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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (6476)	11/1/2002 1:29:52 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

You know the saying. Recession- when your neighbor loses his job. Depression - when you lose your job. When the RE pumping is over the door out of the room will be so small...

To: SouthFloridaGuy who wrote (6476)	11/1/2002 9:02:52 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<Why are 1/2 my friends out of work?>> Could it possibly be that the clients of your friends who are now out of work are seriously down in their financial portfolios, as a direct result of relying on your friends' advice? When one considers that 80 percent of a professional's business is generated by 20 percent of established clients, it is not hard to imagine that "financial service advisors" are having a hard time right now. Their clients aren't doing any better, if that's any comfort. (I fired a "financial services advisor" two years ago, so I guess I'm included in the statistics somewhere). Not trying to be judgmental.....just realistic. In my business, you give bad advice, you get bad karma somewhere down the road.....or even faster in some cases. And are there any people in the financial services industry making out like bandits right now after being the "dogs" during the great bull market? Yes.....I know of a few, who recommend stock investing based on fundamentals, and who avoided the pie-in-the-sky-high-flyers and took a lot of crap for doing so when times were better. Their portfolios look pretty good right now.