There are many real estate investors who never purchase properties, speak to property managers, deal with tenants or even sign escrow papers. These investors are what are referred to as truly passive investors, whose primary investment is the capital they infuse into other (less passive) investors’ projects. In this episode, Dr. Buck Joffrey, a physician turned full-time investor, shares his insider secrets on how he is making investments that beat anything Wall Street has to offer.
Passive investing is an investment strategy that aims to maximize returns over the long run by keeping the amount of buying and selling to a minimum. The idea is to avoid the fees and the drag on performance that potentially occur from frequent trading. Passive investing is not aimed at making quick gains or at getting rich with one great bet, but rather on building slow, steady wealth over time.
Also known as a buy-and-hold strategy, passive investing involves buying a security with the intention of owning it for many years. Unlike active traders, passive investors are not attempting to profit from short-term price fluctuations, or otherwise “time the market.” The basic assumption that underpins a passive investment strategy is that the market generally posts positive returns given enough time.
Increasingly investors are looking for strong investments that will produce yields that surpass the fraction of a percent most bank savings accounts offer or even the 2-5% yield of CDs and
A little on his background – Buck is an accomplished Physician, Entrepreneur, Asset Manager and Podcaster. Since finishing his medical training in 2008, he has one from being broke to having an 8 figure net worth. Sharing some of his strategies and investment expertise and to help some of his high paid professional colleagues, he started a financial education website called WealthFormula.com and hosts the popular Wealth Formula Podcast.
Buck knows the old mantra of “investing in a diversified portfolio of stocks, bonds, and mutual funds,” is outdated and dangerous for high paid professionals given the volatility and instability of the current global economy. Therefore, he advocates entrepreneurship and/or investing in hard assets that provide a cash flow as a more reliable way of approaching personal finance. Through a strong foundation of financial education and emphasis on cash flow investing, Buck teaches professionals how to take charge of their money and prosper.
To hear Dr Joffrey’s first interview on the Old Dawg’s REI Network, entitled “Part-Time Real Estate Investing,” go here: http://olddawgsreinetwork.com/071-part-time-real-estate-investing/
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