, you can put any piece of advice to the test to see whether or not it’s worth your time.
Protect Your Assets from Everyday Boogeymen
You can have top-notch fiscal responsibility and business know-how, but if you don’t take the necessary steps to protect your hard-earned money, investments, and assets, you could very well lose them.
Although we don’t want or hope for bad things to happen, it’s far better to expect the best while preparing for the worst.
The Word
Check out our recommended reading for the week:
- I'm a small-time real-estate investor, and my accountant helped me avoid a costly mistake. (Business Insider)
- Even the simplest real estate switcheroos are rarely that simple.
- Why should you care? Savvy investing requires breadth and depth knowledge that not everyone has.
- What Working with the Homeless Taught Me about Financial Planning (Kiplinger)
- We talked last week about how financial advice is only worthwhile when it actually applies to you. But now we're taking it one step further.
- Why should you care? This advice is based on the extremes, so it's bound to include something for you too.
- Planning for the Future: Estate and Tax Planning with Digital Assets (Holland & Knight)
- For generations to come, what's bequeathed in a will won't necessarily be limited to what grandpa put in the safe.
- Why should you care? As assets become more and more non-tangible, include them in your legacy with care.