{"id":1290,"date":"2020-08-20T09:00:52","date_gmt":"2020-08-20T07:00:52","guid":{"rendered":"https:\/\/www.investguru.cz\/cs\/?p=1290"},"modified":"2020-08-27T10:23:52","modified_gmt":"2020-08-27T08:23:52","slug":"nemovitostni-fondy-investicni-portfolio","status":"publish","type":"post","link":"https:\/\/www.investguru.cz\/cs\/nemovitostni-fondy-investicni-portfolio\/","title":{"rendered":"Pat\u0159\u00ed nemovitostn\u00ed fondy do investi\u010dn\u00edho portfolia?"},"content":{"rendered":"<div class=\"single-featured-video\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/uPnQ636CGn8?rel=0&amp;showinfo=0&amp;autoplay=1&amp;modestbranding=1\" width=\"720\" height=\"405\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" allow=\"autoplay\"><\/iframe><\/div>\n<h2>P\u0159epis videa<\/h2>\n<p>V\u010dera jsem na ob\u011bd\u011b dostal zaj\u00edmavou ot\u00e1zku: Pat\u0159\u00ed REITy, neboli zjednodu\u0161en\u011b nemovitostn\u00ed fondy, do m\u00e9ho investi\u010dn\u00edho portfolia?<\/p>\n<p>Ptal se m\u011b na to \u010dlov\u011bk,\u00a0kter\u00fd si spravuje sv\u00e9 pen\u00edze s\u00e1m.\u00a0Zaj\u00edmalo ho, jak\u00fd je m\u016fj n\u00e1zor.<\/p>\n<p>V\u011bd\u011bl toti\u017e, \u017ee je pot\u0159eba\u00a0o ka\u017ed\u00e9 investici dob\u0159e pop\u0159em\u00fd\u0161let p\u0159edem, ne\u017e j\u00ed za\u0159ad\u00edm do sv\u00e9ho portfolia. Proto\u017ee kdy\u017e to neud\u011bl\u00e1m, m\u016f\u017eu p\u0159ij\u00edt o dost pen\u011bz.<\/p>\n<p>Moje jm\u00e9no je Vladim\u00edr Fichtner. Jsem investor a majitel poradensk\u00e9 spole\u010dnosti <a href=\"https:\/\/www.fichtner.cz\/\">Fichtner s.r.o.<\/a><\/p>\n<h2>Inspirativn\u00ed ob\u011bd s investi\u010dn\u00edm geekem<\/h2>\n<p>Na ob\u011bd jsem se v\u010dera se\u0161el s jedn\u00edm\u00a0\u010dlenem na\u0161\u00ed LinkedIn skupiny <a href=\"https:\/\/www.linkedin.com\/groups\/12245125\/\" target=\"_blank\" rel=\"noopener noreferrer\">InvestGeek<\/a>.\u00a0Byl to \u010dlov\u011bk, kter\u00fd spr\u00e1vn\u011b uhodl moj\u00ed h\u00e1danku\u00a0v jednom z m\u00fdch vide\u00ed.<\/p>\n<p>Zaj\u00edmalo ho,\u00a0jak\u00fdm zp\u016fsobem vlastn\u011b investujeme. Proto\u017ee investuje s\u00e1m spolu se sv\u00fdm otcem. Proto jsme si o tom cel\u00fd ob\u011bd pov\u00eddali.<\/p>\n<p>Petrovi je 33 let. Investuje u\u017e del\u0161\u00ed dobu. K investov\u00e1n\u00ed ho p\u0159ivedl jeho otec. Dodnes investuj\u00ed trochu spolu, jak jsem tak pochopil.<\/p>\n<p>Petr m\u00e1 k investic\u00edm a financ\u00edm bl\u00edzko, proto\u017ee d\u011bl\u00e1 aj\u0165\u00e1ka v jedn\u00e9 finan\u010dn\u00ed skupin\u011b. Bylo zaj\u00edmav\u00e9, \u017ee o investic\u00edch v\u011bd\u011bl\u00a0skute\u010dn\u011b hodn\u011b.