REI Wealth issue 56 Digital - Ladies Who Rock REI | Page 102

Can you depend on REIT amid this uncertain time ?
In this devastating 2020 , where everything is uncertain , people are almost dependent on stimulus packages , the question will come to mind that is it a good time actually to invest in REITs ?
Well , financial experts are saying that if you have money in hand now then the better option for you is to invest in REITs than the stock market .
With REITs , your investment will grow in less­volatile conditions and in a stable and balanced way . It is only REIT investment that is providing you an opportunity like you can deduct up to $ 3000 from your taxable income if you suffer any loss .
Image by mohamed Hassan from Pixabay
But REIT experts are saying that you can avoid three types of REIT investment now and they are the hotel , hospitality , and retail . The hotel and hospitality business is in its bottom level currently due to tour and travel is at its lowest strata .
The same thing happened with the retail stores . Due to lockdown , nearly all the retail stores are closed so retail REITs are not much profitable now .
So , if you keep these points in mind even in this uncertain time , you can depend on REITs to earn passive income .
Can you depend on REITs during an emergency ?
Average Americans tend to use the ‘ quick­money­way ’ for fulfilling any emergency . For Americans , quick­money means either high­interest credit card loan or a payday loan . But both are not good for your financial health . The minimum interest rate of a payday loan is 391 %. For a small loan amount , you have to pay off a ballooning interest rate .
Rather than this option , during any emergency , if you sell your REIT stock , you can get a lump sum amount most safely .
However , if you are already entrapped in payday loans then you can choose the consolidate payday loans option for now . Eventually , REIT is more dependable to you as an option to get out of any financial emergency .
Final words ,
is higher earnings for REITs investors . In brief , if you want to earn a passive income without taking much hassle or risk , you can depend on REITs . That is why REITs are the dependable income avenue for you even for your after­retirement­phase or if you are a rookie investor .
MEET PHIL BRADFORD
Phil Bradford is a financial content writer and an enthusiast . He has expert knowledge about personal finance issues and he is a regular contributor of Debt Consolidation Care . His passion for helping people who are stuck in financial problems has earned him recognition and honor in the industry . Besides writing , he loves to travel and read books .
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