capt Brian

Sell in May and Go Away: Good Advice?

I would think that now is the time for hunkering down until the mkt tells you what to do. Being first in line is usually putting you in front of the herd about to run, and will trample you. I would pay down all debt, if you HAVE to invest in something, put it in single premium def'd annuities with a good ins company like Met life with NO mtg exposure, NO commercial RE no nuttin but mutual funds which are showing dividends not losses.
But you go shopping and good luck, I cannot tell you how I wish you are right in buying RE now. I wish you'd buy mine at a "fair price", not one at a fire sale. (I'm not selling nor buying RE now)

I am buying gold, silver, ammo, freeze dried foods, and charcoal filters for nice water.

Am I another nut, well, I sure hope so. I hope u and Obamma are doing the right things, but I see dire consequences ahead.


On May 02 06:59 PM LilBob wrote:

> One area I'd like to add to the fray, if you're able-bodied and looking
> for a solid investment right now is rental property. I'm still not
> convinced that housing prices have bottomed out yet in all markets
> but if you're good at sniffing around for the sharp deals you can
> pick up single family homes and even duplexes at a very good price.
> You just have to be sharp-know what to look for when you inspect
> the property, get all the numbers and make sure you can cover the
> mortgage, taxes and a nest-egg for future repairs with realistic
> rental rates. Also, if you're going to get into this kind of an investment
> you have to keep it local and be willing to put in some sweat equity.
> You'll never make money in rental property if you have to hire contractors
> to maintain the place for you.