Richard Crenian Blogs
December 29, 2008
“Who Are You?”
When I read the Globe and Mail, there was a story about a Canadian we shall call Peter Puck, who now lives in California. Peter has been going through some tough times of late. He is in his 60’s, and was the former owner of the Edmonton Oilers and Gainers Meat Packing Plant.
He was apparently hated in Edmonton for selling Wayne Gretzky (99) off to the L.A.Kings and how he thumbed his nose at the blue collared folk in Edmonton. (It was just business I remembered him saying…)
He was idolized as a symbol for the Canadian Entrepreneur and no one in Western Canada in Peter’s time had not known about him. Peter was in everything including real estate and I remember that he was selling off a development in Hawaii, and was even trying to sell shares in the Edmonton hockey team along with his other interests in Teams that he owned or co-owned. He was a very exciting guy to watch and learn from, but unfortunately didn’t know when to quit or my guess is gambled once too often.
All entrepreneurs gamble and some win, and some not so lucky. When you gamble in your 20’s, 30’s up to say even your 50’s, it is ok because you have time on your side and even if you blow it, you may have a chance of coming back in your sixties.
What happens if you are in your 60’s and you blow it? You risk everything.
Who would in their right mind invest in the stock market today on a go forward basis?
We know it is for gamblers and are you going to gamble your hard earned savings?
If Peter Puck would have followed Howard’s footsteps and invested in cash flowing quality assets maybe he might not be in the pickle he is in today. Ask Howard what he can do for you, and if Peter had done so, he would be hanging out in Tucson, golfing with Howard. Howard can be reached at 403-630-4544.
Richard Crenian
Monday, December 29, 2008
Thursday, December 25, 2008
"Merry Christmas!!"
Richard Crenian Blogs
December 25, 2008
“Merry Christmas!”
No rest for the wicked so here I am blogging. I would like to thank my faithful readers and to wish them all a very Merry Christmas and of course a Happy New Year.
I hope that 2009 brings you all the well wishes and joy that you deserve and of course good health, because without your health you don’t have a quality of life.
So often people tie into their lives with what they do and who they are. They forget that as they age and their bodies slow (Like mine) what the real important thing is to care and to have your family care for you. You didn’t work all these years for yourself, no you did it for your family.
Your legacy is not in what you do but what you leave behind with your children, grandchildren and the like. Of course if you can you want to take care of them and with luck and the right cash flow quality investments you have.
Like my dear partner Howard who enjoys his life. I always tell Howard that when I grow up (if I ever do) I want to be just like him! Call him and wish Howard a Merry Christmas-403 630 4544- and tell him to have a super day!!
Richard Crenian
December 25, 2008
“Merry Christmas!”
No rest for the wicked so here I am blogging. I would like to thank my faithful readers and to wish them all a very Merry Christmas and of course a Happy New Year.
I hope that 2009 brings you all the well wishes and joy that you deserve and of course good health, because without your health you don’t have a quality of life.
So often people tie into their lives with what they do and who they are. They forget that as they age and their bodies slow (Like mine) what the real important thing is to care and to have your family care for you. You didn’t work all these years for yourself, no you did it for your family.
Your legacy is not in what you do but what you leave behind with your children, grandchildren and the like. Of course if you can you want to take care of them and with luck and the right cash flow quality investments you have.
Like my dear partner Howard who enjoys his life. I always tell Howard that when I grow up (if I ever do) I want to be just like him! Call him and wish Howard a Merry Christmas-403 630 4544- and tell him to have a super day!!
Richard Crenian
Wednesday, December 24, 2008
"No Complaints, Here!"
Richard Crenian Blogs
“No Complaints Here!”
December 24, 2008
Do we ever complain? I saw a book at Ingido that asked if a complaint is a marketing opportunity?
Ok let’s ask what we should complain about….
1. We live in a democratic country?
2. We are provided quality health care?
3. We have freedoms not found anywhere else in the world?
4. We are often in our country the master of our destinies?
5. We are taken care of as we age by our government?
6. We have a stable government?
7. We can come and go as we please?
8. We are a law abiding country?
9. We are not in war?
10. We have kids sacrificing their lives for us overseas?
It is nice to live in a western world where we suffer the indignities of cold weather, stupid political jargons and fights, and especially in Canada, where the banks are still in order.
We visit the doctors and go to the hospitals for free, how lucky are we?
Even if we don’t need the money we get a pension at 65, and carry on. We are lucky to have been born here or have had the great foresight to immigrate here.
Yet we complain. Complain if we didn’t invest properly in our 40’s and 50’s to keep the lifestyle we want. We chased the greed and go burned. My partner Howard, he chased nothing. He taught me that slow and steady wins the race and there he is in first place. He taught me cash flow investing and that is something we can and should learn from him.
Hey Howard, I am going to call you on your cell at 403-630-4544 to wish you a Merry Christmas and have you tell me how nice it is out west today with a high of -19!! Cold weather, OK, that is something we can complain about!
Richard Crenian
“No Complaints Here!”
December 24, 2008
Do we ever complain? I saw a book at Ingido that asked if a complaint is a marketing opportunity?
Ok let’s ask what we should complain about….
1. We live in a democratic country?
2. We are provided quality health care?
3. We have freedoms not found anywhere else in the world?
4. We are often in our country the master of our destinies?
5. We are taken care of as we age by our government?
6. We have a stable government?
7. We can come and go as we please?
8. We are a law abiding country?
9. We are not in war?
10. We have kids sacrificing their lives for us overseas?
It is nice to live in a western world where we suffer the indignities of cold weather, stupid political jargons and fights, and especially in Canada, where the banks are still in order.
We visit the doctors and go to the hospitals for free, how lucky are we?
Even if we don’t need the money we get a pension at 65, and carry on. We are lucky to have been born here or have had the great foresight to immigrate here.
Yet we complain. Complain if we didn’t invest properly in our 40’s and 50’s to keep the lifestyle we want. We chased the greed and go burned. My partner Howard, he chased nothing. He taught me that slow and steady wins the race and there he is in first place. He taught me cash flow investing and that is something we can and should learn from him.
Hey Howard, I am going to call you on your cell at 403-630-4544 to wish you a Merry Christmas and have you tell me how nice it is out west today with a high of -19!! Cold weather, OK, that is something we can complain about!
Richard Crenian
Tuesday, December 23, 2008
"Is it Christmas Already?"
Richard Crenian Blogs
December 23, 2008
“Is it Christmas Already?”
