The SJREI has provided a wonderful opportunity for investors to connect with like-minded people and to share insights and information that is current and relevant to investors. We have developed friendships and a comraderie between our attendees, and we watch out for one another. I would never have anticipated when we started this orgaization seven years ago that we would grow this way or touch so many lives in a positive way.
What I have learned during the last seven years from investing and interacting with hundreds of investors.
- What goes up must come down.
- Don't follow the crowd
- When everyone wants to buy, it is time to take your chips off the table
- Cashflow is king
- Appreciation is not guaranteed
- Flipping is very risky except for the seasoned investor
- Fundamentals are key to investing and they don't change
- Speculation is a highly risky endeavor
- It is painful to lose money
- There are plenty of opportunities for those who buy logically
- Real estate is still a wonderful investment and is something that is less risky than the stock market...
1 comment:
I like the summary of learning points. I totally agree stock is much more risky that real estate. I'm going to keep acculmate cash, cash and cash to buy more cashflow properties during this downturn.
Aaron Lau
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