January 12th, 2011 9:29 AM by Eric Fang
2011 will be a year of opportunity. The stock market is good, so it will be good for my clients since most of you have stock options or ESPP. And aslo Fed QEII seemsworking.
Nov-Jan is the party time, from Thanksgiving, Christmas,New Year and Chinese New Year. And one of the hot topics now is the investment.
For all of us, we will go through the following stagesafter college: save the money, build the equity and protect your assets.
For the mortgage(Purchase or Refinance), we can only save money, and usually just around $100 to $200.
For the first 2 months of this year, the mortgage rateshould be stuck in the trading range. I don't think we will see 30 yr fixed rtae below 4.5% in the next twomonths. It's ok for most of my clients since you guysalready have a very good rate.
In order to make more money, we should focus on big picture now. I have some friends focus on the REinvestment; some on stock trading; some on career improvement. Just do whatever you think you can dothe best.
For myself, I focus on the career improvement. I willcontinue to improve my knowledge on mortgage, bonds,insurance and trust. I can help my clients morein the future.
I have a stock trader friend, his goal this year is "timing" the sell/purchase one day better.He said that if he could do that, he will improve the gains by 10%.
I have another client saying that he will purchase more REOs in the next a few years and that he willretire within 5 years.
Though I am a loan originator, the mortgage planningshould be a small part of your financial planning.Just focus on the big plan you have.