Yes thanks for sharing. As an entrepreneur I think it's important for investors to feel confident with what they invest in. In this time of crisis it makes perfect sense to liquidate my holdings for future earnings. I hope everyone is staying safe amid this critical time and god bless.
Then you maybe better off just let it sits empty until this crisis is over. The alternative is you may have a problem tenant and there is nothing you can do about it. No different than owning stocks. When we own stocks, we can: keep it, sell it or sell a call against it. Selling call collecting premium is like renting your house, there are risks.
Easy to "move to cash" if the market is just a sideshow and one owns plenty of other holdings like RE, businesses, sport franchise.... In that case moving to cash is smart, to increase liquidity when one's businesses may need cash. For most of us mom and pop amateur retail traders I think we are better off stay in and fight it out instead of trying to time the market. Most market timers eventually failed.
Hello sir, Should we consider to sell long positions? I was buying on 3/23, had my long positions from the past. I did not sell it. These are good but oversold stocks with cash. I am buying now based on my own analysis and research. Do you think it still not good time to buy from the “bottom”? That is what I do unless you prove it opposite. Regards P.S. I guess, it is a joke but anyway pls tell your story....
It is a big difference... It seems you have only one. If your house is empty you are paying big (in NJ) taxes and you also have to pay all other expenses. You can profile your tenants for their eligibility. So far worked and now they are paying. Two professionals with six figures each.
I don't want to give any financial advice, but you need to stop an analyze the situation and then decide for yourself what the risk vs reward ratio would be and take it from there. You don't ever want to base your decisions from what others tell you including myself, because what if I am wrong? 30 years ago when I started my own company MicroSolutions, I had to ponder over what my risks and reward ratio was and then decided that it was a good investment, and it made over 30 million in revenue. I highly encourage you to think about what it is you are investing in and take the worst possible scenario and base your decisions off of it. You will be more successful and more profitable if you do. God bless