Portland, Oregon is workable city. You can walk it and see which areas are booming and which areas are about to boom.
Better yet, if you live there: you can see and feel the trends.
Day jobs are fine. But they have one problem — all your eggs in one basket. You need to develop a second basket. The simplest one is own income-producing property in your own home town.
I regularly visit Portland to see the kids. It’s a manageable town — like most of American towns. It’s a wonderful place to play local investor. I’ve met entrepreneurs with neat techie stuff that has made it on a national scale. I’ve met investors in buildings — residential and commercial — who have done superbly in recent years. Just by focusing on the area they know and love.
Portland is your town, as New York is my town. My friend here took 35 years to assemble ownership to an entire New York city block. Now he’s developing a couple of high rises that will make his retirement assured and happy. And his children’s and grandchildren’s future assured. Ditto for my friend the real estate seller, who bought herself a bunch of apartments and is now living comfortably as her rents rise (inexorably).
Do it now.
Get yourself a second bow.
Apple is being upgraded everywhere. There are reports that its holiday sales are doing well.
IBM is collapsing. It remains a good short.
It took me all day to recover from Sunday’s night red eye from Portland. Last time I do a red eye. I’m too old for that stuff.
Harry Newton will regale us tomorrow with the horrible story of his Blue Screen of Death and the brilliant strategies he undertook — none of which solved the problem — yet.
Harry,
You should’ve called, I would’ve treated you to the best restaurant and view in Portland.
Several weeks ago I posted on here that I’d purchased Apple stock at $408 per share and urged readers to follow my lead because Apple was likely greatly underpriced. I was immediately maligned and attacked by various posters. Someone calling himself “Cliffs Balls” said I didn’t know what I was talking about and labeled me an idiot. Well, Cliffs Balls, today Apple is at 560 a share and I’ve earned an enormous amount of money in a very short time. Who’s the idiot now? Don’t you wish you’d had the balls to follow my lead and make that purchase, rather than cutting down everything I say? I’m a self-made deca-millionaire ( look it up) with most of my money coming from stock market purchases after the collapses of 1982, 2001 and 2009. Instead pf cutting people down, Harry & his readers would be better served by emulating those with superior track records.
Happy to meet with you next time I’m in Portland. So you have any contact information, like an email address that works? Can you email to me at Harry at HarryNewton dot com. thanks