hi all.
i broke both my ankles recently so as i lie in bed i have nothing better to do than annoy my good wife and think about my own situation.
markowitzman, i don't think i said that property gives better returns than the stockmarket, i meant that once we are on the property market and are making money it would do no harm to diversify so as to spread the risk in case of downturn in property.
at the moment i have 3 investment houses worth 920k with mortgage of 419k,also have family farm with no debt worth around 400k,which i let to an neighbor for small money, family home mortgage is 250k on house worth 450k, as far as i am concerned the above portfolio is pretty good and can stand on its own.
being a blocklayer by trade my average income is between 1000-1800/ week but given that any downturn in property would also hurt my work,it makes sense for me to look at other options.
moving forwards and hopefully upwards, i intend to start another investment portfolio buying more buy to let house's (not appartments) using some equity and interest only mortgages which i will hold onto while waiting to see which way the market goes, i also intend invest more of my spare cash in the stockmarket as an hedge against a property downturn and as long as the return beats the deposit rate for cash i think its the best place. (if its good enough for warren buffet its good enough for me) i think this double approach is best in my situation but might not suit everyone.
sudden,