How Are You Preparing For Another 1987?
I'm fairly young, but from some of the REI books I read it looks like the tax code changes in 1987 seriously butchered some real estate investors.
In fact, I think Robert Kiyosaki, who is an accepted guru around here, made a lot of money by buying properties at low values after the 1987 changes.
My question is: How should real estate investors today diversify their portfolios so as to avoid getting socked in the event that this happens again.
Somehow I doubt that the answer will be stocks.
I've been doing well with international bonds. Take a look at TGEIX, for starters.
I've also got some tax free munis.
I'm open to other suggestions.
you can make money in any market with the right principles.
I moonlight as an options trader and had a fellow try and sell me a trading system. When I told him my account is up 104% for the last 12 month period he suggested I could do 40% a month with his
Pick something, become an expert at it, and follow through.
[addsig]