Continue to be found in all studies of the richest men in history, academics, researchers and even casual readers significant similarity between all those who have built up large fortunes. You know what it is?
Every single billionaire you ever read was exactly the same strategy used at some point. They bought when everyone sells, and sell when everyone is buying. They have invested heavily to a knockdown price in assets. You go against public opinion.
Buy low and sell high. He worked for the first billionaires in the world, and today he works for billionaires ... including real estate, the media market seems to be trying to scare everyone. But the time for fear of the real estate market has increased, the billionaire real estate Donald Trump said in a recent interview with Larry King:
"It is an incredible situation. There are great opportunities. You know what's interesting? I asked not to buy real estate there two years ago, the people and bought the whole world. And now they are less interested if this is the time they to negotiate to buy. It's time. "To acquire wealth, you have such a rich person think. More importantly, you must do what the rich. And the people of wealth are the buyers when times seem to be worse. This is another example of the important similarity, described in the autobiography of Jean Paul Getty, the billionaire who a large part of his fortune during the Great Depression -. Never the worst economic time in the countryIn his autobiography, Getty wrote "In business, as in politics, it's never easy against the beliefs and attitudes of most companies to move, held against the current of prevailing opinion to go should not be hindered, mocked and insulted expect."
Getty saw the Great Depression as an opportunity to acquire assets of their businesses at reduced prices. Getty did not listen to the press. He made independent decisions based on their own beliefs about the market. In fact, it did the opposite of what everyone did. An example of this city of his book. "When I bought the Pierre Hotel, located in a posh Manhattan Fifth Avenue and 61st Street $ 2,350,000, the modern New York. No crystal ball was needed to show that it was a great buy. The country was, quickly emerge from depression. business conditions are constantly improving for business and pleasure were forced was to increase significantly for some years very little building hotels in New York, and no one was planned for the future was Peter immediately a good deal and a hotel with .. a lot of, potential . But the darkness and doom chaps were too busy titillating their masochistic streaks with pessimistic forecasts of worse times to come good deals to recognize when they see it. I began negotiating the purchase of the Hotel Pierre in October 1938 and took office in May. In (1965) the cost of land and construction of today should be between $ 25 million and $ 35 million to double the Pierre in New York City. I'm not singing; I'm just trying to show that there are ways to handsomely them if only to identify and exploit, profit from the business -. And if they ignore the pessimistic forecasts of self-proclaimed prophets of doom "To understand this more community take note of the following asset Manufacturer:
Steve Ballmer, In March 1989, Microsoft received an unfavorable ruling in its ongoing litigation with Apple Computer, The software company shares fell as investors worried that Microsoft could be blocked with some features of Macintosh and future versions of its Windows operating system. Ballmer did not buy into this idea. Instead, he has invested $ 46 million in shares of Microsoft. Three years later he was a billionaire because he bought when everyone else is selling.
Walton's father, Thomas Walton, Old Mr. Walton went bust in the insurance and mortgage at the beginning of depression, but in the end a management embargo with a working mortgage company. He used this opportunity to bring properties to their value at deep discounts. purchased Following attacks, and the country in order with their savings, Walton's father eventually became a millionaire. At his death in 1984, its properties include 23 Farm and Ranch, spread over four states.
Ross Perot, When Ross Perot sold his shares GM tripled its value, and then he began properties in Texas to buy, where he, prices and oil gas saw big business as a result of the fall in the 1980s environment.
John D. Rockefeller, In the 1890s, the family of Merritt made an effort to field the Mesabi iron ore use. They borrowed aggressively to acquire large tracts of land. In 1893, iron ore prices fell again and Rockefeller. total control of your business is finally obtained. He had the means to cope with the drop in prices. Some of the shares from the Merritt of $ 900,000 in 1894 increased to $ 9,000,000 earned in value 1,901th
Russell Sage, You probably have not heard of Sage. However, he left with $ 100 million estimated an estate when he died in 1906, Sage was a contrarian investor, advisor "Buy straw hats in the winter when no one wants them, and sell them summer when everyone needs." Do you know What? Now it is in winter in our real estate market. To copy the forecast, strategy, we should now property that the market recovery for sale.
