If one of our big-time Hollywood script writers penned this story, it would get a name like, “The Case of the Missing Money.” The money in this mystery story isn’t the inheritance of some rich oil tycoon. What is missing is the economic growth our economy should have seen in the first quarter of this year. Experts were expecting almost 2 percent growth, but when the numbers came in, there was essentially no growth. It was such a surprise that the government, according to an Associated Press article, has decided to “review the mystery” of the slow-to-no first...
Were you the person who wrote that article for the online magazine Salon a few weeks ago? You know, it was the article about the Los Angeles man who was secretly living in his office for almost two years. He called himself “Terry K.” in the article, but he said that wasn’t his real name…although I think when I’m done writing this, I’ll go check the recent applications at Evoque Lending as see if we have any from a guy with the first name of Terry and a last name that starts with the letter “K.” While I don’t think we’ve had Terry come through our doors yet, I...
We’ve been covering some of the basic and most important information about investing in trust deeds in recent weeks. We defied what it means to invest in a first trust deed and then we turned our focus on who puts their money in these investments. In our first article answering the “who” question, we discussed private individuals who invest in trust deeds. Today we’ll look at financial professionals and institutions. Wealth managers – Some individuals who either inherit great wealth or build their financial assets on their own would rather not actively...
US investors have many options today when they are deciding where to put their money. If you turn on the television you’ll see advertisements for all kinds of online brokerage services, banks and even companies that sell gold and silver. And because of all the advertising, people are somewhat familiar with those investments. But fewer people are familiar with trust deed investing, although it’s a form of investing that is probably as old as money itself. Simply put, trust deed investing is investing in loans that are secured by real estate. At Evoque Lending, we...
Here’s the financial headline that greeted us in California not long ago: Markets take a pounding – Dow drops 280, now barely in the black for 2015. But the interesting point to me was the reason behind the drop in stock prices. Once again Greece was tottering on the edge of default. This started me thinking about how events that none of us have any control over can dramatically impact our finances. And it can happen overnight. The best financial minds in Europe haven’t yet been able to figure out a way to fix the Greek financial situation and frankly I expect...
