Martin, our money man and main investing partner, emailed us yesterday and said simply "I've virtually lost it all" ;.We'd been shopping for a professional property to get to diversify our investments. Martin was once more partner with us on the deal we found, assuming he was more comfortable with the numbers.
At the very least he was likely to before the markets crashed and Martin lost his six figure down payment! Now, sitting on pennies (o.k., not quite, but not really enough to make a deposit on a million dollar industrial property), Martin is probably really wondering what so many others do, "Is real-estate a better investment than stocks?"
My answer is definitely a resounding "It depends" or "Diversification is best"... but when you change the question and ask me where my money is invested, 90% of my money and my net worth resides in real-estate (even excluding my current home). real estate agent in macquire fields
And yes, I'm young - I'm in my own early thirties! I'm also a millionaire and it's all thanks to real estate. It's not to say that stocks won't cause you to rich, Warren Buffet is one extreme exemplory instance of the wealth that may be created through stocks, but I like real-estate because: