Tuesday, June 07, 2005

Old and rich

Tackling the bears-with no bull - Deirdre McMurdy - Sympatico / MSN Finance
So what are the best bets for achieving that kind of dazzling return? Mr. Jarislowsky staunchly advocates “individual, high-quality stocks”-and avoiding certain pitfalls.

He dismisses real estate, for example, as being too cyclical. Furthermore, he notes that houses are assets with attached liabilities such as mortgages interest, taxes, utilities, repairs and insurance. In fact, he adds, renting could actually be a much more prudent alternative in an overheated residential real estate market.