Investing is a business - when one is over-leveraged and completely out-of-step with the direction the market is headed this is a recipe for disaster. The article below gives some insights on this from an investors perspective. I have heard many stories like this except the ending is not so upbeat - this investor is still married with a new baby moving back home to start over. Bankruptcy, divorce, foreclosure, pain is what most often happens in situations where people invest blindly and lose their shirts. REI (real estate investing) can be very profitable with hard work, understanding the market fundamentals, multiple exit strategies, and having money in the bank for the hard times. Real estate is cyclical and the hard time inevitably come so being prepared for those is key to your longevity as an investor.
California man losing nine homes in mortgage mess
Wednesday, May 14, 2008
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