Go Stock Market! - Posted by Dan (NY)


#1

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.

Doris


#2

Go Stock Market! - Posted by Dan (NY)

Posted by Dan (NY) on January 15, 1999 at 22:49:47:

First off, I want to say that I thoroughly enjoy reading the posts and articles and such on this site. I am a full time real estate investor and am always willing to learn new strategies.

I have noticed a phenomemon in my area of upstate NY and was wondering if anyone else has noticed it in their area of the country. As the stock market has gone up and up, the average person with money to invest has gotten extremely lazy. My friends can’t understand why I would work hard to get 20-50% on my money (per deal) when you can “do nothing” and make 25% in the stock market. I try to explain the them that I often can use the same money 2 or 3 times in one year to get awesome returns, but they just don’t want to get their hands dirty.

My gut feeling is that I am learning a career while they are only learning how to gamble. How do you all feel on this issue?


#3

Read an Article today about y2k - Posted by David Alexander

Posted by David Alexander on January 16, 1999 at 21:45:32:

While we have all been talking about how y2k will affect
banks, stock market, etc., etc. I read an article today in a local newspaper that said the real problem
is going to be with our main source of energy. Electricity! Said, that because of the deregulation of the electric companies, there would be no way now for all of them to comply. Said that Even if one company fixes there problems, there could still be other problems because sometimes they source there power from
other companies(brokered I guess), they could be down because of other companies non-compliance.

The article went on to say that the problem will seem
to go away but that the affects will actually cause the economy to start a downfall months down the road.

Anyway was interesting, Enough Gloom and Doom.

David Alexander


#4

Re: Go Stock Market! - Posted by Rob FL

Posted by Rob FL on January 16, 1999 at 21:07:09:

From what I have seen, the dow keeps going up and down and up and down and up and down. Dropped 250 points or something the other day and then up 200 friday. It seems like ever since August the stock market has been a series of ups and downs however it did break 9500 last week but went down to 9100 within a few days.

I feel it is best to diversify into the stock market and RE as well as other investments. I have a plenty of money in the stock market but even more in RE. I stick with RE as my main thrust becuase I have a lot more control of my destiny than with stocks.


#5

GO out of the Stock Market! - soon - Posted by John Behle

Posted by John Behle on January 16, 1999 at 14:56:47:

Many experts are predicting some severe complications from the Y2K problem and people’s concerns. Even if it were un-affected by the date change, it is very likely to be affected by the caution of investors bailing out. See www.y2k.com or www.michaelhyatt.com.


#6

Re: Go Stock Market! - Posted by Tim (Atlanta)

Posted by Tim (Atlanta) on January 16, 1999 at 14:01:32:

The more lazy people in this world, the less competition there is to find good deals.

My friends at work often chuckle when I leave to go look at a new property, or to meet with sellers or buyers. The chuckling stopped cold last week when I told them that I made $20,000 on my last deal. None of them had come close to that in the market. Now they are asking questions about how I did it.


#7

Re: Go Stock Market! - Posted by Laure

Posted by Laure on January 16, 1999 at 07:45:30:

My husband just said the same thing to me last night ! I made 14k on a rehab, closing in a week. And he said, I made 43% in the market ! He also chuckled at 14-24% on Behle’s paper. I said, I’ll still be making that when you lose 20% in the market ! LOL Little competitive aren’t we? HEHEH By the way, we are still sleeping in the same bed. Happy we are both “winning” in our endeavors.

Laure :slight_smile:


#8

Re: Go Stock Market! - Posted by Irwin

Posted by Irwin on January 16, 1999 at 06:14:34:

You’re right. They’re wrong. They’ll find out just how wrong when the Bear comes out of hibernation.
I say this even though I made a nice 22% gain on one stock in 30 days. Let’s see. That’s an annual return of 264% isn’t it? Oh yeah, there’s one other thing. I sold it a week before it took off.