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Best podcasts about reits

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Latest podcast episodes about reits

The FORT with Chris Powers
#236: Jilliene Helman - CEO of RealtyMogul - Real Estate Crowdfunding

The FORT with Chris Powers

Play Episode Listen Later Aug 16, 2022 40:11


Jilliene Helman is the Founder and CEO of RealtyMogul, an online real estate marketplace that gives everyday investors access to institutional-quality commercial real estate deals in dozens of markets across the country. Since 2012, RealtyMogul members have collectively invested over $850 million into $4.7 billion of real estate nationwide (as of March 31, 2022). Jilliene holds Series 7, 24, and 63 investment licenses and is a Certified Wealth Strategist. She's been featured as an expert on startups and real estate investing on Bloomberg, CNBC, The New York Times, Yahoo! Finance, and Entrepreneur. On this episode, Chris and Jilliene discuss: A 10-year overview of how crowdfunding has evolved and the tailwinds driving it Building a two-sided marketplace with sponsors and LP's. How crowdfunding works from a high level What to expect from the crowdfunding industry over the next decade. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ (2:02) - Jilliene's career and background (4:48) - What did crowdfunding in the RE space look like when you got started in your career? (8:29) - If you had to go start a new 2-sided marketplace today, would it be harder to do? (11:47) - Was there an inflection point in the industry where crowdfunding became more mainstream? (15:07) - How distributed is the money coming from crowdfunding? Are there ever a couple of individuals that carry the bulk of a fund? (17:20) - What's the path forward to become a top brand name over the next decade? (20:12) - Is there any agreement that states the LP needs to go to you instead of the GP for questions or investments? (21:39) - How do you approve and vet sponsors? (24:57) - Have you seen institutional or family office capital get into crowdfunding? (25:55) - How do your REITs work? (29:09) - Is the push to have a more built out secondary market for LP's something on your radar? (30:55) - How do you approach Capital Call situations? (33:24) - What data are you looking at to prove the massive tailwinds for crowdfunding? (35:33) - Do you have to own a controlling position in the LP stack? (36:17) - How are you seeing most people show up in a deal? (37:44) - What's something you think deeply about that you want to see in the industry? The Fort is produced by Johnny Podcasts

Kay Properties Podcast
Kay Properties Matt McFarland, Steve Haskell, and Alex Madden on High-Interest Rates and High Prices

Kay Properties Podcast

Play Episode Listen Later Aug 16, 2022 34:15


Welcome to DST 1031 Essentials with Kay Properties — An in-depth look at the many recurring themes and nuances of the Delaware Statutory Trust (DST) investment process.   Topics will cover 1031 exchanges, ins and outs of the Delaware Statutory Trust structure, timing, cash investing, REITS, funds, real estate and more.   The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence, and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 150 years of real estate experience, are licensed in all 50 states, and have participated in over 30 Billion of DST 1031 investments.   In this week's episode, Vice President Matt McFarland, Senior Vice President Steve Haskell, and Vice President Alex Madden sit down for a roundtable discussion on upcoming risks, high-interest rates, and more. Here's what the savvy investor should be aware of as our market begins to show some warning signs.    Key Takeaways: [1:05] Risks and disclosures. [3:35] Matt introduces Steve and Alex and today's topic. [5:35] Is it a dangerous time to invest right now? [10:00] Are we facing another 2008 crash? [10:45] We're not going to know when we've reached the peak of the market until it's already happened. [14:15] There's still a frenzy going on, just not as intense as it was a few months ago. [17:20] Real estate is an expensive asset to trade. [18:30] Banks are being unusually conservative right now. Alex explains why. [22:40] With this market uncertainty, is now a good time to sell? [26:10] There are still a lot of great investment opportunities out there. [28:00] Despite the uncertainty, many investors are still up just by holding on to their properties for the long haul. [28:40] Remember, with DSTs, you don't have to buy within the same state as you. This gives you access to more up-and-coming markets.   Resources Website: https://www.kpi1031.com/ Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Securities offered through FNEX Capital member FINRA, SIPC. Potential returns and appreciation are never guaranteed and loss of principal is possible. Please speak with your CPA and attorney for tax and legal advice.

CREative Talks! Commercial Real Estate Podcast
095. Armada EFT Advisors: REIT Conversation with David Auerbach

CREative Talks! Commercial Real Estate Podcast

Play Episode Listen Later Aug 14, 2022 36:24


Today we invited David Auerbach, a 20 years veteran in institutional trading focusing on the REIT, MLP, Closed-End Funds, ETFs, and Preferred Stocks space. He currently serving as the Managing Director of Armada ETF Advisors. Armada ETF Advisors invests in publicly traded real estate investment trusts, known as REITs, which themselves make investments in income-producing real estate. By packaging REITs in an exchange-traded fund (ETF), it provides diversified real estate exposure via a liquid, tax-efficient and easy-to-access vehicle. Armada ETF Advisors Website: https://www.armadaetfs.com/ LinkedIn: https://www.linkedin.com/in/david-auerbach/ *** Subscribe to our email newsletter: https://cre-media.com/subscribe Social Media LinkedIn: www.linkedin.com/company/cre-media Instagram: https://instagram/cre_mediagroup YouTube: https://www.youtube.com/channel/UCxhFD4yDokHv6u3UxhjYtGA Please contact us here: https://www.cre-media.com/contact Disclaimer: This commercial real estate podcast is intended for commercial real estate professionals, institutions, and investors only. The presenter(s) is(are) expressing his/her (their) view(s) and opinion(s) regarding economic conditions, financing programs and features. The views expressed in this show are for informational and educational purposes only, and do not imply suitability. Each situation is unique, and prior to investing, all programs should be reviewed independently for suitability. Views and opinions expressed are those of the presenters only and do not reflect the views of their employers, institutions, and associations. The information is not intended as investment advice, is not a recommendation about investing, and the presenters and their companies are not acting as your fiduciary.

How to Scale Commercial Real Estate
Self-Storage: The Best Investment For an Inflationary Environment

