So I ask your opinion on what you think will be the next mainstream money maker that the American public becomes enamored with and pumps all their $$$ into?
Just recently we’ve had the rise & fall of tech, and now the rise & fall of real estate.
Its been interesting to see how many people decided to actively participate in those. People leaving good jobs to work at tech companies in hopes of cashing in on those options (most never did). Opening up E*TRADE accounts and picking tech stocks based on a magazine article or a cnbc segment (some had never owned a stock but were now willing to put 10s of thousands into this account). Average neighbor down the street purchasing multiple homes trying to renovate & flip (first one might have gone ok but what about the 2 they are still holding onto).
Some have had a long career that involves tech or real estate and most likely played it smart throughout. Even some novices to both booms did proper research weren’t greedy and knew when it was time to cash out….they too made some great profits. But as we know, a majority were too late to the game or should have never played their hand as they were far from educated about the process and risks involved and their actions might have well been labeled gambling.
So back to my original question…..What will be the next boom that will end up going bust for the majority?
Yeah, I think a lot of people will get burned on the ethanol movement.
But Green is coming. I think a recession will actually kick it into high gear because people will be forced to think about conservation and sustainablity.
Yeah, I think a lot of people will get burned on the ethanol movement.
But Green is coming. I think a recession will actually kick it into high gear because people will be forced to think about conservation and sustainablity.
Yeah, I think a lot of people will get burned on the ethanol movement.
But Green is coming. I think a recession will actually kick it into high gear because people will be forced to think about conservation and sustainablity.
Solar Power, which I guess is actually part of the green movement. It seems like a no brainer, especially here in Southern California. Hopefully it won’t be hi-jacked by the scammers, the way real estate was.
Solar Power, which I guess is actually part of the green movement. It seems like a no brainer, especially here in Southern California. Hopefully it won’t be hi-jacked by the scammers, the way real estate was.
