Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244882 
Year of Publication: 
2020
Citation: 
[Journal:] Cogent Business & Management [ISSN:] 2331-1975 [Volume:] 7 [Issue:] 1 [Publisher:] Taylor & Francis [Place:] Abingdon [Year:] 2020 [Pages:] 1-26
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
This study aims to analyse the demographic characteristics of real estate investors and their attitude towards expected and earned yields when making direct, indirect, and non-real estate passive income investments. Quantitative analysis is employed based on both online and offline survey data from 334 real estate investors. Results reveal that general investor characteristics such as gender, education, and marital status tend not to affect investment decisions. Moreover, investors' earned yields from any investment type are mostly lower than expected yields. However, the results also reveal that direct real estate investment has a higher probability of earning higher yields and a lower probability of earning poor yields than indirect real estate and non-real estate investments. Although most investors believe that passive income is the key to achieving financial freedom, few are successful in earning excellent yields. This demonstrates the difficulty of attaining financial success through passive income investments alone. Therefore, active income remains necessary to enhance an investor's passive income portfolio in the pursuit of financial freedom.
Subjects: 
earned yield
expected yield
investment decision
passive income
real estate
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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