Posts Tagged ‘investors’

True Wealth

Posted: February 23, 2017 in Money Matters
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Many investors overlook the fact that your true wealth is your income.” -David Eifrig

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“At more than $1.4 trillion in loans outstanding, student loan debt is nearly four times bigger than all the debts of Greece.  And it’s still growing at nearly 20% a year… multiple times faster than the official rate of inflation.  Worse, the government’s own data has showed as much as 30% of this debt – nearly one out of every three loans – isn’t being paid or is already in default….

At more than 1,000 schools – representing about one-quarter of all U.S. colleges and trade schools – more than half of students have already defaulted or failed to pay even one dollar toward these loans within seven years of leaving school.  Across all schools, the data show as many as 40% of borrowers haven’t paid a single dollar toward these loans within seven years.  Looking at just the past three years, this number jumps to more than half – 54% – suggesting this problem is only getting worse, not better.

In other words, according to the government’s own data, at least 40% of this debt – representing more than $500 BILLION that has been packaged up, ‘securitized’, and sold to investors as ‘money good’ – will likely never be paid back at all.” -Porter Stansberry

“Investors pick pennies in front of steamrollers because they overlook the possibility of a loss.” -Payzan-LeNestour

“It (Chinese government) even pulled out a few stops we never heard of before.  These include allowing investors to use their homes – many of which are bought with borrowed money – as collateral for margin loans.  Debt on top of debt: That ought to get things moving!” -Bill Bonner

Bubble Bath?

Posted: January 21, 2014 in Money Matters
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“…investors who buy into bubbles end up taking a bath.” –Alex Green

Housing Recovery?

Posted: September 10, 2013 in Economics
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“In normal times, two-thirds of real estate activity is organic, meaning people buy homes to live in them. Today, that ratio is reversed: more than two-thirds of all real estate activity in the country today is by either investors or first-time home buyers.  That’s not a recovery….  I can’t even imagine what the impact on the home market would be if every investor today that owns a home decided that it was no longer profitable or worthwhile, and decided to put it on the market.  There are literally millions of homes out there that are owned by investors, and if they decided to rush for the exits, it would be scary.” -Andy Miller  Real Estate Expert