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re: 50 Unfortunate truths about investing
Posted on 3/11/13 at 8:53 pm to Vols&Shaft83
Posted on 3/11/13 at 8:53 pm to Vols&Shaft83
The following are a great starting points for most people.
quote:
For most, finding ways to save more money is more important than finding great investments.
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If you have credit card debt and are thinking about investing in anything, stop. You will never beat 30% annual interest.
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For many, a house is a large liability masquerading as a safe asset.
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And what Marty Whitman says about information: "Rarely do more than three or four variables really count. Everything else is noise."
Posted on 3/11/13 at 11:10 pm to Bayou Tiger
quote:
For many, a house is a large liability masquerading as a safe asset.
Can someone explain this? Other than a down real estate market, how is it a large liability?
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