Quote:
Originally Posted by MisterPeabody
Shapster, i TOLD you man: take that Manwin cash and invest in real estate.
REAL ESTATE.
Everyone wants to be Gordon Gecko, that's the problem with the Stock Market. :D
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I'm putting what money I have into real estate... it's just so hard not to... I can pick up a few houses after selling my current place down in Florida, rent them out for immediate profit, and easily double the cash with a sale when the market rebounds.
Waaay better deal than trying to buy any stock right now. If you're willing to leave the cash in for a few years. I don't have deep pockets but it doesn't take much right now.
$325k houses (three to four years ago) are valued at $125k right now with TONS in foreclosure... You can pick up houses for five figures and flip them in five years or so all the while renting them out at a profit even putting only 10% down; including paying a management company.