Over time in our lives we all get into what is called a comfort zone. When it comes to your daily life it may mean that you prefer the status quo of an 8-hour workday, a meal an hour after work, and TV until bed. While you like the idea of other things in your life, when it comes down to it, you often choose the simple, same old same old routine because it's easier and more comfortable.
Many people also get into the same rut when they are in the world of real estate investing. These are people who purchase certain REITs or real estate mutual funds that they know and trust and hold on to them. Day after day their portfolio stays the same. Even if there are bad days, they don’t want to change anything because it is more comfortable to stay where they are.
This is not how millionaires are made. Thos who really make a lot of money in the real estate investment markets are willing to take gutsy steps on Wall Street and step out of their comfort zone in order to see greater returns.
Initially this may sound foolish. Why do something that is uncomfortable? Well, we are not advocating stepping into something new, that you don't understand blindly. Instead, you need to get out of what you know and move into an area of new possibilities, and then find ones that will help you thrive.
Education
The first step in doing this is to educate yourself on the opportunities and options out there. A wise way to begin this is by signing up with REITBuyer.com. REITBuyer.com is the first and only online brokerage that specializes in REITs and real estate mutual funds. This means not only can you buy and sell on the site, but you will also have access to a lot of the information you need to make wise investing decisions for your financial future.
Start by reading the news that is related to the real estate industry. The news feed on REITBuyer.com will give you a number of stories that are happening now to give you a current and immediate idea of what is happening in this market. This is vital to know when you are trying to figure out what may be happening in the future that will impact your portfolio.
Next, get to know some of the other options out there. While you may like the REITs and real estate mutual funds you currently have in your portfolio, there are others out there and some of them may be a gold mine just waiting for you to buy them. The more you know about the new items on the market, the sooner you can get in. That means if they shoot to the top, you will be in on the ground floor and enjoy the ride.
Remember, you are in control of how much money you make while investing. The more of you that you invest into this, by studying the options and learning about what you can do, the more chance you have of seeing greater returns on your investments.
This article was written by Earl E. Bird, III, spokes person for the REIT Buyer.com, a full service online information resource dedicated to assisting investors who are interested in learning more about Real Estate Investment Trusts (REITs), Real Estate Mutual Funds and how to invest in them. Read more great articles on Real Estate Stocks at http://thevillageat.blogspot.com/
Sunday, May 17, 2009
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