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How to Be Rich by J. Paul Getty

How to Be Rich by J. Paul Getty


JP Getty’s father, George Getty, had grown up poor on an Ohio farm, but later managed to get through law school supported by his wife. He became a successful Minneapolis attorney and later did well in the Oklahoma oil rush.

Into this relative prosperity, John Paul was born in 1892, an only child. He writes fondly of a teenage apprenticeship as a roustabout in the oilfields, then very much a dusty frontier place of rough men, “where gambling halls were viewed as the ultimate in civic improvements.” In utter contrast, he then spent two years at Oxford before returning to the States.

He had planned to enter the US Diplomatic Service, but at 22 he went into business on his own as a ‘wildcatter’ (an independent oil driller and speculator) and got lucky with some oil leases. He was a millionaire by age 24. Deciding to ‘retire’, he enjoyed himself for a couple of years, but his parents were not pleased, his father telling him that he had a duty to build and operate businesses that created wealth and a better life for people.

The oil rush had shifted to California, and Getty decided to invest in new oil leases near Los Angeles. His business rapidly expanded over the next few years, but his father’s death in 1930 was a setback. It was said that Getty Snr left John Paul $15 million. In fact, it was $500,000.

Amidst the Depression of the 1930s, Getty came up with the idea of an integrated oil company spanning exploration, refining, and retail marketing. He bought up oil stocks which were now very cheap, purchased the Pierre Hotel in New York at a bargain price, and began a difficult 15-year takeover of the Tidewater oil company, then one of California’s largest. After WWII, Getty Oil gambled $12 million on oil concessions in Saudi Arabia. Though it took a further four years and $18 million for the wells to produce, by then the world had become aware of the vast reserves in the area, and the gamble paid off handsomely.

In 1957, Fortune magazine named Getty the richest man in America with an estimated worth of $1 billion. He would from then on receive on average 3,000 letters a week from strangers requesting money.


There are plenty of books on making money by men who haven’t made much. But if J. Paul Getty, who Fortune magazine called “the richest man in the world, ” doesn’t know how who does? Here the billionaire businessman discloses the secrets of his success – and provided a blueprint for those who want to follow in his footsteps. And he goes beyond the matter of making money to the question of what to do with it.

Real Estate Investment Trust Investing

Real Estate Investment Trust

Real Estate Investment Trusts (REIT)

Investing in real estate can be quite profitable. It can, at times, be more beneficial than other forms of investing holdings such as stocks or bonds. 

However, directly investing in real estate can be a bit laborious and expensive. Surveying the market for available properties can take up a lot of time. Additionally, the whole transaction process can take a long while to complete. A Real Estate Investment Trust (REIT) is the solution for those of you who want to invest in real estate but don’t have a large sum of money. 

If you don’t know what a REIT is, don’t stress. We will talk about all the details you need to know about REITs. So, let’s have a closer look. 

What is a Real Estate Investment Trust (REIT)?

A Real Estate Investment Trust, or REIT for short, is a company that allows multiple investors to stockpile their money to invest in different types of real estate. Most REITs focus on particular sectors of real estate, but others cover multiple sectors. 

However, be it diversified or specialty REITs, both offer a wide variety of properties in their portfolios. This can include warehouses, hotels, apartment complexes, healthcare facilities, and retail centers. This means you also have an option to diversify your real estate investments. 

With REITs, investors are given shares and get a proportional percentage of the interest generated through the income and assets of the investment firm. While directly investing in real estate properties requires a large sum of money, REITs allow you to invest in real estate properties with even a modest amount.

Introduced in the United States in 1960, REITs were designed to allow the average citizen to attain income by investing in commercial real estate. This way, investors can earn income through rent without completely owning the property. 

How Do REITs Work?

Following a simple business model structure, REITs offer a space for rent, and then they collect and distribute the income as shares among the investors. For a firm to qualify as a REIT, it needs to comply with the Internal Revenue Code

Some of the specific requirements that the REITs must meet are:

  • Investment of at least 75% of its total assets must be in real estate.
  • The source of at least 75% of its gross income must be from real estate.
  • Investors should get 90% of their taxable income as dividends to its shareholders.
  • After a year of establishment, it must have at least 100 shareholders.
  • It must not have five or fewer individuals holding more than 50% of shares by the latter half of the taxable year.
  • Like corporations, it should be taxable to the IRS.
  • A board of directors or trustees.

