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After a decade of hard labor trying to make a dime flipping fixer properties in the WRONG market at the WRONG time I can tell you one crucial thing;

It is much easier (& much more profitable) to "ride the wave" and invest in expanding, appreciating markets. Buy a copy of "Timing The Real Estate Market" by Craig Hall and try to buy properties in regions poised to turn around and expand. Right now I understand the Triangle area of North Carolina and most of Texas are looking favorable. Maybe Albuquerque. People are moving out of the midwest & into the south and southwest.

Find out what areas are projected to lead job and population growth.

Why bother buying property in an area that is depreciating? By the same token don't be late to the party and jump into a "hot" area that is due to top out and start declining soon. Real estate value runs in cycles. Educate yourself, talk to the pros and jump in. You can leverage yourself up rather quickly.

I was able to retire at 45 following this approach in less than ten years. Nowadays I'm trying to work smarter rather than harder.

When it comes to real estate "Live where you want; invest where it makes sense."

I really would like to know how much $ the financial "advisors" were paid...

Mine sounded like he didn't graduate from high school much less college.

After visiting Vegas a few times I know from personal experience how easy it becomes to be seduced by money and bet more than one should - usually resulting in losses.

I owe gratitiude to a couple early posters on this board who pointed out a simple truism to me when I started having urges to dump excessive money into Pinnacle;

"Don't invest more than you can afford to lose."

Thank God I took their advice.

While I can't help feeling suspicious of Pinnacle employees knowledge of events I also wouldn't mind hearing some inside information about the organization from them right now. They're probably pissed off at O'Neal too & in the mood to vent.

If we're hostile to those who come on this forum to explain themselves I doubt we'll hear anything from any of the others.

Can't we hold off judgement until we hear what they have to say?

Linda,

Let's say you've invested money since last October & because of the huge returns you are currently way ahead of the original principal you started with...

Given the 50% scenario, would you be entitled to half of your principal investment, or half of the new much larger rolled amount?

Seems like it would be more fair for everyone to receive the same percentage of their own principal contributions.

Hi Broke,

Many of us put a lot of faith in Cherise Jefferson & I was wondering if you believe she was "in" on this.

Also, we would all love it if you would describe for us your impression of Mr. O'Neal.

It sounds sick, but I'm really wanting inside information on Pinnacle right now to ease my pain. Especially juicy stuff.

Don't leave us hanging!

Kevin,

What do you mean you "called" gte a few days ago & talked to his wife?

I am confused.

P.S. You might want to tone it down if you don't want to get kicked out of this forum!

gte911u,

Your identity is protected - I'll bet a lot of us would love to hear more. What is Gene like? Do you believe other higher-ups in the company were colluding with him?

Could you encourage other employees to come forward & share what they know (anonymously)?

I read in the complaint that he was convicted of check fraud in 1998...wish I had learned that a lot sooner...

gte911u - How do you know?

I believe the employees were not privy to knowledge of fraudulent activity. I don't believe Cherise Jefferson was either.

My great-grandfather threw himself off a bridge after the stock market crash in '29... We have a choice here; we can pick ourselves up by the bootstraps and become determined to earn our losses back legitimately or we can crawl into a hole and be bitter about this forever.

I believe that real estate will lose value all over the country in the next few years and soon we will have one of the greatest opportunities in our lifetime to cash in on real estate "fire sales". I am going to use this experience to strengthen my resolve to turn failure into opportunity.

Look what Trump accomplished after he went belly up a few years ago.