Quote:
Originally Posted by TheJimmy
that dude that wrote Rich Dad's real estate book said it well...
do the opposite of what the herd is doing, when everyone is buying homes, DON'T! (buy stocks instead)
when everyone is buying stocks, DON'T... (invest in RE)
...overly simplistic, but nonetheless sound advice for the most part, it's pretty clear that when stocks dump people get nervous and run to the 'solid' land/housing purchases/investments...and vice versa...
following trends can work for a while, but you def have to watch for the teeder/todder moving...
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Best advice in this thread was this. Buffett has a similar quote which we have on our office walls as a daily reminder.
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"