October 06, 2010
– Comments (4) |
RELATED TICKERS: JNJ
When 'JP' speaks, it's worth listening. Please add any (respectful) feedback to the Comments section of the article page.
Paulson is also buying Beazer (BZH), which I find interesting.
I will say this ... at least Paulson is consistent. Too many gold bugs here will simultaneously say that we're headed for hyperinflation, but to stay away from real estate and housing. Worst logic ever.
Paulson's scenario is not implausible. I still think it's risky to bet on it, though.
I liked this article better than the last 100 Fool-produced articles I read. Why? Largely because it agrees with my own preconceived notions better than most of the rest of it, I suppose. Still, thanks for bringing Mr Paulson's comments to my attention.
I like his advice on buying a home, and I also did just that. Even though my credit is far from perfect (I filed for BK in 2004) I was still able to get a 30-yr fixed mortgage at 5.25%.
On gold, the more I hear about what a great investment it is the more skeptical I become. However, I did just buy some shares of a silver miner. If the thesis for gold going up holds true, it is even more likely that the demand for silver will rise.
And finally, as I get older and begin to think that I might actually be able to retire some day, the more I like the idea of good dividend stocks. I recently added some shares of GE to my IRA for that reason. I plan to hold those shares for 20 to 30 years or more (if I live that long!).
Good on your for buying a home; 5.25% is a very good rate. Furthermore, a good payment history on this asset will contribute to repairing your credit.