How to Scale Commercial Real Estate

Play Episode Listen Later Aug 11, 2022 20:29


Joining us today to discuss the opportunities in self-storage during the current market conditions is Kris Benson. He is the Chief Investment Officer of Reliant Real Estate Management, a company that offers institutional quality self-storage investments to accredited investors. He digs deep into why self-storage is still an incredible asset to invest in and offers strategies on how to squeeze NOI out of properties. He also touches on what it takes to be a sophisticated operator in the space, the work they are doing in boat and RV storage, and the importance of return on equity.     [00:01 - 12:35] Self Storage Investing Insights Kris talks about his background as an investor To make money in real estate, do it at a scale He introduces Reliant Real Estate Management and the work they do They are seeing significant compression in cap rates in the market There is still a lot of capital chasing deals in the self-storage space, with institutional investors looking for a safe and profitable investment Investors who are not well capitalized and not-so sophisticated operators may be potentially setting themselves up for failure What makes a sophisticated operator Leveraging different technologies such as touchless leasing One of the most important things moving forward for increasing NOI: dynamic pricing algorithm Comparing the data and software advancements for multifamily and self-storage [12:36 - 19:12] Business Growth and Return on Equity  Kris breaks down the boat and RV storage facilities they own and what they're doing in development When there's equity in the deals, is it time to liquidate or refinance? [19:13 - 20:28] Closing Segment Reach out to Kris!  Links Below Final Words Tweetable Quotes   “There's a lot of people in the space who are not sophisticated operators and when things get tight, again, it probably comes down to bad debt or too aggressive on the debt side.” - Kris Benson “This one is probably going to be most important moving forward is dynamic pricing algorithm where you're matching prices day to day based on occupancy.” - Kris Benson “I'm a huge believer that in real estate, anything you buy today, in 20 years is going to be a good deal.” - Kris Benson -----------------------------------------------------------------------------   Connect with Kris through the Reliant Real Estate Management website and KrisBenson.com.   Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: [00:00:00] Kris Benson: What I would say you should measure us on is, well, what happened to NOI during that period? Did we grow that? And that's what you can hold us accountable to, but cap rates and valuations, who knows, that's all made up, right? So we can't control that. But what we can control is if we can squeeze NOI out of something, we're doing our job and then the market's going to do what it's going to do. [00:00:32] Sam Wilson: Kris Benson is the CIO at Reliant Real Estate Management. They are a top 30 vertically integrated self-storage operator. Kris and his Reliant team have transacted on over $1 billion in self-storage in the past five years, Kris, welcome to the show.  [00:00:47] Kris Benson: Hey, Sam. Pleasure. Appreciate you taking the time.  [00:00:49] Sam Wilson: Hey man. Thank you for coming on. Certainly appreciate it. There are three questions I ask every guest who comes on the show" in 90 seconds or less can you tell me where did you start? Where are you now? And how did you get there?  [00:00:59] Kris Benson: Those three questions take longer than 90 seconds to answer. Is that okay?  [00:01:03] Sam Wilson: Do your best. [00:01:05] Kris Benson: Where I started, probably very similarly to a lot of people who get involved in real estate. I owned some duplexes in the town that I lived in and very quickly realized that that was going to be very challenging to scale. And essentially I hated everything about it. It was not really the work, it was more, the people like it was just soul-sucking. It, it always, there was always problems. No one was ever happy. So ultimately I heard in a podcast or read, I wish I could credit who said it to me, but basically it was big deals and small deals are the same amount of work. You just make less money and small deals. And so we started to scale into some larger multifamily we've ended up building a 64 unit apartment complex. And for me, Sam, that's where kind of the light bulbs went off where I was like, ah, this is how you make money in real estate. And, and it was figuring out how to do it at scale. [00:01:54] Kris Benson: And I'm going to fast forward a lot of the story, but how we got to where we are now is about six years ago, I was convinced cap rates and multifamily couldn't possibly get any more compressed than where they were at that moment. Whoops. I was off by quite a few years, so I started looking for other asset classes to invest in. And that brought me to two really interesting niche classes, mobile home parks and storage, and kind of fell in love with the metrics behind storage. So was an investor of Reliant, which is where I am now first. And then the founder of Reliant, Todd Allen, and I kind of formed a partnership and we've been scaling ever since. So it's, it's been a fun ride.  [00:02:33] Sam Wilson: Yeah, that's interesting. Your crystal ball was definitely broken when it comes to where multifamily has gone. I was talking to a friend of mine the other day. They said in 2016, they were underwriting a deal and they couldn't bring themselves to pay 14 million for it. And then, just traded hands, what did he say, 45 million here just a couple of months ago. And he's just like, I don't even understand this. This is crazy. So, but you know, aside from that, I don't want to go down that rabbit hole necessarily and talk about why it's where it is, but you found a niche in self-storage. Tell me a little bit about what you guys are seeing as far as opportunity goes right now in the self-storage space.  [00:03:08] Kris Benson: Yeah, for sure. I mean, what I would say, Sam, is Reliant is a value add shop. So generally we're buying existing assets and adding something to them to force appreciation. So we're just, our goal is always to grow NOI and usually, our plan is expansion. So we're adding square footage and then getting those units leased up. And generally, that's where we're getting our NOI growth. We do some other things, you know, especially if we're taking over kind of a mom and pop owned facility, there's usually some low hanging fruit there as far as, you know, rental rate increases and having things like U-Haul truck rental and tenant insurance and those kinds of things as well, where we can add some ancillary income. But I would say, look, the market in self-storage in the last three years has been pretty incredible. We've seen a significant compression in cap rates. So values have gone through the roof. And what's interesting, Sam, is we stand here today, it's the middle of June, interest rates are rising, but we haven't seen cap rates come up. Values are not changing yet.  [00:04:06] Kris Benson: And I think, you know, a motivator behind that is there's still a lot of capital chasing deals from an institutional level. There's a lot of money still trying to get into the asset class. I had to call this morning with a group. They just funded a group that is starting up and looking for some expansion capital, and they had 13 term sheets. And this group is coming to us saying, Hey, these guys are still looking for a place to place money, do you want to talk about it? So there's still a lot of capital chasing this asset class for the reasons that, you know, we fell in love with it. There's, there's a lot of recession resiliency there, at least in the last two economic cycles. And I think, you know, institutional capital is trying to find deployment in that space.  [00:04:46] Sam Wilson: Yeah. I mean, certainly, I don't know any asset class where capital just isn't chasing yield. I mean, it's looking for it wherever it can find it. So, you know, it's no, obviously no surprise that it's gone into self-storage, but let me ask you this. I understand the, and we think we well covered it on this show, the recession benefits of self-storage, but yet I think in every, every crisis, it brings out unique opportunities to acquire. Are there people who are misaligning their portfolios or taking on debt in the wrong way, or just setting themselves up for failure in the self-storage asset class in particular if we go into a recession?  [00:05:25] Kris Benson: We hope so. Time will tell, Sam, right? I, I agree. Usually, the best buying opportunities are, are going to be in when there's blood in the streets, right? We'll find out is there's been a huge glut of self-storage development in the last five years, right, so a lot of people, when you make money in an asset class, People are going to show up and say, oh, I can do that, right? So there's been a lot of merchant builders who are not self-storage operators, they just are developers. They can develop a storage facility and they hope, Hey, I'm the backend. I'm going to sell this to one of the REITs or a publicly traded company. It's going to turn out just fine. And, and they've been right for a long time. The interesting part's going to be, look, if I did a ground-up development three years ago, I was probably underrating sub 4% debt on my construction loans, right? In my model, I was saying, all right, it's going to build be a year plus to build, it's going to take me a year or two to lease this thing up. And then I got to go get perm financing. The question's going to be, what did they underwrite that permanent financing at interest rate wise, right? And if they needed it to be a four and a half to make their project work, Well, they're going to come into a market where it's five plus, right? And that's where we could see some pain, right? Is the sea of old deals where they're coming to market and saying, all right, I got to go get perm financing. And the lender's looking at them saying, yeah. At five and a half, or you can buy down your note, you got to come up and, you know, come up with a big chunk of cash to buy down the proceeds. So, Sam, I think, you know, for those operators that may not be well capitalized, there may be some opportunities there where deals that either banks are taking or banks are starting shop 'cause they know, Hey, we're going to get this thing back. So, you know, I think time will tell. The other part of this is there's a lot of people in the space who, you know, are not sophisticated operators and when things get tight, you know, again, it probably comes down to bad debt or too aggressive on the debt side. But when you're not a sophisticated operator, it's harder to make things work when, you know, the revenue side gets a little bit tighter.  [00:07:24] Sam Wilson: What are some things, when you say that word sophisticated, what are some things that come to mind that you would say would make someone a sophisticated operator?  [00:07:31] Kris Benson: Yeah, that's a fair question. [00:07:32] Kris Benson: I mean, there's a lot to that, right? And I think it depends on what you're thinking about, but, well, let's start with just kind of the digital marketing side, right? And, and how you're attracting customers. I think in the world, we live in, Sam, today, even in the smaller markets, the secondary and tertiary markets. We generally like to operate in the smaller markets 'cause we have a competitive advantage there, right? Our digital ads, Google AdWords, SEO, those types of things. Generally, mom and pop operators have a website, but they're not really doing anything else, right? And when I say mom and pop, it's not derogatory. You know, people who own less than five facilities kind of fall in that category, right? And it's, it's not good or bad. It just is the, how they attract customers. Do they have, I'd say a big thing in the last 24 months has been touchless leasing, right? So the ability for a customer to rent online, get access to their unit, get their lock and never go in the office, sign their lease. Everything is done online that's since COVID has been a huge push, I would say probably 30 to 40% of our leases. They never walk into our facilities. That's another one.  [00:08:39] Kris Benson: And then I, I would say this one is probably going to be most important moving forward is kind of a dynamic pricing algorithm where you're matching prices day to day, based on occupancy and trying to squeeze out revenue based on, you know, Hey, we, we may have five to seven types of units in a particular facility and each one is being priced based on that type of units occupancy, right? So if 10 by tens are full, that price is going to go up. If five by tens are, you know, empty, that price is going to go down and that's shifting every day comparatively to what's happening in the rest of the market. So just kind of a snapshot.  [00:09:17] Sam Wilson: No, I love that. And that, that brings, you know, a few things out that maybe I hadn't thought about. And we're certainly seeing that on the dynamic pricing side, on the RV resorts. You know, it's something where again, you know, mostly mom and pop owned and it's like, well, we know that you know, it's, you know, $69 a night, $79 a night, whatever it is. And that's been what they've been saying for a decade 'cause it's easy to remember. But it's also parable for business. Like, wait, no, I mean, it's July 4th. You should not be 79. You should be $179 a night. Like, whatever it is, again, I'm making up numbers here, but that, that whole dynamic pricing capacity is something that, you know, it's overlooked, I think in a lot of industries and we've seen that of course come around in Airbnb. We've seen that the airlines, the hotels have had it forever and it's like, why don't we have this applied across, you know, all of our real estate asset classes? So do you think that will take off? You know, and there's just a, there's a random stray thought here so forgive me. I mean, we don't, we haven't seen that in the multifamily space yet. [00:10:12] Kris Benson: The dynamic pricing.? [00:10:13] Sam Wilson: Yeah. Have you seen that anywhere?  [00:10:15] Kris Benson: Yeah, it exists for sure, especially some of the larger operating platforms. That's where I first got introduced to it is that pricing is changing in the market almost daily, based on unit type. The difference is, Sam, with, with multifamily specifically, right? The big boys report. So there's, you know, like the Yardi and the CoStar are getting that data, so that everybody can have the benefit of having that data, right? And in storage, there's a couple of groups trying, Radius+ is one, where they're trying to create this momentum where operators are reporting this information in so we can all benefit from. But it's definitely not to the level of like a multifamily and, and part of it's just because the market is much smaller than multifamily. So software companies are looking, Hey, where do we invest dollars to build a platform? Storage is a smaller addressable market than multifamily, right? So, you know, I think part of it is who's making investments into the space and storage has come a long way from where it was 10 years ago, for sure in the sophistication and, you know, the technology that's supporting it, but it's still not kind of the maturity level, I would say, of like a multifamily or an office, right? You know, some of the core four, when you think about the major real estate asset classes, but, yeah, I would say that that pricing algorithm tool is, is super helpful when you think about how to squeeze NOI, right?  [00:11:39] Kris Benson: And Sam, in the world, you and I live in, that's how we should be judged by investors, right? You know, I mean, so if you have been a, an operator of almost any asset class for the last five years, You should have made money unless you're really, you know, really screwed it up, you should have made money. And that could have been just cap rate compression. You could have done nothing. And you still should have made money. What I would say you should measure us on is, well, what happened to NOI during that period? Did we grow that? That's what you can hold us accountable to, but cap rates and valuations, who knows, that's all made up, right? So we can't control that, but what we can control is. If we can squeeze NOI out of something, we're doing our job and then the market's going to do what it's going to do.  [00:12:24] Sam Wilson: Right. Absolutely. Absolutely. Tell me about this. You guys, I mean, you, you own some regular, just standard self-storage. When I say that, I'm thinking like you said, 5 by 10, 10 by 10, whatever, 10 by 20 units. Do you guys have your hands in any other type of storage?  [00:12:39] Kris Benson: Like wine storage or like that type of stuff? Or boat and RV? [00:12:43] Sam Wilson: Yeah. Any of those. I hadn't thought about wine storage, but yeah. I mean, I guess obviously you own boat and RV storage as well, is that right? [00:12:49] Kris Benson: Yep. We do. We have some boat and RV-specific facilities where that's, you know, that's all they do. And then, we also have some storage facilities with traditional climate, you know, non climate controlled units, like the garages that we have parking on. Sometimes it's, you know, covered parking where you got the steel beams, corrugated metal roofs, and trickle chargers, and you can park in there. We kind of have a mix of both. It really depends on the market that we're in. You know, where we found the most success, obviously in the boat and RV parking is somewhere around a lake or recreational area. Generally, people want to park the boats and RVs there. So, yeah. You know, it, it's very market specific if we're, you know, in downtown Atlanta and does a boat and RV parking place do well? Probably not. [00:13:32] Sam Wilson: Probably not. Or conversely, an RV parking place in downtown Atlanta might do great just in the sense that where else are they going to park it? Like you can't park it in your street, you know, in the, in the neighborhood, your HOAs forbid it. So it's going to be where, where else you going to put an RV if you own one? Yeah, that's interesting. I know we talked about that a little bit off air as to like, what happens to all of these assets, you know, if we have a recession in the gas prices? You know, gas prices keep going up, we go into a recession. What happens to boat and RV storage? Where does that go? I don't know.  [00:14:02] Kris Benson: Yeah, it's going to be interesting. Last night I was cooking dinner actually, and I had the David Muir, Nightly News, ABC or CBS. I don't know what, what channel it is, but he was talking about Biden, you know, potentially proposing the idea of a gas tax holiday. And I was like, oh, that's probably a good idea right now. And then they're like, that will save on average 18 cents a gallon. I was like, perfect. That should make a huge impact in most people's lives. They fill up 10 gallons. I get a dollar 80 back. Thanks, federal government. I guess I don't know how you kind of think about that and be like, that's how we're going to fix this.  [00:14:34] Sam Wilson: Right, right. Let's not think about the fact that three times more expensive to fill up this year than it was last year. Let's think about saving 18 cents a gallon. Yeah, absolutely. Man, it'll be interesting to see how that shakes out. It was a conversation we talked about again before we hit record on this, where you were talking about return on equity. I thought that was an interesting point where you were talking to a seller and the sellers, you know, you basically were able to present to them this idea that, Hey, you can hold this asset for a decade. But what's your equity doing for you? Can you break that down for us? 'Cause I really like that thought process.  [00:15:05] Kris Benson: Yeah, for sure. I mean, look, I'm a huge believer, Sam, that real estate, anything you buy today, in 20 years is going to be a good deal, right? So I'm 42. Anything, anything that I had purchased when I was 22 today, it's worth more money. [00:15:19] Sam Wilson: Sure. [00:15:19] Kris Benson: Unquestionably, right? So you know, when I think about with, that's kind of on my original invested equity, I may have an incredible return on that when and if I have a liquidation event, right? So let's say I hold it for 20 years, but if three years in, the equity in the deal has doubled or tripled or quadrupled or whatever the specific situation you and I were talking about is a gentleman who built a boat and RV parking facility. And he had 10xed, essentially his equity by building the facility and filling it up in two years. And so what I think about from the investing side in that is, okay, so you have X amount of equity. What's your return on the equity that you currently have? Not what he wrote the check for, right, he wrote the check for 250 grand when he built it. Now he's got 2.5 million in it, and when you look at your cash flows, not on 250 grand, it's your cash flows divided by 2.5 million. His return on equity is terrible and not terrible, but there are other opportunities for you out there. And so I think that's how we look at a lot of our deals with our investors is when we get to that point where there's equity in the deals, is it time to liquidate or refinance and pull that equity out because our investor's money has built that equity too. We, Reliant, with our equity in the don't want it sitting there not earning. And you as an investor with Reliant, if you've doubled your equity, you don't want that sitting in there getting a 2%, 3%, especially in this inflationary environment, right? So I think it's always just a balance of you got to look at, all right, what can I do with this money if I pull it out, and if I'm going and buying boats and RVs? Probably not a great investment, but if I could pull that money out and go reinvest and churn it again, you know, that's where we start to get that compounding effect on the investment side of things. [00:17:11] Sam Wilson: Yeah. And I think that's, that doesn't bode well with the Dave Ramsey school of thought, but I think there are differences there, obviously between what he talks. Like you said, you know, Hey, if you're going to pull out this equity and go buy a boat just for kicks and giggles, then you're just buying another highly depreciating asset and paying probably too much for it. And that's a bad move. And, and I think that's always a personal decision too. Like, you know, sometimes there's a return on equity and then there's a return on peace of mind. That's like, okay, well, which one, which one is it? Maybe this guy's super happy. He's like, I don't care, man. I own a facility free and clear and I get paid for it every year and I don't have to think about it. So ROPM, return on peace of mind. You don't know, but I do like that idea.  [00:17:48] Kris Benson: You trademark that, Sam. RO... [00:17:50] Sam Wilson: PM, return on peace of mind. And so I think that's always interesting is we survey our own portfolios and go, okay, what's it look like to extract maximum value and maximum return out of this, and do it in a way that is meaningful and also, you know, protects us from downside risk. Are you guys doing any development right now?  [00:18:07] Kris Benson: Yeah. You're saying from a ground-up standpoint.? [00:18:09] Sam Wilson: Yep.  [00:18:10] Kris Benson: Yeah, we're not what I would consider a developer, meaning, Hey, we can do 10 projects a year. We just don't have the team to support it. We are in the midst of, well, two active developments. Third, that's kind of going through an approval process right now, and hopefully, we'll have shovels in the ground before the end of the summer. So a little bit. Generally, we're usually about one a year, but what I would say is there's going to be value in development right now. And there has been, but we feel like there's kind of an interesting space right now, just from a return on stabilized yield. Like, what you're going to get once this thing is built and the prices per square foot that are being paid for basically empty buildings and the replacement cost against it, you know, there's a Delta there and an opportunity for sure. [00:18:53] Sam Wilson: Right, right. Yeah. It's really interesting. And that's what we're seeing a lot, even, especially in the multifamily space. I hear a lot, have a lot of people come on the show and say, they'll say, Hey, you know, it's cheaper for us to build than it is to buy existing and then, and then do a value add, like we can just turn around and just push shovel on the ground and start ground up and have a better product for less money. Like, well, that's really interesting. [00:19:11] Kris Benson: For sure.  [00:19:12] Sam Wilson: Fantastic. Kris, I've really enjoyed this. Thanks for taking the time today to break down the self-storage market for us, what you guys are buying, how you've bought it. I love the clarification there around what a sophisticated operation or operator could look like, you know, and, and kind of giving some quick ideas on, you know, when you see a mom and pop operator, the things that it could be very, very easily improved. Yeah. Certainly appreciate that. Thanks for taking the time to share your story and just give us insight on what opportunities you see out there in the market. If our listeners want to get in touch with you or learn more about you, what is the best way to do that? [00:19:42] Kris Benson: Yeah, I think probably our website's best, reliant-mgmt.com, which is the abbreviation of management, or if you just Google Reliant Real Estate Management, you're going to find us, you can find our current investment opportunities, contact us, get in touch with our team, and learn a little bit more about the team and track record here. [00:19:59] Sam Wilson: Awesome, Kris, thank you again, certainly appreciate your time.  [00:20:02] Kris Benson: My pleasure. Thanks, Sam. 

