Friday, November 6, 2009

Investments and More!-4 (continued):

So as I was saying before, my favorite long term investment will be Real Estate. Now people will say that I (being a nobody) will start to give false hopes to people and start another bubble (oh no). But hear this, real estate supply is the same but demand is more since the population is growing and they may need housing and real estate.

Although Cash will always be king and the real estate is one of the most illiquid (meaning can’t be converted readily into cash) investments there is. But still now is the best time to buy a property and just keep it as a long term investment. You can use it as a collateral for your kids college education taking out the equity that you have built on it during the years.

You don’t have to go crazy on the real estate. If I had extra money (don’t we all except the super rich) I would investment in a combination of land and farms and some apartments in the U.S. and in Canada. I am specifying these two countries because you don’t want to be too far from this kind of investment since you will be taking care of the maintenance and enjoying your free time on it. And the fact that you can drive to it and these countries has strong laws to protect your investment.
Europe can be another place but since you have to navigate all the different laws and languages of Europe plus it is so far away that you should stick to this side of the Atlantic.

More on it on my next post.

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