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> First I got burned in stocks, then in real estate, and now cash? My advice to you is 1) Diversify 2) Stop trying to outsmart the market. These things are cy
by sosborn 10y ago
> First I got burned in stocks, then in real estate, and now cash?
My advice to you is 1) Diversify 2) Stop trying to outsmart the market.
These things are cyclical in nature and it can be difficult for individual players to 1) buy on the low end of the cycle and 2) sell on the high end.
- vadym909 10y agoThat is what I thought I was doing. I bought a house in 2010 and sold at the then peak in 2013 :-(.
- havetocharge 10y agoSo exactly how did you get "burned" in real estate? Sounds like you made profit.
- vadym909 10y agoI got burned with my 1st house- buying in 06, and did just OK with buying again in 10 and selling in 13, but 'lost' (did not make another) 50% by not holding it long enough.