Successful investing in any asset class (stocks, bonds, commodities, gold, or property) does not come overnight, but through years of painful experiences, emotional stress, and could even involve huge losses or sitting on unrealized losses.
But, the investors can continuously learn from their mistakes, seeking new knowledge and revising strategies to attempt for a comeback and be successful again. You can't stick to the same strategies if it is not producing the result that was expected in that asset class. Usually it is not the asset class that is the problem, it is usually YOU and YOUR STRATEGY is the PROBLEM or you got caught in the middle of wrong CYCLE.
Look inwards for the PROBLEM. Hang your EGO at the doorway and really think through it. If really there is NO PROBLEM, then it is better to have the COURAGE to ride through the wrong CYCLE for this asset class.
However, there is one asset class called PROPERTY, where it typically very TRICKY and may not offer under-capitalized investors more chances for learning from mistakes, seek new knowledge and revising strategies.
It is more likely to be a MAKE or BREAK strategy for those under-capitalized. Got it right, you are on your way to an early retirement. Got it wrong, you are likely to work as slave for a long, long time. So you jolly well make sure you got what it takes to get it right. So is there a MIDDLE ground? Think about it. Don't PRAY, PRAY!
Property is about location, location, location. Really good ones are really hard to come by and the supply is definitely limited. So it can be really much harder to find than to look for the next multi-bagger stock.
[#AskDrWealth] How Many Stocks Should I Have In My Portfolio? - Thrive Leads Shortcode could not be rendered, please check it in Thrive Leads Section! In today’s #AskDrWealth series, I am going to address the most popul...
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