We are three quarters into 2020, and the experience thus far has been akin to riding a pendulum, swinging from insurmountable obstacles on the road to imminent disaster to a world full of positive change, hope, and possibility.
Over the last several years, I have worked with banks to fund my own real estate ventures and would like to share what I have learned.
If asked, most people would probably say they are rational individuals who make wise decisions. Indeed, logical thinking and prudent behavior are the norm for the majority of people in most instances. Unfortunately, when it comes to money management, people who are otherwise rational often tend to act irrationally
Markets - Ignorance Is Bliss
The economy is not providing sensational data to say the least, but the market is boasting a helpful rebound from its' recent lows. As we wade through the plethora of information related to the impact of COVID-19 on the economy, one thing is clear: the market is ignoring the current reality in hopes of a better, not so distant, future.