Investing your money on emotions is the most dangerous thing you can do.
Real Estate calls it by name..... REAL ESTATE. Invest in something REAL and build your ESTATE.
I love reading the business section of the paper every morning to see what excuses the traders on Wall Street can come up with to explain why the markets are down, why gas is up and why the value of you house is down. The real answer is emotion.
There is an AP story this morning by Tim Paradis that is headlined "Wall Street woes overshadow positives." POSITIVES??? If you have money in the stock markets are you positive? Positive you are getting killed this year. Worst start to a year since 1970, that's 38 years for those of you that have not had coffee this morning. He goes on to describe the markets as not having confidence. Do you want you investments to have confidence or to produce returns. The worst part of this article is that he tells you to invest in stocks that are going up (no kidding) and then goes so far as to have a quote a broker suggesting that you buy options! Oh sure, let's trade on the emotions of the people that might buy the stock in a couple months based on the emotions of the people who buy it today from the emotional wrecks that own it today. I would rather bet my teenage daughter that she will not cry at some time in the next two days. Good Luck.
I am not suggestinig that real estate is the only investment you should make but it sure does work well and if you do it right you never have to wonder how much money you would have if you had not put all that money in a 401k because you never did the math on the true effects of matching and tax avoidance, but that is a topic for another day.
Greatest hedge against human emotion (market volatility) - Real Estate
Greatest hedge against inflation - Real Estate
Greatest tax efficient investment with appreciation - Real Estate
Greatest income producing investment - Real Estate
Greatest investment to own no matter who is in the White House - Real Estate
Don't get drug around by the emotions of a "confident market" or a bunch of traders on the floor of the stock exchange that are going to retire millionaires no matter which way the market goes, go buy some smart positive cash flowing real estate.
I buy and manage multi-family, apartments, and would love to talk to anyone who would like my opinion on that topic. I won't be like Mr. Paradis and just tell you to go find a great investment and get rich.
That's all the time I have to rant this morning, Later
ssaunders@e2-property.com