guru1000
Master Don Juan
- Joined
- Sep 20, 2007
- Messages
- 5,299
- Reaction score
- 4,338
You could positionally trade the NDX/QQQ, by waiting for the breakthrough highs (like now), followed by the big dip, buy and hold to resistance. You can't time these dips and retrace. Might be 6 mos; might be 6 yrs.
I'd rather lend hard money at 12% per annum + 2pts + other "fees" totaling 15%+ per year, collateralized against R/E. Or even better, buy a short sale at 40% discount or apt building (5 units+) at a 5% net cap with rent-stabilized tenants who could be bought out with apts placed back at market rent (200% higher in most cases than the rent-stabilized rent), increasing the commercial value to instant 100%+ over a 12-18 month time frame (offers, buyouts, renovation). Much stronger, securer investment vehicles than the stock market, sitting here with my thumb in my mouth waiting for the next home run based on past performance which is in no way indicative of future performance.
I'd rather lend hard money at 12% per annum + 2pts + other "fees" totaling 15%+ per year, collateralized against R/E. Or even better, buy a short sale at 40% discount or apt building (5 units+) at a 5% net cap with rent-stabilized tenants who could be bought out with apts placed back at market rent (200% higher in most cases than the rent-stabilized rent), increasing the commercial value to instant 100%+ over a 12-18 month time frame (offers, buyouts, renovation). Much stronger, securer investment vehicles than the stock market, sitting here with my thumb in my mouth waiting for the next home run based on past performance which is in no way indicative of future performance.