Optimizing utility expenses is a key element of successful property management. Without proper oversight, utility bills can unexpectedly rise, becoming a significant cost item. Property management companies help owners minimize expenses by conducting audits, optimizing payments, and implementing energy-efficient solutions. The Importance of Utility Expense Control Utility payments cover a wide range of services: water, … Read more
My Wealth Article What if, the next time you visit your financial advisor, you don’t ask about your portfolio’s performance? What if instead, you ask your advisor each quarter to give you the latest odds on reaching your long-term goals? Most experienced investors have been trained to focus on their portfolio’s quarterly and annual returns. … Read more
One primary reason for this is emotion. We are emotional beings, and emotions tend to make terrible investment decisions. Recently, several research studies have started to explore why and how this is true. Leaning heavily on a terrific summary of some of this research from The Globe and Mail, we’ll be exploring ten emotions that work against … Read more
We’re about to reveal six ways we do that. But first, some terminology. “Saving” money means that you retain more of what’s yours by avoiding unnecessary losses. “Finding” money means you make more money than you otherwise would have. Here are seven ways we can save and find at least $100,000 for every $10 million … Read more
10 Ultra-High Net Worth Retirement Mistakes to Avoid at All Costs For ultra-high net worth families, retirement offers the prospect of great reward for your years of hard work. This is the time to enjoy the fruits of your labor and start doing those things you never had time for while burdened with work and … Read more
But when times turn bad, most financial advisors – including the fiduciaries – are exposed for what they really are: Button pushers just following the herd, doing what everyone else does, telling you that “markets always go up over time” and “just wait this out and you’ll make it all back.” If you followed the … Read more
If you held concentrated amounts of your wealth in stock in any of those companies and had to sell at the wrong time, you would have lost huge amounts of your wealth. Those companies, including Martha Stewart, have since rebounded from their low points. But the lesson remains true because the timing is often out of … Read more
Black Swan Events Don’t Have to Imperil Your Portfolio Over the past thirty years, we’ve seen more than a few recessions and market crashes. Pillar’s experts have managed high net worth and ultra-high net worth portfolios for individuals or families with $5 million to $500 million through the ups and downs related to a variety of major … Read more
In case you missed the backstory or haven’t heard of the company, WeWork rents office space in prime real estate areas such as their location currently in downtown San Francisco, and then rents them out to startups, freelancers, entrepreneurs, and even established companies as community working spaces. On the positive side, it’s a smart business … Read more
Sometimes a bit of luck, intuition, and common sense may make timing work for investors on a few occasions. However with statistics and the dangers around this approach, high net worth investors have little to gain and much to lose by pursuing a strategy of market timing. What is market timing? It’s an attempt to … Read more