Kay Properties Podcast
Kay Properties Tom Wall and Matt McFarland interview Chay Lapin, President of KPI about the case for investing in multi-family properties

Kay Properties Podcast

Play Episode Listen Later Aug 9, 2022 25:16


Welcome to DST 1031 Essentials with Kay Properties — An in-depth look at the many recurring themes and nuances of the Delaware Statutory Trust (DST) investment process.   Topics will cover 1031 exchanges, ins and outs of the Delaware Statutory Trust structure, timing, cash investing, REITs, funds, real estate, and more.   The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence, and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 150 years of real estate experience, are licensed in all 50 states, and have participated in over 30 Billion of DST 1031 investments.   In this week's episode, Tom Wall and Matt McFarland interview Chay Lapin, President of KPI about the case for investing in multi-family properties. Chay describes the Class-A and Class-B+ stabilized multi-family properties that KPI typically offers, why light Value-Adds fit well in DSTs, the reasons DSTs were created, and the advantages of multi-family properties that are debt-free. Chay invites the listeners to call and talk to a team member to dig into any sector of DST 1031 investments. Key Takeaways: [1:02] Risks and disclosures. [3:13] Matt McFarland tells about this series of educational presentations. [4:00] Matt tells about Kay Properties & Investments. [4:47] Matt introduces KPI President Chay Lapin and today's topic. [6:34] What is a typical multi-family property in the DST sector? Chay explains. [8:44] About Class-A and Class-B properties, light Value-Adds, and rent premiums. [9:51] Are there always risks? [10:08] What is a heavy Value-Add in a multi-family property. Is it typical in a DST? [10:27] Why are these DST investments created, in the first place? [11:54] Chay presents arguments for investing in multi-family properties. What is the main disruptor Chay sees? What are the pros? [14:08] There are multi-family properties that are debt-free, and multi-family properties with debt. What are the risks of debt, compared to a single-family property? [14:56] Investors currently have concerns about inflation. Can raising rents help? [16:15] Chay's thoughts on investing in multi-family property DSTs. What about inventory? No one knows what will be in five years. Why Chay likes debt-free property. [19:50] Matt adds another investor consideration: net operating income and the current rising cost environment. [21:48] Matt and Chay talk about being defensive and staying debt-free when possible, and diversifying. [22:30] Chay and all the team members are happy to dig into this in greater detail with anyone, one-on-one. The DST structure is not for everybody but Chay has seen a huge jump in this sector. [23:44] Matt thanks Chay for his time on the call and invites listeners to return next week to listen to DST 1031 Essentials with Kay Properties!   Resources Website: https://www.kpi1031.com Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Securities offered through FNEX Capital member FINRA, SIPC. Potential returns and appreciation are never guaranteed and loss of principal is possible. Please speak with your CPA and attorney for tax and legal advice.

