Property Investment for Young Adults

I'm starting this blog specially for people in their 20s and 30s who are interested in investing in property. I'm in my 30s and I have invested in a few properties before. They are in Singapore, Australia, New Zealand and Indonesia I'm not an expert but just an ordinary man on the street. I hope to share my experience in property investing so that others may benefit from the mistakes I have made and some of the actions I have taken correctly.

Property like shares are not without risks. If we want to invest in properties, we should do our own homework. Do research. Most important don't listen to just 1 expert. Listen to as many as possible. Remember once again. Don't just depend on 1 so called "expert", no matter how credible he or she is. This is not just for property, but for other kinds of investments too. Let me illustrate with a real life recent example.

Some of you may know who Jim Rogers is. He is a Singapore PR billionaire. If you want to know more about him, google his name. I do not want to go into details just in case there are others already know him quite well and would be yawning if I'm going to write a long paragraph about him.

Jim Rogers has always been very bullish on commodities. He was even when Lehmen Brothers filed for bankruptcy. Maybe he was right, maybe he was wrong. Wrong in the sense that demand for commodities would fall if world goes into deep recession. Right in the sense that credit crisis would make financing new mining projects even harder, therefore limiting new supplies. Commodities aside, he keeps telling the press that he is very bullish on Yen, the Japanese currency. Yes, Yen seemed to be the favored currency when the crisis started. This is because of the repatriation of the Yen back to Japan by Japanese as well as the demise of the carry trade. Buying Yen is logical when the crisis worsen with the bankruptcy of Lehman. But when Yen strengthen to 1USD to about 88Yen around Feb this year (5 to 6 months after Lehman Brothers collapsed), I wonder why he still makes such comments as " I am buying the Yen".

Now look at what happen. Now 1USD is about 100,6Yen. If you think about it logically, the Japanese economy is in deep trouble already. Exports plunges 40 to 50 % compares to a year ago. Would investors want to hold on to a currency when that country may be experiencing deep recession. Also, do you think the repariation of the Yen will be non-stop? If you are fanatic of Jim Roger and listen to him at the wrong time, you would be panicking now! Of course, Yen may recover and hit new high verus the USD if the global economy worsens and people start to panick and dump stock again.