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In Real Estate, Simple Wins

I don't take ANY of this "newspaper investment advice" seriously. None of it.

These are the same people who in 2007 said that the housing market correction would be short and slight -- buy buy buy!

These are the same people who in 2008 said that Bear Sterns was too big to fail. It will bounce back by next quarter -- buy buy buy!



If these newsroom economists were any good whatsoever, they would make all their money from trading stocks, not writing bad copy. When one of them starts with, "I made $800 million in the markets last year. Here's what I did, here's what I'm doing now, and here's why I'm doing it" -- THEN I'll be interested.

Not until.
 
ScoopLV said:
I don't take ANY of this "newspaper investment advice" seriously. None of it.

These are the same people who in 2007 said that the housing market correction would be short and slight -- buy buy buy!

These are the same people who in 2008 said that Bear Sterns was too big to fail. It will bounce back by next quarter -- buy buy buy!
Click to expand...
The people who are really good at investing make it a goal to stay as invisible as possible. They work as private fund managers, handling private portfolios that do not require SEC registration. They take a cut of the profits often a sizable cut. Getting involved in a fund that requires SEC oversight simply increases their operating costs and makes it more difficult for them to operate.

******

About 15 years ago I was at a conference during one of the large El Niño/La Niña oscillations. They had a meteorologist speaking about the effects of El Niño/La Niña on food commodities - wheat, corn, soybeans, etc.

In 25-minutes the guy gave the most cogent and insightful analysis of El Niño/La Niña I have ever heard, talking about how the effects vary with the strength during a particular cycle. Completely blew away any analysis you would ever see in any news medium or popular journal. Of course, as a meteorologist he was working for a commodities trading firm, where he was responsible for advising on multimillion dollar commodity plays. As the session concluded I realized that if I were ever looking for the most talented meteorologists, I wouldn't find them writing newspaper columns.

Same principle applies with investment advisers.
 
ScoopLV said:
I don't take ANY of this "newspaper investment advice" seriously. None of it.
Click to expand...

I used to enjoy a column by Scott Burns who recommended Couch Potato investing strategy - keeping a mix of diversified, low management fee, index based mutual funds and rebalancing to keep them all equal. I've been using that strategy since I retired 4 years ago, and it's out performing the SP500 by about 4%.
 
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