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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (6983)	10/23/1997 5:32:00 PM
From: marcos	Read Replies (2) \| Respond to of 94695

Bonnie, mostly I've been in real estate too, except being a gyppo logger in a landscaper sort of style, I bought raw land and sold it developed mostly, very little subdivision, just buy well, pretty it up, take a few logs off maybe, and sell it well (except the guy I sold the last piece to flipped it one year later for 50% more!!!). Only one house deal other than my own residences, so almost no tenant problems. Mostly I've used the stock market as a place to park cash between deals, and had some horseshoe quality luck in doing so, for example in '92 our second-biggest bank, CIBC (CM) was hit hard on a big (O&Y) bankruptcy, dropped $10 to 26. I had a free-and-clear cheque for a piece of land that day, put almost all into CM, and now after a 2-for-1 split it's selling for 40+, and has paid good dividends all the way. I have to be careful about selling much more of it, the capital gains taxes are going to hurt next year, my discovery of the wired world a year ago has led me to a compulsion to trade a lot, and imho the government and the brokers are skimming the cream ;-) But do I like the stock market? ..... oh yeah ..... once the truck is full of diesel and the fridge is full of beer ...... gotta go, no more SI for a while, one of my wives is coming in from M‚xico ...... cheers ........ marcos PS...one of my threads .... boring but good investment (in the past anyway :); exchange2000.com