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Strategies & Market Trends : Beat The Street With SI Traders

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To: russet who wrote (35799)	4/8/2010 9:10:26 PM
From: cambus	Read Replies (1) of 233807

*But the flaw here is that triple your amount of money is only worth what the origanal amount of money was worth 16 years ago. You have gained nothing -admittedly you have your original value if thinga have gone right for 16 years. I'm 72 now and I found that real estate with tenants helping pay and personal homes with no capital gains allowed me to increase the value of my equity for minimal work and risk.Probably my best investment was the #10,000 down I put on a wonderful family home which we lived in for over 30 yrs and sold recently for well in excess of a mill.We looked on the mortgage payments as rent which of course became less and less significant as inflation whittled its real cost down. NO GUARANTEES EVER but I sure encouraged each of my 5 children to get into the real estate game and already they are ahead. I tend to use the value of the average cost of a house in my area as the unit of value of my net worth and using leverage moderately I have done much better than if I had just relied on compound interest.you do have to consider affordability of homes compared to wages in the local area or you can get bitten ina bubble but reasonable opportunities always come along eventually.

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