The most dangerous words we’re hearing out there…

If you’ve been with us a while, you have heard us say this before, but right now, today, it is worth repeating;

“When markets are booming, people think they’ll boom forever. And when markets are slumping, people think they’ll slump forever.”

Neither is true of course as history proves over and over.

Right now, we are in the euphoria stage. What we are seeing every day in the market is more than a ‘boom’…It’s mania out there. There are multitude reasons for this as we know, but one constant we keep hearing:

“’This time it’s different.”

Those words…Prevalent in any boom, are some of the most dangerous words an investor can ever mutter, or believe.


These words are rationalisation. And rationalisation is one of the signs of denial.

Denial of what? The inevitable outcome of all of this, which is that one day, sooner or later, the music WILL stop.

The difference between us, and many commentators out...

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Property Investor Mistakes: Overcapitalizing on your renovation project

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.
 
Property Investment Mistakes: Overcapitalizing on your renovation project
 
One of the biggest mistakes I see investors make is overcapitalizing when renovating properties, both trading and within their buy-and-hold portfolio.
 
And yes, I am guilty of falling into this trap over the years as well.
 
It is funny because everyone is so objective when it is not their property, however, the minute they have ‘skin in the game’ the emotional attachment seems to set in. Suddenly, the matter-of-fact demeanour of sticking to the budget can morph into a splurge here and a splurge there when it is their own property.
 
It is not so much the extra $20 for a light shade that matters, but when you add up 10 of those throughout...
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