How often have you heard of someone who entered into a property investment venture simply based on a rumor or the latest tip only to see them get smoldered in the property market? Then again maybe it wasn’t a rumor or a tip yet the latest most fashionable campaign? Actually, prepare to be blown away, they only have themselves to blame.
You can’t blame anyone or anything for your property investment venture gone bad in the event that you didn’t perform your due diligence before you invested your money. Just as you how you to check the engine, brakes, gear shift etc on a preowned car before you invest your money, similarly you have to do your homework before you put any monetary investment into the property market. If not, the results could be the same – you could wind up in an enormous crash at the end and the results can be catastrophic.
To be a wise investor, you need be an independent thinker and you have to:
- Be 100% responsible for your own decisions and actions, because at the end of the day, it is your money that is being invested.
- Avoid investing resources into anything simply based on a rumor or a tip or because it was the most exciting new project in fashion at the time.
- Be an independent thinker and do not follow the crowd. At the point when rumors are flying around and property price are constantly pushed up because widespread idealism, that’s usually the time when more savvy investors are already selling their properties for a decent clean profit.
- Always remain critical with your reasoning and thorough with your analysis in the matter of investing.
I hope you enjoyed our article and wish you a successful investment path.
Frank Satar
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Author: Maralyn
Maralyn Dennis Hill, The Epicurean Explorer, is president emeritus of International Food Wine & Travel Writers Association, member of Society of American Travel Writers, and Society of Professional Journalists. She is Executive Editor of Luxe Beat Magazine and contributes to other publications. She also speaks and is a guest on many shows. The majority of Maralyn’s articles are now geared to the luxury market, spas, corporate retreats, business events, and culinary tourism, from simple to gourmet. Maralyn’s description of herself: I was born to travel and tell the tale. I’m energized by different cultures in every aspect of their lives, from food, wine, and destination, to how they conduct business. Travel represents a continual geography lesson.
