Fire your mutual fund

Real estate investing: Why I fired my mutual fund.

Real estate Investing beats mutual funds

I fined my mutual fund for good reason.  A few years back, My husband and I pulled our money out of the company 401K and moved it to a self-directed 401k.  We sold every share of stock we owned and cashed in all our stock options.  I received a call from Fidelity trying to talk me out of it.  He said, “Mrs. Wall, we have a team of financial advisers that can help you invest your money.  If you like real estate, can I have someone talk to you about REIT’s.”

I replied, “I will listen to you if you can meet my minimum conditions.  Are you ready?”  He said yes.  I went on, ” If you can guarantee me a minimum of a 20% cash-on-cash return, in cash, tax free year over year, then I will listen to you.”

He said, “Mrs. Wall, you know I cannot do that.”

“Then what qualified you or your team to give me financial advice.  Please send me my money.”

Mutual funds cannot pay you cash the way real estate does.

Walmart does not take mutual fund shares

If you want to retire, you need an income stream.  You need hard currency every month to pay bills.  Unless you are already wealthy, you will not save enough principle to live on at 5% return.  The minimum I will consider for an investment is 20% cash-on-cash.  I have one passive investment that pays 30% per year.  Do the math.  If you have $500,000 earning 20%, that is $100,000 per year.  If that same principal is earning 5%, you have $25,000 per year.  Do you like apples?  How about them apples?

Real estate investments have great returns mostly tax free

Municipal bonds? Give me a break.  I might as well put my money in lottery tickets.  My investment properties not only make my house payment and utility payments each and every month, I do not pay taxes on the money.  I have some property rented Section 8, so your taxes pay me every month and I do not pay income taxes on it.  The money hits my bank every month as regular as a German train.  I love our government and tax code.  I look forward to the first of the month.   My mailbox money arrives.

Jodywallrealtor.com is here for you

Jodywallrealtor.com and Cincero Investment Properties, Inc. exist to help the average person retire well.  We teach people the rules of the game.  We are not special.  We learned this business from the ground up.  We are average people following proven principles.  If you follow conventional wisdom, odds say you will end up at the poverty level upon retirement.  I did not want that for us, so we chose the path less traveled.

Give us a shout.  We would love to hear from you.

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3 thoughts on “Real estate investing: Why I fired my mutual fund.

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