The Joys of Grave Dancing: Investment Lessons From a Billionaire

[Intelligent Income Daily]( Welcome to Intelligent Income Daily, the free daily newsletter from wealth and income expert Brad Thomas. Brad’s experience spans three decades of real estate and stock market booms and busts. Today, he and his team focus exclusively on the safest and most predictable ways to earn sustainable and growing income in any market condition. You can find all past issues [here](. And if you have any questions, please contact Brad and his team [here](mailto:memberservices@widemoatresearch.com). The Joys of Grave Dancing: Investment Lessons From a Billionaire By Brad Thomas, Editor, Intelligent Income Daily It’s been two months now since commercial real estate investment legend Sam Zell passed away. But his legacy burns as brightly as ever. [Image] Brad and billionaire investor Sam Zell in Zell’s office in 2021 Zell – a man who inadvertently mentored me well before I met him – famously made his billions by buying distressed assets and turning them around. That’s why he’s known as the Grave Dancer. Here at Intelligent Income Daily, we make a point to study the greats: what they did, where they did it, how, when and why. That way, we can pass their fortune-making secrets on to you. And the Gravedancer was certainly one of the greats. Consider his 2013 takeover of Archstone, a Colorado-based landlord. Not only did he buy it for $6 billion less than its going price six years prior… He did so with the help of thousands of other investors. He used a real estate investment trust (REIT) known as Equity Residential REIT (EQR) to seal the deal. REITs – my favorite investment category – pay out at least 90% of their taxable income to shareholders. In exchange, they pay no income taxes whatsoever. So the fact that Archstone’s official buyer wasn’t Sam Zell, but Equity Residential, means the purchase was even more profitable than its bargain-basement price tag suggests. And it was a great investment for Equity Residential shareholders, too. Including stock splits and dividends, it’s up 102% since then. Today, I want to share three of Zell’s particular secrets for success. Together, they can help you become a successful grave dancer in your own right, making money and enjoying life for all it’s worth. Recommended Link [Investigative journalist blows the lid on the latest Biden controversy]( Tomorrow at 10 a.m. ET, investigative journalist and one of America’s top financial minds, Nomi Prins, is holding an urgent broadcast to reveal all the details of the latest Biden controversy the mainstream media refuses to report. [image]( It all has to do with what she calls “Biden’s Stealth Plan for America 2024.” Millions of Americans will get caught by surprise… But the ones who know about it and are prepared have the chance to change their financial future forever. A staggering $4.9 trillion is up for grabs. Over $400 billion just in the months ahead… If you have any kind of money in the market, if you’re retired or planning to retire… You must hear what Nomi has to say. [Click here to instantly secure your spot and get all the details – for FREE]( -- Investment Advice From the Grave Dancer The following tips from Sam Zell are so impactful, I recommend you print them out and put them somewhere you’ll see every day. Maybe on your fridge door or office desk. Whatever you do, make sure to refer back to them often, starting with a commitment to: - Diversify. As I stated earlier, Zell is famous for investing in real estate. He chaired three different REITs during his lifetime and is considered the creator of the industry’s contemporary model. Yet he wasn’t obsessed with the category. He also had money in energy, retail, and media. One sector Zell was fond of is farming, and he took a position in a farming REIT to further diversify his holdings (outside of apartments, marinas, and manufactured housing). Zell made mistakes along the way, to be sure. But his diversification practices helped ensure that those missteps were far from fatal. - Never overpay for anything. Be a value investor, searching for strong companies that aren’t selling at strong prices. A company may have fallen out of favor for some irrational reason, possibly because there’s a market panic and investors overreacted. Or perhaps it has, in fact, been mismanaged; but there are clear signs of a turnaround up ahead. Either way, you don’t buy a company unless it’s selling for less than it’s worth – with every indication of gaining sustainable ground from there. Back in 2021, Zell was pursuing industrial REIT Monmouth Real Estate. His firm offered to pay $3.4 billion in stock and cash, or $19.40 per share. However, Industrial Logistics Properties (ILPT) moved in with a larger all-cash offer of around $4 billion. Zell responded by dropping out of the bidding war (which also included another top industrial REIT, Starwood). Since ILPT closed on Monmouth Real Estate, shares have fallen over 81%. Zell was smart for not overpaying. Otherwise, he’d be stuck with a losing investment he bought at too high of a level. - Have fun! Live life to the fullest. Don’t get bogged down in business. Business is important, but stressing out about it can reduce your profits immensely. That’s why Zell, despite his busy schedule, was riding his motorcycle straight ‘til the end. He told me about how much he enjoyed taking his Ducati out for high-speed spins. And he even started a motorcycle club called Zell’s Angels – which pretty much tells you all you need to know about the man right there. The Man, the Myth, the Legend Trust me. If you internalize these timeless pieces of investing wisdom, I guarantee you’ll have a better shot at making life-changing gains as an investor. I know that last lesson might sound like a copout, but I’m telling you… Start trying all three of these strategies out today – together – and see what a difference they can make. [Then let me know how it goes]( Grave dancing and all. Happy SWAN (sleep well at night) investing, Brad Thomas Editor, Intelligent Income Daily P.S. When it comes to purchasing stocks, Zell’s first life lesson is key: diversification. That’s why I just recorded a special presentation on the biggest opportunities on my radar today. You see, I believe three sectors are going to experience a brand-new bull market. And I’ve put together my favorite ways to play all three. I’ll give you a hint… The first one is energy, one of Zell’s favorite sectors to invest in – but not in the way you might think. [Watch my presentation to learn more about it]( and get all the details on the three sectors poised for explosive growth… and how you can profit from them and diversify your portfolio along the way. IN CASE YOU MISSED IT… [The Real Reason They Murdered JFK?]( Some people believe JFK was murdered because of his executive order 11110 that would have reduced the power of the Federal Reserve. Regardless if that’s true or not… The Fed is now involved in a new controversy that could have drastic consequences for the US dollar. [Click here to see the details]( because if you wait until July 26, it could be too late…. And you could end up holding a bunch of worthless dollars. [Click here to get all the details before it’s too late.]( [image]( [Wide Moat Research]( Wide Moat Research 55 NE 5th Avenue, Delray Beach, FL 33483 [www.widemoatresearch.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. 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