R.L. Brown, in his recent presentation about the local real estate market told a story about a successful stock investment. I thought it was worth repeating.
He began his story by telling the crowd he purchased Garmin stock about a year ago. He said that he liked their balance sheet and their products, so he bought in around $40 a share. He sat back and watched the stock grow to 60, then 80, then $120 per share! His friends all thought he was an ace stock picker. Then it happened – the stock had topped out and started to decline. He watched it get below a hundred and finanally jumped ship when it reached $83 per share. Not a bad investment – doubled his money in less than a year! But do you know how he felt? Disappointed!? Eventhough he doubled his money in less than a year, he could not quit dwelling on the fact that he didn’t sell it at $120 per share.
Do you know anyone that feels this way about their real estate investment?
