Heart Start Hawaii Foundation
Hawaii Real Estate

MIKE TYSON ECONOMICS


MIKE TYSON ECONOMICS

When asked his response to a competitor who stated he had a plan to defeat Mike Tyson in the ring, Iron Mike said “Everyone has a plan until they get hit in the mouth.” Thus it is so with your investment portfolio perhaps? You’ve been hit…but are you out? For several years, before I had kids, I would travel regularly to Las Vegas with friends and we would often play craps. Invariably I would lose most of my money and go to my room to lick my wounds… meanwhile one of my friends, who was also losing, would decline to retire and say, “Im gonna stick it out a little longer.” In the morning when I would check on his status, I was almost always met by the response that things had turned around and he was back to even or profitable. While I am not suggesting gambling as a solution to your financial woes, the point is that you shouldn’t sell and run… you might actually consider investing more at these low levels to ride the wave back up, provided you have a long-term time horizon. Shelby Cullom Davis, a renowned investor put it best: “You make most of your money in a bear market. You just don’t realize it at the time.” Whether you prefer equities or real estate, you have two markets that are beaten down but you have to have confidence when others do not.



Buying a Home

For many, a real estate purchase may be the biggest purchase of their lives. As a result, the buying process can seem daunting and difficult…
Read our Steps to Buying

Selling a Home

Selling can sometimes seem like an overwhelming process, but with our help… it doesn’t have to be. With our expertise and strategies…
Read our Steps to Selling
The Forward Process