UNSCRIPTED

-Estate Investment Trusts (REITS)

Must not be a new offering; preferably three years or more trading history
Dividends must be stable or rising.
Funds From Operations (FFO) must be stable or rising. If this metric is not easily obtainable, use Net Margin.
Daily trading volume of at least one million shares
Prefer REITs with physical assets over paper (notes), which can be more volatile and subject to asset price declines.
Dividend yield should not exceed five times S&P 500 dividend.

Notice that none of these is a tiny, unknown company small enough to be shielded from public scrutiny. Each of these entities is large enough where a failure (or a large-scale fraud) in any of them would inject systemic risk into the world banking system. In other words, if Vanguard’s umbrella of shareholder-owned companies fails, I know we’re looking at a worldwide failure in the banking system and, perhaps, an event so large that the world will never be the same.

When you trust your entire nest egg to Donald Lapre at a boutique firm working out of a 1,200-square-foot office in Hoboken, you aren’t afforded such protection. I invest in peer-to-peer lending, but the apocalypse rule keeps my investment under six figures because the concept is too new and too untested. A fraud or failure in these companies might be worth thirty seconds on CNBC’s Squawk Box, but for the wronged investor, the impact could last thirty years

example, here is the list of institutions that hold my cash and/or paycheck-pot assets:

Fidelity
TD Ameritrade
Vanguard
Charles Schwab
JP Morgan
T. Rowe Price
Bank of America
Blackrock

for the rent you should receive, it should come every month or quarter in any of the aforementioned income streams: dividends, interest, or partnership income.

INSIGHT(S) TO CONSIDER…

1 - How we manage our selfishness determines if we operate our business within the gray area of value-cheating or the sunny skies of value-providing.

2 - Your relationship with money is defined by one of the three monetary identities: 1) money-chasing, 2) value-cheating, or 3) value-vouchering. Which is it?

consumer-to-producer shift means behaving like one. That means:

You lead the herd, not follow it.
You pave new paths, not harden the already well-worn ones.
You create and sell franchises, not buy them.
You receive rents or royalties, not pay them.
You lend, not borrow.
You create and sell a brand; you’re not buying the brand.
You hire employees, not seek to be hired as one.
You sell products on late-night infomercials; you’re not buying them.
You sell on Black Friday, not buying on Black Friday.

Make life your game: you acquire experience points, gold, money, cars, assets, liabilities; you weigh decisions, act, not act, solve problems, and overall, manage yourself as a player. And yet, instead of seeing life as a game to be won, the SCRIPT has confiscated your player avatar and made you the one to be gamed.

The paradox of practice is the art of selling a strategy that the author doesn’t really use or that isn’t responsible for making him rich. It’s not practicing what you preach. It’s selling real-estate books, but you don’t own any real estate. It’s selling entrepreneurship but you never built anything profitable. It’s selling fitness but you’re flabby. It’s selling a get-rich book but, well, you’re not rich

QUESTION(S) TO PONDER…
I am an author, entrepreneur, and an investor. How do you currently identify yourself? Unemployed college grad? Car salesman? And does it serve your goals

James Clear, author of Atomic Habits (recommended read) says “prove your identity” daily