<\/p>\n<p>P\u0159esto v\u011b\u0159\u00edm tomu, \u017ee i pro n\u011bj i pro m\u011b bylo to setk\u00e1n\u00ed zaj\u00edmav\u00e9 pr\u00e1v\u011b proto, \u017ee tam prob\u00edhala mezi n\u00e1mi pom\u011brn\u011b intenzivn\u00ed komunikace o v\u011bcech, kter\u00e9 si mo\u017en\u00e1 je\u0161t\u011b tolik neuv\u011bdomoval.<\/p>\n<p>Samoz\u0159ejm\u011b nebudu v\u00e1m vypr\u00e1v\u011bt o cel\u00e9m ob\u011bd\u011b a o v\u0161em, co jsme si pov\u00eddali. Ale vr\u00e1t\u00edm se k t\u011bm REIT\u016fm. Neboli nemovitostn\u00edm fond\u016fm.<\/p>\n<h2>V\u00fdhody nemovitostn\u00edch fond\u016f<\/h2>\n<p>REIT je zkratka Real Estate Investment Trust. To jsou ve\u0159ejn\u011b obchodovan\u00e9 nemovitostn\u00ed fondy v Americe, kter\u00e9 vlastn\u00ed a \u0159\u00edd\u00ed nemovitosti, kter\u00e9 generuj\u00ed p\u0159\u00edjem. Tyhle fondy jsou zaj\u00edmav\u00e9 v jednom pohledu.<\/p>\n<p>Umo\u017en\u00ed v\u00e1m expozici\u00a0na nemovitostn\u00ed trh, ani\u017e byste si koupili vlastn\u00ed nemovitost. Ani\u017e byste museli vy j\u00edt do rejst\u0159\u00edku, kupovat od n\u011bkoho d\u016fm nebo byt.<\/p>\n<p>Tak si prost\u011b koup\u00edte portfolio nemovitost\u00ed p\u0159es REIT. Nebo v \u010cech\u00e1ch p\u0159\u00edpadn\u011b v Evrop\u011b se \u0159\u00edk\u00e1, p\u0159es n\u011bjak\u00fd Real Estate Fund nebo nemovitostn\u00ed fond.<\/p>\n<p>Investice do jednoho REITu, nebo do jednoho fondu, je samoz\u0159ejm\u011b jednodu\u0161\u0161\u00ed, ne\u017e kdybyste si koupili portfolio 4 byt\u016f. A m\u011bli se pak o n\u011b starat. O v\u0161echny n\u00e1jemn\u00edky, atd.<\/p>\n<p>Ale takov\u00e1 investice m\u00e1 i sv\u00e1 \u00faskal\u00ed a pr\u00e1v\u011b o t\u011bch jsme se s Petrem bavili nejv\u00edce.<\/p>\n<h2>\u00daskal\u00ed nemovitostn\u00edch fond\u016f<\/h2>\n<p>J\u00e1 jsem se Petra zeptal:\u00a0\u201e<em>Pet\u0159e, vy d\u011bl\u00e1te ve financ\u00edch. V\u00edte, jak to tro\u0161ku funguje. Tak \u0159ekn\u011bte mi, co se dneska nejv\u00edc prod\u00e1v\u00e1.<\/em>\u201c<\/p>\n<p>A Petr \u0159\u00edk\u00e1:\u00a0\u201e<em>No, nemovitosti, proto\u017ee ka\u017ed\u00fd to chce.<\/em>\u201c<\/p>\n<p>A j\u00e1 \u0159\u00edk\u00e1m:\u00a0\u201e<em>A pro\u010d to ka\u017ed\u00fd chce? No proto\u017ee vysko\u010dili v cen\u011b. Jsou dneska vysoko.<\/em>\u201c<\/p>\n<p>A j\u00e1 \u0159\u00edk\u00e1m:\u00a0\u201e<em>Tak\u017ee kdy\u017e jsem portfolio mana\u017eer fondu, m\u016fj fond nemovitostn\u00ed se te\u010f dob\u0159e prod\u00e1v\u00e1. J\u00e1 dostanu od klient\u016f spoustu pen\u011bz. Co ud\u011bl\u00e1m jako dal\u0161\u00ed?<\/em>\u201c<\/p>\n<p>A Petr mi odpov\u011bd\u011bl:\u00a0\u201e<em>No mus\u00edte je zainvestovat.<\/em>\u201c<\/p>\n<p>A u\u017e v\u011bd\u011bl, kam pomalu sm\u011b\u0159uju.