Where did the time go?
Is it almost Christmas already? Didn’t we already have that five minutes ago?
The year flew by, and when you look back do you see a crazy year in the economy or are we thankful for our health and our families?
After all those crazy things we did in our teens, 20’s and 30’s aren’t we glad that we are still around?
I tell my younger friends that the time is now to save, go without, and look towards the future, so that as they age gracefully they can enjoy all their fruits of their labor.
You may not need the cash flow and appreciation of your assets in your thirties but you certainly need them as you get past that. The average Canadian’s life is 83, yet most only work till they are 65.
Take Howard, he will live to 120 I am sure. He still works because he loves it, loves the action and keeps him out of trouble. The years fly by and he keeps looking and feeling younger and younger. He invested right and now he is enjoying the fruits of his labor!
Phone him and ask him how he does it!! 403-630-4544, meanwhile enjoy your family!!
Richard Crenian
Attached is a former blog of mine!
Richard Crenian Blogs
November 28, 2008
“Come Grow Old Along With Me!”
When we married and as we age, we promised our wives and kids, the lines from the following Robert Browning Poem, “Come grow old along with me, the Best is Yet to be!”
So how are we doing so far…..? Kids are good, partner is good and the health is good.
How is your financial health doing? You worked hard and you are ready to retire or you are retired now what?
I always talk and write about Howard, because I have known him for the past 31 years and have used him as my mentor. He worked so hard all his life, and he has had more fun than anyone I know. A good golfer, Howard lives life to the fullest!
A good family man and a good friend, he is always there with a smile and a hand. At 64, he has been married for over 40 years, and has more energy than any 20 year old that I know.
He only works because he loves the buzz and the action. His comment to me is to me is, “What else do I want to do? You can only golf so much!”
His plan was always through smart investing, avoiding the get rich quick schemes, and always cash flow investing. He loves good quality commercial real estate as it is a steady source of income for him to continue enjoying his life.
If he can live right so should we. “The Best is Yet to BE!”
PS Howard loves a good joke, and a is big prankster!
Richard Crenian
December 23, 2008
“Is it Christmas Already?”
Where did the time go?
Is it almost Christmas already? Didn’t we already have that five minutes ago?
The year flew by, and when you look back do you see a crazy year in the economy or are we thankful for our health and our families?
After all those crazy things we did in our teens, 20’s and 30’s aren’t we glad that we are still around?
I tell my younger friends that the time is now to save, go without, and look towards the future, so that as they age gracefully they can enjoy all their fruits of their labor.
You may not need the cash flow and appreciation of your assets in your thirties but you certainly need them as you get past that. The average Canadian’s life is 83, yet most only work till they are 65.
Take Howard, he will live to 120 I am sure. He still works because he loves it, loves the action and keeps him out of trouble. The years fly by and he keeps looking and feeling younger and younger. He invested right and now he is enjoying the fruits of his labor!
Phone him and ask him how he does it!! 403-630-4544, meanwhile enjoy your family!!
Richard Crenian
Attached is a former blog of mine!
Richard Crenian Blogs
November 28, 2008
“Come Grow Old Along With Me!”
When we married and as we age, we promised our wives and kids, the lines from the following Robert Browning Poem, “Come grow old along with me, the Best is Yet to be!”
So how are we doing so far…..? Kids are good, partner is good and the health is good.
How is your financial health doing? You worked hard and you are ready to retire or you are retired now what?
I always talk and write about Howard, because I have known him for the past 31 years and have used him as my mentor. He worked so hard all his life, and he has had more fun than anyone I know. A good golfer, Howard lives life to the fullest!
A good family man and a good friend, he is always there with a smile and a hand. At 64, he has been married for over 40 years, and has more energy than any 20 year old that I know.
He only works because he loves the buzz and the action. His comment to me is to me is, “What else do I want to do? You can only golf so much!”
His plan was always through smart investing, avoiding the get rich quick schemes, and always cash flow investing. He loves good quality commercial real estate as it is a steady source of income for him to continue enjoying his life.
If he can live right so should we. “The Best is Yet to BE!”
PS Howard loves a good joke, and a is big prankster!
Richard Crenian
Friday, December 19, 2008
"The Glass is definitely Half Full!"
Richard Crenian Blogs
December 19, 2008
“The Glass is definitely Half-Full!”
Fact:
Oil Prices are down- we laugh every time now when we fill up! If we are flying it should be cheaper because oil is less! As a consumer we are glad that it is costing us less.
Fact:
Retailers are concerned about their sales. Yes but that translates in better deals for us consumers. Retailers profits are down but their sales are still about the same. What good deals out there!
Fact: Government of Canada is lowering its rates. That is good, cost of funds for borrowing are cheaper. We are experiencing “deflation” and as a consumer that is better for us.
Fact: House prices are lower. Our kids can now afford to buy the houses at lower interest rates. If we are buying retirement homes, or condos it is a great time to look at that. If you are looking at a second home, prices look good for those. Just avoid those land deals. We have a ton of supply of housing right now.
Fact: If rates are lower, my interest on my cash is lowering too.
Yes, so look for safe, alternate investments that provide cash flow higher than the rate of inflation. Look for appreciation down the road, with those qualities in mind.
Fact: High quality commercial real estate is still looking like the way to go. Cash flows, appreciation are all part of that look.
Fact: Howard is back, and it is -37 in Calgary. Dress warm this weekend, and tell Howard to buy a parka after that Tucson trip. Don’t feel too cold for him. He will go back soon.
My blog of November 26th is enclosed, below.
Richard Crenian
Richard Crenian Blogs
November 26, 2008
“Of Promoters and Bandits!”
I was looking at my mail this morning and cannot believe people are trying to sell land investments for future residential projects.
They were promoting investing with you retirement fund…….
GRRR………that makes me so mad.
Let’s see……….
1. House prices are tanking
2. House are taking longer to sell
3. No demand for newer product
4. More supply for product than demand
5. New product is more expensive than existing
6. There is no cash flow associated with the product today
7. No cash flow in the foreseeable future
8. Is land depreciating?
9. Have we seen bottom?
10. Aren’t there better things to do?
So if all the world is scared of housing why would you be investing in land…….unless it is such a deal, you are managing it and you are buying it without the promoter taking all the profit.
Strange isn’t it how some of the promoters out there think we are fools!
Richard Crenian
December 19, 2008
“The Glass is definitely Half-Full!”
Fact:
Oil Prices are down- we laugh every time now when we fill up! If we are flying it should be cheaper because oil is less! As a consumer we are glad that it is costing us less.
