Gary McGaghey is the private equities expert and CFO at Higher Ground Investments, LLC. He has been in the private equity industry for over 18 years and has had a crucial role at some of the most prestigious investment firms. Learn more information about Gary McGaghey

A critical theme that Mr. McGaghey mentioned is how investors can stay ahead of the curve and not get bogged down with all of their investments in real estate when they should be investing more into people and technology, as both will play a significant role in where we are heading as a society. As technology advances and people become more educated, the social strata will change how things get done. Mr. McGaghey also mentioned how investors need to look at the big picture versus just focusing on local markets like New York City, where there have been significant drops in rental rates. Investors should invest in businesses that will stand the test of time and not just get something because they can make some money from it right now, like with real estate. He also mentioned how he feels that real estate is coming back a little bit, but it’s still down about 50% from 2006’s high mark, so there is still quite a bit to absorb before people can start making a profit off of this sector again. Mr. McGaghey’s last point was to look at the big picture and use technology and people to your advantage. Regarding investing, it is essential to identify as a global rather than a local investor. Sit down with your financial advisors and take some time to talk about your investment plan and figure out what will be able to sustain itself over the years, so you are not just doing buy-and-sell transactions with investments.

Mr. McGaghey is an excellent source of information for many investors, and we were lucky to have him on our show today.