As we have seen in recent months, negative media reporting on economic conditions, housing
market and the likes has highly affected mass America's state of mind. However, the affluent investor uses the media circus as a barometer to position themselves for future profits.
Author, speaker and financial expert, John A. Palumbo stated in a recent article in AgentDirectNews.com, "The affluent consumers in this country have always utilized the uncertainty of the mass consumer to take advantage of unmet consumer wants and needs. " The affluent have amassed fortunes by implementing a few simple principles. When prices are down and the masses are having to sell, the affluent investor is buying. Adversely, when buying activity is high causing prices to escalate sharply, the affluent are ready to sell.
These BUY LOW/SELL HIGH principles transcend all investing. However, as the stock market struggles, expect the savvy investors, as well as those price out of the market during the recent property boom, to continue to come back to the real estate marketplace in southwest Florida to take advantage of the great opportunity that is to be had. Case in point, we've seen an increase in sales volume over last year for three consecutive quarters.
So, the question is, are you swimming with the masses or against them?
Labels: affluent, buying, investing, opportunity
