The world financial markets are in TURMOIL!  Many people are running for cover!  Is it time to BUY?

If you recall my mantra before I have launched any sailing adventure you will know where I am heading with this question.  “Do not be fearful!”  I chatted today with one of my good friends, Bob Waun, who is the president of Vacation Finance.  Neither of us know what is in store for real estate in the Caribbean, however, we are in agreement it is chocked full of opportunities – lots of choices, and great bargains!  Here are some of his musings…

 Faith, beliefs and conviction can be fickle friends when they are tested by panicked masses. “The end is near!” seems to be the chant of the crowd across the world today.  But what of substance has changed within our global economy?  Did a world of Fathers change their commitment to feed and clothe their children?  Did Mothers decide that the generic brand cereal would be fine in mass?

Purely FEAR of what “might” change. Now that’s not rational. Historians and economists can attest that humans don’t always act rationally in mass, but as individuals we can choose to be rational. To act out of faith and conviction not panic.

“Looking back on it, I was a trader in the pits of the S&P in 1987, it was the most exciting and profitable stock market opportunity of my lifetime” a friend told me today… Did he notice it at the time?  No.

Life is clearer in the rear view mirror. Regret is more painful than overcoming fear….

FEAR is “False Evidence Appearing Real”!  Fear paralyzes!  Did you notice what Warren Buffet did last week?  He bought billions of dollars of GE and Lehman Brothers.  His comment was that he has not seen these bargains in years.  Some thoughts for all of us to consider.  Thanks, Bob, for your great prespectives.  You may want to also check out his blog site.  Until next time…fair winds!