Beat the recession
One of the first principles I was taught in property investment was: the longer the time horizon, the more predictable the investment.
I have a property mentor in Australia, Barry. He's your normal type of Aussie guy, walks round in stubbies and thongs (that's Australian for work shorts and flip-flops).
Barry is worth many millions amassed throughout his life and he's given more to charity than most people earn in a lifetime. You see the one thing I like about Barry is that whatever is going on in the world I can call him and ask Baz, what's your take on it all?
Barry will say Young Woodsy, (that's his nickname for me) I've seen it all before. Back in the 1930s, I remember this or that, then in the 50s this happened, oh but in the 70s it was this. It's all the same. Nothing to worry about. It will pass and happen again.
And can you argue with 70 years, 7 recessions 7 cycles & a guy in stubbies and thongs?
You see Barry will be 89 years old in 2010 and he's still as opinionated as when I met him in 1996. He also understands absolutely that property, like economies and humans in general, work in clearly defined cycles.
Unlike most of us, Barry's time horizon goes back some seven economic and property cycles, seven recession/downturns and over 70 years of investing and watching markets. He understands property investment instinctively that even this current downturn, the next recovery is just around the corner and is part of the plain old boring cycle. Understanding that as well will help you see that there is no better time to invest than right now.
One Great Property Idea
How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest in 2022.
THIS WEDNESDAY @
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Call the team on +44 (0)207 923 6100 and they can help you re-adjust your time horizon and show you the way forward in the current cycle.
Sick of your Property agent not responding, or truly managing the changes in the market going on right now then give us a call 01522503717 or www.ezytrac.co.uk
Live with passion,
Footnote – Barry passed at the ripe old age of 91. Cheers mate for all the straight up, down to earth advice you gave me.