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Investing In Property
Comments
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Although the cynic in me does feel those in the investment industry sometimes over state the risk in property (prices dropping, single asset class, mortgage rates shooting up) as if they don't want your money to go into property but instead invested in some other financial product from which there is a greater chance of them benefiting from it.
IKWYM, but I think people need to be warned of the risks of investing blindly in a single property in much the same way as they'd be told to avoid investing in a single AIM share.
Where people go wrong, with equities and property, is they invest in things they don't understand, put all their eggs in one basket, and then blame the global economy when things don't work out as planned.
Portfolios are better than punts, and knowledge is power.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »Portfolios are better than punts, and knowledge is power.
Agree.
Depending what stage of your investment cycle you are in, in the early years sometimes a little risk is required to gain the knowledge, and with risk managed to the best of your ability hopefully it will be a positive outcome rather than negative.
Negative then you leave well alone but if its a positive experience then knowledge is power by where you can repeat a successful investment idea.Never let the perfume of the premium overpower the odour of the risk0 -
hopefully it will be a positive outcome rather than negative.
I've learned more from my negatives than my positives. I've learned to look long and hard before I leap, blame no-one but myself if things go wrong, and that risk and reward are forever intertwined.
There is NO easy money.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Well said gadget0
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Daniel_Elkington wrote: »Can we introduce some balance, anyone got any bad stories about property investment?
Also remember Capital Gains Tax, if you aren't living in a property you have to pay this.
Investing in a high risk shares portfolio in a S&S ISA may yield about the same, but you get more money to spend at the end due to not having to pay any tax!
Buying house in 1989 for £60k, value down as low as £30k. Sold 10 years later for £45k, up to £120k recently.
Wish we'd kept it rather than selling out when we did ....Remember the saying: if it looks too good to be true it almost certainly is.0 -
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Jeff_Djevdet wrote: »Hey,
Has anyone here got any success stories from investing in property, and if so, how did you do it?
Not even a penny.
It's a mug's game in the current econonic climate. You're better off putting your wad on a nag in the 3.30 at Haydock. At least you have a chance of winning.0
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