Thursday, April 16, 2009

SJREI 7th Anniversary in May

We are celebrating our 7th anniversary next month. Given that so many real estate investment organizations have gone belly up, we are happy to be, not only alive, but thriving during this time. Our members have continued to support us despite the current turbulent market. Fortunately, we have affiliated with an incredible line-up of speakers and have focused on hosting locals that know our market, and our members have responded well to this. Our speaker will be Robert Campbell, investor, author, and market timing expert who will share some insights on where the market is headed and where the opportunities are.

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:

529pm said...

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