Tuesday, November 02, 2010

BUY NOW (REDUX)

You may have heard successful hedge fund manager John Paulsen's recent comments regarding inflation. He was speaking to a standing-room only crowd at New York's University Club; and he said that double digit inflation is ON ITS WAY! "If you don't own a home, buy one", he said. "If you own one, buy another one". "If you own two homes, buy a third!" "And lend your relatives the money to buy a home", he said.

Locking in a thirty year, fixed-rate mortgage, and paying it back with much cheaper dollars, is a very wise investment.

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