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TheSaint · 03-22-2008, 08:43 AM

I've been investing my whole life and always load up when everybody else is selling and vice versa. It takes a lot of discipline when your brain is screaming at you because we all have a herd mentality. So I started selling gold when it peaked well over $1,000 and I started buying banks and selling oil some weeks ago.

I haven't always been right, I was buying cisco when everyone else was dumping and that never came back, ouch.

But overall in 30 years of investing I learned that if you just do the opposite of most people you will do real well in the long haul. Now is a great time with real estate too, I financed a house at 4 3/8 15 year fixed at Quicken Loans a few weeks ago. That deal is gone now but may come back soon, just watch the rates. In every recession you can find buying opportunities.

03-22-2008, 08:43 AM
TheSaint Confirmed User Join Date: Jun 2003 Location: Everywhere at once Posts: 991	I've been investing my whole life and always load up when everybody else is selling and vice versa. It takes a lot of discipline when your brain is screaming at you because we all have a herd mentality. So I started selling gold when it peaked well over $1,000 and I started buying banks and selling oil some weeks ago. I haven't always been right, I was buying cisco when everyone else was dumping and that never came back, ouch. But overall in 30 years of investing I learned that if you just do the opposite of most people you will do real well in the long haul. Now is a great time with real estate too, I financed a house at 4 3/8 15 year fixed at Quicken Loans a few weeks ago. That deal is gone now but may come back soon, just watch the rates. In every recession you can find buying opportunities.