<\/p>\n<p>Proto\u017ee bylo jasn\u00e9,\u00a0\u017ee kdy\u017e j\u00e1 jako portfolio mana\u017eer dostanu pen\u00edze v dob\u011b, kdy jsou ceny nemovitost\u00ed vysoko\u00a0a mus\u00edm je zainvestovat, tak za jakou cenu si je budu kupovat?<\/p>\n<p>Za vysokou cenu.<\/p>\n<p>Pak p\u0159ijdou poklesy na trz\u00edch\u00a0a lid\u00e9 znerv\u00f3zn\u00ed. O nemovitostech se za\u010dne ps\u00e1t \u0161patn\u011b. A co budou d\u011blat lid\u00e9, kte\u0159\u00ed jsou v tom nemovitostn\u00edm fondu? Budou se sv\u00e9 pen\u00edze sna\u017eit vybrat. Za jakou cenu?<\/p>\n<p>Za n\u00edzkou.<\/p>\n<p>Tak\u017ee portfolio mana\u017eer dost\u00e1v\u00e1 v nemovitostn\u00edm fondu pen\u00edze, kdy\u017e jsou nemovitosti popul\u00e1rn\u00ed a vysoko. Kupuje je za vysok\u00e9 ceny. Kdy\u017e se ceny sn\u00ed\u017e\u00ed, tak lid\u00e9 odch\u00e1z\u00ed, mus\u00ed prod\u00e1vat za n\u00edzk\u00e9 ceny.<\/p>\n<p>A co to znamen\u00e1?<\/p>\n<p>No, \u017ee ta nemovitostn\u00ed investice m\u016f\u017ee m\u00edt sv\u00e1 v\u00fdznamn\u00e1 \u00faskal\u00ed.<\/p>\n<h2>Alternativa k nemovitostn\u00edm fond\u016fm<\/h2>\n<p>\u0158ekl jsem Petrovi,\u00a0 \u017ee j\u00e1 ve sv\u00e9m osobn\u00edm portfoliu i moji klienti to d\u011bl\u00e1me v\u0161ichni podobn\u011b.<\/p>\n<p>Nevyu\u017e\u00edv\u00e1me nemovitostn\u00ed fondy.Nebo REITy nebo dal\u0161\u00ed produkty tohoto typu, ale do nemovitost\u00ed investujeme samostatn\u011b.<\/p>\n<p>V\u00edme, \u017ee s t\u00edm je v\u00edce pr\u00e1ce. Ale m\u00e1me to l\u00e9pe pod kontrolou, tu investici. Hlavn\u011b n\u00e1s nemus\u00ed ovliv\u0148ovat emoce\u00a0retailov\u00fdch klient\u016f,\u00a0kte\u0159\u00ed toho portfolio mana\u017eera fondu\u00a0n\u011bkdy v nemovitostech,\u00a0jindy v jin\u00fdch oblastech, vedou k tomu, \u017ee nakupuje vysoko a prod\u00e1v\u00e1 n\u00edzko.<\/p>\n<p>A to je n\u011bco, co nechceme.<\/p>\n<p>P\u0159esto\u017ee fondy nebo REITy nab\u00edz\u00ed\u00a0t\u0159eba jednoduch\u00fd zp\u016fsob, jak se dostat na nemovitostn\u00ed trh a ten zp\u016fsob je na prvn\u00ed pohled efektivn\u00ed,\u00a0tak nemus\u00ed b\u00fdt je\u0161t\u011b dlouhodob\u011b t\u00edm nejrozumn\u011bj\u0161\u00edm.<\/p>\n<p>Proto\u017ee kdy\u017e nakoup\u00edte\u00a0na p\u0159\u00edmo, a je s t\u00edm v\u00edce pr\u00e1ce, ale to tak s majetkem b\u00fdv\u00e1, je pot\u0159eba se o n\u011bj starat,\u00a0tak to \u0159e\u0161en\u00ed pro v\u00e1s m\u016f\u017ee b\u00fdt mnohem zaj\u00edmav\u011bj\u0161\u00ed.<\/p>\n<h2>Nemovitosti do portfolia pat\u0159\u00ed<\/h2>\n<p>My jako investi\u010dn\u00ed poradci na\u0161im klient\u016fm s nemovitostmi obecn\u011b nerad\u00edme. Respektujeme nemovitostn\u00ed investice. Sami je m\u00e1me v portfoliu. \u0158\u00edk\u00e1me, \u017ee v ide\u00e1ln\u00edm p\u0159\u00edpad\u011b \u010dlov\u011bk m\u00e1 m\u00edt sv\u016fj byznys, sv\u00e9 nemovitosti na pron\u00e1jem\u00a0a sv\u00e1 finan\u010dn\u00ed aktiva.