Let It Grow Investing
Market flipping! What NEXT?

Let It Grow Investing

Play Episode Listen Later Aug 8, 2022 37:46


We are covering the jobs report and unemployment numbers from this past Friday. Looking at the history of the market when we have a greater than 7.5% drop in the S&P500 in one month and then rebound with a 7.5% gain in the month following. Where does the market usually go from here and how might we be looking in 12 months time? Plus...one stock I am bullish on but trimmed my position size and rebalanced my portfolio. For week 32 in the Investing Challenge, we voted in 'Let It Grow Investing' on FB and we will be adding Google $GOOGL to the portfolio. Week 33 brings a week of REITs to vote on: Week 33 INVESTING CHALLENGE on "Let it Grow Investing - podcast" on Facebook! FB GROUP: https://www.facebook.com/groups/3149013668660459/ 1. SPG Simon Property Group 2. PLD Prologis 3. MPW Medical Properties Trust 4. VTR Ventas 5. IIPR Innovative Industrial Properties ***Not investing advice, simply what I am looking to do in my own portfolio while understanding my risks, timeline, age, income, debt and other factors!!*** As always, thank you for continuing to support the page and podcast, by liking, subscribing and sharing! FB GROUP: https://www.facebook.com/groups/3149013668660459/ E-Trade Referral code https://refer.etrade.net/jsebastian1987 https://accounts.binance.us/en/register?ref=53539239 Use my referral link https://crypto.com/app/3jsnadjrsq to sign up for Crypto.com and we both get $25 USD. Open an account on webull, make a deposit and get a free share valued between $8-$2000!! https://a.webull.com/iq6NLY31wXgKyPlM1g https://www.marketbeat.com/market-data/low-pe-growth-stocks/ If anyone is reading down here, you are the real MVP!! Thanks for your support and making our community a better place and for making me a better investor. I hope you've learned something; I certainly have! Let's get out there and "LET IT GROW"! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/letitgrow/support

The COB from ausbiz
A day of M&A

The COB from ausbiz

Play Episode Listen Later Aug 8, 2022 14:06


It's a day that will be remembered for BHP's move to acquire Oz Minerals rather than corporate earnings. The local market inched up 0.07% to 7021, boosted by strong gains across the materials and energy sectors. M&A activity, along with a lessening of global recession concerns following Friday's big US employment beat, clearly benefitting the mining space. Oz Minerals was the standout performer, soaring 35% after swatting away BHP's initial approach. Curiously, Sandfire Resources was also in demand, climbing 7%. Lithium plays Lake Resources and Liontown rose 16% and 7% respectively, while Fortescue Metals jumped 4.6% following a large bounce in Chinese iron ore futures. The gains across resources helped to offset a weaker performance from other sectors, most notably consumer discretionary and REITs; the former reacting to similar moves in US retailers on Friday while the latter was undermined by another big increase in global bond yields. At the individual level, Suncorp and Aurizon were both marked down following the release of their full-year results, falling 4.3% and 3.5% respectively to sit near the foot of the scoreboard. Newscorp slid 3.1% ahead of its results tomorrow. Results from REA Group, Megaport and Coronado Global Resources headline the domestic reporting season calendar tomorrow. The NAB will also release a quarterly trading update.Our top three VODs:BHP must up its offer for Oz Minerals: Jennings'Buying' trending small cap sectors: uranium, gaming and Esports Food price inflation a plus for supermarkets See acast.com/privacy for privacy and opt-out information.

Motley Fool Money
Time to Buy Industrial REITs?

Motley Fool Money

Play Episode Listen Later Aug 4, 2022 22:33 Very Popular


Global travel, comfortable footwear, and industrial REITs are on the menu. Pull up a chair! (0:25) Maria Gallagher discusses: - Mixed 2nd-quarter results from Booking Holdings - Why CEO Glenn Fogel's declaration about upcoming record revenue may be grounded in reality - Crocs struggling with gross margin pressure and inventory management - Whether buying the Hey Dude line of footwear was a good use of capital (10:41) Amazon's decision to sub-lease warehouse space caused some industrial REITs to fall. Deidre Woollard and Matt Argersinger discuss the potential for buying opportunities in this group. Stocks mentioned: BKNG, ABNB, CROX, WMT, TGT, STAG, EGP, PLD, RHP, PEB Host: Chris Hill Guest: Maria Gallagher, Deidre Woollard, Matt Argersinger Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl

MONEY FM 89.3 - Your Money With Michelle Martin
Market View: DBS earns big, Market impact of Pelosi's trip, REITS, Gold

MONEY FM 89.3 - Your Money With Michelle Martin

Play Episode Listen Later Aug 4, 2022 17:56


Another bank earnings report is on Michelle's radar today as DBS reports a 7 per cent rise in net profit for the second quarter. Michelle Martin invites Kelvin Wong, Analyst, CMC Markets to share more on his views on the prospects for DBS and other Singaporean banks. They also discuss the global market impact from Nancy Pelosi's trip to Taiwan, give an overview of the performance of REITS and discuss the outlook on Gold as inflation mounts.See omnystudio.com/listener for privacy information.

The COB from ausbiz
Flat as pancake

The COB from ausbiz

Play Episode Listen Later Aug 4, 2022 14:10


Life back above 7000 was short-lived, with an initial rally for the ASX200 faded throughout the day. The local bourse closed flat at 6974. IT stocks had a good day - especially stocks of a more speculative nature. Telecommunications, REITs and utilities also pushed higher. The drag on the market primarily came from the iron ore miners and energy stocks - the latter falling after a larger than expected build in US Crude Inventories drove oil prices back into the low $90 range. Consumer staples also lagged. As far as the high flyers go - Tyro Payments jumped 17%, PointsBet rose 12%, and Imugene rallied 8.7%. Punter favourite Zip Co. gave up a big early gain to close 3% lower. Orica shares flopped following the announcement of its raise to fund the acquisition of Axis Mining Technology. Grain Corp extended its decline by 6.6%. Looking ahead, the Bank of England meets tonight and is expected to raise its key bank rate by 50bp to 1.75%. In US earnings, Block, Alibaba and Warner Bros will report quarterly results. Our top three VODs:Investing for when the pandemic is overThe case for copperTo list, or not to list? That is the question See acast.com/privacy for privacy and opt-out information.

RBC's Markets in Motion
2Q22 Halftime Report

RBC's Markets in Motion

Play Episode Listen Later Aug 3, 2022 7:35


Today in the podcast, our takeaways on 2Q-2022 reporting season, with more than half of S&P results in. The big things you need to know: First, 2H22 and 2023 forecasts have started to come down, but perhaps not enough. Second, within the S&P 500 sector standouts so far include Energy, REITs and Utilities along with Tech. Third, Small Caps are the star of the show so far.

Kay Properties Podcast
DST 1031 Essentials with Kay Properties: An In-depth Look at the Various Aspects of DST 1031 Exchange Investment Process

Kay Properties Podcast

Play Episode Listen Later Aug 2, 2022 31:04


Welcome to DST 1031 Essentials with Kay Properties — An in-depth look at the many recurring themes and nuances of the Delaware Statutory Trust (DST) investment process.   Topics will cover 1031 exchanges, ins and outs of the Delaware Statutory Trust structure, timing, cash investing, REITs, funds, real estate, and more.   The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence, and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 150 years of real estate experience, are licensed in all 50 states, and have participated in over 30 Billion of DST 1031 investments.   In this week's episode, Tom Wall and Matt McFarland explain the special features of DST 1031 investments and how investors qualify to participate in a DST. They cover some of the differences between private and public securities, specific benefits and limitations of DSTs, and what a Master Tenant lease is. They discuss the DST property types offered by Kay Properties and what investors can expect. Key Takeaways: [:57] Risks and disclosures. [2:54] Matt McFarland tells about this series of educational presentations. [4:01] Matt tells about Kay Properties & Investments. [4:40] Matt introduces Steve Haskell and today's topic. [5:53] What do you need to know about liquidity for DSTs? [8:28] How do private securities such as DSTs differ from public securities? [9:01] Matt introduces the seven deadly sins of DSTs. [9:10] What are some limitations of DSTs? [12:28] When would you use a Master Tenant lease in a DST? [13:30] Tom gives his opinion on why the IRS blessed DSTs to qualify for a 1031 Exchange investment. [15:40] What are some benefits and risks of the rigidity of a DST for the investor? [17:43] What property types does Kay Properties offer? [18:32] Matt explains the rules about the reserves, which is investor-owned money. [20:45] Who receives any appreciation, or pays any loss, on the back end of the DST? [21:58] Matt explains why there are no capital calls in a DST. [23:43] Matt introduces the use of Springing LLCs. Tom makes observes the rare need to use a Springing LLC to salvage a deal. [28:00] Tom advises everyone on the call to reach out to their Kay Properties advisors if they haven't discussed some of the aspects of this call, to get more information. [29:54] Tom thanks Matt for his time and all the great information shared and invites listeners to listen to DST 1031 Essentials with Kay Properties next week!   Resources Website: https://www.kpi1031.com Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Securities offered through FNEX Capital member FINRA, SIPC. Potential returns and appreciation are never guaranteed and loss of principal is possible. Please speak with your CPA and attorney for tax and legal advice.

