If you’re suffering from anxiety or apoplexy at the prospect of selling your house for a lower price than you could have received a few years ago, ask yourself this: Are you making a profit, considering the price you paid for your house? If you aren’t making a profit, perhaps because you bought your house only a few years ago, ask yourself this question. Are you going to buy another house at a bargain price—one that will more than make up for your loss?
If you’re not making a profit and you’re not buying a bargain house (maybe you plan to retire to a second house you already own), the question is: Which is more important to you, a little extra money, a little less money, or living the life you want to live?
The shrewdest stock investors sell too soon and buy too late. Sounds crazy, but it’s not. They are content with consistent and safe, albeit smaller profits. They don’t always try for home-runs. They know that home-run hitters strike out a lot.
Saturday, March 13, 2010
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