Different Types of REITs

As an investor, you have the opportunity to pick from various types of REITs. REITs are classified according to the sort of business they conduct and how they generate income. So, the whole buying and selling process comes into play.

Public REITs

Regulated by the U.S. Securities and Exchange Commission (SEC), Publicly Traded REITs are listed on a stock exchange, similar to public companies. These offer investors the benefit of liquidity as you can trade freely on an exchange. However, this liquidity is tied by a liquidity premium to the value of stocks. This might mean a low return rate for investors, as the value might fluctuate depending on the stock market. 

Publicly non-traded REITs have caught the public’s eye due to the double-digit shares distributed among investors. However, the large advance fee that is often taken from investors and the ambiguity that surrounds it has caused some scrutiny from the public. The SEC’s Investor Bulletin claims that some non-traded REIT advance fees can be equivalent to around 15% of your initial investment, making it one of the highest fees in the financial sector.

Private REITs

Not registered with the SEC, Private REITs are not tradeable on national securities exchange platforms. These companies function privately and only sell to their list of private investors. Such investment companies are also not bound by the same regulations as those REITs that are on the stock exchange.

Equity REITs

Equity REITs are more involved in the ownership, management, and expansion of commercial assets. Most of the income comes from rent payments. There is rarely any reselling of assets involved with these REITs. These can be either diversified or specialty REITs. They invest mostly in retail, office, residential, industrial, and hotel properties.

Mortgage REITs

Mortgage REITs have ownership of real estate debt, which means their main source of income comes from the net interest margin. The net interest margin refers to both the interest acquired through the mortgage loan and the funds invested in these loans. 

Money is lent either through loans and mortgages, or it is done through the purchase of mortgage-backed securities (MBS). MBS refers to the various investment holdings that the government-sponsored enterprises (GSEs) supplies. Since these REITs pivot around mortgages, they are vulnerable to the changes in interest rates.

Hybrid REITs

Hybrid REITS utilize both real estate property and mortgage loans. Usually, such companies lean towards one side more. So, they’ll either focus more on rental properties or mortgage loans. Such companies not only benefit from both forms of investments, but the risk also runs low in comparison to investing in only one sort.

The Advantages and Disadvantages of Investing in REITs

Whether you’re investing in stocks, bonds, or real estate, they all have their pros and cons. Let’s take a look at some of the advantages and disadvantages of REITs.

One plus of REITs is that they’re pretty simple to purchase and sell, as almost all REITs are tradable on the public exchange. This reduces the challenges faced by traditional forms of investment in real estate. 

Furthermore, conventional real estate is illiquid, so it can take a long time for you to purchase or sell properties. It also veils a lot from investors because you don’t always know if information related to taxes and ownership is accurate or not. REITs, on the other hand, are constantly regulated by the SEC and are required to submit audited financial reports. 

In terms of its performance, REITs provide investors with a risk-adjusted and steady flow of returns. Moreover, REITs can help diversify your portfolio with different assets.

One of the major drawbacks of REITs is that they are sensitive to the fluctuating market. As is the case with most investment holdings, REITs also don’t come with 100% profit assurance, and neither do they protect you from losses. In some cases, you may have to pay high up-front or transaction fees.

There also isn’t much room for capital gain. As 90% of income is returned to investors as dividends, the enterprise can reinvest only 10% of the remaining taxable income for purchasing new property.


  • Allows for liquidity
  • More transparency in comparison to traditional forms of investment
  • There is risk-adjustment of returns
  • Help diversify your portfolio
  • Stable cash flow


  • Little room for capital gain
  • Dependent on market fluctuations
  • High transaction and management fees

How Can You Invest in REITs?

