Stock Market Stinks (Down -800 points Today) - Real Estate Great

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Stock Market Stinks (Down -800 points Today) - Real Estate Great

Account Closed
Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes

Here we go - it's just the beginning . . .  Is your Broker returning your calls?

"This Is The Tipping Point": One Bank Is Calling For A 30% Market Correction
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Vinay H.
Cambridge, MA · Member since 2017 · 268 posts · 247 votes
8y

I thought I was seeing objects falling from skyscrapers in Manhattan until I realized these were investment bankers jumping out of the windows ....

Just kidding. We had 900 point decline in Feb and we are still standing.

HOWEVER, clouds are on the horizon

a) International markets have been routed - from 50% down in Asia and Russia to 15% down in Europe

b) Interest rates are climbing, 30 year mortgage hit -- shock, horror -- 5% again

c) Real estate markets in some regions are showing seasonal cooling down

d) Tariff wars

e) Oil prices rising

f) Employers cannot find employees

The next 12 months should be interesting ....

When the credit markets sneeze, the real estate market will catch a cold ....

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    8y
    Originally posted by @Steve K.:

    @Account Closed If I were your heir, I’d prefer to inherit passive dividend yielding stocks over aging physical structures that require constant influx of capital and effort to maintain. Poor kids better know the business end of a sewer snake!

    FOR SURE unless the kids are inheriting TRUE B + to A class professionally managed type of assets.. or they are in the real estate business and understand what were and how.. giving a bunch of scattered SFR rentals to folks who are not interested in it or know how to manage it is not a good thing..

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    2Reply
  • Mark Sewell
    Investor · Houston, TX · Member since 2017 · 1k+ posts · 871 votes
    8y

    A lot of good comments, nobody is really wrong IMHO.

    0Reply
  • Account Closed
    Investor · Princeton, TX · Member since 2014 · 1k+ posts · 1k+ votes
    8y

    If anyone wants to make a short term play in the stock market, then this is probably as good of time as any.  After the earnings blackout period for stock buy backs are over during the next couple of weeks stock should rebound some.

    My previous comments still apply but short term profits are still possible.

    0Reply
  • Gloria Sheridan
    Rental Property Investor · Marietta, GA · Member since 2018 · 41 posts · 43 votes
    8y
    Originally posted by @Leland S.:

    Sadly, the day you **decide** to do the rollover and the day it actually gets executed are not necessarily the same. I decided on 10/2, but by the time you open your new account with the IRA custodian, create the LLC, get the EIN, open the new bank account, wait for signature validation ("medallion signature guarantee") with a 3rd party so you can actually even initiate the rollover from your 401k, etc. etc....Believe me, I started 10/2 and was trying to move at light speed and it's still in progress and taking 2+ weeks...Correction started on 10/3, right?

    The lesson I'm taking away is: I'm **absolutely** doing the right thing by opening a self-directed IRA so I can do more RE investing and have control over my own destiny. With the correction, my mostly-index-based 401k drops back to ~3% return for the year. Terrible! I'm moving my money where I can reliably earn 12-30%, tax-protected. I just pray nothing worse corrects before the order to liquidate gets acted on.

    1Reply
  • Account Closed
    OP
    Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes
    7y

    Market is down 2,500 points in the last 3 months. My o' My

    Dow is down 600 today 

    0Reply
  • John Nachtigall
    Santa Rosa, CA · Member since 2017 · 325 posts · 701 votes
    7y

    @Account Closed 

    The market does go both directions.   About 1 out of every 3 years is down.  

    https://seekingalpha.com/instablog/605212-robert-a...

    Just like real estate

    https://www.businessinsider.com/the-economic-crash...

    Best advice is to stop trying to time either market and make good long term choices

    0Reply
  • Account Closed
    OP
    Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes
    7y
    Originally posted by @Daniel F. Harb:
    @Max Tanenbaum~It's always a good day to invest in Index Funds. 🤓
    1Reply
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