Buy Low Sell High
Wednesday Oct 17th, 2018Share
I love the idea of buying low and selling high. After the fact, many investors using this strategy haveclaimed to have made Fortunes. They then turn around and say I bought low and sold High. It is a great concept which after the fact means nothing. If I had a crystal ball I would buy penny stocks and sell them a week later and never have to work again. I really like that idea. Reality is that the higher the return, the higher the risk. Most people who buy low and try to sell high in a short period of time will lose most of their money. Now let's look at real estate investing. I am often as a question about timing. Is now a good time to sell? I say yes, but then also add what are your objectives? if a person is going to make a lateral move, meaning move from one house to something in the same price range..... just maybe in a different neighborhood then any time is a good time to sell or buy. If instead a person has a second home, they can time the market a lot better. Unfortunately in lateral moves they buy low and sell low. if they sell high they have to buy something else and they buy high.
Royal Lepage Credit Valley Realty
At Royal Lepage helping is what I do!
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