au1929 wrote:Anon
You have a better suggestion? If so don't keep it to yourself. We can all benefit from your wisdom
Au, I just dumped a great response to you. Let me summarize it for you.
My wisdom can be stated simply ... Under all is the land. 33 years ago, I moved the entire family into real estate. When my mother died in 2001, she left my brother and I a dandy trust filled with California real estate all up and down the coast. Since then, we have basically tripled the holdings. I intend to divest it this year while the hapless Americans think everything is all wonderful. Bush will keep the facade going at least until the elections are over. George and his "Investors" have f*cked Joe and Mary Lunchbucket for decades to come. They will figure it out soon enough.
Although I own homes in Stockholm and Rome, I will not invest in Europe because I think their fortunes are too tightly tied to the U.S.
Asia is the future ... and I will move our investment base there. Singapore, India, and China will be the economic powers of tomorrow ... we (the trust) will be there to take full advantage of it! In 1980, California real estate dropped 35-45% in less than two years. I intend to divest it before it does that this time.
So that's my plan AU, how about you??
Anon