The MarketBeat Podcast
Find Investing Opportunities For The Rest of 2022

The MarketBeat Podcast

Play Episode Listen Later Aug 2, 2022


Today, Kate's guest is Rhys Williams, chief investment officer for the Opportunistic All Cap Equity, a long-short strategy at Spouting Rock Asset Management. Amidst all the understandable (and very real) doom-and-gloom in today's market, Rhys has identified some bright spots, and some areas where investors may see potential in the coming months. Kate and Rhys discuss: -Why Rhys believes the worst of the market downturn may be behind us -Does Rhys think bonds are about to reverse the string of poor performance and should be “your friend” again -Why Rhys believes earnings estimates will decrease in the coming quarters -Will the 60/40 portfolio work for the latter part of the year, and why? -What are commodity prices saying about the future of the market? -How should investors be looking at their allocations, while considering investments such as MLPs or REITs? -Why dividend yields should be a part of your investment strategy? -How does Rhys view the future of the energy industry, and what that means for investors? -What is the future of REITs, given that they track different types of properties? -Why Rhys sees the snack, soft drink and alcohol industries as potential defensive plays. -Why Rhys sees a role for both funds and individual stocks in investors' accounts How to learn more about Rhys' investment strategies: https://spoutingrock.us/ Links mentioned in this episode: https://www.marketbeat.com/all-access/ This podcast is hosted by ZenCast.fm

El podcast de El Club de Inversión

En el podcast de hoy compartiré contigo 5 consejos prácticos para administrar tu dinero y que logres conseguir tus objetivos financieros, si lo que buscas es alcanzar la libertad financiera te será de gran ayuda. ¡No puedes perdértelo!

Americana Partners
Stay Invested - July 2022 Market Commentary

Americana Partners

Play Episode Listen Later Jul 28, 2022 41:30


Melissa Giles, Director of Portfolio Management with Americana Partners presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners.  Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg   Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.

Get Real Wealth Dot Com Podcast
Ep. 412 - Why You Should Avoid REITs

Get Real Wealth Dot Com Podcast

Play Episode Listen Later Jul 27, 2022 45:46


Welcome back to the show listeners! ON today's show Steve is answering a listeners questions about REITs.  Steve is not a fan of joining the investment style of Real Estate Investment Trusts.  While the REIT itself is making tons of money, the investors are really making equal to or slightly less than they would by gambling in the stock market.  So why is that? Tune in and find out! Remember to email Steve any questions you have at AskSteve@TotalWealthAcademy.com 

The Dividend Guy Blog Podcast
Best Stocks to Hold for the Recession

The Dividend Guy Blog Podcast

Play Episode Listen Later Jul 27, 2022 39:06


During a recession, it is not time to change your entire investment plan. But if you need to rebalance, sell some losers, or if you have money to invest, which stocks to buy? Today we thought about giving you ideas of good recession performers. For the complete show notes, make sure to check out our website: thedividendguyblog.com/80 Twitter: @TheDividendGuy FB: http://bit.ly/2Z7Q5gF YouTube: http://bit.ly/2Zs6r1r

Your Money's Worth
Episode 160: Brandon Copeland on Real Estate, Recession Risk and Building a Brand

Your Money's Worth

Play Episode Listen Later Jul 26, 2022 38:25 Very Popular


“Professor Cope” – NFL player and Kiplinger editor– joins us for the latest on his ventures and videos. Also, we clarify some of the terms around Series I bonds. Links mentioned in this episode: Fight Inflation with Series I Bonds https://www.kiplinger.com/personal-finance/banking/savings/savings-bonds/603848/fight-inflation-with-series-i-bonds Vladimir Ilyich Lenin: Imperialism, the Highest Stage of Capitalism https://www.marxists.org/archive/lenin/works/1916/imp-hsc/ch08.htm   Cope'ing with Money by Brandon Copeland https://www.kiplinger.com/brandon-copeland YouTube: Bry-Bry Tries! Highlight Reel https://www.youtube.com/watch?v=bV3GPe0pYxs

Kay Properties Podcast
Kay Properties Matt McFarland and Orrin Barrow on Net Lease Real Estate

Kay Properties Podcast

Play Episode Listen Later Jul 26, 2022 32:46


Welcome to DST 1031 Essentials with Kay Properties — An in-depth look at the many recurring themes and nuances of the Delaware Statutory Trust (DST) investment process.   Topics will cover 1031 exchanges, ins and outs of the Delaware Statutory Trust structure, timing, cash investing, REITS, funds, real estate and more.   The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 150 years of real estate experience, are licensed in all 50 states, and have participated in over 30 Billion of DST 1031 investments.   In this week's episode, Matt McFarland talks with Orrin Barrow, Vice President at Kay Properties, about what a net lease is and why it should have a place in your portfolio along with the definition of flight to quality real estate and the advantages and disadvantages of this phenomenon.    Key Takeaways: [:54] Risks and disclosures. [4:03] About Kay Properties & Investments. [4:46] Matt introduces Orrin Barrow and today's topic. [6:21] What does net lease mean?  [7:20] What is the flight-to-quality phenomenon?  [12:30] Matt and Orrin talk about the spectrum of different leases.  [13:33] What are the advantages and disadvantages of flight to quality?  [17:03] Orin elaborates on how inflation plays a part.  [20:06] Why are net leases a great thing to have in your portfolio?  [23:41] It is so important to protect your portfolio and your principal.  [29:54] It's important to note that if you are taking on debt with your net lease you understand the risk and try to remain debt free.    Resources Website: https://www.kpi1031.com/ Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Securities offered through FNEX Capital member FINRA, SIPC. Potential returns and appreciation are never guaranteed and loss of principal is possible.  Please speak with your CPA and attorney for tax and legal advice.

FINNOMENA
“ส่องมุมมอง Global REITs พร้อมติดตามทิศทาง Blockchain และ Nikkei” - THE OPPORTUNITY

FINNOMENA

Play Episode Listen Later Jul 26, 2022 49:04


“ส่องมุมมอง Global REITs พร้อมติดตามทิศทาง Blockchain และ Nikkei” - THE OPPORTUNITY >> https://youtu.be/fldrCI-Urj8

CLS's The Weighing Machine
Investing in REITs with Matt Werner

CLS's The Weighing Machine

Play Episode Listen Later Jul 26, 2022 28:57


Real estate investment trusts (REITs) are one of the most popular investments for income-seeking investors. They can be a valuable addition to any portfolio as they offer high dividend yields and the potential for capital appreciation. In this episode, Rusty and Robyn talk with Matt Werner, Managing Director and Portfolio Manager at Chilton Capital Management. In his role, Matt leads the Chilton REIT Team, performs analysis, conducts property tours, and meets with REIT management teams to assemble a portfolio that seeks to outperform the benchmark. His team is also responsible for managing accounts for institutions, high net-worth individuals, and a public 40 Act Fund.  Matt talks with Rusty and Robyn about Real Estate Investment Trusts (REITs), how they work, why investors and advisors should consider investing in them, and the general rule of thumb for investing in REITs. Key Takeaways [03:41] - What attracted Matt to real estate investment trusts. [06:30] - How Chilton Capital Management's REITs strategy differs from others. [08:07] - REITs: What they are and how they work. [10:24] - Why investors and advisors should consider investing in REITs. [12:51] - A general rule of thumb for investing in REITs. [14:33] - Matt's forecast for the macroeconomy in the coming months. [17:13] - Matt's outlook for commercial properties. [20:16] - What Matt thinks about multi-family, rentals, and mobile home parks. [22:13] - Matt's personal investment strategy. Quotes [05:11] - "In 2008, REITs were the first ones to be able to break through the capital barrier. And they were able to raise debt and equity, albeit at a very dilutive price, and it shows me that this is a cool way to apply some knowledge I learned in real estate." - Matt Werner [09:54] - "I think the public REITs will continue to show their superiority for individuals as we go along and grow their share of the pie, which has been growing rather slowly but still making headway." - Matt Werner [11:23] - "Residential real estate has done well in times of inflation. And thinking logically, you could apply that to something like multi-family or single-family rentals that inflation should help on that top-line growth for rent." - Matt Werner Links  Matt Werner on LinkedIn Chilton Capital Management The Chilton Capital Management REIT Strategy Tweezer Strategas Boston College Salient Partners Connect with our hosts Rusty Vanneman Robyn Murray Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts 1177-OPS-7/6/2022

BiggerPockets Real Estate Podcast
639: Passive Income (Without the Properties!) by Investing in REITs

