Moving on inspite of the news...
When faced with the number of wars currently waging around the world, natural disasters, weird stories of birds falling out of the sky, millions of fish/mammals beaching themselves or dying off, and so forth, it is hard to leave the house.
Our people have been through much worse in the past. We have faced war, we have faced catastrophic natural and unnatural disasters. We move forward, we have to.
I saw my investments plummet, and then regain right back to where they were just before the Japan earthquake. I am glad I didn't panic. Not to say that it could have continued to fall, but the last thing I wanted to do was panic, then I know for sure I lost money, this way I just played calm, and didn't lose my shirt. It's all just losses on paper, until you sell. I tend to think long term.
Investing in Real Estate is a long term project. Of course there are times when you want to realize some significant gains in any investment, and take the profit and diversify, reinvest or sit and wait until prices go down again and pick up a few bargains. The real estate market is very much like the stock market, up and down.
Right now in Annapolis Valley there are some good deals to be had! A reasonable number of houses are vacant, waiting for just the right offer. Buy one, spruce it up, rent it out. There will always be renters, just like there will always be property owners. It is the predictable cycle of life.
Kevin Stacey - 698-0885.
Posted by Kevin Stacey
on March 21, 2011