Quote:
Originally posted by Mike Oxlong@Jun 21 2005, 01:48 PM
There is going to be a HUGE stock market crash when all the baby boomers retire and pull all thier money out of these stocks, mutual funds etc... A lot of people are going to lose a lot of money.
|
That's a bit of a broad statement don't you think? There are a lot of factors that affect stock price and retail vs institution investors is one but many factors. Many of those factors would also affect the real estate / land vehicle, particularly the interest rate, perhaps even moreso than for equities.
Land as an investment certainly has merits. But it's important to not that land also goes down in value - it doesn't always go up. It's not a can't lose proposition. Japan's real estate bubble burst in the 90's and still hasn't recovered.
CNRL split 2 for 1 (again) about a week and a half ago and went to $35. It's at $44 today (26% gain, and it settled down today). Pretty good gain for a week and a half's worth of exposure.