Fact:
Retailers are concerned about their sales. Yes but that translates in better deals for us consumers. Retailers profits are down but their sales are still about the same. What good deals out there!
Fact: Government of Canada is lowering its rates. That is good, cost of funds for borrowing are cheaper. We are experiencing “deflation” and as a consumer that is better for us.
Fact: House prices are lower. Our kids can now afford to buy the houses at lower interest rates. If we are buying retirement homes, or condos it is a great time to look at that. If you are looking at a second home, prices look good for those. Just avoid those land deals. We have a ton of supply of housing right now.
Fact: If rates are lower, my interest on my cash is lowering too.
Yes, so look for safe, alternate investments that provide cash flow higher than the rate of inflation. Look for appreciation down the road, with those qualities in mind.
Fact: High quality commercial real estate is still looking like the way to go. Cash flows, appreciation are all part of that look.
Fact: Howard is back, and it is -37 in Calgary. Dress warm this weekend, and tell Howard to buy a parka after that Tucson trip. Don’t feel too cold for him. He will go back soon.
My blog of November 26th is enclosed, below.
Richard Crenian
Richard Crenian Blogs
November 26, 2008
“Of Promoters and Bandits!”
I was looking at my mail this morning and cannot believe people are trying to sell land investments for future residential projects.
They were promoting investing with you retirement fund…….
GRRR………that makes me so mad.
Let’s see……….
1. House prices are tanking
2. House are taking longer to sell
3. No demand for newer product
4. More supply for product than demand
5. New product is more expensive than existing
6. There is no cash flow associated with the product today
7. No cash flow in the foreseeable future
8. Is land depreciating?
9. Have we seen bottom?
10. Aren’t there better things to do?
So if all the world is scared of housing why would you be investing in land…….unless it is such a deal, you are managing it and you are buying it without the promoter taking all the profit.
Strange isn’t it how some of the promoters out there think we are fools!
Richard Crenian
Thursday, December 18, 2008
"What a Racket!!"
Richard Crenian Blogs
December 18, 2008
“What a Racket!”
Yesterday I blogged about Madoff the former NASDAQ Chairman famous now for being caught for defrauding everyone for $50 billion! I am attaching another article by Forbes magazine on the subject.
http://www.forbes.com/financialadvisernetwork/2008/12/17/madoff-ponzi-vader-fan-ii-in_jl_1217soapbox_inl.html
My question is how someone has the ability to scam the public; If you stole $50 billion where would you go in the world? Where would you hide? Why would you do it?
I guess he thought he was smarter than everyone else, suffered from God syndrome and probably thought he could get away with it!
It is sad, with such a stellar reputation and an unbelievable track record (we now know how and why he had such a good track record), why and how anyone did not want to invest with him?
I also mentioned why I like bricks and mortar, because it is real and not paper. No wonder why no one smart believes in the stock market anymore. Any one with bad intentions can really take your money. Why do people invest in the stock market? Greed and we believe from the promoters it is safe.
Here is what Bloomberg says:
http://www.bloomberg.com/apps/news?pid=20601039&sid=a4nU8QswIu28&refer=home
Scary, scary and scarier, so let’s remember this the next time the market has a run.
Here is another thought, when the markets thought GM, Chrysler and Ford were going to get a bailout the market increased?
My question is given the economy who is going to be buying cars right now unless they need to? So why would the markets have gone up? I don’t get it!
I like real stuff, real rents, and real buildings, and real cash coming in from real people who pay their rents. What’s wrong with that?
PS Howard is home in Calgary today………how do you like the cold Howard. Phone him and ask him why he isn’t golfing today? 403-630-4544.
Richard Crenian
December 18, 2008
“What a Racket!”
Yesterday I blogged about Madoff the former NASDAQ Chairman famous now for being caught for defrauding everyone for $50 billion! I am attaching another article by Forbes magazine on the subject.
http://www.forbes.com/financialadvisernetwork/2008/12/17/madoff-ponzi-vader-fan-ii-in_jl_1217soapbox_inl.html
My question is how someone has the ability to scam the public; If you stole $50 billion where would you go in the world? Where would you hide? Why would you do it?
I guess he thought he was smarter than everyone else, suffered from God syndrome and probably thought he could get away with it!
It is sad, with such a stellar reputation and an unbelievable track record (we now know how and why he had such a good track record), why and how anyone did not want to invest with him?
I also mentioned why I like bricks and mortar, because it is real and not paper. No wonder why no one smart believes in the stock market anymore. Any one with bad intentions can really take your money. Why do people invest in the stock market? Greed and we believe from the promoters it is safe.
Here is what Bloomberg says:
http://www.bloomberg.com/apps/news?pid=20601039&sid=a4nU8QswIu28&refer=home
Scary, scary and scarier, so let’s remember this the next time the market has a run.
Here is another thought, when the markets thought GM, Chrysler and Ford were going to get a bailout the market increased?
My question is given the economy who is going to be buying cars right now unless they need to? So why would the markets have gone up? I don’t get it!
I like real stuff, real rents, and real buildings, and real cash coming in from real people who pay their rents. What’s wrong with that?
PS Howard is home in Calgary today………how do you like the cold Howard. Phone him and ask him why he isn’t golfing today? 403-630-4544.
Richard Crenian
Wednesday, December 17, 2008
"I've Done it TOO!"
Richard Crenian Blogs
December 17, 2008
“I’ve done it too………”
Ok so come clean, Richard. Did you ever invest a lousy deal?
Answer, yes even as recent as within the two years. That is why this Madoff $50 billion fraud, seems to be irking me.
Here is what happened: a friend told me he was investing in a scheme where they were going to get returns of 7% a month and it looked great. The guy was an offshore trader, and now if we got in we would be guaranteed rates of 5% a month, yes A MONTH!
Wow, I couldn’t believe it, it was too good to be true! (Beware rang the bells ringing at the back of my head.)
I would be given an ATM card that I could withdraw the funds monthly and I would be off to the races. So I did a very small amount, and of course it was a scam. IT was too good to be true, indeed!
Madoff with his $50 Billion fraud did the same thing, he stole from the people he loved, his friends, using his reputation and his honour, but when a wolf is in sheep’s clothing, the unsuspecting never knows.
I am happy getting 6 to 7 per cent a year, at least it is honest, and I know I can get appreciation down the road, and money is earned and working in the old and true fashioned way- those get rich schemes are just those, schemes.
