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Most people will during their lifetime own at least one property their home
For many this is something you could own for 20 years, then you come to sell it & maybe you sell it for twice the price. You think this is a great return, but that would only be 3.5%pa over 20 years
For many this is something you could own for 20 years, then you come to sell it & maybe you sell it for twice the price. You think this is a great return, but that would only be 3.5%pa over 20 years
That is before you consider the cost of maintaining and improving it, after this you will probably be behind inflation
People will tell everyone what a great return they had, & I think this comes from just looking at headline return & perceive it has never gone down in value
People will tell everyone what a great return they had, & I think this comes from just looking at headline return & perceive it has never gone down in value
In other words you buy the property & then don't look at your return until you end up selling 20 years later
Compare this to the stock market and you can get values every second the market is open, this can lead to people freaking out when goes down in value
Compare this to the stock market and you can get values every second the market is open, this can lead to people freaking out when goes down in value
Instead if you invested into an index fund like the S&P 500 and then didn't look at the value for 20 years and sold, you very likely to see that your funds are significantly higher and you won’t have worried about the ups and downs
By doing this you will have invested in some of the great companies of America and the World
If you had done this over the last 20 years you would had a 212% return, 8.2%pa
If someone had achieve this with their property they would be telling everyone!
Invest & sit back
If you had done this over the last 20 years you would had a 212% return, 8.2%pa
If someone had achieve this with their property they would be telling everyone!
Invest & sit back