History Does Rhyme
The dotcom bubble had burst.
Then 9/11 happened.
It was a series of events that causes the markets to come crashing down.
Within a few years, economic optimism picked up.
So much so, that by 2007 asset prices in equities and real estate had soared.
Seasoned real estate investors and amateurs were taking on risk to own more assets.
Double digit gains were the norm, and expected by investors.
It seemed as though the good times would never come to an end.
But it did come to an end!
Real estate assets were hit the worst, with all asset values crashing down.
History doesn’t repeat itself, but it often rhymes.
Exuberance will give way to sluggishness of spirit and results.
When? That is the answer that no one knows.
But it should provide pause about what to do with gains before the market or the increase in taxes wipes out the gains.
Are you not sure about what to do?
Get a review of your gains, investments, and options.
It could be the most important decision you make in 2021.
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“I’ll be ready. I’m not sure for what exactly. But maybe that’s what being ready really means.”
– Holly Goldberg Sloan