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G Sharp

01-28-2003 03:45 PM

Quote:

Originally posted by FATPad
I didn't say he did market timing...I actually didn't say anything about Buffet...

I know that. But I was just making an example of a person that doesn't care about market timing because he invests for the long run.

You made a good point earlier re market timing .... for speculators who wish to "flip" stocks or get their profits out quick. I made a counterexample of a "market timing"-resistant philosophy---Buffet's "buy and hold" strategy.

G Sharp

01-28-2003 03:46 PM

Instead of condos, try whole apartment complexes. Check www.loopnet.com for listings.

Quote:

Originally posted by KCat

So far I've only bought one other place & it's a condo so things like garbage removal, gardening & maintenance are all taken care of by the condo board. The rent isn't too high so I don't make extra income from it, but the renters are helping me to build equity.

If I can eventually have 10 places, even if I have to shell out a couple hundred dollars for each of them every month, I'll still end up owning 10 properties in the long run with very little investment, plus the one I live in.

I could probably earn more money if I bought houses, since their value tends to inflate more. But I think you're right...the hassle may not be worth it.

FATPad

01-28-2003 03:54 PM

Quote:

Originally posted by G Sharp

I know that. But I was just making an example of a person that doesn't care about market timing because he invests for the long run.

You made a good point earlier re market timing .... for speculators who wish to "flip" stocks or get their profits out quick. I made a counterexample of a "market timing"-resistant philosophy---Buffet's "buy and hold" strategy.

Ahhh. I gotcha.

Ignore me. I've been stoned on nyquil for 4 days striaght now.

Yea. He doesn't make market predictions or try to guess where the market will be in 6 months. He buys good companies that are undervalued and holds them, regardless of where the market is.

What are Berkshire shares at now anyways? 4 digits was a long time ago. lol.

G Sharp

01-28-2003 03:58 PM

Berkshire Hathaway symbol is BRKA closed at 67,500 today, up $400

KCat	01-28-2003 08:01 PM

Quote:

Originally posted by G Sharp
Instead of condos, try whole apartment complexes. Check www.loopnet.com for listings.

I don't think I'd have the money to buy entire apartment complexes, but at $40 a month for Loopnet, I think I might be in the wrong business! :)

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