investing in REITS

πŸ“ˆ If you don’t want to spend a fortune on buying real estate

Then buy REITs.

I momentarily forgot buying stocks isn’t “just buying parts of companies/raw materials”. Well actually it is, bΓΊt instead of your average Tesla/S&P500/Facebook stock, you can also invest in real estate.

Tony reminded me again in one of his books to invest in REITS aka β€œReal Estate Investment Trusts”

Bluntly: REITS are lower risk, lower work and lower returns versus putting your money in buying your own physical real estate. I invested a little bit in Digital Realty Trust (NYSE:DLR). It operates data centres and has customers like Facebook. It’s been up for roundabout 20% this year and pays a 3.1% dividend.

I probably lost more with transactions costs and FX-rates but feel like a real big baller by finally dipping my toes in REITs and call myself a REIT-owner. And isn’t that what it is all about? #braggingrights

Please be aware the above is a compilation of Investopedia x Reddit. My last β€œlegit” encounter with financial management was in a course called β€œFinancial Management” taught in 2009 at uni. IDKWTFIM (short for β€œI don’t know what the F I’m doing”). You know the drill: if you lose money don’t come knocking at my door, if you become a millionaire you should def buy me a boat πŸ’©.

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