In her early 20s, Rebell had started her first job as a news associate at CNBC and recently moved to a sublet apartment in Manhattan after living with her parents in New Jersey. She was making just $20,000 a year and saving as much as she could.
"I started talking to my neighbors in the building, which was a co-op. Even though I was a renter, almost everyone else owned. I began looking at the numbers," Rebell wrote. She calculated that if she could save enough for a down payment, buying an apartment would save her $300 a month.
"I reminded myself of the advice my grandfather Harry gave me when I was growing up: The only days a stock price really matters are the day you buy it and the day you sell it. The same applies to real estate," Rebell wrote. She wasn't planning to move anytime soon, so she continued socking away the money she wasn't spending on rent.
Seven years later, the apartment was worth three times its initial value and Rebell sold it for a profit. While her situation may be unique, the lesson is universal: Markets fluctuate all the time and there's no use concerning yourself with the value of an asset in the interim if you're planning to hold it for a long period.
This is especially true when it comes to real estate. Financial experts often warn against buying a primary residence expecting a future return. A house is a utility, many argue, and
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Card under fire for alleged discrimination - Business Insider - Business InsiderApple Card is under fire for alleged discrimination – some husbands received greater credit limits than their wives despite shared financial accounts. Apple are getting into the debt business. They have to do something with all that hoarded tax money sitting in banks doing nothing. dhh is your profile photo that outdated? 😂😂😂
Source: BusinessInsider - 🏆 729. / 51 Read more »
Zego has become the first UK insurtech to get its own insurance license - Business InsiderZego has become the first UK insurtech to gain its own insurance license – allowing it to further personalize its policies for customers.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Oprah and Melinda Gates say don't fit in — be yourself - Business InsiderOprah and Melinda Gates argue that being yourself over fitting in is a surefire way to advance your career — and the research backs them up (via Inc) Inc And that’s how we ended up with 🍊 🤡 🤣 🤷🏽♂️ Inc I'm always on the side of being genuine, but I can tell you that 90% of the co-workers I've ever worked with are not being themselves, mostly because they want to fit in and stroke the ego's of leadership. Not blaming them, I used to be one of them. But you do get tired of it.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Disney stock could gain 20% as Disney Plus grows, analyst says - Business InsiderBank of America analysts raised their five-year subscriber target for Disney Plus to 90 million, up from 60 million. Just installed the app and already watching! Any “analyst” who thinks disneyplus is going to help Disney in the long run is obviously an idiot. 10M signup means nothing when everyone is complaining about glitchy software, racist contents and lack of new shows.
Source: BusinessInsider - 🏆 729. / 51 Read more »