That is why Howard and I believe in good quality commercial real estate, bricks and mortars with real people paying their rent! I have attached a previous blog below for you to read!
Howard is home to Calgary today, he and his wife are in for a shock with the cold weather! Call him and welcome him home, at 403 630 4344!
Richard Crenian
In the NEWS……
Cash Flow-What’s new?
By Richard Crenian
September 29, 2008
Wow…….someone was finally paying attention to what this old guy had to say.
Big news of course, Cash Flowing Products………” Didn’t I say that already?
That book I read once upon a time that asked the question “Where are the Investor’s Yachts?” says it all; the Stockbrokers, Mutual Fund guys and the like were all driving the fancy cars and living the life on your back.
As my partner Howard says to me, “It is all about cash flow.”
I was watching CBC TV yesterday, and saw Evan Solomon interview Financial Analysts who suggested we need to go into cash flow products…..no kidding. The big lesson here is to grow your cash slowly and win at the end. Leave the greed out of it and allow yourself to make more than inflation to grow your cash so that when you cannot work anymore you can enjoy your lifestyle without risk. The turtle looks pretty good now to win over the hare!
Whoops did the equity guys and stock and mutual funds salesman forget to tell you about exposure? It looked so easy to make money back then.
When I was in Asia the investors used to tell me how they were doubling their money in Shanghai every six months and when I went back later their voices were mute. Better off going to Las Vegas and playing the tables, at least if you lose you could have said that you had fun doing so and you could control how much you lost!
We live for another day!
The Turtle
Richard Crenian
From September 29th -08
December 17, 2008
“I’ve done it too………”
Ok so come clean, Richard. Did you ever invest a lousy deal?
Answer, yes even as recent as within the two years. That is why this Madoff $50 billion fraud, seems to be irking me.
Here is what happened: a friend told me he was investing in a scheme where they were going to get returns of 7% a month and it looked great. The guy was an offshore trader, and now if we got in we would be guaranteed rates of 5% a month, yes A MONTH!
Wow, I couldn’t believe it, it was too good to be true! (Beware rang the bells ringing at the back of my head.)
I would be given an ATM card that I could withdraw the funds monthly and I would be off to the races. So I did a very small amount, and of course it was a scam. IT was too good to be true, indeed!
Madoff with his $50 Billion fraud did the same thing, he stole from the people he loved, his friends, using his reputation and his honour, but when a wolf is in sheep’s clothing, the unsuspecting never knows.
I am happy getting 6 to 7 per cent a year, at least it is honest, and I know I can get appreciation down the road, and money is earned and working in the old and true fashioned way- those get rich schemes are just those, schemes.
That is why Howard and I believe in good quality commercial real estate, bricks and mortars with real people paying their rent! I have attached a previous blog below for you to read!
Howard is home to Calgary today, he and his wife are in for a shock with the cold weather! Call him and welcome him home, at 403 630 4344!
Richard Crenian
In the NEWS……
Cash Flow-What’s new?
By Richard Crenian
September 29, 2008
Wow…….someone was finally paying attention to what this old guy had to say.
Big news of course, Cash Flowing Products………” Didn’t I say that already?
That book I read once upon a time that asked the question “Where are the Investor’s Yachts?” says it all; the Stockbrokers, Mutual Fund guys and the like were all driving the fancy cars and living the life on your back.
As my partner Howard says to me, “It is all about cash flow.”
I was watching CBC TV yesterday, and saw Evan Solomon interview Financial Analysts who suggested we need to go into cash flow products…..no kidding. The big lesson here is to grow your cash slowly and win at the end. Leave the greed out of it and allow yourself to make more than inflation to grow your cash so that when you cannot work anymore you can enjoy your lifestyle without risk. The turtle looks pretty good now to win over the hare!
Whoops did the equity guys and stock and mutual funds salesman forget to tell you about exposure? It looked so easy to make money back then.
When I was in Asia the investors used to tell me how they were doubling their money in Shanghai every six months and when I went back later their voices were mute. Better off going to Las Vegas and playing the tables, at least if you lose you could have said that you had fun doing so and you could control how much you lost!
We live for another day!
The Turtle
Richard Crenian
From September 29th -08
Tuesday, December 16, 2008
"Oh, My!"
Richard Crenian Blogs
December 16, 2008
“Oh, My!”
You wonder what the world is coming to when a 70 year old man can rip off his own friends, peers, fool banks, investment companies and charities for 50 billion.
Some people invested $40,000, some banks in the millions.
So you work for ten years and let’s say you were lucky enough to make $100,000 a year. In ten years that would be $1 million. Imagine now what it would be like for someone to rip off $50 billion. Unreal.
I sent a note off to Howard, who is still golfing in Tucson by the way, and he responded by asking whom can you trust?
Good point…..therein lies the problem with the stock market. It acts on faith, and when you have an unscrupulous person with a seemingly perfect resume cheat you have to wonder. I watched a senior executive of a bank on TV talk about the reason the stock market has failed is in part due to the immoral individuals running it.
He was obviously right.
So what are we going to do, well in the next run the generation following us will forget, and the same stuff will appear.
Me? My exposure to the market has been slight and I have always like tangible things that I get touch and feel.
Stocks are printed on a piece of paper, commercial real estate I can touch and feel.
So is the potential cash flow and the future appreciation.
Hey Howard, it’s minus 32 at home!
Richard Crenian
December 16, 2008
“Oh, My!”
You wonder what the world is coming to when a 70 year old man can rip off his own friends, peers, fool banks, investment companies and charities for 50 billion.
Some people invested $40,000, some banks in the millions.
So you work for ten years and let’s say you were lucky enough to make $100,000 a year. In ten years that would be $1 million. Imagine now what it would be like for someone to rip off $50 billion. Unreal.
I sent a note off to Howard, who is still golfing in Tucson by the way, and he responded by asking whom can you trust?
Good point…..therein lies the problem with the stock market. It acts on faith, and when you have an unscrupulous person with a seemingly perfect resume cheat you have to wonder. I watched a senior executive of a bank on TV talk about the reason the stock market has failed is in part due to the immoral individuals running it.
He was obviously right.
So what are we going to do, well in the next run the generation following us will forget, and the same stuff will appear.
Me? My exposure to the market has been slight and I have always like tangible things that I get touch and feel.
Stocks are printed on a piece of paper, commercial real estate I can touch and feel.
So is the potential cash flow and the future appreciation.
Hey Howard, it’s minus 32 at home!
