Getting Better Returns from Private Placement Investments w/Michael Parks
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Episode Description
Welcome to the Freedom Point Real Estate podcast! In today's episode, Jeremy Dyer and guest Michael Parks cover the benefits of private placement investing, the different types of asset classes, private money lending, and more.
Michael’s mission is to help busy professionals find their path to wealth. Through the Navigator Wealth Fund, Michael is helping clients diversify their portfolios with high-quality real estate and private money loans so they can retire confidently. Michael has been involved in real estate investing for over 10 years and is a project manager and real estate operator at his core. Clients look to Michael as their co-pilot to navigate private placements and diversify their portfolio into real estate. Michael is a real estate investor who has worked for REITs managing $30B in hotels, commercial offices, logistics, and senior living assets. Michael is a Massachusetts-licensed real estate salesperson and a certified Project Management Professional.
CONNECT WITH MICHAEL PARKS!
Website: https://navwf.com/
LinkedIn: https://www.linkedin.com/in/michaelthomasparks/
Email: Michael@navwf.com
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Embrace a Value Mindset
Focus on the intrinsic value of investments. Michael Parks shared, "And there's a lot of intrinsic value, just in terms of what you learn about investing." This approach helps you make decisions based on long-term potential rather than short-term gains.
Tip #2: Learn from the Experts
Take advice from experienced investors to guide your decisions. Parks mentioned, "And then the final thing would be to surround yourself with smart people." Learning from experts helps you avoid common pitfalls and make informed choices.
Tip #3: Keep Emotions in Check
Avoid letting emotions drive your investment decisions. Parks stated, "Just being sort of aware of those biases and trying to minimize them has helped me become a better investor." Staying objective ensures you make rational decisions based on data and analysis.
Tip #4: Understand Risk and Return
Acknowledge the balance between risk and return. Parks discussed, "And the reality is, you know, you're not going to be able to achieve returns without taking on some risk." Understanding this balance helps you make better investment choices that align with your risk tolerance.
Tip #5: Invest in What You Know
Stick to areas where you have knowledge and expertise. Parks advised, "Invest in things that you know and understand." This strategy reduces the chances of unexpected challenges and increases your confidence in your investments.
Tip #6: Stay Patient and Disciplined
Maintain patience and discipline in your investment strategy. Parks noted, "But I think the key is just being patient, being disciplined." Patience and discipline are crucial for long-term investment success, helping you stay focused on your goals.
Tip #7: Diversify Your Portfolio
Diversification can reduce risk and enhance returns. Parks highlighted, "And the last piece is diversification, right? Because you can't predict the future." A diversified portfolio helps protect against market volatility and unforeseen events.
Tip #8: Continuous Learning
Keep educating yourself about the market and investment strategies. Parks emphasized, "It's just continuous learning, continuous improvement." Continuous learning helps you stay updated with market trends and refine your investment approach.
Tip #9: Build a Strong Network
Networking with other investors can provide valuable insights and opportunities. Parks remarked, "And then just building a strong network." A strong network can offer support, advice, and potential partnerships.
Tip #10: Focus on Long-Term Goals
Keep your long-term goals in mind to stay motivated and focused. Parks concluded, "Just keep focused on your long-term goals." Long-term goals provide direction and help you stay committed to your investment strategy.