If you want to invest in REITs, you can take into consideration publicly-traded REITs, REIT mutual funds, and REIT exchange-traded funds. You can invest in these by buying funds from brokers. If you’re more interested in non-traded REITs, we suggest looking for a financial advisor or broker who specializes in the non-traded REITs. 

Nowadays, REITs are also a part of employer-sponsored retirement plans, be it defined-benefit or defined-contribution. According to research conducted by Nareit, a research and advocacy firm in the U.S., approximately 80 million investors in the U.S. possess REITs vias retirement plans and other investment funds. 

We also suggest looking into the track records and the management board to find out how they’re remunerated. If the firm is focused on performance, they’ll probably be working to incorporate the best strategies and to invest in good properties. Keeping up to date with the company numbers is also very useful. Check the predicted growth in earnings per share (EPS) and the current income flow.

Two helpful metrics to glance at are the REIT’s funds from operation (FFO) and the Financial Management Rate of Return (FMRR). The former measures the income flow produced through the assets of the REIT. The latter evaluates the performance of the investment done by the REIT.

Which REIT Sector Should You Choose?

An important factor to take into account when investing in a REIT is to see which real estate sectors are currently booming. Just think of general economic sectors that do well in the market and can be accessed through real estate. For instance, you can take into consideration the health sector in the U.S., which is developing fast and can provide a stable source of capital. 

Final Thoughts

REIT is a good option for people who just want to invest in real estate and don’t want to manage anything. For example, you don’t have to worry about landlord duties because the REIT does the job for you. They manage, purchase and do the bookkeeping for you. Moreover, you can even buy shares with a modest investment and get dividends from the rental payment. 

For people who don’t want to go through the hassles of traditional forms of investment, REITs are a great option. By now, you should know everything there is to know about REITs. We suggest you weigh your options and decide what to do with your money.

For more articles check out our REIT/ETF category or Investing category

Top 5 Monthly Dividend Stocks

Top 5 Monthly Dividend Stocks

While dividends are normally paid to stockholders on a quarterly basis or yearly basis, some equities pay dividends monthly. Those who reinvest monthly dividend can grow their positions more quickly by using the cash to repurchase shares of stock.

Realty Income Corporation

Realty Income Corporation (O) is a real estate investment trust (REIT) with some 5,900+ Properties Under Long-term Net Lease Agreements with commercial tenants.
Since 1995, the company has been paying monthly dividends, supported by the cash flow generated by its property holdings.

It has increased dividends 102 times since first going public.

Shaw Communications Inc

Canadian cable company Shaw Communications (SJR) has succeeded in growing its dividends for more than 10 years, thanks to its multiple business lines that include broadband Internet, Wi-Fi, digital phone services, and video services.

  • Average volume: 660,792
  • Market cap: $9.851 billion
  • P/E ratio (TTM): 257.84
  • EPS (TTM): $0.07
  • Dividend and yield: $0.90 (4.56%)

Pembina Pipeline Corporation

Pembina Pipeline (PBA) provides transportation and midstream services for the North American energy industry. Its three business silos include facilities, new ventures, and pipelines. 

Even so, the company has grown its dividend for the past five years and currently pays 5.09%.

  • Average volume: 469,989
  • Market cap: $18.555 billion
  • P/E ratio (TTM): 19.79
  • EPS (TTM): $1.83
  • Dividend and yield: $1.82 (4.98%)

Gladstone Commercial Corporation

Gladstone Commercial Corporation (GOODO), operates net leased industrial and office properties and has made regular monthly dividend payouts since 2005.

As of April 2019, Gladstone has paid 172 consecutive monthly cash distributions on its common stock. It likewise has paid 160 consecutive monthly cash distributions on its Series A Preferred Stock, 151 consecutive monthly cash distributions on its Series B Preferred Stock, and 36 consecutive monthly cash distributions on its Series D Preferred Stock.

  • Average volume: 1,475
  • Market cap: $660.41 million
  • P/E ratio (TTM): 1,247.73
  • EPS (TTM): $0.02
  • Dividend and yield: $1.88 (6.88%)

Gladstone Investment Corporation

Gladstone Investment (GAIN), which focuses on buyouts and recapitalizations of companies, has grown its dividend for over five years. This, coupled with rosy prospects for a robust buyout market moving forward, make this monthly income stock an attractive prospect for income-seeking investors.

