Shawn Lane, Seventy Five Dollars, Forty Five Days discussed on French and Friends

Automatic TRANSCRIPT

Of ninety five thousand dollars this is just ridiculous let's start out this article says they're seven reasons why stocks are better than real estate let's just take them one at a time by the way the idiot that wrote this articles name shawn lane golias and this is from market watch the articles out of marketwatch sean if you out there listening please oh please come on the radio with me let me take your head off and show you how embarrassed you be detached what stuff you know nothing about i will bring facts figures people's deals financials whatever you need if you think you could stand up to even one tenth of the proof of what you're saying i don't think you could stand up to any myself so let's talk about liquidity he assumed the number one reason that stocks are better than real estate is because stocks are liquid if you want to get out you can get out all right let's explain to you this is a misrepresentation the reason you can get out of stocks is two reasons one there's a liquid market for it there that's granted but to you have to get out at the price they're willing to let you out at in other words if the stock market you bought a stock one hundred dollars a share and it went down to seventy five dollars a share yes you could get out immediately at seventy five dollars a share but that's not what you're saying what you're saying is i bought this piece of real estate for one hundred thousand dollars now it's worth four hundred thousand and it took me thirty days he said forty five days to sell it of course it took forty five days we're looking for a greater fool didn't pay four hundred thousand percents that you paid one hundred thousand four you're going to wait until that person comes around but what if he offered that piece of real estate that praise for four hundred thousand three hundred thousand that piece of real estate with sell overnight instantly you could cash it out in a second i'll do it all the time in seminar i say if you could buy this apartment this way cash flowing this much who would buy it today ninety percent of the people in the.

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