|
Lars---I 100% agree with you.
I am in the philly area. In 89 i bought a townhouse. In 91 sold it at a small loss. In 91 bought a big house. I sold it in 98 (after divorce)10% higher than I purchased it but must have put 100k into it--so I lost.
But both my x and I bought townhouses at the end of 98 beginning of 99 and were both up 2.5 times what we paid.
The other side of this equation was the stockmarket made a fortune from 89-98 and this is when real estate was at a standstill. Real Estate jumped from 98 till today and the stockmarket has taken a bath..Now its time for the reverse to happen...
I am back in the market now and I expect it to be big for the next several years. I don't know if the nasdaq will hit 5000 again by 2010 but I'd bet it will closer to 5000 then 2000. Its time to buy good profitable tech stocks again. Be smart and don't allow any losses over 20% and sell them when u have too and do not ever fall in love with any 1 company. I use a service call Cabot since the late 80's and they made me a fortune until the market dived and I started thinking that I new everything and started listening to myself. Pick a broker that u trust or a stock picking service that u trust and just listen to them....
|