Quote:
Originally Posted by Investing In Chicago
Ha. No offense, but somebody who doesn't have $60K to their name shouldn't be saying timing the stock market is easy. You'd be a multi millionaire if that were the case.
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My reaction exactly - this guy says it's easy to get great returns year after year yet can't spare a tiny $60k?!? Not exactly convincing.
It's obviously not doable in every single market, but back in 2004/2005 it only took me one year to set aside enough of a cashdown to buy my first building. Still possible today in many cities.
Nice things about real estate is that it's 1) safer than stocks and 2) much more hands-on than stocks.
I still owned some stocks back then I and remember quickly realizing that with my building, I could take it into my own hands to do a bunch of things to improve profitability and create value, while by contrast, with my stocks, I could only sit and hope the directors/management would be doing these exact same things.