The NAMCOA® Monthly Needs Portfolio™ is a actively managed equity long portfolio with an objective of providing long term capital appreciation and dividends, has provided gross returns exceeding 10% in the last 12 months. Click here to view portfolio results
The Portfolio adheres to a simple strategy of investing in a weighted portfolio of 25 stocks consisting of sectors that the average consumer spends monies on each month. Even though the portfolio has some companies with retail distribution, the portfolio is not weighted to that sector and is not focused on the retail end, but is mainly made up of manufactures, processors, and service providers for each one of the sectors selected. The Portfolio focuses primarily on U.S large-cap value stocks, but can invest in mid to small cap equities and foreign companies as well.
Private investors continue to place assets in Self-storage for income and capital appreciation, new units are absorbed quickly to meet growing consumer demand. Today 9.4% of all households use a self storage space, for a variety of reasons.
Below is Self-storage Sector Snapshot
U.S. self-storage sector snapshot
Annual industry revenue
Number of storage facilities (range)
Total rentable self-storage space
2.3 billion square feet
Self-storage space per person
7.06 square feet
Percentage of households that rent a self-storage unit
Average monthly cost for a self-storage unit
Number of self-storage facilities in the U.S.
Between 44,149 (Self-Storage Almanac, 2018) and 52,000 (Self Storage Association, 2018). Sources vary depending on definition and methodology.
Industry ownership is fragmented, with 18% of facilities owned by the six largest public companies, 8% owned by the next top 100 operators (minus the REITs), and 74% owned by small operators. (Self-Storage Almanac, 2018)
Largest self-storage operators (publicly traded) in the U.S. (by annual revenue)
Public Storage: $2.51 billion (2017)
Extra Space Storage: $1.1 billion (2017)
CubeSmart: $558.94 million (2017)
Life Storage: $529.75 million (2017)
U-Haul: $286.89 million (fiscal 2017 – self-storage revenue only)
National Storage Affiliates Trust: $268.13 million (2017)
Data from most recently reviewed company earnings reports.
Largest self-storage operators in the U.S. (by number of facilities, owned or managed)
Public Storage: 2,386
Extra Space Storage: 1,483
Life Storage: 675
National Storage Affiliates Trust: 533
Data from most recently reviewed company earnings reports. U-Haul number reported by MiniCo Storage Almanac 2018.
The emergence of real estate in securitized form (REITs), evolution of modern financial theory and the development of more sophisticated multi-factor models has made it easier for investors to decide on the suitability and allocation of real estate as an alternative investment in their portfolios.
As the number and size of REITs in the United States continue to grow and the list of countries adopting REIT or REIT-like structure expands, we believe investors should consider how (not if) to incorporate real estate into their portfolios. For more information read
Last week the Internal Revenue Service (IRS) issued a new publication to help taxpayers learn about the recent tax reform law and how it affects their taxes. The IRS estimates they will need to create or revise more than 400 taxpayer forms, instructions and publications for the filing season starting in 2019 — more than double the number of forms it would create or revise in a typical year.
While the 2018 Tax Cuts and Jobs Act includes tax changes for both individuals and businesses, this publication — Tax Reform Basics for Individuals and Families — is specifically geared to individual taxpayers. According to the IRS, the publication breaks down the law in easy-to-understand language and highlights the changes that taxpayers will see on their 2018 federal tax returns they file in 2019.
Specifically, the new guide provides important information about:
Increasing the standard deduction
Suspending personal exemptions
Increasing the child tax credit
Adding a new credit for other dependents
Limiting or discontinuing certain deductions
Highlights: IRS Tips to Prepare for 2018 Federal Tax Filing
Federal Income Withholding
What You Need to Know
Due to tax changes in the Tax Cuts and Jobs Act, many taxpayers’ withholding went down in early 2018, giving them more money in their paychecks in 2018.
You may receive a smaller refund – or even owe an unexpected tax bill – when you file your 2018 tax return next year, especially if you did not adjust your withholding after the withholding tables changed.Other changes that affect you and your family include increasing the standard deduction, suspending personal exemptions, increasing the child tax credit, adding a new credit for other dependents and limiting or discontinuing certain deductions.
Use your results from this calculator to submit a new Form W-4, Employee’s Withholding Allowance Certificate, to your employer.
Make estimated or additional tax payments if the withholding from your salary, pension or other income doesn’t cover the 2018 income tax that you’ll owe for the year. Form 1040-ES, Estimated Tax for Individuals also has a worksheet to help you figure your estimated payments.
Federal Tax Refunds
What You Need to Know
Expecting a refund? Some refunds cannot be issued before mid-February.
By law, the IRS cannot issue refunds before mid-February for tax returns that claim the Earned Income Tax Credit or the Additional Child Tax Credit.
What You Need to Do
Be careful not to count on getting a refund by a certain date, especially when making major purchases or paying other financial obligations.
Perform a Paycheck Checkup to help you decide if you need to adjust your withholding or make estimated or additional tax payments now.
To download IRS Publication 5307, Tax Reform Basics for Individuals and Families, (14 pages PDF) click here: IRS Publication 5307
Advantages of a 1031 exchange include many things aside from the tax benefits. Investors can consolidate, diversify, move markets, or increase income potential on their current investment property.
Some people choose to do a 1031 exchange to acquire more income. For example, they can exchange vacant land for commercial or residential real estate. The investor is able to increase income potential by exchanging a property that is not generating any revenue, such as land, into real estate that has greater income potential like commercial and residential real estate.
Another advantage of doing a 1031 exchange is consolidation. Depending on the investor’s situation, they may not want to manage multiple properties. They can exchange their properties into one larger investment property that is easier to manage. Others are tired of managing properties and of being a landlord altogether. These investors can exchange from a residential or commercial property into a more manageable and less time consuming piece of land.
Some investors are looking to diversify. With a 1031 exchange they can exchange one property for multiple property types. For example, an investor can exchange their residential investment property into a commercial, residential, and vacant piece of land. This is one of the most attractive of the advantages of a 1031 exchange!
A 1031 exchange is great for investors who have multiple properties in other states or for investors who are moving markets. Instead of traveling from state to state to manage multiple properties, investors can exchange the out of state real estate into property that’s in one state. If the investor is moving markets, for example from one state to another, they can exchange their investment property in the current states for an investment property in another state.
Every situation is unique when considering the advantages of a 1031 exchange, and it is always advised that the taxpayer consult with his or her tax advisors before making any decisions!