I am a subscriber of the financial newsletter "Strategic Investment" (Please visit www.agorafinancial.com). Truth is, I believe what these guys are writing about and the picture at the moment aint pretty at all. Basically, the subprime crisis is FAR from over and another MASSIVE wave of writedowns is expected to happen in early 2009 due to the adjustable-rate mortgages being reset.
What this effectively means things will remain ugly in the next 3 years at least. So what are you options?
SAVE A LOT OF CASH NOW!!!
When buying oppurtunities emerge in the 2nd half of 2009 & 2010 for stocks and real estate, grab them.
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1 comment:
Hi,
Great piece of advice. I have just been reading your blog - choc full of advice. BTW, have you posted any advice on property investment? Now looks like a time for diversifying our hard earned cash into properties given the volatility of the stock market. In terms of balance investment property, where do you think we should draw the line between capital appreciation and return on investment as there are some properties that have good rental income but relatively little capital appreciation. Any tips on spotting good locations?
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