WHO WILL BE THE NEXT
Sir John Templeton?
Not sure who Sir John Templeton was. He was one of the greatest pioneers in investing we have ever seen.
Sir John grew up in Tennessee and graduated from Yale in 1930. At 27 he started his own investment firm (which he later sold to Franklin at a value of nearly ¾ of a BILLION dollars) and ultimately made BILLIONS more. I thought I would share his philosophy with you. Sir John had two things that we all need to be successful in what ever we decide to do and that is he had Focus and discipline. Sir John was well known for his ability to buy low and sell high. If he had a stock or a piece of property if it was hot he sold and took profits at the height of the market when every one else was buying like crazy. Sir John understood that by following the herd you would suffer the same pit falls as the herd. Like Lemmings to the sea, when one person lost money they all lost. If there was blood in the street Sir John was there to clean it up. He knew that when some people lost money that someone else was making that money. Money does not disappear it merely travels from one place to the next. I believe that Sir John was a master at understanding the “velocity of money”. Money like cars must always travel at a safe speed to be at peak performance. It can not travel to slow or to fast from one hand to another. When money travels to slow the economic channels become clogged, to fast and false values take over. Both will have the same effect, loss of confidence by the herd. In 2005 the real estate market did just that it boomed. People were building and buying faster than homes could be produced so the existing homes sky rocketed up in price. There was a frenzy of buying. I have to think that if Sir John was still with us in 2005 he would have sat patiently on the sidelines and waited. All the While the heard was enjoying buying at the higher prices and riding the crest of the wave. Sir John would have been selling to these people and taking whatever profits there were. Now we find our selves in 2009 with one of the best opportunities the investment community has ever seen. There are few of people that will realize this they are the people that will give the herd back there buying frenzy over the long haul. They will reap profits of the herd at a staggering rate. In any successful economy there must be a herd and a Sheppard to guide them and give them what the want. Here are a few thoughts of Sir John on real estate
This interview was published by NewsMas and Financial Intelligence Report. Now the U.S. has this extraordinary thing - I think in some places we see 50% to 100% gains on the housing market. Other places across the country might be up 25% to 30% in just a matter of three to four years. Incredible gains. When you invest in stocks, you get the same value all over. The same stock sells at the same value, no matter what nation you're in. But that's impossible in real estate. Real estate value depends on locality. If you're going to be a real estate investor, focus on location, location, location. So when you're trying to invest in real estate, you have to do a lot of serious research on whether this location is likely to be popular in the long run. That's why I wound up believing beachfront property is a good investment. I don't think there's ever going to be any more beachfront than there is now. Now people are getting bigger and the amount of money is getting bigger. So beachfront is pretty sure to go up in value. Owning a home on the ocean is better than owning one that's not on the water. But there are large tracts of oceanfront property still available in South and Central America in countries where there is a rule of law. You used to be able to buy land at very low prices. But still there are some good deals.
To sum up Sir John’s philosophy it is basically chose your location wisely and by low and sell high. It is quit simple I know. I feel that sometimes things are so basic that we tend to over look them. That is why it is time to get back to basics. Hilton Head has always had some of the least expensive ocean front property on the east coast. And know it is priced even better.I am not sure who will be the next Sir John Templeton, but there will be someone who steps into those shoes and leads the way. Is it YOU? If you would like more info on this or any real estate needs just let me know This e-mail address is being protected from spambots. You need JavaScript enabled to view it. or 843-341-5660 or my cell 843-422-5933. I am looking forward to hearing from you.
