I heard often stating that the time is everything, when investing, but allow you a little secret - it is not really the case.
BY MICHAEL YARDNEY
Synchronization is one of the most misunderstood concepts with regard to investment. The truth is that successful investors know how to create wealth at any time in a cycle.
Course inopportune purchase property matters. Don't want to buy a property at the height of the pen property, and then wait two or three years before starting to increase in value.
But successful investors find that time is not really important.
Have noticed how some investors seem well in good times and do even better in bad times? Market timing is not really important to them.
On the other hand others do poorly in good times and even worse in bad times. Market timing seems to have little effect on them either. Interesting huh?
What differentiates this small group of investors with successful crowd?
The fact that successful investors management make money, while unsuccessfully investors lose money at the same stage of the property cycle suggests that it is not your outer world that determines whether making or losing money, it is something inside them.
Many would say that their knowledge, but I don't think that it is absolutely right. Be sure to have a level of knowledge and financial fluidity that lacks the average; investor However the knowledge itself only does successful investors.
Which allows some people to become Super investors success is their way of thinking - the way they think about money and wealth.
While some people are concerned about the falling prices of home or 'property bubble' news outbreak, others see the current market as the best in times property. Higher rates of interest, fall of affordability and market uncertainty has created an opportunity for seizing assets at great prices. These people see abundance.
Yes, while some investors get in the game, taking advantage of some of the best conditions for purchase of property investors they have experienced a number of years, others are waiting for the moment that is perfect.
Yesterday I spoke with someone who had been waiting for over 10 years for the moment that 'just' to start investing in property.
The time will never be 'just right'. There will always be problems, situations, circumstances, obstacles, fears, doubts and things that you will have to overcome. The time will never be perfect.
Ten years ago, this person saw some obstacles and not go into real estate investments. If did you, most likely, wherever that bought your property would be more than duplicate value now, even if he had made a mistake and paid a little too or purchased on the wrong street.
Wealth is attracted to people who are decisive and committed. If he is waiting for the moment be perfect - the moment ever will be perfect for you.
Currently property investors are offered a unique window of opportunity; We are in a buyers market.
Funnily I found that most buyers delayed and not purchased in a market of buyers - but sophisticated investors.
The list is long of rich Australian property investor who sowed the seeds of its portfolio in previous recessions, 'notably poor calendar' market. These successful investors were occupied by doing, while others were pondering.
I am certain five years from now there will be a group of successful property investors who tell stories of buying properties when everyone advised not to do so, when everything seemed difficult, when packaged rates of interest, when the media was uncertain - now banks.
Michael Yardney is director of investment property of Metropole, a best-selling author and one of the leading experts in the creation of wealth through the property Australia strategists. Subscribe to his e-revista in www.propertyupdate.com.au. For more information about Michael visit www.metropole.com.au.
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