Richard Crenian
Monday, December 15, 2008
"It's Vegas again, Baby!"
Richard Crenian Blogs
December 15, 2008
“It’s Vegas Again, Baby!”
Does anyone really care about the markets anymore? Up, down, sideways?
Do we even bother running home to check to see what they are doing, or have we managed to go on with our lives.
Nothing has changed unless you have a ton in the market.
We just learned that the markets are not to be trusted and what it seems to be may not always be true.
Smoke and mirrors and when they disappear you have what we now have, reality.
It was nice to see an article by Dan Richards, a faculty member in the MBA program at the Rotman School at the University of Toronto, in the Globe and Mail on December 9th, with a heading “Markets: Like Taking your Cash to Vegas?”
I don’t have an MBA but I graduated with a honorary degree with a doctorate from the U of HK (Hard Knocks). Hardest school to graduate from, easiest school to get into; perhaps I have run into you as a graduate too?
I heard today that Ipso Reid Survey suggests that Canadians still believed that Real Estate is the better way to go instead of stocks.
I will go one further, good real estate cash flow, well located with a good management team is the only way to go. Do you agree?
Here is my last Vegas Baby Blog from September 29th, 09 if you missed it!
Richard Crenian
“Its Vegas, Baby”
By Richard Crenian
September 29, 2008
I have been to Las Vegas, but I don’t gamble. I tried. I lost a hundred dollars and it made me sick. That was about 25 years ago. I couldn’t stand that I had lost the money so foolishly and in about twenty minutes. I worked hard for that hundred dollars and wanted to stretch it to enjoy it. I didn’t. I have not gambled since.
When my friends were investing in the stock markets, and making money in mutuals, I was happy for them. Why they asked didn’t I invest in them?
For me it was easy……. “Vegas, Baby”.
My rule was not to gamble unless it was a sure thing. A sure thing is tangible and I have control. Logic and common sense is how I like to invest, not on emotion.
A hurricane happens, and the oil prices go up. The wind blows the wrong way and a stock goes down. Russia looks at China the wrong way and the stocks go down. The USA has a banking crisis and………….?
Gold up one day, down the next. Currency up one day, down the next.
What happens when you turn 65 and want to cash in your chips? Is something, somewhere in world affecting your ability to draw your hard earn money out? Then what?
If you have the stomach for this, I applaud you.
I don’t.
I refuse to gamble with my future.
Will I have to work till I am 80? It is worrisome.
Me? Stick with my cash flowing products, stay above inflation, worry less and enjoy life more. Let the winds blow from where they may as it doesn’t affect my investment decisions.
When you buddies lament about how their portfolios are not doing well, smile, nod and think, “It’s Vegas, Baby!” And be glad you aren’t there!
Richard Crenian
December 15, 2008
“It’s Vegas Again, Baby!”
Does anyone really care about the markets anymore? Up, down, sideways?
Do we even bother running home to check to see what they are doing, or have we managed to go on with our lives.
Nothing has changed unless you have a ton in the market.
We just learned that the markets are not to be trusted and what it seems to be may not always be true.
Smoke and mirrors and when they disappear you have what we now have, reality.
It was nice to see an article by Dan Richards, a faculty member in the MBA program at the Rotman School at the University of Toronto, in the Globe and Mail on December 9th, with a heading “Markets: Like Taking your Cash to Vegas?”
I don’t have an MBA but I graduated with a honorary degree with a doctorate from the U of HK (Hard Knocks). Hardest school to graduate from, easiest school to get into; perhaps I have run into you as a graduate too?
I heard today that Ipso Reid Survey suggests that Canadians still believed that Real Estate is the better way to go instead of stocks.
I will go one further, good real estate cash flow, well located with a good management team is the only way to go. Do you agree?
Here is my last Vegas Baby Blog from September 29th, 09 if you missed it!
Richard Crenian
“Its Vegas, Baby”
By Richard Crenian
September 29, 2008
I have been to Las Vegas, but I don’t gamble. I tried. I lost a hundred dollars and it made me sick. That was about 25 years ago. I couldn’t stand that I had lost the money so foolishly and in about twenty minutes. I worked hard for that hundred dollars and wanted to stretch it to enjoy it. I didn’t. I have not gambled since.
When my friends were investing in the stock markets, and making money in mutuals, I was happy for them. Why they asked didn’t I invest in them?
For me it was easy……. “Vegas, Baby”.
My rule was not to gamble unless it was a sure thing. A sure thing is tangible and I have control. Logic and common sense is how I like to invest, not on emotion.
A hurricane happens, and the oil prices go up. The wind blows the wrong way and a stock goes down. Russia looks at China the wrong way and the stocks go down. The USA has a banking crisis and………….?
Gold up one day, down the next. Currency up one day, down the next.
What happens when you turn 65 and want to cash in your chips? Is something, somewhere in world affecting your ability to draw your hard earn money out? Then what?
If you have the stomach for this, I applaud you.
I don’t.
I refuse to gamble with my future.
Will I have to work till I am 80? It is worrisome.
Me? Stick with my cash flowing products, stay above inflation, worry less and enjoy life more. Let the winds blow from where they may as it doesn’t affect my investment decisions.
When you buddies lament about how their portfolios are not doing well, smile, nod and think, “It’s Vegas, Baby!” And be glad you aren’t there!
Richard Crenian
Friday, December 12, 2008
"John's Legacy!"
Richard Crenian Blogs
December 12, 2008
“John’s Legacy!”
I was talking to my friend’s son John yesterday. John was a good friend of mine from Moose Jaw, Saskatchewan, an athlete who left Saskatchewan with an Engineering degree, and moved on, finally settling in Calgary.
John loved to developed malls, all sorts of malls.
I met him in the 1980’s and we hooked up to form a partnership to develop, lease and own small shopping malls in Regina, Saskatchewan. We did very well with them and when I decided to sell them to John (a mistake on my part, to sell cash flow assets), John carried on his build and hold program.
John loved country music and one day he bought me a tape for my car, of an unknown singer I did not hear of before. He loved her voice and her songs. I listened to that Shania Twain tape I am sure, till I wore it out and bought another.
We hooked up again in 2002 and I bought a great shopping centre from him in North East Calgary and worked hard on increasing the cash flow and value of that mall.
Although John sold that mall to me, he still had others that he held.
Unfortunately on a November day, John passed and left his three children; two are in the business, and are doing very well.
John in his love for his work left cash flowing assets to his children and they are thankful indeed that the assets are cash flowing and providing them with a good stable income.
