Real Estate Timing Report |
||||||
|
--Home
|
Real estate timing for maximum profits |
|||||
Win or Lose in San Diego Real EstateDo you know when its smart to sell . . . and take profits? |
||||||
|
The biggest secret for winning in San Diego real estate – or the stock market for that matter – is to ride an up-trend for as long as possible . . . and then sell when the trend changes. The art of knowing when to exit the market – however – is a skill only a small percentage of San Diego investors ever master. The following story is told by Fred Kelly, author of Why You Win or Lose, and provides the best example of how the typical San Diego real estate investor procrastinates when it comes to making a profitable selling decision. A man has rigged up a turkey trap with a trail of corn leading into a big box with a hinged door. The man holds a long piece of twine, connected to the door, that he can use to pull the door shut once enough turkeys have wandered into the box. However,
there’s a slight catch. Once the
man shuts the door, he can’t open it again without going back to the box,
which would scare away any turkeys lurking on the outside.
One day, he had a dozen turkeys in his box.
Then one walked out, leaving eleven.
“I should have pulled the string when there were twelve inside,” he
thought, “but maybe if I wait, he will walk back in.” While
the man was waiting for the twelfth turkey to return, two more turkeys walked
out. “I should have been
satisfied with eleven,” he thought. “If
just one of them walks back in, I will pull the string.” While
he was waiting, three more turkeys walked out.
Eventually, they all walked out and he was left empty-handed.
His problem was he couldn’t give up the idea that some of the original turkeys would return. This is the attitude of the typical investor who can’t make a decision to sell . . . even at a profit. He keeps expecting the price to recover . . . to return to its original peak. The
moral of this story comes from an old saying on Wall Street:
“Bulls make money, bears make money, but pigs get slaughtered.”
In other words, don’t be greedy. Take
what the market gives you. Learn
when to sell and take profits. How
can San Diego real estate investors overcome the
mistake of riding the market down and watching their profits slip away? The surest way
is to read the Real Estate Timing Report.
Its "Vital Sign" indicators tell you to “sell” when market prices have likely reached their
peak for the current market cycle . . . allowing you to hold on to all
of your turkeys. -------------------------------------------------------------- Buying or selling some San Diego real estate in the next 3-6 months? CLICK HERE to learn how you can find out what the “Vital Sign” indicators are saying whether prices are likely to rise . . . or fall? |
||||||
|
Home
--Hire Robert Campbell --Feature Stories
--What People Say --Questions
& Answers --About Robert --How to Reach Me
webmaster@realestatetiming.com
-- For e-mail list help: click here Copyright 1999-2001 Robert M. Campbell Hosted by xo.com |