If you compare forex and property flipping - what would you say ? I am thinking - even though property investment is capital intensive and need high upfront investment - you can have more reliable profits and more importantly when it comes to loss it is more containable.
You buy a property below market - remodel and sell at a reasonable profit - sounds more reliable since property especially on the very middle (in terms of cost) is always in demand and is not as covered in cloud as the Fx market. There is more information out than that is clouded which it is in forex market
Hi property invest:
Property investing has such a huge scope as I’m sure you know. If it is run of the mill housing investment you need to be the handy man and do the physical work yourself to reap the rewards otherwise in my opinion it is a no go. There is always speculating where you buy in one of the major urban centres that are continually rising in price. Auckland, Sydney, London etc.
One thing about fx though is you dont need to have such large capital tied up?
Hope that was of use to you friend.
Craig
I’d say that they are not even in the same market. One is a tangible investment where you have equity in an asset, the other being a non-tangible derivative where one is simply speculating.
It’s quite funny how it is assumed that FX speculating in this case requires a smaller account than that of purchasing an average house at an average market price. With housing, you need the capital or you can’t purchase the house (regardless of being a cash buyer or mortgaged). FX speculation allows ‘traders’ [terrible term] to open underfunded accounts - that doesn’t mean it’s correct, and it isn’t. It’s a misleading fallacy.
Perhaps this sounds more reliable to an individual who specialises in property flipping, rather than that of a full time successful FX speculator? I should imagine that a successful full time FX speculator would say the opposite.
This may be true, and I agree that FX info on the open ‘free’ market is very misguided, incomplete and inaccurate [in most cases though, there are also some really useful free publications and FX forum contributors, too]
Investment in the property market is commitment to a single market, and the assumption is its a one-way trend - upwards - which it isn’t.
The FX “market” is a dozen major markets plus 2 dozen minor ones. Even if you can only go long in forex, not all pairs will be falling at any one time. It is cheap and almost instantaneous to switch from one forex pair to another.
I think you may be comparing fast-moving trading with long-term investment, there: if you think about long-term investing in an index like the S&P, for instance, that’s probably more similar to investing in property?
For me, day-to-day trading produces far more profit than property investment, and certainly with no more risk.
In the UK it is a one way trend upwards in the long term. Government tax changes have made flipping and buy-to-let less attractive.
In other countries property investment can be riskier as it can take years to find a buyer, something ive never had a problem with in the UK where our limited space and shortage of new homes helps support rising prices
After thinking about it a little bit more, it strikes me that probably the key differences between the prospects for each relate to the different skill-sets and more specifically the [I]levels[/I] of skill and experience required for each. The success-rates are certainly wildly different, and that’s partly why.
Even someone with average (or perhaps even [I]below[/I]-average) property-investment skills is pretty likely not guaranteed) to be able to make money through long-term property investment, but someone with only “average” trading skills will have [U]almost no[/U] chance at all to make profits by trading.
In other words, investing in property is [B]far, far[/B] easier.
Homes under the hamer - many inspired by it - also UK has property in the 100 k range in places where it will get sold. Not true in all markets - but in UK it is (not sure how true this statement is - it is an observation from watching the show)
[I][U]Very[/U][/I] much so - he’s my favourite presenter out of the whole lot. (I always like barn conversions: very old farm buildings with very modern, open-plan interiors - my ideal. The problem is that most of them are in areas of the country without cable internet available, and even the “broadband” speeds are highly variable, especially in the more remote locations.)
I totally recommend Devon as a place to live - you just have to accept it as what it is - a large island off England. These could be good points or bad, depends on your viewpoint -
most of the population is elderly, half of it is retired, there is almost no ethnic diversity
we drive about slowly (there are few good roads anyway)
it rains a lot (but hardly ever freezes)
even the “big” shops never have what you want or in the right size
all service is slow (but exceptionally friendly), everybody wants to chat rather than get on with the job
the countryside and coasts are gorgeous.
I shall never leave.
Sounds like a description of Lyme Regis and Seatown in west Dorset - A nice area if you’re into piece and quite, not much going on apart from fishing, fossil hunting and the occasional pasty.
I’m surprised how [I][U]very[/U][/I] rarely internet access/speeds are mentioned, on that show.
You do see the occasional “work from home” people who raise it as an issue, but it seems to me not to get the prominence it deserves. I know most people don’t need live streaming price-charts of the markets, but they surely need/want Skype, and to download films, and so on? In some rural areas where the “broadband” is advertised as “up to 15MB/s”, you’re often lucky to get 5Mb/s, and it’s a real issue.
Dorset is more leafy and doesn’t have the range of coastlines, but it does have an advantage - its not on the way anywhere - the people who you bump into there are there because they wanted to be there.
Of course, its a bit worrying if we go over the border and see a big wicker man on the hillside - then its a U-turn and straight back home.
- many inspired by it - also UK has property in the 100 k range in places where it will get sold. Not true in all markets - but in UK it is (not sure how true this statement is - it is an observation from watching the show)