22 Jun 2015
Everyone knows the standard summer safety tips: Only swim where there’s a lifeguard, apply sunscreen liberally, drink plenty of liquids. But there’s one item your financial advisor would probably like to add to that list: Beware of the sudden, seemingly unstoppable urge to buy a second home in the place where you just spent two idyllic weeks of vacation. As one financial website puts it: The summer is “a time to relax, kick back and make dumb financial decisions.” Buying that home may not be such a dumb decision after all, but it needs to be one that’s made with your head and not your heart – and only after consulting financial, legal and real estate experts. (Investopedia)
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