Isn’t that what we want to do for your family when you pass? I know I do!
I miss your laugh John!
Richard Crenian
December 12, 2008
“John’s Legacy!”
I was talking to my friend’s son John yesterday. John was a good friend of mine from Moose Jaw, Saskatchewan, an athlete who left Saskatchewan with an Engineering degree, and moved on, finally settling in Calgary.
John loved to developed malls, all sorts of malls.
I met him in the 1980’s and we hooked up to form a partnership to develop, lease and own small shopping malls in Regina, Saskatchewan. We did very well with them and when I decided to sell them to John (a mistake on my part, to sell cash flow assets), John carried on his build and hold program.
John loved country music and one day he bought me a tape for my car, of an unknown singer I did not hear of before. He loved her voice and her songs. I listened to that Shania Twain tape I am sure, till I wore it out and bought another.
We hooked up again in 2002 and I bought a great shopping centre from him in North East Calgary and worked hard on increasing the cash flow and value of that mall.
Although John sold that mall to me, he still had others that he held.
Unfortunately on a November day, John passed and left his three children; two are in the business, and are doing very well.
John in his love for his work left cash flowing assets to his children and they are thankful indeed that the assets are cash flowing and providing them with a good stable income.
Isn’t that what we want to do for your family when you pass? I know I do!
I miss your laugh John!
Richard Crenian
Thursday, December 11, 2008
"My Friend, Darwin!"
Richard Crenian Blogs
December 11, 2008
“My friend, Darwin!”
Darwin and I have been friends for a very long time, for longer than thirty years. He was a very happy single man for the longest time until he ran into a beautiful Thai schoolteacher and they fell in love and married.
They now have two sons, one still in diapers, and travel between Hong Kong, Thailand and Canada. Pretty good for a prairie town boy from Saskatchewan, home of the 1955 World Curling Champions, Garnet and Gorden Campbell. (Remember the Campbell’s from Avonlea and all the folklore associated with them?)
Darwin loves the lake, and when you are at Emma Lake in Saskatchewan this summer make sure you pop in to see him, and he will offer you a hammer and tools to get to work on his forever project, the Cabin.
Darwin runs Asia for us, and is the President of Redev Asia. He is a great guy and a very good friend. A former stockbroker, he believed me when I told him real estate investment was the way to go, so he left his job and started investing in cash flowing real estate and now can afford to travel and enjoy his life.
He has a great office in Hong Kong, so if you are not at the Lake, stop in Hong Kong and ask him to show you around, He will.
His job is to convince the Asians that Canada is a great place to invest in. With Darwin setting the example of what Canadians are like, hardworking, honest and capable, and then explaining that with all our natural resources God has blessed our land, Canada is not a hard sell. (Sometimes I think he should pay me for all having fun at what he does!) He couldn’t do what he is doing if he doesn’t believe and invest with us as a partner in our projects. You can always see a picture of him at http://redevasia.com/
Darwin is 54, and he is set up so his babies don’t have to worry when he is 74…….he tells me that it is never too early to start and invest early in his products. After all he does!
See you at home at Christmas Darwin, and kisses to the kids! Let Mui know that I look forward to some of her good old fashion Thai cooking next time I see her!!
Richard Crenian
December 11, 2008
“My friend, Darwin!”
Darwin and I have been friends for a very long time, for longer than thirty years. He was a very happy single man for the longest time until he ran into a beautiful Thai schoolteacher and they fell in love and married.
They now have two sons, one still in diapers, and travel between Hong Kong, Thailand and Canada. Pretty good for a prairie town boy from Saskatchewan, home of the 1955 World Curling Champions, Garnet and Gorden Campbell. (Remember the Campbell’s from Avonlea and all the folklore associated with them?)
Darwin loves the lake, and when you are at Emma Lake in Saskatchewan this summer make sure you pop in to see him, and he will offer you a hammer and tools to get to work on his forever project, the Cabin.
Darwin runs Asia for us, and is the President of Redev Asia. He is a great guy and a very good friend. A former stockbroker, he believed me when I told him real estate investment was the way to go, so he left his job and started investing in cash flowing real estate and now can afford to travel and enjoy his life.
He has a great office in Hong Kong, so if you are not at the Lake, stop in Hong Kong and ask him to show you around, He will.
His job is to convince the Asians that Canada is a great place to invest in. With Darwin setting the example of what Canadians are like, hardworking, honest and capable, and then explaining that with all our natural resources God has blessed our land, Canada is not a hard sell. (Sometimes I think he should pay me for all having fun at what he does!) He couldn’t do what he is doing if he doesn’t believe and invest with us as a partner in our projects. You can always see a picture of him at http://redevasia.com/
Darwin is 54, and he is set up so his babies don’t have to worry when he is 74…….he tells me that it is never too early to start and invest early in his products. After all he does!
See you at home at Christmas Darwin, and kisses to the kids! Let Mui know that I look forward to some of her good old fashion Thai cooking next time I see her!!
Richard Crenian
Wednesday, December 10, 2008
"Older but Wiser!"
Richard Crenian Blogs
December 10, 2008
“Older and Wiser?”
My mother fell yesterday and hurt her hip. It was the second fall in as many years.
She is 80. She still walks 3 km’s a day and in very good shape, however, the sidewalks are very slippery here, and it is very natural to be 80 and not quite have the grip one used to have.
Here are some facts:
“Preventing Falls in the Elderly
by K.R. Tremblay Jr., and C.E. Barber
(http://www.ext.colostate.edu/Pubs/consumer/10242.html )
Quick Facts...
* The risk of falling increases with age and is greater for women than
for men.
* Two-thirds of those who experience a fall will fall again within six
months.
* Falls are the leading cause of death from injury among people 65 or
over.
* Approximately 9,500 deaths in older Americans are associated with
falls each year. The elderly account for seventy-five percent of deaths from
falls.
* More than half of all fatal falls involve people 75 or over, only 4
percent of the total population.
* Among people 65 to 69, one out of every 200 falls results in a hip
fracture, and among those 85 or over, one fall in 10 results in a hip
fracture.
* One-fourth of those who fracture a hip die within six months of the
injury.”
This was research I picked up this morning.
Question, are all your ducks in a row, money wise……..? Are you investing well so there are no worries to those you will one day leave behind?
Are your investments risky and should only be left to gamblers?
Do you have enough cash flowing investments when you get older so you have enough money to live on?
