Do you like HOT stock tips? Are you waiting for that piece of information that only a few, select people know? Do you invest in something because your family or friends are doing it? Have you lost money on a 100% guaranteed investment? If you answered yes to any of these questions (and many like them!) you are a speculator - or at least have engaged in speculative behavior at some point. Investors are not speculators. What's the difference? I would say the main difference is

Sometimes you put a lot of work into looking at a home. Sometimes you put in so much work and time that it begins to cloud your judgement and you start to make wrong decisions. This is one of those stories. I looked at a home a few months back. This was in a decent area of town. It was a bank repossession and it was listed for $48,500. Houses in the area sell for around $65,000 - $70,000. The house stayed on the market and eventually dropped to $42,500. I went and inspected i