  • Average volume: 128,850
  • Market cap: $373.52 million
  • P/E ratio (TTM): 6.75
  • EPS (TTM): $1.68
  • Dividend and Yield: $0.82 (7.08%)

More Investing and dividend stocks tips please look at Investing Category and Stock Category.

Best Business Books of All Time.

Best Business Books

This is 9 Business books that are the best of all time and for long term multi-generational wealth and business practices. ENJOY!


With more than one-quarter of a million copies sold worldwide, Influence has established itself as the most important book on persuasion ever published. In it, distinguished psychologist Robert B. Cialdini, Ph.D., explains why some people are remarkably persuasive and how you can beat them at their own game. You’ll learn the six psychological secrets behind our powerful impulse to comply, how skilled persuaders use them without detection, how to defend against them–and how to put those secrets to work in your own behalf. This indispensable book guarantees two things: You’ll never again say “yes” when you really mean “no” and you’ll make yourself more influential than ever before. 


In this revolutionary bestseller, Harvard professor Clayton M. Christensen says outstanding companies can do everything right and still lose their market leadership — or worse, disappear completely. And he not only proves what he says, he tells others how to avoid a similar fate.

Focusing on “disruptive technology” — the Honda Super Cub, Intel’s 8088 processor, or the hydraulic excavator, for example — Christensen shows why most companies miss “the next great wave.” Whether in electronics or retailing, a successful company with established products will get pushed aside unless managers know when to abandon traditional business practices. Using the lessons of successes and failures from leading companies, The Innovator’s Dilemma presents a set of rules for capitalizing on the phenomenon of disruptive innovation. Find out: When it is right not to listen to customers. ?When to invest in developing lower-performance products that promise lower margins. ?When to pursue small markets at the expense of seemingly larger and more lucrative ones. Sharp, cogent, and provocative, The Innovator’s Dilemma is one of the most talked-about books of our time — and one no savvy manager or entrepreneur should be without.


The Challenge:
Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the very beginning.

But what about the company that is not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness?

The Study:
For years, this question preyed on the mind of Jim Collins. Are there companies that defy gravity and convert long-term mediocrity or worse into long-term superiority? And if so, what are the universal distinguishing characteristics that cause a company to go from good to great?

The Standards:
Using tough benchmarks, Collins and his research team identified a set of elite companies that made the leap to great results and sustained those results for at least fifteen years. How great? After the leap, the good-to-great companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen years, better than twice the results delivered by a composite index of the world’s greatest companies, including Coca-Cola, Intel, General Electric, and Merck.


The bible for bringing cutting-edge products to larger markets—now revised and updated with new insights into the realities of high-tech marketing

In Crossing the Chasm, Geoffrey A. Moore shows that in the Technology Adoption Life Cycle—which begins with innovators and moves to early adopters, early majority, late majority, and laggards—there is a vast chasm between the early adopters and the early majority. While early adopters are willing to sacrifice for the advantage of being first, the early majority waits until they know that the technology actually offers improvements in productivity. The challenge for innovators and marketers is to narrow this chasm and ultimately accelerate adoption across every segment.


Most startups fail. But many of those failures are preventable.  The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched.

Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business.

The Lean Startup approach fosters companies that are both more capital efficient and that leverage human creativity more effectively.  Inspired by lessons from lean manufacturing, it relies on “validated learning,” rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute.

Rather than wasting time creating elaborate business plans, The Lean Startup offers entrepreneurs – in companies of all sizes – a way to test their vision continuously, to adapt and adjust before it’s too late. Ries provides a scientific approach to creating and managing successful startups in an age when companies need to innovate more than ever.


The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things.

Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Information technology has improved rapidly, but there is no reason why progress should be limited to computers or Silicon Valley. Progress can be achieved in any industry or area of business. It comes from the most important skill that every leader must master: learning to think for yourself.

