It’s a story that’s familiar to everyone who’s ever spent time at a bank.
You see it, you hear it, and you eventually buy the latest product or service in order to reap the benefits of the hype and the rush.
But as we enter an era of ever-more complex financial products, a new form of wealth management has emerged: what’s known as a “real estate portfolio.”
The real estate portfolio is the best way to invest your money if you want to stay in the game and build a wealth portfolio that’s actually worthwhile, says Jeff Zimbalist, founder and CEO of Zimble.
“It’s not about getting rich, it’s about building wealth.”
In a nutshell, Zimblists goal is to build a portfolio that looks like the real estate it’s meant to represent.
You’ll want to invest in everything, from the most recent home you bought to the newest house you want.
You can even invest in a new business that you’ve already invested in, like your business’ stock price.
That way, you can diversify your portfolio, while also preserving your current income.
Zimbalists portfolio is built on two pillars: equity and debt.
Equity is the basic asset class: stocks, bonds, and other financial instruments.
The basic rule of investing is to buy into companies that have a marketable product and are growing their market value.
Debt is a less-traditional type of equity, like cash.
In other words, it represents money you hold to use to pay off debt.
As of March, Zimbals portfolio consisted of about $1.6 million in assets.
It includes about $2.5 million in mortgage debt, $2 million in credit card debt, and $2,500 in student loans.
That means you could invest $2 in the stock market for $2 worth of equity.
For those of you who haven’t heard of Zimbbalists wealth management product, it works like this: a user clicks on a particular stock, which will show you how much it’s worth right now.
If the stock is trending upward, you’ll see how much you could buy in order not to miss out on the rising value.
If you want the most out of your investments, you want stock that’s going up, so you click on the “Sell” button.
If you want more than you can afford to lose, you click “Buy” and the stock will return you the cash you need to buy in the market.
You’ll also be able to monitor the market in real time with Zimbs free online tool, Real Time Market Data.
It provides you with historical price movements, daily forecasts for how long the stock price will go up and down, and how much the market will appreciate over the next 24 hours.
It’s also worth noting that Zimbalist doesn’t invest exclusively in stock.
He has been a real estate investor for more than 30 years, and his portfolio is made up of stocks and other debt.
“You want to make sure you’re diversifying your portfolio by buying and holding investments that have less volatility,” he says.
“You can diversitate that portfolio through a credit card, through a mortgage, through an investment in a business, through some other type of debt.
You can even do it with cash.
You want to diversify and have a diversified portfolio.”
Zimbbalist is also a real-estate investor.
“I’m not just a broker,” he explains.
“My portfolio has investments in every real estate sector in the world, from condos to apartments to office buildings to retail spaces.”
What’s the catch?
The only way to get a diversification plan is to be in the real-life market.
But there’s no reason you can’t start to think about real estate investing like you do with stock investing.
That’s because it’s a relatively easy investment to understand.
“If you’re interested in buying an investment that’s a little more riskier, that’s what the realtor market is for,” Zimbals says.
“But you don’t need to do everything you can do on Wall Street.
It’s just a matter of taking the same principles of investing and putting them into the real world.”
For more of our advice on investing, check out our guide to investing like a realtor.