Investors Money is better off in Real Estate!
A business associate shared this this article with me and I thought I would share it with everyone.
I have always believed in investing in real estate as a long term retirement strategy. Lets face it, you as the investor or buyer have more control of what, when, why, and how rather than relying on companies that have their bottom line in mind than yours.
I no longer believe that individual investor's are treated fairly in the stock market and the banks, showing huge earnings the last quarter, seem to be trading only to their benefit and no one else's. In short, Goldman Sachs lost money only 11 days in the last 12 months. That would be impossible for us to do and it seems from their congressional testimony that they are making money on both ends of the deals they are doing.
In contrast, "Seven of the investment bank's nine "recommended top trades for 2010" have been money losers for investors who adopted the New York-based firm's advice". How can a company that is right on 96% on their investments be wrong 78% of the time on their clients investments? I think its incumbent upon me to point this out and raise the issue that until something changes drastically, real estate may be a much better option for your money.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aF5tV7uvY0FU&pos=12
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