Posted by Doris - Va. on January 16, 1999 at 18:23:06:
That may be very good advice. I saw on C-span that one of the top investment officers from a major wall street financial company says he expects most everyone to be Y2K compliant BUT - he’s not flying on Jan. 1.
I was listening to Bob Brinker/s radio show in my van and he mentioned that the internet stocks are a casino and the stocks are the chips - a huge bubble waiting to burst. Ex: YAHOO is selling at $4??.00 ( yes hundred) per share and is a billion or so in value against earnings of Two Hundred Thousand or so. So far out of whack that it looks like it is worth more than a half dozen of the biggest blue chips out there - which is crazy of course.
When that bubble does burst no one will say how much effect there will be but it is bound to be substantial.
Anyway - no matter how great the earnings are on some stocks or mutual funds - I believe it is many times better in REI and that is where I plan to make my money.
Yes - that is the end of my stock market report for today!!! LOL
I am certainly no expert in the stock market but I have listened and learned a little. However now that I have found this site and have begun re-educating myself on Real Estate Investing - I spend all my time studying and learning and getting ready for that first great deal.
I got a real lift from reading Jim’s “YIPPEE” post and it gave me a hard push to GET GOING!! I have no money to go to the convention. In fact coming up with the ernest money to bind a contract will be an effort for me right now. But I am thinking - Gee! - He said he was going to do 2 or 3 more deals between now and going to the convention !!! Maybe I COULD find a house to flip in the next few weeks? Maybe I really COULD go to the convention!
I plan to make every day count for some effort in this direction between now and the convention. I know I have support from everyone one this site and I thank you all for so much great advice - especially Jackie.