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Chris Scoreboard Johnston
ParticipantI have to point something out here. The comments about people in here being ahead of the curve is inaccurate. There is very much of an overall extreme herd mentality in here. Anyone doing something they don’t agree with is an idiot. Corrections always over correct ( this statement clearly is made by people with no understanding of statistics ).
I always wonder what it is that makes someone who rents because they don’t have enough money to be a 500k house smarter than someone who has made millions of dollars investing. There have been so many in here who fit this critiquing wealthy investors for what they do. This is like a 36 handicap golfer criticizing Tiger Woods.
I have no idea if people investing in RE here and now are timing this right, I think they are pretty close in terms of price maybe not in time. I do know that the majority of the people here will miss the opportunity to buy at good levels by having the day trader mentality with all of this.
This continues to be a good place to fade the consensus in spite of several exceptions of very sharp people in here. The overall sentiment in here is pretty typical of the US as a whole in my view and that is how I use it, to fade it.
ParticipantI have to point something out here. The comments about people in here being ahead of the curve is inaccurate. There is very much of an overall extreme herd mentality in here. Anyone doing something they don’t agree with is an idiot. Corrections always over correct ( this statement clearly is made by people with no understanding of statistics ).
I always wonder what it is that makes someone who rents because they don’t have enough money to be a 500k house smarter than someone who has made millions of dollars investing. There have been so many in here who fit this critiquing wealthy investors for what they do. This is like a 36 handicap golfer criticizing Tiger Woods.
I have no idea if people investing in RE here and now are timing this right, I think they are pretty close in terms of price maybe not in time. I do know that the majority of the people here will miss the opportunity to buy at good levels by having the day trader mentality with all of this.
This continues to be a good place to fade the consensus in spite of several exceptions of very sharp people in here. The overall sentiment in here is pretty typical of the US as a whole in my view and that is how I use it, to fade it.
ParticipantI have to point something out here. The comments about people in here being ahead of the curve is inaccurate. There is very much of an overall extreme herd mentality in here. Anyone doing something they don’t agree with is an idiot. Corrections always over correct ( this statement clearly is made by people with no understanding of statistics ).
I always wonder what it is that makes someone who rents because they don’t have enough money to be a 500k house smarter than someone who has made millions of dollars investing. There have been so many in here who fit this critiquing wealthy investors for what they do. This is like a 36 handicap golfer criticizing Tiger Woods.
I have no idea if people investing in RE here and now are timing this right, I think they are pretty close in terms of price maybe not in time. I do know that the majority of the people here will miss the opportunity to buy at good levels by having the day trader mentality with all of this.
This continues to be a good place to fade the consensus in spite of several exceptions of very sharp people in here. The overall sentiment in here is pretty typical of the US as a whole in my view and that is how I use it, to fade it.
ParticipantI have to point something out here. The comments about people in here being ahead of the curve is inaccurate. There is very much of an overall extreme herd mentality in here. Anyone doing something they don’t agree with is an idiot. Corrections always over correct ( this statement clearly is made by people with no understanding of statistics ).
I always wonder what it is that makes someone who rents because they don’t have enough money to be a 500k house smarter than someone who has made millions of dollars investing. There have been so many in here who fit this critiquing wealthy investors for what they do. This is like a 36 handicap golfer criticizing Tiger Woods.
I have no idea if people investing in RE here and now are timing this right, I think they are pretty close in terms of price maybe not in time. I do know that the majority of the people here will miss the opportunity to buy at good levels by having the day trader mentality with all of this.
This continues to be a good place to fade the consensus in spite of several exceptions of very sharp people in here. The overall sentiment in here is pretty typical of the US as a whole in my view and that is how I use it, to fade it.
ParticipantWhy would you buy a home with no cash reserves, that is what got us here?
What if you lose your job how will you make the payments?
ParticipantWhy would you buy a home with no cash reserves, that is what got us here?
What if you lose your job how will you make the payments?
ParticipantWhy would you buy a home with no cash reserves, that is what got us here?
What if you lose your job how will you make the payments?
ParticipantWhy would you buy a home with no cash reserves, that is what got us here?
What if you lose your job how will you make the payments?
ParticipantWhy would you buy a home with no cash reserves, that is what got us here?
What if you lose your job how will you make the payments?
ParticipantYou should always have your exit strategy before any investment or trade. This stops you from getting into an emotional decision once in an investment.
Whatever your original exit strategy was should be followed, if you did not have one you should exit now and feel lucky that an investment that was spot on but had no exit plan made a gain.
I tell people who are learning to trade this all the time and it never sinks in until they get into this dilemma.
ParticipantYou should always have your exit strategy before any investment or trade. This stops you from getting into an emotional decision once in an investment.
Whatever your original exit strategy was should be followed, if you did not have one you should exit now and feel lucky that an investment that was spot on but had no exit plan made a gain.
I tell people who are learning to trade this all the time and it never sinks in until they get into this dilemma.
ParticipantYou should always have your exit strategy before any investment or trade. This stops you from getting into an emotional decision once in an investment.
Whatever your original exit strategy was should be followed, if you did not have one you should exit now and feel lucky that an investment that was spot on but had no exit plan made a gain.
I tell people who are learning to trade this all the time and it never sinks in until they get into this dilemma.
ParticipantYou should always have your exit strategy before any investment or trade. This stops you from getting into an emotional decision once in an investment.
Whatever your original exit strategy was should be followed, if you did not have one you should exit now and feel lucky that an investment that was spot on but had no exit plan made a gain.
I tell people who are learning to trade this all the time and it never sinks in until they get into this dilemma.
ParticipantYou should always have your exit strategy before any investment or trade. This stops you from getting into an emotional decision once in an investment.
Whatever your original exit strategy was should be followed, if you did not have one you should exit now and feel lucky that an investment that was spot on but had no exit plan made a gain.
I tell people who are learning to trade this all the time and it never sinks in until they get into this dilemma.
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