With more and more doom gloom warnings coming out about property and Inner City units in particular , I thought it would be relevant to point out what happened after the "Tech Wreck ".
I have always had an interest in shares , but unfortunately left my active involvement untill about one week prior to the peak of the market...... Being a cautious person I only started out in a small way , and by the time I felt confident in knowing what I was doing it was obvious that shares were not the place to be...
But...... after the initial bubble bursting in April 2000, people did not abandon the Market in droves. While some people got well and truly burnt, there was a large group of investors who started looking around the share Market looking for alternative investments outside the Solution 6's of this world. By this stage of the market there was a growing group of informed investors.
The banks which were ignored in the hunt for the next best thing became the flavour of the month. CBA went from just over $22 in April 2000, to peak over two years later near $ 35. NAB went from $20 to over $ 36 and ANZ doubled in the same period. Many other previously ignored yield companies also benifited as people started looking for somethng that actually gave a return.
People like to paint the Share market and the property Market as amorphose entities, but as we all know this is not the truth.
A turn in Inner city units may be a warning of things to come , but it may also be an indicator of opportunities in other areas prior to a more generalised down turn .
While some seminar attendies will walk away dissillusioned and financially ....ed, many will remember the opening spiel about obtaining financial independence and go looking in other pastures.
Work out where they are heading and get there first.
see change
I have always had an interest in shares , but unfortunately left my active involvement untill about one week prior to the peak of the market...... Being a cautious person I only started out in a small way , and by the time I felt confident in knowing what I was doing it was obvious that shares were not the place to be...
But...... after the initial bubble bursting in April 2000, people did not abandon the Market in droves. While some people got well and truly burnt, there was a large group of investors who started looking around the share Market looking for alternative investments outside the Solution 6's of this world. By this stage of the market there was a growing group of informed investors.
The banks which were ignored in the hunt for the next best thing became the flavour of the month. CBA went from just over $22 in April 2000, to peak over two years later near $ 35. NAB went from $20 to over $ 36 and ANZ doubled in the same period. Many other previously ignored yield companies also benifited as people started looking for somethng that actually gave a return.
People like to paint the Share market and the property Market as amorphose entities, but as we all know this is not the truth.
A turn in Inner city units may be a warning of things to come , but it may also be an indicator of opportunities in other areas prior to a more generalised down turn .
While some seminar attendies will walk away dissillusioned and financially ....ed, many will remember the opening spiel about obtaining financial independence and go looking in other pastures.
Work out where they are heading and get there first.
see change