Roland Francis wrote:
> Knowing the floor price of gold would have taken genius, clairvoyance
> and a lot of luck.
Roland,
On the contrary, it was real easy to see the floor for gold. Maybe I can show
you how it's done. Use any financial website to pull up a chart for the POG
(price of gold) for the last twenty years. The floor is clearly seen and the
point where to buy too, is clear. If it is not, pull up the chart for the last
15 years. This one is much clearer to read. Clairvoyance, IMHO, is the field of
the blind leading the desperate. This is the first time I have heard someone
who thinks it is used in investing. Lastly, luck does help and I have lots of
it.
> Knowing the floor price of real estate would take the same talents.
Knowing the floor price for real estate would require talents The talents are:
1) Patience
2) An ability to read charts
and
3) Lots of luck
> Since you have made statements that would lead one to conclude you are
> possessed of all three, please advise when we could expect the next
> market crash and what would be it's floor.
Unfortunately, I get this question too often. My standard response is:
If I could look into the future, I would not be looking for stock prices. I
would be looking for the winning numbers of lotteries.
Investing is not for everybody. It is especially not for those who have no
money to risk.
Lastlly, did you have any luck with the search for an ETF that tracks the
values of US real estate?
Mervyn3.0
"Money is not the most important thing in the world. Love is. Fortunately, I
love money.”
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