Hey thanks for the info, I have looked into both undeveloped land, and buying, what they call here apartments in grey, which means you buy the
apartment in the beginning stages of construction, at one price, and then when it is finished or right before you sign the ownership papers, you sell
it at a higher price to a third party.
The benefits I see of undeveloped land, is that they are virtually maintenance free, you just let them "fatten".
Also considering buying office space, which here is at a prime price, but then you have the maintenance costs, administracion etc.
The equivelent of a CD here (a CDT) really pays next to nothing, so that would be a last option.
The stock market still worries me, I had at one point, over 80000 dollars in Gateway stock, BEFORE 9-11 . After 9-11 it took a nose dive, and I ended
up selling at 4.50 , now it is at 1.90 and unless there is some kind of technomiracle, I don´t think it will ever recover.
Thanks for your advice ...have a funny day.
Edit due to HORRIBLE spelling
[edit on 27-11-2008 by NetStorm]
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