BiggerPockets Real Estate Podcast

Play Episode Listen Later Jul 24, 2022 63:25 Very Popular


REITs have long been a passive income generator for many who don't want to deal with the trash, toilets, and tenants that come with rental property investing. No 2 AM phone calls, no listings, no showings, and no sales. With REITs (real estate investment trusts) you simply click a button, buy a share in the company, and wait for your passive income (dividends) to flow into your account. Seems pretty sweet right? Matt Argersinger from The Motley Fool agrees.Matt isn't your typical stock investor. He's owned multiple rental properties and has even house hacked and put in some serious sweat equity. He knows that leverage and forced appreciation are huge wealth builders in the realm of real estate, but still chooses to invest in REITs instead of rentals. Why? Matt is focused more on creating passive income—as in TRULY passive income—no tenant surprises or maintenance calls to make. Matt wants to research, invest, and let his net worth grow, all while still receiving real estate-generated cash flow.Maybe you're skeptical. How can passive investing be so easy? If you're brand new to REITs, Matt does a phenomenal job at explaining what they are, how they work, which types to buy, and what you can do to get started investing today. Regardless of your knowledge of the stock market, if you like income-producing real estate, this episode is for you.In This Episode We Cover:What are REITs (real estate investment trusts) and how they workWhy buy REITs instead of rentals, plus the benefits of bothCheap REITs that are becoming undervalued as the stock market crashes Mortgage vs. equity REITs and why higher cash flow could mean higher riskThe dangers of day trading and how long investors should hold onto REITsThe key metrics any investor needs to research before investing in a REITAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramHenry's BiggerPockets ProfileHenry's InstagramHear David on “Motley Fool Money”Join the Real Estate Winners and Grow Your REIT PortfolioInvest in Real Estate Without Leaving Your ComputerPassive Real Estate Investments vs REITsData Center REITs Are On Fire—Should You Invest?Connect with Matt:Matt's Website Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-638Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Insurance Pro Blog Podcast
Everything You Always Wanted to Know About Rate of Return

Insurance Pro Blog Podcast

Play Episode Listen Later Jul 24, 2022 34:05


Having been in the financial services industry since 2000, I've noticed that almost all investment product companies (mutual funds, ETFs, stock market indices, variable annuities, closed-end funds, REITs) love to cite their “average annual rate of return” figures which always inflate what the particular investment actually returned to its investors. And it really bothers me. 2+2 always equals 4...except on Wall St. This problem isn't complicated nor is it really nuanced in any particular way,(as the investment industry would have you believe) it really comes down to basic math. Average annual return, as is always stated in investment literature, (marketing pieces, prospectuses, etc.) is simply a deliberate shell game meant to confuse your perception of the returns by stating simple arithmetic mean calculations when the only return that matters is the compound annual growth rate (CAGR). Now, I know it sounds like I'm splitting hairs here but hang with me through an example and you'll understand my beef. Example :  Let's say that Bill invests $100,000  into his investment account at J.T. Marlin (some of you may get the Boiler Room reference) and for the 1st year  his account grew by 25%  but the account  returned a negative 25% the second year. The stock market muppets would say your average return is 0%...and they'd be telling the truth…in the same vain that President Clinton swore he did not have sex with that woman. But they are clouding the truth with nonsense--because who cares what your average rate of return was? Year 1—   100,000 x     25% =    125,000 Year 2—  125,000 x (-25%) =    93,750 If Bill started with 100k and now at the end of year two his account is worth $93,750 his actual compound annual growth rate (cagr) was -6.25%. But didn't I prove in the example that his average annual rate of return was 0%? Then, how can Bill have less money than what he started with? Welcome to the wonderful world of investments and the Imagineers of Wall St. I actually found this little tidbit online when looking around to see what others were talking about in regard to CAGR. Investopedia.com says: “CAGR isn't the actual return in reality. It's an imaginary number that describes the rate at which an investment would have grown if it grew at a steady rate. You can think of CAGR as a way to smooth out the returns.” Honestly, I'm speechless. The Enron accountants have obviously taken up residence on Wall Street and are firmly rooted in content publishing for the financial media. I beg to differ with Investopedia… ___________________________________ We are in the business of helping our clients find the right cash value life insurance to fit their financial goals, if you'd like to discuss that with us, please click here and send us a message. 

The Clark Howard Podcast
07.22.22 Clark Answers His Critics on Clark Stinks / The Clark Smart Way to Own Gold

The Clark Howard Podcast

Play Episode Listen Later Jul 22, 2022 31:30


Friday - Clark Stinks day! Christa shares Clark Stinks posts with Clark. Submit yours at Clark.com/ClarkStinks. AND - For those seeking hedge alternatives to the standard investment portfolio, Clark discusses REITs, Crypto, and specifically GOLD as a safe zone. Learn Clark's recommendations for owning gold - how much - and if gold is even a real investment.  Clark Stinks: Segments 1 & 2 Owning Gold: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Alliant Cashback Visa® Signature Credit Card: Get 2.5% Cash Back on Everyday Purchases Best Cash Back Credit Cards: Top Picks for 2022 What Is Disability Insurance and How Does It Work? Chrome OS Flex Is There a Safe Way To Invest in Real Estate? What Clark Howard Thinks of ‘Crypto Winter' After Big Crash 7 Gold ETFs With Low Costs Clark Howard's Advice on Buying Gold Best 529 College Savings Plans By State   Clark.com resources Episode transcripts Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Halftime Report
Is Tech a Buy Ahead of Earnings? 7/21/22

Halftime Report

Play Episode Listen Later Jul 21, 2022 45:03 Very Popular


Scott Wapner and the Investment Committee debate the surging NASDAQ and whether tech is a buy ahead of earnings. Plus, Morgan Stanley raises guidance on REITs, the Committee weigh in on the sector. And later, some Calls of the Day in the chip sector, what names are worth a look?

Are REITs Right For You?

"The MoneyWise Minute" on Oneplace.com

Play Episode Listen Later Jul 20, 2022 0:59


Are REITs Right For You? To support this ministry financially, visit: https://www.oneplace.com/donate/1090/29

Sync or Swim
Why Affordable Housing is Within Reach for Canadians with Mark Kenney

Sync or Swim

Play Episode Listen Later Jul 20, 2022 33:08


“It's a matter of really changing the housing strategy completely in our country and coming up with things that make more sense.” — @MKenneyCAPREIT While there are regional variations, it's no secret that, for many people in Canada, housing is becoming increasingly unaffordable. Today's guest, however, believes that the answer to solving Canada's housing crisis is right in front of us. In this episode, we sit down with Mark Kenney, President and CEO of CAPREIT, to discuss some of the policies that are driving rapidly escalating housing costs in the country and why a land lease approach is the obvious solution. Mark has nearly 30 years of experience in the multifamily sector, having previously held senior positions at Realstar Management Partnership, Greenwin Property Management, and Tridel. He is also a board member and prior chair of the Federation of Rental Housing Providers of Ontario, a board member of St. Hilda's Towers, and a founding board member of the GTAA. For those who don't know, CAPREIT is Canada's largest publicly traded provider of rental housing, which owns or has interests in nearly 67,000 residential apartment suites, townhomes, and manufactured housing community sites across Canada, the Netherlands, and Ireland. Tuning in today, you'll get a glimpse into what the land lease model entails, who it appeals to, and why affordable housing is within reach for Canadians, so make sure not to miss this insightful conversation with CAPREIT's Mark Kenney! Key Points From This Episode: What led Mark to the multifamily sector nearly 30 years ago and what made him stay One of the most challenging parts of Mark's career: the human tragedies he witnesses The important role that a strong team played in CAPREIT's success during COVID Insight into CAPREIT's land lease approach to affordable housing A look at the 13,000 communities that offer land lease opportunities across Canada Mark's belief that land leases in rural settings are the obvious solution to the affordable housing crisis in Canada Why a land lease model is especially appealing to first-time buyers, families, and retirees Overcoming barriers put in place by the Planning Act and inclusionary zoning policies What the next year looks like for the rental housing market with cost pressures on all fronts Why Mark believes it's time to change the housing strategy and create better solutions How CAPREIT is creating safe accommodation for Ukrainian refugees, starting with shortcutting housing requirements The municipal service requirements that are at the heart of Canada's housing crisis The impact of remote work and the trend towards settling in rural versus urban locations Links Mentioned in Today's Episode: Mark Kenney on LinkedIn Mark Kenney on Twitter CAPREIT CAPREIT on LinkedIn Rentsync Sync or Swim Podcast Sync or Swim Email If you liked this episode, be sure to rate, review, and subscribe or follow Sync or Swim wherever you get your podcasts, Apple, Google Podcasts, or Spotify.

RBC's Markets in Motion
Sector Navigator

RBC's Markets in Motion

Play Episode Listen Later Jul 19, 2022 8:26


Today in the podcast, an update on our latest RBC equity analyst outlook survey, which we just completed, plus an update on our own latest US equity strategy sector views. Three big things you need to know: First, in our latest analyst survey, our US industry analysts were most constructive on Energy, Financials, Health Care, and Tech, and least constructive on Communication Services, Consumer Discretionary, Consumer Staples, and Materials. Second, in terms of sectors that we like from a strategy angle, we remain overweight Tech and Financials, and we upgraded Energy and Health Care to overweight from market weight. Third, on the other end of the spectrum, we lowered Consumer Staples to underweight from market weight and upgraded REITs from underweight to market weight. We remain underweight Communication Services.

