While the financial markets are in upheaval, we hear "experts" tell us we're in a recession, some claiming we've hit rock bottom, others prophesising another great depression. Perceptions are very powerful in such volatile financial times. People with the impression that we're on a fast train to the bottom are pulling their money in a panic; and people acting in panic cause others to panic.

Nobody can be certain exactly what time it is.

If the market is like the face of a clock, with 12 o'clock being a BOOM and 6 o'clock being BUST, I think we can all agree we're currently somewhere between noon and 6:00 p.m. We're heading down, but all markets are cyclical. There are always ups and downs.

 

Everyone knows that the best time to invest money is in the time frame within the bottom half of the clock.

                                                        

In the movie "It's a wonderful Life", while everybody panicked and pulled out their money, Mr. Potter remained calm and picked up bargains, and George Bailey was smart and held steady. They had a strategy and held to it. Panic is not a strategy.

                                                             

These are momentous times that our children will be reading about in their history books. I see incredible bargains come across the MLS on a daily basis. It's a time where cool heads will prevail and savvy people will build their fortunes for tomorrow.

Sandy Nelson
Olympia Realtor®, GRI, ASP, Built Green
360-789-7505
www.SandyNelsonRealEstate.com

___________________________________________________________________________________________________

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Planning a home purchase or the sale of your home will be much more enjoyable when you work with a friendly and knowledgeable professional. I'm dedicated to helping you make informed decisions and providing you with exceptional skill and service.

 
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4 Comments on Panic is not a strategy

OCT
13
2008
363,982 Points 3 Featured Posts Outside Blog

And to use the words of Warren Buffett (he has a new book out), loosely quoted, "Buy when everyone else is selling."

2:37am • #1
1 Featured Post

Jim,

Warren Buffett certainly knows what he's talking about and follows his own advice.

Sandy

9:53am • #2
NOV
25
2008
875,857 Points 68 Featured Posts Outside Blog

One of my first posts I wrote on Activerain was a question about why if real estate is such a good investment than why do only 3% of agents do it? I still have that question today because as soon as I see a bargain me and my other investor buddies are on it!

Good times they are not in the housing market, but in time those properties we buy now will rise in value and then it will be a great time to be in real estate and we will be the one owning it.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

3:18pm • #3
NOV
26
2008
1 Featured Post

Todd,

In an attempt to find an answer to your question: Could it be that only 3% of agents actually earn enough to buy investment properties?

Sandy

9:42am • #4

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Sandy Nelson Realtor® Olympia Real Estate

Olympia, WA

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Riley Jackson Real Estate Inc.

Address: 1910 Black Lake Blvd. SW, Olympia, WA, 98512

Office Phone: (360) 789-7505

Cell Phone: (360) 789-7505

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