Uncle Erik
Uncle Exotic
- Joined
- Mar 18, 2006
- Posts
- 22,596
- Likes
- 532
Yes, lots of good. The past five years, I've mostly stockpiled cash and reinvested dividends in securities.
The real estate market made no sense to me - prices were outstripping income and rent. And stock was still a bit overvalued.
But now, real estate values are approaching normal. And you're finally going to be able to get a decent return in the market. I'm going to put the cash to use once things settle down.
I've always been a "buy and hold" type, so, in a very microecon way, that will add some stability. I like run-down income properties, plan to look for more, and will improve them. That's a much better use of property than people flipping them every 6 months to skim money to flip more. I'll fix them up and rent them to someone who wants a nice place to live. I don't short stocks, I look for long-term value and dividends. Companies that act rationally will get my money.
I'm small potatoes, but I think a lot of other investors will be doing the same. We're just waiting for the market to shake out.
The real estate market made no sense to me - prices were outstripping income and rent. And stock was still a bit overvalued.
But now, real estate values are approaching normal. And you're finally going to be able to get a decent return in the market. I'm going to put the cash to use once things settle down.
I've always been a "buy and hold" type, so, in a very microecon way, that will add some stability. I like run-down income properties, plan to look for more, and will improve them. That's a much better use of property than people flipping them every 6 months to skim money to flip more. I'll fix them up and rent them to someone who wants a nice place to live. I don't short stocks, I look for long-term value and dividends. Companies that act rationally will get my money.
I'm small potatoes, but I think a lot of other investors will be doing the same. We're just waiting for the market to shake out.