Investing 102

[96z28ss]

Originally Posted by Flash68

You did just what millions of other people did, and at least you've hung on and been okay. Many did not make it as you know.

The minute people like the secretary down the street and the metal bender starting "flipping houses" for six figure profits, I knew it was time to sell and rent. I told my friends and neighbors to do the same in 2005 and 2006. They wished they had listened because at Bay Area prices, many got their asses handed to them. I've been happy renting for 5 years and am getting back in now. This one will be for 10-12 years I reckon. I am notL mobile and young and single anymore.

Hopefully if I read more of GW's stock posts and do what he says I can build an Ironworks pool down the road.

We not exactly millions of people bought homes they couldn't afford and with less than 10% down. I put down $140k. I just didn't invest my money correctly but I'm learning from the big guys here