Kay Properties Podcast
Kay Properties Matt McFarland and Jason Salmon on Investor Challenges

Kay Properties Podcast

Play Episode Listen Later Jul 19, 2022 30:05


Welcome to DST 1031 Essentials with Kay Properties — An in-depth look at the many recurring themes and nuances of the Delaware Statutory Trust (DST) investment process.   Topics will cover 1031 exchanges, ins and outs of the Delaware Statutory Trust structure, timing, cash investing, REITS, funds, real estate and more.   The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 150 years of real estate experience, are licensed in all 50 states, and have participated in over 30 Billion of DST 1031 investments.   In this week's episode, Vice President Matt McFarland and Vice President Jason Salmon talk about the current climate of the real estate market, as well as some of the challenges that investors are facing in today's economic environment when it comes to DSTs.  They discuss how Kay Properties is approaching these challenges.     Key Takeaways: [:54] Risks and disclosures. [4:03] About Kay Properties & Investments. [4:46] Matt introduces Jason Salmon and today's topic. [6:21] What does the real estate market look like right now? [10:30] Many people are looking to exit properties right now.  The two main reasons are because it's a seller's market and another is because of wanting a lifestyle change. [12:49] There is a very high volume and a very high demand for DSTs. [13:58] Investors should be aware of the speed and complexities in the market due to high demand; and now more than ever should partner with a Kay Properties rep. [18:58] While early planning is always advised, it's especially prudent in this market. [20:13] Many investors are struggling to close; constant communication is strongly advised especially when transitioning into DSTs. [22:08] Kay Properties' approach has remained consistent for investments despite market changes. [24:37] The investor experience with Kay Properties will always include discovery and communication, evaluating the ability to diversify, and ongoing due diligence. [26:57] Real estate goes through cycles.  Now is not the time to stretch and extend into a high risk asset class.   Resources Website: https://www.kpi1031.com/ Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Securities offered through FNEX Capital member FINRA, SIPC. Potential returns and appreciation are never guaranteed and loss of principal is possible.  Please speak with your CPA and attorney for tax and legal advice.

Money Rehab with Nicole Lapin
Real Estate $$$ Without the Headache

Money Rehab with Nicole Lapin

Play Episode Listen Later Jul 19, 2022 16:21


Now could be an excellent time to get into real estate investing. But if you don't want to spackle a wall, you will want to invest in REITs (Real Estate Investment Trusts). Today, Nicole tells you everything you need to know about REITs with Tim Seymour, CNBC's Fast Money Five & Founder and Chief Investment Office of Seymour Asset Management. See omnystudio.com/listener for privacy information.

Money Ed Podcast Series
Money Ed Podcast 77: Getting the Read on REITs

Money Ed Podcast Series

Play Episode Listen Later Jul 19, 2022 5:35


Money Ed Podcast 77: Getting the Read on REITs by Whitman Ochiai

The Passive Income MD Podcast
#116 Real Estate Syndications 101 [How It Works]

The Passive Income MD Podcast

Play Episode Listen Later Jul 18, 2022 22:31


In this episode, Peter will give you the 101 version of real estate syndication. A real estate syndication is a group of two or more investors or investment companies coming together for a common goal; to raise capital for purchasing real estate or building a new property. In this episode, Peter will give you the abridged version of everything you need to know about Real Estate Syndication. 

The Straits Times Audio Features
S1E2: Stay invested in nervy stock market; focus on quality companies: Invest Talk

The Straits Times Audio Features

Play Episode Listen Later Jul 17, 2022 12:03


Synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST's business correspondents and editors. Hosts Lee Su Shyan and Ven Sreenivasan - both associate editors at The Straits Times - offer you an extra edge in managing your hard-earned money. In this episode, they take stock of the markets and discuss what investors should note before venturing further into the market. Highlights (click/tap above): 1:50 Singapore's stock market is still in the black this year unlike many others 3:53 Nervy stock market: Why investors should keep an eye on company earnings to see when they should get into the market  5:45 Rising interest rates and how they affect company earnings  8:00 How are Reits likely to perform in the upcoming round of company earnings? Register for ST's Head Start newsletter:  https://str.sg/stnewsletters Produced by: Lee Su Shyan (sushyan@sph.com.sg), Ven Sreenivasan (ven@sph.com.sg), Ernest Luis, Eden Soh and Teo Tong Kai Edited by: Teo Tong Kai Follow ST's new Your Money & Career Podcast channel here: Channel: https://str.sg/wB2m Apple Podcasts: https://str.sg/wuN3 Spotify: https://str.sg/wBr9 SPH Awedio app: https://www.awedio.sg/ Read Lee Su Shyan's articles: https://str.sg/wuQs Read Ven Sreenivasan's articles: https://str.sg/wuQe Website: http://str.sg/stpodcasts Feedback to: podcast@sph.com.sg --- Discover ST's special edition podcasts: Singapore's War On Covid: https://str.sg/wuJa The Unsolved Mysteries of South-east Asia: https://str.sg/wuZ2 Stop Scams: https://str.sg/wuZB Invisible Asia: https://str.sg/wuZn --- Discover more ST podcast series: Asian Insider: https://str.sg/JWa7 Green Pulse: https://str.sg/JWaf Health Check: https://str.sg/JWaN In Your Opinion: https://str.sg/w7Qt Your Money & Career: https://str.sg/wB2m SG Extra: https://str.sg/wukR #PopVultures: https://str.sg/JWad ST Sports Talk: https://str.sg/JWRE Bookmark This!: https://str.sg/JWas The Big Story: https://str.sg/wuZe Lunch With Sumiko: https://str.sg/J6hQ Discover BT Podcasts: https://bt.sg/pcPL Follow our shows then, if you like short, practical podcasts! Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties. #moneycareerSee omnystudio.com/listener for privacy information.

El podcast de El Club de Inversión
150 - INVERTIR DINERO

El podcast de El Club de Inversión

Play Episode Listen Later Jul 15, 2022 14:06


En este podcast te muestro cuáles son las 5 mejores estrategias de inversión para aprender cómo puedes invertir tu dinero y que éste trabaje para ti generando ingresos pasivos que irán haciendo crecer tu patrimonio. ★ DESCARGAS GRATUITAS

P&L With Paul Sweeney and Lisa Abramowicz
Markets, Electric Vehicles, and REITs (Podcast)

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later Jul 14, 2022 26:47


Erin Browne, Managing Director and Portfolio Manager at PIMCO, discusses macro strategy and investing in 2022. Brett Ewing, Chief Market Strategist at First Franklin Financial Services, discusses investing strategies in the second half of the trading year. Travis Hester, VP of EV Growth Operations at General Motors, talks about the new coast-to-coast EV charging network and the latest EV developments from the company. David Auerbach, Managing Director at Armada ETF Advisors, discusses finding trading opportunities in residential REIT stocks. Hosted by Matt Miller and Kriti Gupta. See omnystudio.com/listener for privacy information.

JSEDirect with Simon Brown
Dividends, love them but be careful (#502)

JSEDirect with Simon Brown

Play Episode Listen Later Jul 13, 2022 18:17


Simon Shares US June inflation 9.1%, and core inflation was also up a 5.7%! Still stage 4. Rand continues to weaken. Back backs between 4 July 2022 & 8 July 2022 Naspers JSE code: NPN) bought 659,095 shares at an average price of R2 648.3315/share for R1.745 billion (US$104.73 million). Prosus (JSE code: PRX) bought 6,240,339 PRX shares at an average price of €67.1361/share for €418.95 million (US$428.59 million). SARB now considers cryptocurrencies as a financial asset and will create regulations around them. This means cryptocurrencies can be listed on SA exchange platforms but the process will take 12-18 months. Dividends, love them but be careful. But we also need to remember a few important things about dividends. They can disappear as we saw in 2020. Even the most stable dividend payer can stop paying. REITs which have to pay them by law being a REIT structure) stopped paying because payment would see them fail their solvency tests. They are backwards-looking. A high dividend yield is certainly attractive, but is it because the price has been falling? Could this be a warning of a dividend cut? Cyclical stocks (think commodity stocks) pay massive dividends sometimes, then nothing for years. Boards can change the cover ratio. This is the percentage of HEPS they pay as dividends. In tough times they can cut them. As the company matures they pay more. Progressive dividends are the worst. The idea is that every year the dividend goes up a set percentage regardless of profits. A few local stocks have tried the idea, all have abandoned the idea. Cash dividend vs. script dividend. I'll usually take the script. Reg28, proposed a two-pot system Sam Beckbessinger: My fav ETFs

The FORT with Chris Powers
#229: Wes Mabry - Cost Segregation Studies in RE and why they're a beautiful thing

The FORT with Chris Powers

Play Episode Listen Later Jul 12, 2022 45:27


Wesley Mabry is an experienced Cost Segregation Consultant with over 15 years of experience in the industry across a wide range of asset classes. Mr. Mabry founded 1245 Consulting in 2017 and services all of the United States. Wes has performed thousands of Cost Segregation Studies analyzing over 8 billion dollars of real estate improvements throughout the United States. His experience includes working closely with Accountants, CPAs, EAs, REITs, Corporations, Partnerships, and individual investors. On this episode, Chris and Wes deep dive into cost seg and how they work, why different asset classes offer different depreciation possibilities and the implications of selling a property with accumulated depreciation through the life of ownership. They also discuss pending legislation and impacts on real estate/cost segs and much more. Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ Follow Chris on Twitter: www.Twitter.com/FortWorthChris  Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/  Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast Follow Wes on Twitter: https://twitter.com/1245consulting 1245 Consulting: https://www.1245consulting.com/ (03:59) - What is a Cost Segregation Study? (05:20) - How is it different from straight-line depreciation? (06:45) - Is there any reason why someone shouldn't do a Cost Seg? (08:42) - Can you do this on your own or do you need to hire a professional? (09:34) - Can this be done only on investment properties? (09:57) - Do the rules for Cost Segregation vary from state to state? (10:48) - What happens from the day I call you to get a Cost Seg to the day you send me the report? What then do I do with what you give me? (17:01) - An Industrial Deal example for Cost Segregation (20:13) - Are there any materials or components of a building that fall into gray areas? (22:26) - What are some asset types that receive the most benefit from Cost Seg?  (26:24) - Do you want to do a Study before you do improvements to the property or after? (28:23) - What is a recapture tax? (32:47) - What do owners who are long-term holders do once their depreciable amortization schedule expires? (34:23) - Is there any ongoing legislation that people should be aware of? (36:05) - The importance of Land Value (39:39) - Is everything predicated on the year the Study is done? (40:51) - Can you do another Cost Seg to an office building that you convert to residential? (44:03) - Wrap up and final thoughts The Fort is produced by Johnny Podcasts

