Well, congratulations you have found one true excuse that will ensure you stay poor… Tony Robbins says “the quality of your life is determined by the quality of your questions” So ask better questions… like how to invest now and make money…
The good news that in early 2017 the IMF finally announced the world was growing again across all economic areas. Good news for investors and bad news for those who want an excuse…
Hey, guys. Property Search… Think Gladfish.
So today is “I want to wait for the market to recover.”
Guys, I'm Brett Allegre-Wood, and this is Property Rant.
So it's great. I want to wait the market to recover. So part of this says to me you're a procrastinator, because the reality is, in my experience, and we are talking over two decades of dealing with clients and hearing this same excuse, that you want to wait until the market comes back around.
Well, the reality is, it's not going to, because you'll always…if you are a procrastinator, you'll continue to hold onto that, and you'll always find an excuse how not to invest or why not to invest. And my challenge to you, if that is you, and you've been waiting around for more than, probably, two years most definitely, but I often say,
“All right, I have a three-month procrastination rule,” which basically says, if you're sitting here watching this video, you're obviously interested in property investment. If in three months' time, you haven't found an investment, then you are procrastinating, and you need a kick up the ass. And I mean that with the greatest respect, because what we don't want is you to be sitting round and missing the market all the time.
The market is not just one ship that sails between here and there. There are multiple ships leaving, and so you need to get onto one, and that means choose your strategy, get educated, know the rules of the game, all this sort of stuff. And look, coming back to the essential question is that you want to wait for the market to recover. There is a certain stage in the market where you can go, “You know what? I'm just going to back out of it. I'm going to wait until it's a bit clearer,” because there is a level of uncertainty at certain stages in the market.
But let me explain to you, there is that all the time in the market. And what I find is those people who, when there's the most amount of uncertainty or fear, they're the people…the people that jump in then, and not just jump in sillily, but jump in with a strategy, rules of the game, blah, blah, blah, all that sort of stuff, they're the people that make money.
But you won't hear about that, because they will have bought here, and you won't start hearing about it until the market's here, and they've made their money. And this is when you start hearing it in the newspapers and the media. It's already done. You're too late. You want to get in…be greedy when others are fearful and fearful when others are greedy, all right? What I call zig zag strategy.
Everyone's zigging, you zag. These aren't just made up terms. This is real life investment strategy. This is what you should be doing. Now if you don't understand it, get educated. Get it explained to you. Sit down with one of the team and say, “Right, what does Brett mean by this? Explain to me in detail.” Take five hours if you need to to get it fully explained and get 100% certainty. And then dip your toe in the water.
This is a marathon. It's not a sprint. And the people that sprint at this, some of them turn out pretty well. Some of them work out pretty well, and the problem is they're the people that oftentimes run away and shout from the hills. Everyone looks and goes, “Yeah, they made it.” But actually, you know what I find? It's the people who do it over and over and over again and run this game like a marathon that make the big money long term rather than being the gambler who just happened to have that one big payoff.
All right, guys, have a great day. Live with passion.