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Search resuls for: "Waresmith"


4 mentions found


☆ A self-made millionaire who has invested in real estate, stocks, and crypto shares why index funds are the No. 1 way anyone can build wealth
  + stars: | 2024-07-20 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +1 min
Tess Waresmith advises prioritizing stock-market investing over real estate for ease and growth. Waresmith, a financial educator, emphasizes learning the basics of low-cost index funds for wealth. Her diversified portfolio includes rental units, index funds, individual stocks, and crypto assets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If she could go back, Waresmith says she would've prioritized stock market investing — specifically, buying low-cost index funds — over real estate.
Persons: Tess, —, Tess Waresmith's, Waresmith Organizations: Service, Business Locations: Tampa , Florida
☆ Real estate pros agree that rental income isn't 'passive' and are turning to more hands-off strategies
  + stars: | 2024-07-18 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +7 min
It sounds simple enough — rent comes in and, ideally, it's greater than the rental expenses, resulting in positive cash flow — but real estate investors agree that rental income shouldn't be categorized as passive. "You hear that real estate investing is passive, and that's certainly not been my experience," New England-based investor Tess Waresmith, who owns five units, told Business Insider. But when I'm not actively buying, I don't spend much time on real estate." Real estate syndicationWith real estate syndication deals, a group of investors pool together their capital to purchase a single property managed by the syndicator. He recommends starting with an online search for "real estate syndicates" or "commercial real estate syndicates" if you're specifically interested in commercial deals.
Persons: —, that's, Tess Waresmith, Stephen Yin, I'm, Carl, Mindy Jensen, we've, Mindy, Erik Smolinski, Smolinski, hasn't Organizations: Service, Business Locations: New England, Los Angeles, Birmingham, Colorado
☆ A self-made millionaire shares the money advice she'd give her 20-year-old self, including mistakes to avoid
  + stars: | 2024-07-17 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +4 min
"I was very lucky that I started from zero with my financial journey," the New England-based 36-year-old told Business Insider. AdvertisementThe financial educator, whose mission is to help young women grow their wealth, didn't get to where she is without a bit of trial and error. AdvertisementWhen you first start investing, "it can feel like it takes some time," she noted. "But once you start building wealth, whether it's in real estate or the stock market, your efforts really do start to compound. Overpaying for a financial advisorWhen Waresmith eventually put her cash to work in the stock market around 2013, she paid a financial advisor to manage her portfolio.
Persons: —, Tess Waresmith, Waresmith, Tess, didn't, she'd, hasn't Organizations: Service, Boston University, Business Locations: England, America
☆ A 36-year-old who built a seven-figure net worth shares how she invested her money and her current portfolio
  + stars: | 2024-07-16 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +10 min
Courtesy of Tess WaresmithHer current portfolio: real estate, index funds, individual stocks, crypto, and cashWaresmith has continued to diversify her portfolio over the years. "But then there are other ways to diversify within the stock market and also outside the stock market. "I think there's a misconception around real estate investing that you have to have 300 units to be successful," she said. In her case, the first deal she did was "a total game changer and allowed me to invest more in the stock market. The stock market: index funds and individual stocksWaresmith prefers index funds because "it's such an easy way to get exposure to the whole stock market," but a small portion of her portfolio, less than 5%, is in individual stocks.
Persons: —, Tess Waresmith, Waresmith, Tess, Waresmith's, I've, she's, I'm, It's Organizations: Service, Boston University, Fortune, Business, BU, America Locations: New England, America, Tampa , Florida, Salem , Massachusetts, Tampa, Massachusetts
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