Jeff Sica was quoted in The Wall Street Journal. To read the full article, please click here.
“Don’t go overboard. Investors should maintain a diversified portfolio that also includes stocks, bonds and cash. Single-family homes shouldn’t exceed 5% of their investments, not including their primary residence.”
“Investors should plan to own a home for at least 10 years and realize that they may shell out significant sums before seeing a return on the investment. Be careful about taking out big mortgages. Low borrowing rates encourage speculation. Investors are constantly tempted to take cheap money and not be as diligent with the deals they do.”
Jeffrey C. Sica is the President and Chief Investment Officer of Sica Wealth Management, LLC (“SWM”), an SEC registered investment adviser that maintains a principal place of business in the State of New Jersey. The information presented herein may not be suitable for all investors, and no portion of this commentary is to be construed as a solicitation to buy or sell a security, or the rendering of personalized investment, tax or legal advice. Past performance does not guarantee future results, as there can be no assurance the views and opinions expressed herein will come to pass. Investing involves risk, including the potential loss of principal. Please consult a financial professional prior to investing.