A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California
Put your money to work, but not in Stocks
I wrote an article a while back on how, if we just followed
the Monopoly game that we played as kids, we would be in great shape financially.
Here is how I started the article:
“MONOPOLY: GAME OR ROAD MAP TO
SUCCESS? When we were Kids we played the game of Monopoly. We bought Sold, and
Traded Properties. We even went to Jail. During the course of the game, we felt
many emotions, from having money at the beginning of the game, to buying
property, paying rent, taking out a mortgage, and yes, even going broke. We
even realized as we threw the dice that there was some luck involved. Is the
game of Monopoly a great tool to learn about investing?”
That article was on 09/06/2014,
almost one year ago. If you want to read the entire article, go to http://bit.ly/adcantelmomonopoly.
As we watch the
stock market drop almost 3000 points and we hear all the stock gurus tell us that this
is a healthy thing for the market, I have to wonder why. I am by no means a
stock expert, but it seems to me that this is another bubble that has been
created in China and now is crashing down. All you need to do is go online and
search Chinese ghost towns and you will see how phony the Chinese boom has been
and all these stock experts understood that but did not care.
You may ask, why don't they care, Well, the stock experts love to run up the market with these phony
booms and then they sell at the top and make a huge amount of money. The people
who get crushed are the small investors who gets in the market late and then
before they know it, their investment has lost a huge percentage of it's value.
I understand the lure of the stock
market when we watch it go up and up and putting money in the bank gets no
return. This is part of the scam that has been played on the American people.
The Federal Reserve has left interest rates so low that the saver is almost
forced to put their money in the stock market. But I have been saying for a
long time, buy Real Estate. Use the low interest rates to your advantage and no matter what happens in the economy, you hold an asset
that you can use to make money. The best part is you control the asset, not some money manager, or some bubble that bursts.
People are always going to need to rent
property and even though rents can fluctuate, they will never be at zero.
I ended the article I wrote last September
like this:
“Monopoly is just a game, but it
is a good road map to follow when thinking about investing your money.”
I don’t think I could say it any better
today!
A.D. Cantelmo Property
Management Specializes in Property Management in Orange County
Ca.