Nicholas Longworth, Nicholas was known as "The man who belongs Cincinnati." He was also called "the Western millionaire" because he was the largest landowner in Cincinnati, Ohio. His secret to wealth was land purchase and agriculturally worthless to stay with it until it is a valuable property of the city in the city. at one point, Cincinnati was little more than a village, however, Longworth said trust your future. According to an article appeared, with, in, the cover of the weekly magazine Harper in 1863 he bought for "trivial sums, it was rejected by all ... the acquisition of some of the most valuable pieces of the modern city and it's immediate vicinity." He invested in the growth of the population and has become extremely rich.
Hetty green, Hetty Green died in 1916 at an estimated cost of $ 100 million euros. He often bought and sold high. In fact, investing in the market panics and bought shares at very attractive prices. He also lent money to other stock traders during the Panic of 1906, earning interest off of their misfortune. Moreover, it is also investing $ 5000000000 in Real Estate in Chicago.
field Marshall, Mr. Field is known for its retail business best known; However, most of his wealth comes from the appreciation of real estate in Chicago. He bought large amounts of land in Chicago for as little as $ 20 for a quarter acre in 1830. In 1894, the same piece of land was worth $ 1,250,000. This increase was the growth of the population in Chicago.
John Jacob Astor, Mr. Astor was one of the first multi-millionaires in North America. He was known for his last words were said reportedly "life begin could again, knowing what I do now, and had money to invest, I would buy every foot of Manhattan." Astor also believe investing in real estate in Manhattan at the bottom of the financial crisis of 1837. Many people $ 224,000 that the market would not recover and took him for a fool of their capital in a cast "bottomless pit". If rates of interest increased by 7 percent and homeowners with mortgages burdened properties the Astors he could no longer service its debts, on 70 properties foreclosed Astor. purchased for $ 2000 actor said a section of Harlem one to be worth $ 1 million
Andrew Carnegie, Mr. Carnegie is famous for his charity. He built one of the largest steel companies in the world. During economic depressions, he invested heavily in its factories on the basis of a recovery. In times of prosperity, these investments have to grow to meet the new requirements. As the economy rebounded, he prospered. After all, his steel empire selling for more than $ 400 million 1,901th
What lesson can we draw from these rich people? Buy when everyone sells. Lock valuable assets at bargain prices. Sell these valuable assets when the market for substantial profits rebounds. What Trump today announced the purchase or standing around doing nothing? What would Getty when I today in the shoes? What do Rockefeller? Are these billionaires sitting on the bench, or being employed to obtain purchase at reasonable prices Housing? Real Savvy investors use only on the real estate market as an opportunity to terminate a fortune. The real estate market today opens to a chosen few to achieve financial independence, the door very quickly. This really is time. The media would have you believe that you should just now be afraid of real estate, but as some of the richest people have shown in history to buy when everyone is afraid is a common strategy wealth to acquire mass. And while everyone wants to tell you how the market is, no one talks about what ultimately be the greatest truth ...
This market will continue to recover, Another common feature of all the richest men in history is invested in the application. At this time, diving, property prices - this is a correction of the housing boom in recent years - but any other time of the property market has declined, it has become strong. Indeed, it is, it is and will always be a demand for affordable housing to be. The subprime crisis has made it harder to obtain housing, but the demand is still there. And ... This demand is expected that 30% continue to grow in the next 40 years. At a recent meeting, I attended with leading real estate professionals and investors across the country, one of them said: "The need for affordable housing has not changed. The only thing that has changed is the financing of affordable housing." It is 100 percent okay. To go to the next point, we have to go back and look at the projected population growth by 2050 is expected from 6000 to 9000 million people grow by the year 2050th
Many people think that he has missed his chance to buy property. Now, this is not the case. Sellers are motivated to sell their homes at this time. Housing prices have fallen compared to previous years and is expected to grow in the coming decades in the population. The ability to invest is now. Now, when to drop our projected population growth, one might have a different feeling in the housing market. Population growth chart gives us a crystal ball for our real estate investments. History repeats itself This yearly cycle is not available with any other investment opportunity. It is very easy to see that a growing demand for housing. As the demand increases over time, so that the price of the housing and / or income. the Property is in contrast to many other investments because their value is based on need. People need a home. The key point is that people need housing. People should and / or share investment funds. There is a big difference.
invest Always in demand...
The demand is increasingly driven by the need.
You must be, not rich now invest in real estate, but it never hurts, the lessons taught to learn from those that have been enriched. And the richest men in history were - and - investing in the demand for real estate at low prices at the time. how should you invest now...
