Here at TSI Network, we’re always looking for new ways to interact with our readers. For example, you can get our latest investment advice, and send me your thoughts, through the popular social-networking service Twitter. As well, we’ll soon be launching a Facebook page that will give you even more free information and advice, plus the opportunity to participate in investment-related discussions with us and other investors, as well. To make it even easier for you to share your views on our investment advice, we’ve recently opened TSI Network to comments from visitors. Adding your comments couldn’t be easier: just scroll to the bottom of the article you’d like to comment on and type in your thoughts (you’ll have to log in first). We hope this will create an ongoing discussion that will let the site’s visitors share their own views on our investment advice, and read other visitors’ opinions.
Our recent investment advice on time-shares got lots of reader response
Recently, we published a daily update that included our investment advice on time-shares. Click here to read that article. Many TSI Network readers had strong feelings on the subject, and sent us their views by email, so I thought I’d share some of their feedback with you. I hope you enjoy and profit from it.
- Your investment advice regarding time shares I found very interesting. Quite a number of years ago I went to a presentation at a resort where I often ski in the winter. The place was very nice and I got the usual sales pitch. However when the first salesman wasn`t having much luck in getting my signature a heavy hitter came over to put more pressure on me until I told him to take a hike and I walked out. I noted the prices per week to purchase a time share. If I multiplied the high season rate per week times 52 that “condo” would have cost over $800,000! That is another way to look at time shares. Yes, I agree they are not worth it!
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- Pat, we had 4 time-share weeks and got great return from them over the years. When they brought in the point system, where you could book a weekend or a few days, it killed the weeks time share trading. We sold 3 of our weeks (for $1 each) to avoid the annual maintenance fees and assessments. Not a good buy these days. Good holidays are available everywhere.
- Thank you Pat ... I wish I had read this article a couple of years ago before I bought a time-share ... Luckily I only paid a small amount for it, and am now in the process of walking away because of huge upgrade fees coming up.
I’m sure a number of TSI Network visitors have bought time-shares and are happy with them. But don’t feel embarrassed if you bought a time-share that you’ve come to regret. A friend of mine, a financial type who acknowledges he ought to have known better, once succumbed to a time-share sales pitch while on a holiday in Mexico. Luckily, he came to his senses and backed out during the waiting period that was written into the offer. But, to get his down-payment cheque returned, he had to threaten to disrupt the next time-share sales party.
