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YBPGuide

To empower African-Americans, and all people of color, with the knowledge and inspiration to foster progression and productivity in the community.

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ybps: get off the real estate bandwagon

Started by ybpguide · 9 months ago

lets chat for a second, shall we?
watching hgtv is a good thing. i can even say that watching shows like ‘flip this house’ can be educational and entertaining, but let’s be real. just because you have your broker’s license, watch these shows ... Continue reading »

5 comments

Rashad L. Morgan
1 year ago

Fred, you actually beat me to the punch for this article. While I do not think that getting totally away from real estate is the answer, I do think that it is wise for young black professionals to diversify their investments. Instead of looking at real estate as the holy grail, understand that it may not provide the best return on your investment, and thus, should not make up the majority of your portfolio. But the key learning about smart investments and not trying to strike it rich on the deal of a lifetime. Sometimes you are able to find diamonds in the rough through research. But understand that investing is about setting goals and not getting rich quick.

reply

Martin Lindsey
1 year ago

Nothing like a lean operation. Good info man. You could also recommend to your readers to include a healthy mix of CD's and money markets from your local or online bank or credit union as part of the portfolio.

Hey, you mentioned a few weeks ago, I think in a reply to one of my posts, that you have a VPN/VPS?, so sounds like you're going the entrprenuerial route as well. Send me an e-mail and tell me more about it. I may be interested in becoming a customer.

Thanks.......Marty

reply

Fredric
1 year ago

marty, just sent you an email.

reply

ETS
1 year ago

"the dividends were not worth the stress."

Bottom line. Period. If you look up what's happening in Phoenix and many other places, I don't have to explain.

reply