December 19th, 2012 1:04 PM by Eric Fang
I got a phone calls from some marketing companywho can claim that they can help me to close 25 loans per month. I told them that I could dothat 5 years ago.
Yesterday, I listened to the radio and one loanagent is still trying to help those with zerodown or small down payment loans. Is his niche market? Don't know. But it's so hard to do thoseloans nowadays, why I should he target thosemarket? Poor man.
Finished 1/3 of the bookd: Snowball(Warren Buffett).I just tried to learn how he runs business andpick up the stocks. One thing I learned long timeago is that I did not panic when the stock marketis down or interest rate going up. There are myopportunities.
Everytime when the interest rate goes up, I will"collect" some applications and wait for the better rates. And same this time. And I know the ratewill go down within a month.
One of his investment principles is: Margin of Safety.When you purchased the stocks(timing) at a discountprice, your risk of the downside will be minimized.
This is so true to purchase those stocks trading within range and at lower price. Same to lock the rateat the top and float at the valley.