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Investment Money Is Getting Out Of Property

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Time to retreat

Rethinking RE holdings



Financial planner Charles Failla, a principal at Sovereign Financial Group in Manhattan, has been pulling back on real estate holdings. He's going more for high-dividend paying stocks and other investments amid signs of a cooling housing market that he sees weakening before it turns stronger again.
As early as a year ago, financial planner Charles Failla was seeing trouble brewing for real estate. Housing prices were climbing to breathless heights, even as mortgage rates crept up. And oversupply started drowning some areas, such as Miami's condo market.
For him and some of his clients, it was time to take cover.
Failla began selling off real estate holdings, among them, Real Estate Investment Trusts (REITs). He trimmed his real estate exposure to 15% of his total investment portfolio. And he put most of the proceeds into high dividend-paying stocks as a defensive play.
Now, he has 80% of his portfolio in stocks, 5% in cash and the remainder in real estate.

A "buy low sell high" walla? :)

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
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      • up 5%

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