Shawn Lane, Sean discussed on French and Friends

Automatic TRANSCRIPT

Radio show today i'm dismantling 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 golias or something like that guy's marketwatch article and somebody said it to me sean so 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 he's saying tells me he can't be rich there's no way he could be rich and he's talking about things that such an ignorant manner all you can do is make money save money make money save money because he's not making any money investing the way he's sitting this thing up his mind the next reason he says number six reason is because real estate or stocks are safer than real estate when 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 it i want you to envision this vision 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 no you're not going to be able to get out in the middle but three or four or five hundred point drop you take take the gun and shoots a bullet at you and you're dead you can't get out of the way of something that moves that quickly the stock market moves very 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 of 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 lending requirements or they let the lenny 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 to where it becomes unsafe is a bubble people paying way too much real estate i want you to.

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