Quote:
Originally Posted by GregWeld
Good to hear! I'm not a "contrarian" - but I do tend to buy when the other guys are running for their lives.... This same "habit" served me well with buying class A apartment complexes in Scottsdale, AriDzona during the savings and loan crisis days... We could buy them from the RTC or the lenders... for 50 cents on the dollar. Those where the days buddy -- Cash was king (still is)... and there were deals to be had if you had the cojones!
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I remember those days, but I was too stupid to have money.
Again, i was very fortunate to wake up at the right time in life, my 40's and around 2005.. You could see what was coming, and i was lucky enough to be patient, and to put lots of money out there in 2009...
I am still a novice, and have a lot to learn. my Wife doesn't think so because her Life is cushy sweet, But I know better... At 52, i am just getting started..2008/2009 was the opportunity of a Lifetime..Like a dream..
Ah Greg, the old days...Cash would just sit there and make double digits in the bank.. But I was too stupid then..Spending faster than I made it..Leverage....Not good..
But again, in between a kitchen remodel, my car being pampered at East bay Muscle cars, and all the other fires I have lit, i will be following your Tips, and advise...
I think while we get dividends for our money, things will be volatile for a while with the Euro, and sabre rattling all over the world.. the printing and spending. The Left vs. the Right.
And I am with you, a big Dip would just be a buy op for my dry powder..I had more powder, but I budgeted some cash for my car because ...well, I just had to..
Thanks for the thread, and advise..
