|
|
|
Real Estate News Releases
|
(EMAILWIRE.COM, October 05, 2010 ) Detroit, MI – Robert Shumake was the featured speaker at a real estate investors association meeting where he explained how REITs work and how to invest in them. The group left with a lot of information to study as Shumake advised them to do some research of their own before returning for a follow-up question and answer session.
When asked if REITs are considered to be a good investment, Shumake explained, “REITs can play an important role in a long-term investment portfolio. Morningstar, a well-respected investment research source, says these types of mutual funds have experienced tremendous growth over the years with an average annual return of nearly 11 percent as of September, 2008. Dividends paid on REITs are typically influenced by economic factors such as interest rates and the matching of supply and demand for commercial office space.”
Another investor asked about costs and fees associated with REITs. Robert Shumake said, “With every mutual fund you will incur some expenses. There are three expenses to be familiar with when investing in REITs, also known as Real Estate Mutual Funds, including loads, redemption fees and operating expenses.”
“Loads are fees charged either when you purchase a mutual fund (front-end loads) or when you sell a mutual fund (back-end loads). The loads are used to pay a commission to the agent who sold you the fund,” Shumake explained. “Redemption fees are stipulations indicating that if you sell your mutual fund before a specified date, you will be charged a fee. Then there are operating expenses, fees charged as a normal part of doing business for the fund. The management fees go to pay the fund manager for his expertise and time.”
Robert Shumake continued answering questions to ensure all the investors thoroughly understood Real Estate Mutual Funds, how they work and how to invest in them. As the meeting came to an end, Shumake said, “All types of investors find REITs to be an excellent investment to have in their portfolio, from new investors with no previous experience to seasoned investors with many years experience.”
Robert Shumake is well-known in the Metro Detroit area as being a REITs expert and is often invited to speak at seminars and real estate investors networking groups. Shumake has written many articles about investing in REITs and he has used this information to create a website dedicated to educating people about REITs. Visit http://www.robertshumake.ws/ to learn more.
Contact:
William Smith
Inheritance Capital Group, LLC
25900 W. 11 Mile Road; Ste 260
Southfield, MI 48034
Phone: 249-443-0939
Email: wsmith@icgreit.com
This press release was submitted by Right Now Marketing Group, LLC
Inheritance Capital Group, Inc
Robert Shumake
249-443-0939
wsmith@icgreit.com 
|
|
|
|
Real Estate News by Sector
|
|
|
|
|
