Reply: 1
From: Rolf Latham
Hi DG
I just saw the Warburg Economist on TV about their projections. I suppose that gives them great credibility, and a lot of their argument makes great sense, conversly though we can all make a great counter arguments.
Some things to manage "risks" that some of my clients have employed.
1. Spread your interest rate risk if you have lost of exposire and limited income
2. Stay away from "units/flats" that do NOT offer some form of uniqueness, position, view, small complex etc etc.
3. Look for investments that are currently undervalued (doh, doesnt everyone do that, no I have found they do not)
4. Can you find something that you can develop thereby building in some retained value/profit.
5. Income protection and life insurance, off topic but important if you have a family
6. Have a clear strategy that you can use as a template. Do some what if scenarios, can I afford this thing if rates rise to x, or if yields drop etc etc. Can I hold my stock and NOT be forced to sell at a time when I dont want to ?
Just some ideas
Ta
ROlf
Rolf