There are no such things as bad investments; there are only bad prices. After all, you could have bought a house in Gulf Shores in 2007 at the top of the market and still had an asset worth something in 2010. Sure, the market value might have been less than your cost, but someone would have been willing to pay you something for it.
Read the full article as previously published in the Montgomery Advertiser July 19 2013
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.