Where to start your journey
Money Magazine Australia|August 2021
Now is not the time to sit back and do nothing, but nor is it the time to make a decision you’ll regret
PETER ESHO
Where to start your journey

The property market is hot. The worst thing you can do is sit on the sideline and do nothing. The second worst thing is to buy the wrong property and spend the next 10 years regretting your decision. The best thing to do is relax, research, prepare and build a rock-solid plan that allows you to live the life you want while growing your investment portfolio.

Millennials are leading the way with rentvesting, and there are other ways today’s investors are thinking about property compared with their parents or grandparents. But before that, it’s important to understand the cyclical nature of the market. It is imperative to think of investing in terms of cycles. It is an important framework that will save you from making mistakes at the top or bottom.

Even with all the available strategies and tools, if you don’t think in cycles, you’ll be consumed by emotions and eventually succumb to peer pressure, often leading to mistakes.

A time for everything

The world moves in cycles. We have cycles of time – days, weeks, months, years. We have different seasons – a nitrogen cycle, carbon cycle, photosynthesis, and the water cycle. Around 2500 years ago, according to rabbinic tradition, King Solomon wrote “… there is a time for everything, and a season for every activity under the heavens…” (Ecclesiastes 3). As many of the proverbs borrow from Persian and Greek writing styles, so scholars believe the work could be dated even further back in history.

Diese Geschichte stammt aus der August 2021-Ausgabe von Money Magazine Australia.

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Diese Geschichte stammt aus der August 2021-Ausgabe von Money Magazine Australia.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

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