Kay Properties Podcast
Kay Properties Matt McFarland and Betty Friant on The Importance of Education for Prospective DST Investors

Kay Properties Podcast

Play Episode Listen Later Jul 12, 2022 28:18


Welcome to DST 1031 Essentials with Kay Properties — An in-depth look at the many recurring themes and nuances of the Delaware Statutory Trust (DST) investment process.   Topics will cover 1031 exchanges, ins and outs of the Delaware Statutory Trust structure, timing, cash investing, REITS, funds, real estate and more.   The kpi1031.com platform not only provides access to these 25+ different sponsor companies, but also custom DSTs only available to Kay clients, full due diligence and vetting on each DST property on the platform (typically 20-40 DSTs), and an active DST secondary market. Kay Properties team members collectively have over 150 years of real estate experience, are licensed in all 50 states, and have participated in over 30 Billion of DST 1031 investments   In this week's episode, Vice President Matt McFarland and Senior Vice President Betty Friant talk about what investors should learn about before they consider and before they invest in DSTs.  They get into specifics about why education it's so important, what resources are available, and logical next steps.   Key Takeaways: [1:24] Risks and disclosures. [4:10] About Kay Properties & Investments. [4:51] Matt introduces Betty Friant and today's topic. [6:08] Knowing and understanding DST 1031 terminology is key. [8:32] Why is education so important for how investors approach DSTs? [10:34] What is the first thing Betty looks at in advising DST investors? [12:04] Kay Properties' has education resources such as webinars, blogs, white papers, educational dinners, 1031 DST Digest, books, and more. [20:04] What is the next logistical step after education to take towards a DST investment? [22:01] Betty wants investors to engage early and often with education and all things DSTs.   Resources Website: https://www.kpi1031.com/ Call Kay Properties at 855-899-4597 Meet the Kay Properties Team: kpi1031.com/meet-our-team   About Kay Properties and www.kpi1031.com    Securities offered through FNEX Capital member FINRA, SIPC. Potential returns and appreciation are never guaranteed and loss of principal is possible.  Please speak with your CPA and attorney for tax and legal advice.

The Self Storage Podcast
Ep95: What You Should Do As Recession Comes In - Richard Wilson

The Self Storage Podcast

Play Episode Listen Later Jul 12, 2022 25:24


With the recession looming ahead, how are investors dealing with it? Find out as Richard Wilson is pouring his insights into the real estate market and self-storage trends during these trying economic times. You'll learn what assets are better to invest in now and how businesses could thrive in an economic downturn, so don't miss this! WHAT TO LISTEN FORCurrent trends and changes in the real estate marketMultifamily vs. self-storage during the present economic crisisInsights on financing deals and opportunities despite a recessionThe importance of utilizing all possible resources to keep updated with self-storage trendsWhy you should prioritize your health and relationships firstRESOURCES/LINKS MENTIONEDThe Fantastic Life by Mr. R. Craig https://amzn.to/3OkIq5ZWhat It Takes by Steve Schwarzman | Hardcover https://amzn.to/3ctZGZp & Audiobook https://amzn.to/3z0UhkeABOUT RICHARD WILSONRichard Wilson is a third-generation Eagle Scout, husband, and father of three and currently lives in Scottsdale, Arizona. He is the CEO and founder of the Family Office Club, the number one largest association of over 3000 registered ultra-wealthy families and their family offices. Richard has helped to create and formalize over 150 family offices and counts a shark from Shark Tank, several billionaires, many REITS, and 700 plus investors with an average net worth of 28 million all as his clients. Richard works with the clients through investorclub.com and the Doctors Investor Club where he helps investors access various pre-screened direct investments. His 22-person team operates multiple media platforms, including Dentist Investors LLC, investorresidences.com, billionaires.com, and commercialrealestate.com. Richard has also written three number one best-seller family office books on Single-family Offices, How to Start a Family Office, and Centimillionaire Strategies and he has obtained his MBA and studied post-master psychology through Harvard University's ALM division.CONNECT WITH RICHARDWebsite: Family Office Club https://familyoffices.com/CONNECT WITH USWebsite: https://www.selfstorageinvesting.com/Facebook: https://www.facebook.com/selfstorageinvestingTwitter: https://twitter.com/SelfStorageGuyLinkedIn: https://www.linkedin.com/in/scottameyers/Youtube: https://www.youtube.com/user/SelfStorageInvestingInstagram: https://www.instagram.com/self_storage_investing/Subscribe so you never miss a NEW episode! Leave us an honest rating and review on Apple Podcast.

Apartment Building Investing with Michael Blank Podcast
MB326: Democratizing Access to Quality Real Estate Deals – With Jilliene Helman

Apartment Building Investing with Michael Blank Podcast

Play Episode Listen Later Jul 11, 2022 39:39


Real estate investing is a critical part of a diversified portfolio. And while most Americans have easy access to stocks and bonds, most don't know where to go to find private real estate deals. That's what inspired Founder and CEO Jilliene Helman to create Realty Mogul, a crowdfunding platform committed to democratizing real estate. Jilliene's background in banking exposed her to brokers, real estate lenders and trust officers, giving her a 360-degree view of wealth management—and a comprehensive understanding of the real estate market. On this episode of Financial Freedom with Real Estate Investing, Jilliene joins Garrett and me to discuss the challenges she faced early on in building Realty Mogul and describe what inspired her to persevere through 103 coffee meetings before she found a backer! Jilliene explains how the Realty Mogul marketplace differs from traditional syndication and explores the pros and cons of investing in individual deals versus real estate investment trusts (REITs) on the site. Listen in for Jilliene's thoughtful outlook on the current real estate market and get her advice for investing in the right opportunities during an economic downturn. For full episode show notes visit: http://www.themichaelblank.com/session326/

The Rules of Investing
How Perpetual's Vince Pezzullo invests when multiples retreat

The Rules of Investing

Play Episode Listen Later Jul 8, 2022 49:39


Markets are a right mess today, thanks to surging inflation and the fear of what that will do to earnings.   In this environment, you want companies that have the market position, leadership and balance sheets to survive. However, actually finding these companies is no mean feat.  On today's episode of The Rules of Investing, Livewire's David Thornton sits down with Vince Pezzullo - Deputy Head of Equities at Perpetual. Vince joined Perpetual in 2007 and has covered a heap of sectors since then; you name it - chemicals, financials, banking, telecommunications, materials and REITS. He now heads up the Australian Share fund, Geared Australian Share fund, Direct Equity Alpha fund and the Perpetual Equity Investment Company (ASX:PIC) with about $435 million under the hood. There's not much we don't cover in this episode. We take a granular look at the affect inflation is having on valuations and company decision-making, the structural shifts afoot in the energy market, and the qualities every company in your portfolio should have.  We even discuss an Irish gambling stock making waves in a wide-open US market.    This episode was recorded on June 23, 2022.  Timestamps 1:45 - Company margins 5:00 - Investing to get down the cost curve 6:00 - DuPont ROE 7:30 - Growth stock valuations 9:30 - Energy, the global tax on growth 10:45 - Shifting trade flows 13:10 - Santos 14:30 - Energy sector going from spot price to contracts 19:45 - Banks margins and rising rates 23:00 - Inflation: 1990s vs 1970s 25:30 - An investment checklist during high volatility 28:00 - The limit to duration risk 29:10 - The importance of real assets 32:00 - The Irish bookmaker making waves in the US 39:00 - 3 favourite questions

Americana Partners
Stay Invested- June 2022 Market Commentary Special Report

Americana Partners

Play Episode Listen Later Jul 6, 2022 4:13


Melissa Giles, Director of Portfolio Management with Americana Partners presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners.  Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg   Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.

Street Smart Success
183: Great Self-Storage Opportunities in Tertiary Markets

Street Smart Success

Play Episode Listen Later Jul 6, 2022 45:00


In major markets, the competition in self-storage is fierce with REITS and other institutional players competing for customers. In smaller markets, however, there are ma-and-pa owners who have not maximized their operations and therefore represent great opportunities for professional operators to invest. Mark McGuire, Chief Investment Officer of Hearthfire Holdings is finding these opportunities and is generating compelling returns.

TD Ameritrade Network
Now The Time To Invest In REITs

TD Ameritrade Network

Play Episode Listen Later Jul 6, 2022 5:18


"I believe that now is the optimal time to invest in REITs. The first half of 2022 is not reflective of the strong long term fundamentals in real estate. If you compare REITs to a high tech fund, the outperformance has been enormous," says Alex Snyder. "When you purchase a REIT, it's safer and usually recovers faster than other investments. There are commercial and residential REITs. If you're not sure about being a landlord on your own, now is the time to look into REITs," Debbie Bloyd adds.

The Cannabis Investing Podcast
Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization

The Cannabis Investing Podcast

Play Episode Listen Later Jul 6, 2022 47:54


Brad Thomas, who runs iREIT on Alpha, breaks down why cannabis REITs are an income play and a growth story. Lack of federal legalization affords cannabis REITs a strong opportunity as real estate is a big part of the industry. We discuss the value of licenses, leases, good and bad tenants. Brad's bullishness on Innovative Industrial Properties (IIPR), as well as NewLake Capital (NLCP), AFC Gamma (AFCG) and Power REIT (PW). Learn more about your ad choices. Visit megaphone.fm/adchoices

Americana Partners
Stay Invested - June 2022 Market Commentary

Americana Partners

Play Episode Listen Later Jul 6, 2022 43:18


Melissa Giles, Director of Portfolio Management with Americana Partners presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners.  Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg   Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.