When we do have saving to invest, where do we put it? The traditional way is the stock market. With low interest rates for the last several years, real estate has become a very popular “alternative investment”. With interest rates hovering around 8%, and the stock market seeing big swings on a daily basis, how do we invest, with confidence, in either.
1. Don’t let interest rates scare you. it has scared off some of your competition, so it might be the perfect time to buy. Fewer bidding wars!
2. Build equity in your home, and look for dividend producing and growth stocks
3. Remember the building generational wealth is the long game
4. Be patient, and wait for the right investment. Good time to save cash.
5. Be conservative. Choose blue chip stocks and buy real estate in neighborhoods which will appreciate the most.
6. Buy and hold. Transferring ownership in real estate and stocks has fees and tax implications. Investigate before making any decisions!
7. Start early, but it is never too late! Teach your children the basics of investing, and encourage young people to invest! Save Lululemon for babysitting money only!
8. Choose your team! Always use a professional to invest, wether in stocks or the real estate market.
In the Winston-Salem residential real estate market there are still very few homes for sale, especially in the neighborhoods which have seen record appreciation in the last few years. Curious about the value of your home and how it affects your net worth? Let’s chat.
Berkshire Hathaway HomeServices Carolinas Realty
Tori Boysen
Broker
336-345-3499
tori.boysen@bhhscarolinas.com
www.toriboysen.com
