Quote:
Originally Posted by manaboutown
A couple of days ago I met a well educated, intelligent, worldly, successful 70 year old local real estate developer and Realtor. During the course of our conversation she mentioned she had sold all the stock she had owned during the last market downturn and had put nothing back into the market since. She is only the latest among many who over the past 40 or so years have made this comment to me after one of the downturns since the mid 1970's.
|
When, it comes to money people rarely tell you the truth.
It is perhaps like fishing. I recall reading somewhere we do not allow any cameras on our boat because it prevents growth after they have been caught.
You do not say how you know this lady. Was she trying to SELL you on the idea of buying, investing in real estate.
In 2007 when the stock market dived so did real estate. If, I recall from my reading the only thing that did not go down was gold.