Steve Jobs and REI???
So by now I am sure you have heard that Steve Jobs is stepping down from day to day activities as CEO at Apple. First let me wish Mr. Jobs a long and healthy life and many more birthdays. (For the Record I think Steve Jobs is a GENIOUS and the Best Product Guy of My Lifetime!!!)
Now with that out of the way what do you think Steve Jobs and Real Estate Investing have to do with each other?
What do you think??
Give up?
Well from where I sit the news about Steve Job’s is just another reason I won’t invest in stocks. The financial pundits would probably call this “Execution Risk” while I simply call it “Out of my Control”.
I can’t control the events in my own life everyday let alone the life of executives in Fortune 500 companies. Owning a share of stock gives you the upside and the downside but again you CONTROL nothing. Seems like gambling to me???
With Real Estate Investing you can control the “Execution Risk” yourself and thus you own the outcome instead of having some random event drive down or up the stock price.
The more Real Estate Investing you do the better you get at Executing and driving up the return and reducing Risk.
If you don’t have the time to do your homework on a market or you are swamped with other activities find an Investor that has a track record of success and talk to them.
Good Investing
Comments (3)
Lame hook. Sure, I read it, but if I see anything with your name in the byline again ...ill pass it. Using gimmicks costs you in the long run.
ed, over 13 years ago
The same goes with any investment, including real estate. What if the government decides to take all the fannie / freddie shadow inventory and make them rentals? That'd kill the rental market, thus ruining all facets of your long term rental investments. The end goal is to reduce risk like you have pointed out.
Ben Kevan, over 13 years ago
Great analogy, Michael. While some factors are certainly beyond the control of the real estate investor, today's news about Mr. Jobs perfectly illustrates how little control we have over our stock investment portfolios.
Joshua Dorkin, over 13 years ago