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10 posts
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Hi folks,
I am not sure where to post this. So, am doing it here.
I am not financially literate.
I like to get some views.
If currently inflation is very high, is it better an idea to make loans or to spend with cash to say invest in property?
Would appreciate if I can get some advice.
Thanks in advance!
regards
B_E_C
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Thanks Mau, for enlightening :)
well, my cash in the bank is earning me a lot of peanuts ;)
and paying banks or financial institutions interest always makes me feel like a slave to them.
I am saving up now so that in 10 years time, I may be able to buy myself some property.
So, if my cash can somehow be invested in something that gives me more interest than loan interest, I would now consider loaning from banks and re-invest it.
cheers!
Edited by balance_else_complacent 24 Jun `08, 10:39PM
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If you intend to buy property after 10 years.
You could try investing in REITS or listed property companies.
But don't expect price to go up within this 1-2 years or maybe even 3 years.
You must also have the power to hold on to these stocks that you purchased for maybe 10 years.
Edited by maurizio13 24 Jun `08, 10:49PM
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Originally posted by maurizio13:
If you intend to buy property after 10 years.
You could try investing in REITS or listed property companies.
But don't expect price to go up within this 1-2 years or maybe even 3 years.
You must also have the power to hold on to these stocks that you purchased for maybe 10 years.
You mean the price of both real estate including flats and company shares probably might not be rosey in the next couple of years? Or just the real estate?Might there be some chance that flat prices going down in the next couple of or 3 years? Or might it be that the private properties only could be most affected?
Edited by balance_else_complacent 26 Jun `08, 12:59AM
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i think u can find some good info at www.qotion.sg
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