The June edition of our free monthly newsletter, Home On The Course, will be emailed to hundreds of our subscribers shortly. If you are not yet a subscriber, now would be a good time to sign up. This month's issue features an overview of investing for retirement by Connecticut financial advisor John Ruocco that includes advice on how much income you should be taking from your retirement portfolio, as well as some thoughts about inflation and real estate. Since the theme of the issue is investment, your editor weighs in with a few thoughts about golf community properties that could very well appreciate in the coming few years. Also, in recognition of Forbes magazine naming Bluffton, SC, and Brevard, NC, among its top 25 Retirement Places for Retirees, we contribute a few words about the golf communities located nearby.
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     Investors in contrarian stocks typically react counter-intuitively to bad news. Bad news scares away the timid, less savvy investors. But bad news drives down prices and leaves the door open for the smart money to step in, take some calculated risks, and grab a bargain or two that will pay off in the future.
        It can work the same way with golf communities. If Bay Creek golf community in historic Cape Charles, VA, were listed on the New York Stock Exchange, some analysts would be touting it as a good "contrarian" investment. The hallmarks of a contrarian play, say investment advisors, is that it have inherent positives but also some notable flaws. Some negative news just makes the investment even better for the counterintuitive.
BayCreekNicklausPar3onBayThe par 3 4th hole on Bay Creek's Jack Nicklaus course has a links style air to it, with classic bunkering and the wide Chesapeake Bay behind looking for all the world like an ocean.

        "Contrarians recognize future benefits that the crowd has so far ignored," says John Ruocco, a Connecticut-based financial manager whose advice we occasionally post in this space. "This could be due to a general slow market, as there is now in real estate, and also to the fact that a community [e.g. Bay Creek] might not be well known in real estate circles."