America, Shawn Lane, Six Months discussed on Del Walmsley Radio Show


Retire america one person at a time welcome back to radio show today i'm dismantling an article written by somebody who knows nothing about what he's talking about the article is seven reasons why stocks are better than real estate and some shawn lane goalie or something like that i don't know guys marketwatch article and somebody said it to me sean so you're not picking on some guy i don't even know but the bottom line is if you read is material you can tell he doesn't know what we do at all he has no idea at all and he has no idea how to be rich if he's rich it's because you can't be rich just what he's saying tells me he can't be rich there's no way you could be rich i mean he's talking about things such ignorant manner all we can do is make money save money make money save money because he's not making any money best thing the way he's setting this thing up his mind the next reason he says number six reason is because real estate or stocks stock save for the real estate where the market starts to go down you can get out of stocks easier that's absolutely alive here's the way i want you to see i want you to envision this i want you to envision that you're standing there owning stocks and the guy's got a gun to your head and he says the stock market's going to go down today three hundred five hundred points you're at work can you get out the answer's no you're not going to do to get out in the middle but three or four or five hundred point drop you take to take the gun and shoots a bullet at you and your dead you can't get out of the way of something that moves that quickly the stock market moves berry rapidly now let's take real estate let's say somebody says okay interest rates are starting to go up that means there's going to be some point where the cost real estate with the interest rates involved is going to not allow the price of real estate to go up anymore if they start tightening up the lending requirements or they let the lender requirements get to loosen people start defaulting on loans over a long period of time you can see that there's going to be the loosening of the market where it becomes unsafe is the bubble people are paying way too much real estate i want you to think about that as being a train on the tracks at a guy standing there with going look at trains coming in it's going to run you down there's no doubt about it it's gonna run you down and you know it's not just in step off the tracks you can hear that train acoming and you can see that to coming and when we had the real estate drop in two thousand eight two thousand nine the only people whilst any money we're the people that didn't know what they were doing they paid way too much for the stuff they bought their speculative buyers in the market to buy and flip type stop that's what they were doing they're stuck with the stuff it was people who lost their jobs couldn't pay the payments on the real estate they bought which they shouldn't have bought because they couldn't afford to pay it you know if you can't afford to pay for your real estate in i'm talking about what you live in even if you don't have a job for six months to year then you get to expensive a piece of real estate you're limited and so these people they lost this money over a couple year period of time because ignorant decisions were they didn't listen for the train coming down the tracks during that very time when everybody else losing money we were making a killing probably the most profitable two years i ever had in my entire life was two thousand nine two thousand ten just golly gosh great investing and everybody else to say well oh my god rules state is taken us all down no it took you down right so think about that would you rather have a gun to your head as a threat or a train down the tracks as a threat i would suggest the train is what i'll take every day that thing awakened up tomorrow and having by noon the stocks go down five hundred points.

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