As we baby boomers start to age we need to think about these things. I can tell you my partner Howard, who sent me an email this morning to tell me it was going to be 70 degrees in Tucson today, is well prepared and ready. So call him and ask him how he does it? 4036304544, and bug him about not being on the golf course this morning!
My mother got back from the hospital last night and is fine, no broken bones, thank God!
Richard Crenian
December 10, 2008
“Older and Wiser?”
My mother fell yesterday and hurt her hip. It was the second fall in as many years.
She is 80. She still walks 3 km’s a day and in very good shape, however, the sidewalks are very slippery here, and it is very natural to be 80 and not quite have the grip one used to have.
Here are some facts:
“Preventing Falls in the Elderly
by K.R. Tremblay Jr., and C.E. Barber
(http://www.ext.colostate.edu/Pubs/consumer/10242.html )
Quick Facts...
* The risk of falling increases with age and is greater for women than
for men.
* Two-thirds of those who experience a fall will fall again within six
months.
* Falls are the leading cause of death from injury among people 65 or
over.
* Approximately 9,500 deaths in older Americans are associated with
falls each year. The elderly account for seventy-five percent of deaths from
falls.
* More than half of all fatal falls involve people 75 or over, only 4
percent of the total population.
* Among people 65 to 69, one out of every 200 falls results in a hip
fracture, and among those 85 or over, one fall in 10 results in a hip
fracture.
* One-fourth of those who fracture a hip die within six months of the
injury.”
This was research I picked up this morning.
Question, are all your ducks in a row, money wise……..? Are you investing well so there are no worries to those you will one day leave behind?
Are your investments risky and should only be left to gamblers?
Do you have enough cash flowing investments when you get older so you have enough money to live on?
As we baby boomers start to age we need to think about these things. I can tell you my partner Howard, who sent me an email this morning to tell me it was going to be 70 degrees in Tucson today, is well prepared and ready. So call him and ask him how he does it? 4036304544, and bug him about not being on the golf course this morning!
My mother got back from the hospital last night and is fine, no broken bones, thank God!
Richard Crenian
Tuesday, December 9, 2008
"You Gotta Laugh!"
Richard Crenian Blogs
December 10, 2008
“You Gotta Laugh!”
You’ve got to laugh about the story I read today on the Globe and Mail website a few minutes ago.
The heading? “Cash-rich Chinese to tour US on house-buying trip: organizer………..”
I am not making this up.
They are travelling to buy foreclosed homes. There are 300 potential buyers.
What happened? Isn’t China the place where poor people live? Where if you want goods manufactured cheaply you go and get it even cheaper?
Isn’t this the place that had no mortgages, where they have a high rate of savings and people work 24-7?
Ahhhh…..doesn’t that remind you of the old days, where you only bought what you could afford, you worked like a dog in whatever you did, and you saved for a rainy day?
Wait, isn’t this the America of fifty years ago?
The Chinese dragon finally woke up and now rich with cash, they are buying homes, businesses and oil fields and companies, because they can?
The roles have reversed and now the American Eagle is fast asleep with the rest of the world catching up!
How do you make sure that doesn’t happen to us? Invest smart, don’t throw away your money and make sure your investments are paying cash flow. You don’t have to take chances and risk your hard earned money. Slow and steady wins the race!
Richard Crenian
December 10, 2008
“You Gotta Laugh!”
You’ve got to laugh about the story I read today on the Globe and Mail website a few minutes ago.
The heading? “Cash-rich Chinese to tour US on house-buying trip: organizer………..”
I am not making this up.
They are travelling to buy foreclosed homes. There are 300 potential buyers.
What happened? Isn’t China the place where poor people live? Where if you want goods manufactured cheaply you go and get it even cheaper?
Isn’t this the place that had no mortgages, where they have a high rate of savings and people work 24-7?
Ahhhh…..doesn’t that remind you of the old days, where you only bought what you could afford, you worked like a dog in whatever you did, and you saved for a rainy day?
Wait, isn’t this the America of fifty years ago?
The Chinese dragon finally woke up and now rich with cash, they are buying homes, businesses and oil fields and companies, because they can?
The roles have reversed and now the American Eagle is fast asleep with the rest of the world catching up!
How do you make sure that doesn’t happen to us? Invest smart, don’t throw away your money and make sure your investments are paying cash flow. You don’t have to take chances and risk your hard earned money. Slow and steady wins the race!
Richard Crenian
"Advice to a Billionaire!"
Richard Crenian Blogs
December 9, 2008
“Advice to a Billionaire!”
How do you become a Millionaire?
Start with a few Billion and invest in a NHL hockey team!
I know that the joke is old and tired, and I am not a jokester, but how much truth is there in what I am saying?
I was listening to a talk radio station at lunch and they were talking about a potential purchase of a hockey team close to Toronto (OK it is Buffalo!) by a Canadian billionaire.
First, you work your butt off; lucky enough to find a product that will make you a billionaire. Then you focus on your passion, which is hockey, and what do you want to do with your money? Blow it on a NHL hockey team, that may be overpriced, and the only people who care about hockey are guys like us, Canadians, and there are only 33.3 million of us? (There are over 35 million just in California!)
If you have a passion in sports, buy a junior hockey team, and manage that, and save the balance of the millions to philanthropy, or just as important your family. Money doesn’t go on trees and you know that if your stock price drops by 66% in one year perhaps one should pull up their socks, and seriously think that God has blessed you so don’t blow it!!
It is hard to make it ($) back, unless you know the deal is so, so, so low and you can sell in better times for high, high, high. But meanwhile it becomes a cash drain, as the overpriced wanna-be superstars and the league takes your money. (Why else do they want you to buy? Someone is selling and you are buying!!)
Perhaps find some good quality sound commercial real estate and have your money work for you, by having your tenants pay off your mortgage, your taxes and overheads, and give you nice cash flow to boot! Leave the cash for the kids, not the headaches!
What sounds better……..a loss or an income? Don’t thank me for the advice; ask your kids what they want you to do?
Richard Crenian
December 9, 2008
“Advice to a Billionaire!”
How do you become a Millionaire?
Start with a few Billion and invest in a NHL hockey team!
I know that the joke is old and tired, and I am not a jokester, but how much truth is there in what I am saying?
I was listening to a talk radio station at lunch and they were talking about a potential purchase of a hockey team close to Toronto (OK it is Buffalo!) by a Canadian billionaire.
