Wednesday, November 12, 2008
I think "as safe as houses" is correct. Hard to lose everything unlike stocks (tho of course, need to have holding power). Sure, you can make more from stocks if you are an excellent stock picker, but 99..9% of people not.Given it is likely safest, then using leverage on this OK. Banks likely have realised this so generally allow lots of leveraging (tho taken to extreme in US/UK, hence suffering). Also, property much easier to have positive carry than stocks (ie income more than cover interest cost). Once you have this positive carry, investment becomes pretty safe.Coz of this, this is why 95% of my attention has always been in property
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment