[paythepiper]

I’m an employee of a very large US financial institution. I work on Wall St. It is my “amateur” opinion that we won’t see 14,000 for quite some time to come (years).

Investing in Dutch tulip bulbs seems more reliable advice right now, particularly as the market has risen quickly (many think too much) after the recent slump.

If you have knowledge of history and believe tulip bulbs are also risky, buying Costa Rica real estate looks very solid if you actually intend to live in it.

As a pure investment vehicle, real estate has a history of poor but reliable returns over the long term. Triple AAA rated bonds would tend to be better and a much more liquid asset that requires no maintenance etc,.
As a short-term investment, real estate is awful (unless you have some insider knowledge). The cost of buying and selling it (aka “the spread”) is huge and can easily negate any short term profits (if they even exist at all).

So buy a house if you want one, not as an investment. Now is probably a good time due to the somewhat depressed real estate market, although I generally recommend against “bottom fishing” and trying to “time the market”.

Lastly, make up your own mind. Many people have their own agenda and will try and influence you. Seek impartial advice. Most importantly of all, ignore everything I have said.

Good luck.

PP

[Author]

Posts