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Home Real Estate v. Stock Market

Real Estate Still a Great Investment

Chuck Marunde by Chuck Marunde
April 3, 2010
Reading Time: 2 mins read
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Almost daily I see articles in newspapers around the country about more scandals, another stock brokerage, financial services provider, or mutual fund paying some extraordinary penalty or huge settlement for fraud, misrepresentation, or some other criminal violations. The Wall Street Journal reported on August 29, 2006 [1] serious problems at Ameriprise, formerly known as American Express Financial Advisors. Securities America, an arm of Ameriprise, settled for $22 million dollars. The story is that David McFadden, a hot shot broker for Securities America was lying to Exxon employees about their retirement funds. Under McFadden’s management, Bradley Simon’s retirement fund dwindled from $700,000 to $267,000.

Or take another of McFadden’s clients, 73-year old Pat Salatich, a nurse for 25 years at Exxon. She deposited $565,383 with McFadden in 2001, and after only withdrawing $189,000, she learned there was only $73,000 in the account before she stopped the bleeding. She now lives on about $1,500 a month in social security.

Ron and Pam Yandell of Mansfield, Texas, turned over their $1.4 million retirement fund to a stockbroker who invested in risky tech stocks without their approval. They lost $230,000 in the tech crash. After a five year legal battle and lots of costs and stress, they won an award of $990,000 against their stockbroker, but no one can find him to collect it. He’s disappeared. [2]

Real estate prices may go up and down, but over the long run real estate has been a reliable investment, and real estate doesn’t go “poof.”

To be fair, I do know an asset manager who has a remarkable and consistent record of steady gains and no losses for his clients over many years, but he is the exception rather than the rule. Real estate is a good long term investment, and in times of uncertainty with a real estate market that slows down as it has in Sequim and Port Angeles, cash is king. Investors or home buyers who have cash and good credit will be the big winners.



[1] A Star Broker, “Virtually Unsupervised,” Puts Ameriprise Arm Under Scrutiny, The Wall Street Journal, August 29, 2006, page C1

[2] A Word of Warning, The Seattle Times, September 3, 2006, page F1.


Last Updated on April 3, 2010 by Chuck Marunde

Tags: InvestingReal Estate Investing
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Chuck Marunde

Chuck Marunde

Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and 60 books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their Sequim Buyer's Agent. 

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Comments 1

  1. Overseas Investment Property says:
    17 years ago

    I totally agree that real estate is one of the best and most safe investments over the long term and it will not go poof.

    However in my opinion and experience a lot of people are now looking overseas for good ROI property investment opportunities, like Brazil investment property that in our opinion offers some of the best opportunities at the moment due to the strong and growing economy, the beautiful beaches and natural resources and very affordable property prices as well as good capital growth and rental potential.

    It is worth pointing out however overseas property investment also has both risks & rewards and you make sure you get the correct information and due diligence and appoint the appropriate legal representatives.

    Reply

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