Doing what someone else already knows how to do takes the world from 1 to n, adding more of something familiar. But when you do something new, you go from 0 to 1. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. Tomorrow’s champions will not win by competing ruthlessly in today’s marketplace. They will escape competition altogether because their businesses will be unique.

Zero to One presents at once an optimistic view of the future of progress in America and a new way of thinking about innovation: it starts by learning to ask the questions that lead you to find value in unexpected places.


Ben Horowitz, a cofounder of Andreessen Horowitz and one of Silicon Valley’s most respected and experienced entrepreneurs, offers essential advice on building and running a startup—practical wisdom for managing the toughest problems business school doesn’t cover, based on his popular ben’s blog.

While many people talk about how great it is to start a business, very few are honest about how difficult it is to run one. Ben Horowitz analyzes the problems that confront leaders every day, sharing the insights he’s gained developing, managing, selling, buying, investing in, and supervising technology companies. A lifelong rap fanatic, he amplifies business lessons with lyrics from his favorite songs, telling it straight about everything from firing friends to poaching competitors, cultivating and sustaining a CEO mentality to knowing the right time to cash in.

Filled with his trademark humor and straight talk, The Hard Thing About Hard Things is invaluable for veteran entrepreneurs as well as those aspiring to their own new ventures, drawing from Horowitz’s personal and often humbling experiences.


For more than sixty years the rock-solid, time-tested advice in this book has carried thousands of now-famous people up the ladder of success in their business and personal lives.

Now this previously revised and updated bestseller is available in trade paperback for the first time to help you achieve your maximum potential throughout the next century! Learn:

  • Three fundamental techniques in handling people
  • The six ways to make people like you
  • The twelve ways to win people to your way of thinking
  • The nine ways to change people without arousing resentment



FOUNDATION begins a new chapter in the story of man’s future. As the Old Empire crumbles into barbarism throughout the million worlds of the galaxy, Hari Seldon and his band of psychologists must create a new entity, the Foundation-dedicated to art, science, and technology as the beginning of a new empire.

FOUNDATION AND EMPIRE describe the mighty struggle for power amid the chaos of the stars in which man stands at the threshold of a new enlightened life which could easily be destroyed by the old forces of barbarism.

SECOND FOUNDATION follows the Seldon Plan after the First Empire’s defeat and describes its greatest threat-a dangerous mutant strain gone wild, which produces a mind capable of bending men’s wills, directing their thoughts, reshaping their desires, and destroying the universe.

Find more books at our Book Category.

Top 5 Management Books for Long Term Company Growth.

Top 5 Management Books
Top 5 Management Books for company succes

Traction by Gino Wickman

Summary: In Traction, you’ll learn the secrets of strengthening the six key components of your business. You’ll discover simple yet powerful ways to run your company that will give you and your leadership team more focus, more growth, and more enjoyment. Successful companies are applying Traction every day to run profitable, frustration-free businesses—and you can too.

Top 5 Management Books for company succes

Built To Last by Jim Collins & Jerry I Porras

Summary: Drawing upon a six-year research project, Collins and Porras took eighteen truly exceptional and long-lasting companies and studied each in direct comparison to one of its top competitors. They examined the companies from their very beginnings to the present day. Throughout, the authors asked: “What makes the truly exceptional companies different from the comparison companies? What were the common practices these enduringly great companies followed throughout their history?”

Top 5 Management Books
The Innovator´s Dilemma

The Innovator’s Dilemma by Clayton M. Christensen

Summary: Innovation expert Clayton Christensen shows how even the most outstanding companies can do everything right, yet still lose market leadership. A successful company with established products will get pushed aside unless managers know how and when to abandon traditional business practices. This book gives you a set of rules for capitalizing on the phenomenon of disruptive innovation.

Top 5 Management Books
The Effective Executive

The Effective Executive by Peter F. Drucker

Summary: The measure of an executive is the ability to “get the right things done.” Being productive, not just busy. In one of the best business books on productivity, Drucker identifies five practices essential to business effectiveness that can, and must, be learned by executives.

