How Do Great Investors Think
, Jack Chivers Realty
Published Friday, December 3, 2010
Dave Ramsey, financial guru and host of his popular radio show, shared some interesting comments regarding investing on his Nov. 30th radio program.
In a recent interview Warren Buffet did with Forbes Magazine, he was asked, (in regards to investing), “Wouldn’t it be better if we wait until things out there clear up a bit?” His response was this, “The future is never clear. You pay a very high price in the stock market for a ‘cheery consensus.’ Uncertainty, actually, is the friend of the buyer of long term values.” Dave went on to explain Warren’s comment, “In other words, if you wait until everybody thinks it’s a good idea to invest, you’re too late. By the time everyone figures it out, it’s too late and you’ve missed your buying opportunity.”
Dave Ramsey asked this question to his listeners, “Do you think that real estate is going to go up in the next 20 years? I think it is. I think this SO STRONGLY that I’m buying real estate as fast as I can get my hands on it. I’m buying real estate like crazy right now because the uncertainty that’s out there right now is my friend. It’s making banks and people out there let go of real estate at what I think are basement bargain prices…way cheap. Even in parts of the country that were not as damaged as places like Florida, there are unbelievable deals out there! I’m not going to wait on everyone to tell me that real estate is a good investment…I already know it is!”
He went on to quote Warren Buffet, “Be cautious when others are greedy and greedy when others are cautious.” Ramsey explained, “Buffet doesn’t mean the ‘greedy like the Wall Street greedy,’ he means take a contrarian view of the market place--be contrary to what the public does…’cause the public is broke!”
Ramsey ended this segment of his show with this comment, “The stock market has largely recovered but the real estate market hasn’t in a lot of areas and there are still a lot of opportunities for those of you sitting on some cash to buy some dirt, some houses, some apartments, some office buildings. It’s a GREAT time to be an investor! Think DIFFERENTLY if you want to be wealthy!”
NOW IS THE TIME TO BUY
Couple the investor’s advice with historically low interest rates, such as 3.25-3.75% on a 15 year fixed rate, and add to that an incredible inventory there is only one thing left to do…call Jack Chivers Realty and let our experienced, knowledgeable agents help you THINK LIKE A GREAT INVESTOR!
