[quote=temeculaguy]Search old threads about my advice when taking stock advice here, circa 2008. Fool me once.
After the initial crash in late March/Early April I bought two cruise stocks, 3 airlines and an automaker. All at least half off, some at a far greater discount. Two days ago, after doubling my investment I sold it all, transferred my original investment back to my bank and will play with house money from here on out. Kudos to Warren Buffet’s theory about running into burning buildings. Admittedly I was nervous.
What should make anyone nervous right now is real estate described as “urban”that relies on mass transit and rental properties in jurisdictions described politically as progressive. California’s Judicial Council just kicked zero bail to the counties to decide and evictions/foreclosure moratoriums in cali will likely see the same fate. Landlords will likely be subsidizing this social experiment based on zip codes.
The world is upside down, next you’ll see Zillow factor in the political leanings of a zip code into their valuations. Some of the estimates about renters not paying are astonishing. Some of the terms from 2008 will need to be updated, “shadow inventory” will need to be renamed “blue shadow inventory.” How do I copyright a phrase? This is not a political statement, it’s an investment statement. But I chose to post so I can take full credit when Diana Olick uses that phrase, I’m still her biggest fan and will consider it an honor for her to use it. Anyone else needs permission.
Good luck piggs, investing is just math, leave your feelings out of it.[/quote]
Congrats on doing what I know you always wanted to great success.
