We’re in a real estate depressions and homeowners continue to be in trouble. The housing market may not seem like the most stable place to put your assets, but it’s still your most important investment. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show June 10, 2012 on WSB Radio.
I don’t think I have to tell you we’re still in a real estate depression. Your property may not be one of the great performing assets right now, but for homeowners, it’s still the most important one. Your house is the foundation of your personal finance portfolio and your net worth. This week we talk about what it all means for the housing market.
Another topic for discussion this week comes courtesy of a lawyer friend I know from the gym. He showed me something that left me astounded but I have learned that all the big financial institutions do this. My friend was telling me about his financial investment company and the regular newsletter he receives from them. Are you ready?
The latest edition of the newsletter communicated to its customers that, based on historical data, there was 100 percent chance that their investment portfolios would earn 25 percent in the next year. The whole marketing angle basically boils down to, “You’re under-invested in securities. Pony up.”
A 100 percent chance? Basically a guarantee – really? Do the banks think this is the 90s when everyone who put money into the stock market saw it returned with interest?
Folks, you can’t believe everything you hear.
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