Get out while you can! Sell! Sell now!
Get out while you can! Sell! Sell now!
Relax.
Stay wrote:
Relax.
He needs you to get out. You sell so he can make money. Later he will cry, buy, buy, buy, so he can make more money from you.
The richest people in the world buy an investment and don't sell it for at least 30 or 40 years.
Maybe now is the time to put all the money into real estate. Values are projected to continue to rise 10-15% per year for major real estate markets like NYC, SF, LA and Miami.
Psycho-logist wrote:
The richest people in the world buy an investment and don't sell it for at least 30 or 40 years.
This is a partial myth. The richest people in the world got rich with concentrated opportunistic investments. In other words, they place big bets on shorter term investments. The richest people in the world STAY rich because they then diversify that money and hold long term investments as you mentioned.
Random Dude Bro wrote:
Maybe now is the time to put all the money into real estate. Values are projected to continue to rise 10-15% per year for major real estate markets like NYC, SF, LA and Miami.
NYC market is on fire, indeed. It basically didn't go down during the financial crisis unlike other markets, but still has skyrocketed since.
Folks are moving to the big cities and space is constraint. Thus prices will continue to climb.
No one ever get rich from "investing" in a savings account.
Thanks. I just liquidated everything. Let me know when to get back in.
Sometimes I wonder if people like me (who know nothing about the stock market) are getting taken advantage of by the buy and hold for a long time strategy. I wonder if having the knowledge that large groups of people will be doing this (holding investments) allows the sharks of the world to steal money from the rest of us somehow.
Psycho-logist wrote:
The richest people in the world buy an investment and don't sell it for at least 30 or 40 years.
Who does that?
The richest people in the world.
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