First, you work your butt off; lucky enough to find a product that will make you a billionaire. Then you focus on your passion, which is hockey, and what do you want to do with your money? Blow it on a NHL hockey team, that may be overpriced, and the only people who care about hockey are guys like us, Canadians, and there are only 33.3 million of us? (There are over 35 million just in California!)
If you have a passion in sports, buy a junior hockey team, and manage that, and save the balance of the millions to philanthropy, or just as important your family. Money doesn’t go on trees and you know that if your stock price drops by 66% in one year perhaps one should pull up their socks, and seriously think that God has blessed you so don’t blow it!!
It is hard to make it ($) back, unless you know the deal is so, so, so low and you can sell in better times for high, high, high. But meanwhile it becomes a cash drain, as the overpriced wanna-be superstars and the league takes your money. (Why else do they want you to buy? Someone is selling and you are buying!!)
Perhaps find some good quality sound commercial real estate and have your money work for you, by having your tenants pay off your mortgage, your taxes and overheads, and give you nice cash flow to boot! Leave the cash for the kids, not the headaches!
What sounds better……..a loss or an income? Don’t thank me for the advice; ask your kids what they want you to do?
Richard Crenian
"The $22,000 Couch!"
Richard Crenian Blogs
December 9th-08
“A $22,000 Couch!”
USA today had an article by Callum MacLeod this past week, titled ‘Elite Chinese urged to buy, buy, buy!”
A new shopping area is being designed in Beijing to have rich Chinese and foreigners head down to buy items like Bugatti cars and $22,000 designer couches.
The Chinese had long been thrifty according to this article and now they are being encouraged to buy and spend. There, average householders put away 28% of their incomes, according to the Mckinsey firm, compared to nearly zero in recent years in the USA.
Let me see, the US is in trouble, and the Chinese are being urged to go down that route?
Wow! I am no economist, but I know that this is wrong.
How do you manage to spend your way out of the slowdown, and then hope and pray that everything will be fine?
I told my partner Howard, (who is lounging around in Tucson, soaking up the sun and the golf courses) what I read and my thoughts on this and Howard, being wise and older (64), he laughed and said, “Why wouldn’t you invest in yourself and for yourself, because when the money is gone on that $22,000 couch it is not like you will get it back! Money doesn’t grow on trees, you know!” (See, I told you he was older!!)
That’s the point isn’t it? Invest, properly, like cash flow producing income like Howard so you too can sit on the golf course or in the sun. At least the investment pays, instead of sitting on that couch you can’t do anything with. Call Howard; ask him when he is coming back to work? He’s having too much fun! When you call him at 403-630-4544, and he’s on the course ask him what he’s doing answering the phone instead of golfing!!
Richard Crenian
December 9th-08
“A $22,000 Couch!”
USA today had an article by Callum MacLeod this past week, titled ‘Elite Chinese urged to buy, buy, buy!”
A new shopping area is being designed in Beijing to have rich Chinese and foreigners head down to buy items like Bugatti cars and $22,000 designer couches.
The Chinese had long been thrifty according to this article and now they are being encouraged to buy and spend. There, average householders put away 28% of their incomes, according to the Mckinsey firm, compared to nearly zero in recent years in the USA.
Let me see, the US is in trouble, and the Chinese are being urged to go down that route?
Wow! I am no economist, but I know that this is wrong.
How do you manage to spend your way out of the slowdown, and then hope and pray that everything will be fine?
I told my partner Howard, (who is lounging around in Tucson, soaking up the sun and the golf courses) what I read and my thoughts on this and Howard, being wise and older (64), he laughed and said, “Why wouldn’t you invest in yourself and for yourself, because when the money is gone on that $22,000 couch it is not like you will get it back! Money doesn’t grow on trees, you know!” (See, I told you he was older!!)
That’s the point isn’t it? Invest, properly, like cash flow producing income like Howard so you too can sit on the golf course or in the sun. At least the investment pays, instead of sitting on that couch you can’t do anything with. Call Howard; ask him when he is coming back to work? He’s having too much fun! When you call him at 403-630-4544, and he’s on the course ask him what he’s doing answering the phone instead of golfing!!
Richard Crenian
Monday, December 8, 2008
"Yah, Right......"
Richard Crenian Blogs
December 8, 2008
“Yah, Right…..”
I was jogging on a treadmill this weekend and watched TV while I was doing so.
Fox news was having one of their money specialists come on and talk.
The topic and heading was, “What stocks to put your money in to retire with!” I thought to myself this should be good for a laugh.
Why, if you were retiring in 2008 and wanted to withdraw from your account you know that you would be taking a huge hit on your withdrawals.
So because of the market you would have to wait for your retirement.
So what gives?
How can these guys go back on TV and look you in the eye and say invest in the stock market.
I have a blog on going to Las Vegas; I think if you played blackjack you would get better odds. I don’t know where these guys are at, but the stock market is a gamble, and if you know that and you invest your retirement funds there then God bless you. (There are guys with Florida swamp land for sale wanting to sell us some!)
Amid all the market mess and meltdown, the sales guys, promoters and the like are still pushing the stock market as a safe and stable long term investment.
Folks I don’t have the heart for you but if you are braver and riskier that I am go for it.
Do what Howard does; he invests in cash flow real estate commercial products that will produce a yearly income, managed by good professionals and with equity growth and appreciation in the future.
Now what’s wrong with that?
Richard Crenian
www.redevgroup.com
December 8, 2008
“Yah, Right…..”
I was jogging on a treadmill this weekend and watched TV while I was doing so.
Fox news was having one of their money specialists come on and talk.
The topic and heading was, “What stocks to put your money in to retire with!” I thought to myself this should be good for a laugh.
Why, if you were retiring in 2008 and wanted to withdraw from your account you know that you would be taking a huge hit on your withdrawals.
So because of the market you would have to wait for your retirement.
So what gives?
How can these guys go back on TV and look you in the eye and say invest in the stock market.
I have a blog on going to Las Vegas; I think if you played blackjack you would get better odds. I don’t know where these guys are at, but the stock market is a gamble, and if you know that and you invest your retirement funds there then God bless you. (There are guys with Florida swamp land for sale wanting to sell us some!)
Amid all the market mess and meltdown, the sales guys, promoters and the like are still pushing the stock market as a safe and stable long term investment.
Folks I don’t have the heart for you but if you are braver and riskier that I am go for it.
Do what Howard does; he invests in cash flow real estate commercial products that will produce a yearly income, managed by good professionals and with equity growth and appreciation in the future.
Now what’s wrong with that?
Richard Crenian
www.redevgroup.com
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