“They've got about 57% of their portfolio that are invested in equities and stocks, about 8% in bonds”
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Said on The SME Stream
Rich Habits Podcast · 194: The Rules of Rich Habits
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suggest selling a two-unit rental property to unlock about $900,000 of equity and invest it in the stock market
$900,000 equity, $1.5 million property value, $590,000 loan
“They've got about 57% of their portfolio that are invested in equities and stocks, about 8% in bonds”
“You don't necessarily have to use the same value for the bank for stamp duty and for capital gains tax purposes. The bank may value a property at a million dollars, but you might sell it for $900,000.”
“We basically just invested in index funds. I think half of it was in a total stock market index fund. The other half was in a total international stock market index fund.”
“It's about $500 million if you're going to have a deal team and if you're going to invest in the private markets, which is private equity, venture capital, real estate.”
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