Saturday, August 30, 2008
What do I really want to count in my financial inventory?
Question of the day, do I want to reconsider whether or not I want to put money into real-estate investments?  With my father passing away, I suddenly find myself running a real-estate holding firm.  Granted, I still don't own any of it.  Though once probate is done, real-estate investments will probably be well over 2/3rds of my net worth.  The firm doesn't have a history of providing returns to shareholders, or repaying their interest free shareholder debt.  While I may be handling the day to day aspects of the business, I do not have a controlling interest and I do not trust the other shareholders to sufficiently represent my interests on major decisions, such as payouts.  This being a small firm, the shares are also completely illiquid.  Do I really want to consider this when I decide on my asset allocation?  It feels kind of silly.  This is more like a part time job that I don't get paid for than an investment right now.  Oh and with regards to that, my brother keeps telling me that I should put this on my resume.  Somehow I don't feel it's really something to brag about right now.  If I were to describe my accomplishments thus far, I managed to increase expenses by 30% without the company going broke in the first month.  In a slightly more serious tone, I suppose I'd say that I started catching up with maintenance, and properly insured the one building in the firm.  That probably puts it in a better light.
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