<\/p>\n<p>Na\u0161\u00ed specializac\u00ed jsou finan\u010dn\u00ed aktiva.\u00a0Ale samoz\u0159ejm\u011b i d\u00edvat se na ten kol\u00e1\u010d z v\u00fd\u0161ky. Z pohledu celkov\u00e9 strategie.<\/p>\n<p>A proto nemovitosti v portfoliu tak\u00e9 ur\u010dit\u011b m\u011bjte. Rozumn\u00fdm vyv\u00e1\u017een\u00fdm zp\u016fsobem.<\/p>\n<p>Ale jestli do nich vstupovat\u00a0zrovna p\u0159es REITy nebo nemovitostn\u00ed fondy, to si dob\u0159e rozmyslete.<\/p>\n<p>Jestli v\u00e1s zaj\u00edm\u00e1 obecn\u011b t\u00e9ma investov\u00e1n\u00ed, dlouhodob\u00e9ho a \u00fasp\u011b\u0161n\u00e9ho, tak se v\u017edycky m\u016f\u017eete pod\u00edvat na <a href=\"https:\/\/www.investguru.cz\/cs\/trenink\/?utm_source=investguru&amp;utm_medium=post&amp;utm_campaign=vfi-20200819\">4 d\u00edln\u00fd tr\u00e9nink zdarma<\/a>. Najdete v n\u011bm 5 krok\u016f ke sv\u00e9mu bohatstv\u00ed. A mo\u017en\u00e1 i pro v\u00e1s budou zaj\u00edmavou inspirac\u00ed, jak se k tomu bohatstv\u00ed jednoho dne dopracovat.<\/p>\n<h2>Fondy nebo domy?<\/h2>\n<p>M\u00e1te ve sv\u00e9m portfoliu REITy, nemovitostn\u00ed fondy? Nebo p\u0159\u00edm\u00e9 nemovitostn\u00ed investice? Jak pracujete p\u0159\u00edpadn\u011b s omezen\u00edm\u00a0t\u00e9 \u010di on\u00e9 kategorie?<\/p>\n<p>Napi\u0161te mi do dol\u016f koment\u00e1\u0159\u016f, proto\u017ee to je n\u011bco, co m\u011b zaj\u00edm\u00e1 a o co budu r\u00e1d, kdy\u017e se pod\u011bl\u00edme i s ostatn\u00edmi.<\/p>\n<p>Investujte sv\u016fj \u010das, energii a pen\u00edze s rozvahou a dlouhodob\u011b.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investice do nemovitost\u00ed jsou st\u00e1le popul\u00e1rn\u00ed. Zjist\u011bte, jak\u00e9 hlavn\u00ed \u00faskal\u00ed p\u0159edstavuje investice do nemovitostn\u00edho fondu.<\/p>\n","protected":false},"author":2,"featured_media":1293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[17],"class_list":["post-1290","post","type-post","status-publish","format-video","has-post-thumbnail","category-video-tipy","tag-nemovitosti","post_format-post-format-video","entry"],"_links":{"self":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/comments?post=1290"}],"version-history":[{"count":6,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1290\/revisions"}],"predecessor-version":[{"id":1298,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1290\/revisions\/1298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media\/1293"}],"wp:attachment":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media?parent=1290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/categories?post=1290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/tags?post=1290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}