ACP wrote:
"Shortwave Sportfishing" wrote in message
...
On Tue, 01 Aug 2006 14:03:29 -0400, DSK wrote:

Many people are actually gambling, not investing,

All people investing in stock/bond/commodities are gambling.

It's the nature of the process.

I, on the other hand, never gamble on something I can't put my hands
on. Gave that up right before 9/11. The only stocks I own are IBM
(big dollars - bought really low) and a couple of oil companies.

My new investment strategy is if I can't put my hands on it, I ain't
investing in it.

Real estate - in particular multi-family homes.

Can't go wrong - everybody gotta live somewhere. :)

Just playing a little devils advocate....but real estate has it's ups and
downs also.

As the current real estate "boom" begins to cool off, many people around the
country are going to find themselves upside down with their mortgages.

Real estate is not immune from price depreciation. This is something you or
I have no control over anymore than we do with stocks/bonds/commodities
except the latter are much more liquid, and for that matter can be more
volatile.

In a lot of the real estate markets, the boom is already starting to
cool, and in a lot of markets it's cooled quite a bit.