When I moved to Florida in 2005, the real estate market was hot, sizzling hot. We sold our Harrisburg PA home for a tidy profit, but the purchase of the new house in Jacksonville caused us to pay up. It was at the height of the real estate boom. Ouch!
I've have always been a fan of holding equity securities long-term. Now, long-term can mean different things to different people. I’m talking about five to ten years or more. The critical component of that perspective is buying quality companies at reasonable prices (think discount or sale).