Good To Great by Jim Collins

Summary: This book contrasts two sets of companies. One set makes the leap from good to great by generating cumulative stock returns that beat the general stock market by an average of seven times in fifteen years. The other group fails to make that leap. Collins pulls back the curtain for all to see why some failed and some made the leap.

Check out more of our book reviews and tips on our Book Category

3 best dividend kings

3 best dividend kings

Dividend kings are companies that have increased their dividends every year for the last 50 consecutive years or more, which means growth, stability, and reliability — the three keys to successful dividend investing. They’re the safest because companies that have come as far as increasing their payouts for five decades are least likely to cut dividends.

Having paid uninterrupted and growing dividends for such a long time, these companies exhibit the highest qualities of resilience, discipline, and commitment, all of which are also essential attributes of a king, hence the befitting name.

Stanley Black & Decker:

Has increased its dividend for the 50th straight year. The company has an uninterrupted dividend record of 142 years.

From a small hardware shop in 1843 to the world’s leading tools and engineered fasteners manufacturer and the second-largest commercial security services company.
Stanley Black & Decker generated $13 billion in sales last year. Nearly 80% of the 175-year old company’s revenue growth so far has come in just the past two decades, thanks to acquisitions. Since 2002, the company has spent $9 billion on acquisitions, including a buyout of Craftsman brand and Newell Tools last year, which contributed a combined 19% to its fiscal 2017 revenue.

In the past five years, Stanley Black & Decker’s earnings per share (EPS), free cash flow (FCF), and dividends grew at compound rates of 10%, 11%, and 6%, respectively. The company grew its dividends by 7% in the past decade and paid out roughly 37% of net profits in dividends over the trailing 12 months. Management has well-defined long-term financial goals, which include:

  • Revenue: 10% to 12% growth with 4% to 6% organic growth.
  • Earnings per share: 10% to 12% growth, 7% to 9% excluding acquisitions.
  • Free-cash-flow: 100% or more of net income.
  • Capital allocation: Return 50% FCF to shareholders in the form of dividends and share repurchases, and use 50% for acquisitions.
  • Target payout ratio: 30% to 35%.

American States Water

Oldest of Dividend Kings.

American States Water has the longest streak of dividend increases among publicly listed companies: 63 consecutive years.

American States Water operates two subsidiaries: Golden State Water Company (GSCW) and American States Utility Services (ASUS). GSWC is a regulated water and electric utility that contributed 77% and 78% to the company’s revenue and net income, respectively, in fiscal 2017. ASUS is a contracted water and wastewater systems provider that serves 11 military bases in the U.S. under 50-year contracts, and it accounted for 23% of American States Water‘s revenue last year.

American States Water‘s success with dividends can be credited to six broad factors:

  • A strong position in a capital-intensive industry with high barriers to entry.
  • A highly regulated and contracted business model.
  • A healthy water rights portfolio, which includes 73,600 acre-feet of owned adjudicated groundwater rights, and 11,300 acre-feet of surface water rights.
  • A stable customer base in a resilient industry.
  • A strong management team with extensive experience in utilities.
  • Strong financials and commitment to shareholders.

Between 2011 and 2017, American States Water grew its EPS and dividends at compound rates of 8% and 10.4%, respectively. In the long run, management aims to grow dividends at a compound rate of “more than 5%.

3M Company

The king of Dividend Kings.

The company has paid uninterrupted dividends for more than 100 years now. Credit goes to 3M‘s ubiquitous products, a hugely diversified portfolio, and disciplined deployment of capital.

3m‘s has many successful products, think Post-it notes and Scotch tape. Those are just two of the company’s well-known brands. 3M also owns Scotch-Brite, Scotchgard, Filtrete, Command, and Nexcare brands, among others, and a portfolio of more than 60,000 products that are sold across 70 countries today.

3M might be an industrials company, but its tag line isn’t even close. “Science. Applied to Life” — that’s what it says. The company is living up to its slogan. Today, nearly one-third of 3M’s sales come from products invented in the past five years.

3M is on target to achieve the below five-year goals through 2020 as unveiled in 2016:

More Investing and dividend stocks tips please look at Investing Category and Stock Category.

