Bob O'Brien
Head Instructor
bobrien@mywealth.com
After a year like 2008, I think it’s important to run down some of the distinctions, philosophies, policies, and practices that should now rest in peace in the ash heap of eternity or at the very least be re-evaluated very closely.
1 Leverage is always good… Too much leverage can hurt really bad… Borrowing and borrowing into eternity is recipe for massive financial destruction.
2 Just buy and hold stocks and you can’t go wrong. If you would have bought and held the S and P 500 index in 1998 you would have really went nowhere.
3 Supply side economics is the always the way to go. I am not going to bash Republicans here, but when you have one of the most conservative Presidents in history bailing out numerous industries. I think that speaks for itself.
4 You can’t go wrong in Real Estate. This bubble that hit Main Street will be an eye opener for numerous generations to come.
7 Worry about qualifying for a mortgage is replaced with, worrying if you did qualify for a mortgage.
8 Never question the numbers on anything. It’s not that hard to run some #'s and you need to run some #’s to protect yourself.
Remember no one will care more about your money than you, and that is why you always want to continue to educate yourself, get varying opinions and check out our courses. Also, feel free to add any that you think I missed in the comment section.
Bob O’Brien
