Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
This question was asked to 5 of us for the NZ Property Investors’ magazine for an article.
Below is my answer to it, however it was only supposed to be 400 words, so here it is in full:-
With $60,000 in cash, there’s quite a lot you could do without too much risk.
However it does depend a lot though on your strategy, your plan, your own financial intelligence, and how risky you are as an investor.
Lots of people use risky strategies that will most likely cost them everything in the long run. They try to pick which area to invest in, in other words - what locations they think will go up in value. They invest with assumptions, hopes and wishful thinking, not with logic and common sense.
It doesn’t even come into my thinking as to...