Car Parks Investing

Car Parks Investing

Car park investments are becoming very popular in many places in the world, as an alternative investment. Investors purchase a block of property in a car park – called “car park spaces.” The investor then leases the space out to a tenant for a specified period of time. The tenant is almost always a property management company of some kind.

A Property management company is almost all the time the tenant. The property management company turns around and sub-leases the car parking space to customers on an annual basis.

The investment works because parking space in certain areas in the UK is very limited. People are willing to pay large sums of money for monthly parking. Spaces can be purchased by investors for as little as £25,000 for a six-year lease.

Car Parks Investing Advantages.

  • it’s a low-risk proposition if the demand for parking is high. 8-9% ROI annually.
  • As long as there are customers willing to park their vehicles in a garage, or some other commercial parking space, there will be returns on the investment.
  • Can be very tax-friendly depended on the country.

Car Parks Investing Disadvantages.

  • One of the disadvantages of car parks is that they are not uniform in their fees, expenses, and terms and conditions. It’s essentially an unregulated investment. 
  • Investors need to do their due diligence prior to investing in them too. For example, a car park in Dubai may advertise to UK residents, and if you choose to invest, you have no way of knowing whether the car park actually exists unless you’re willing to visit Dubai and check it out for yourself.
  • The key to making these investments profitable is to buy into an area where demand is high. So if the demand drops your investment drops.
  • Finally, these investments are not very liquid, which may make them unattractive to many investors. You sign a multi-year lease in most deals, meaning that, even if you do make 9 percent annually, you have to be willing to hold onto the car park investment regardless of what happens during that time.

The Intelligent Investor: The Definitive Book on Value Investing.

The Intelligent Investor

You can buy The Intelligent Investor here

This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions…

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

Over the years, market developments have proven the wisdom of Graham’s strategies. While preserving the integrity of Graham’s original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today’s market, draws parallels between Graham’s examples and today’s financial headlines, and gives readers a more thorough understanding of how to apply Graham’s principles.

Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.

More books can be found in the book category or read more about investing in the investing category.

Top 10 Monthly Dividend ETFs

Monthly Dividend ETFs

Top 10 Monthly Dividend ETFs: #1

iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca:HYG)

HYG ETF had nearly $16.4 billion in net assets and contained 1,000 individual holdings, as of September 7, 2018. The ETF invests in liquid, U.S. dollar-denominated, high yield corporate bonds for sale in the United States by tracking the performance of the underlying Markit iBoxx® USD Liquid High Yield Index. The fund might invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index.

The ETF charges a 0.49% fee and currently pays a $0.371 monthly dividend, which is equivalent to a 5.12% yield.

10 Monthly Dividend ETFs: #2

iShares Emerging Markets High Yield Bond ETF (Cboe BZX:EMHY)

The ETF’s current net assets are spread across 464 individual holdings and exceeded $500 million as of September 7, 2018. The underlying index benchmark is the Morningstar Emerging Markets High Yield Bond Index. This index tracks the performance of the below-investment-grade U.S. dollar-denominated emerging market sovereign and corporate high yield bond market.

On September 7, 2018, the ETF’s share price closed at $44.73 and the fund currently pays a $0.221 monthly dividend, which corresponds to a 5.25% forward dividend yield.

10 Monthly Dividend ETFs: #3

Invesco Global Short-Term High Yield Bond ETF (NYSEArca:PGHY)

This fund tracks the performance of the Deutsche Bank Global Short Maturity High Yield Bond Index and invests generally at least 80% of its total assets in U.S. and foreign short-term, non-investment grade bonds that comprise that index. Like the underlying index, the fund rebalances its holdings quarterly and re-weights annually. The ETF spreads its current total net assets of $230 million across 491 individual holdings, charges a 0.35% management fee and offers a 5.33% forward dividend yield.

10 Monthly Dividend ETFs: #4

SPDR® Bloomberg Barclays High Yield Bond ETF (NYSEArca:JNK)

This SPDR® fund provides a diversified exposure to US dollar-denominated high-yield corporate bonds with above-average liquidity. The fund’s investment mix corresponds generally with the composition of the Bloomberg Barclays High Yield Very Liquid Index. As of September 7, 2018, JNK had more than 88% of its nearly $10 billion in assets under management invested in the Industrial sector, with another 9.6% of assets in Financials and less than 3% in Utilities. The fund currently offers a 5.48% yield and has a 0.40% gross expense ratio.

10 Monthly Dividend ETFs: #5

VanEck Vectors Emerging Markets High Yield Bond ETF (NYSEArca:HYEM)

The ETF uses the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH) as the target for its performance goals. The fund invests in U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade. As of September 7, 2018, the fund allocated its total net assets of $273 million across 469 individual holdings. Investments in HYEM’s top four countries – China, Brazil, Turkey and Argentina – account for nearly 40% of the fund’s total assets. The fund currently yields 5.86% and has a 0.40% gross expense ratio.

10 Monthly Dividend ETFs: #6

Global X SuperDividend® U.S. ETF (NYSEArca:DIV)

The DIV fund invests in 50 of the highest dividend-yielding equity securities in the United States and corresponds generally with the Indxx SuperDividend U.S. Low Volatility Index. As of September 7, 2018, DIV’s holdings comprised more than $420 million, which were spread relatively evenly across the fund’s 50 holdings. In addition to its current 6.09% yield, the fund’s share price has advanced 7.7% over the past six months.

10 Monthly Dividend ETFs: #7

First Trust Multi-Asset Diversified Income Index Fund (NYSEArca:MDIV)

The MDIV fund generally tracks the NASDAQ US Multi-Asset Diversified Income IndexSM. The ETF allocates its total net assets – more than $690 million as of Sept. 7 – across 126 individual holdings. Currently, the fund’s assets represent five equity classifications – equities, real estate investment trusts (REITs), preferred securities, master limited partnerships (MLPs) and high-yield corporate debt ETFs – each with approximately 20% share of assets. The fund currently offers a 6.58% yield and its share price rose 6.4% in the second half of the trailing 12 months.

10 Monthly Dividend ETFs: #8

WisdomTree Emerging Markets Local Debt Fund (NYSEArca:ELD)

With almost $170 million in assets under management spread across 125 individual holdings, ELD is an actively managed fund that invests in sovereign and corporate debt issued in over 10 different emerging markets. To minimize exposure to currency volatility, each country’s share can be no more than 20%. The fund’s 0.55% expense ratio offers investors an opportunity to invest in an emerging markets debt vehicle at low cost, which increases long-term total returns. The fund has a current yield of 6.62% and its annualized dividend payout is nearly 18% higher than the total dividend distribution in 2017.

10 Monthly Dividend ETFs: #9

Global X SuperIncome™ Preferred ETF (NYSEArca:SPFF)

The SPFF invests in 50 of the highest-yielding preferred stocks in North America, compared to the DIV’s focus on U.S. securities. SPFF tracks the S&P Enhanced Yield North American Preferred Stock Index and currently has nearly $200 million of net assets distributed across 50 securities. Equities in the Financials sector account for more than two-thirds of total assets. Including Real Estate and Energy, the top three sectors account for more than 88% of assets. The fund currently offers a 7.26% yield and its share price has reversed its 7.6% decline early in the trailing 12-month period into a slow-rising trend over the previous four months.

10 Monthly Dividend ETFs: #10

Global X Global X SuperDividend® ETF (NYSEArca:SDIV)

Like the related ETFs from Global X (SPFF and DIV), the SDIF fund invests in the highest-dividend-yielding equity securities. The difference is that SDIV invests in global equities and has 100 holdings – twice the number of holdings in the other two ETFs. SPFF tracks the performance of the Solactive Global SuperDividend Index. As of September 7, 2018, the SPFF fund comprised nearly $950 million in total assets, with its top five holdings representing less than 15% and the top 25 holdings accounting for approximately 30% of total assets. SDIV’s share price increased by nearly 16% after its 52-week low in February, and the current yield is 7.51%