An old colleague asked me for some financial advice...
Now, the other aspect of what I do is advice people on another type of investment, and that's emerging market property. I am going there in a week if you care to join me. That's the Philippines. To advise that, I need more info. Again this is active, and its probable I would suggest a condo in Manila or outside of it....depending on how much money you have....he...you might have inherited a shoe box of love letters. You'll need to pay cash, so you might prefer to wait until you have a job, depending on your savings. I'd need to look at forex rate as well. But your property portfolio there is a source of leverage. I have a $20 book for that. A little dated for politics and finance context, but still good buying.
Basically incomes & rents have been rising in the Philippines along with property prices, so yields still good. This is because of lower interest rates, high rates of urbanisation, high 2% birth rate, high remittances to the Philippines. You can make it partially a lifestyle property as well. Sit next to me on the plane and we can yatter on for the 10 hour flight.
Sheldo, I notice that you post a lot of news about the ASX, shares and investing? I am currently unemployed (6 months) yet sitting on some funds from a recent inheritance. I wondered if we could start some dialogue on how to invest money without losing my house and then my balls!!!Do you intend to learn during your hiatus, or do you just want to outsource funds management? The reason I ask is because I write books about 'active investing', not passive funds management. So I can recommend a stock, but I'd prefer you to get the logic. This is philosophy to me, not just making money. I say 'Risk is managed, not avoided'. So rather than say 'I'm unemployed', I'd prefer you to say, "I'm going to study how to invest' or manage risk..which I say is growing knowledge. To which I would respond, buy my book at www.miningstocks.sheldonthinks.com and I'll offer support as you develop your knowledge. If you don't need some of this money in the next year, today is a good day to buy GRY.ASX at 20.5c. Say $10K worth. If gold price goes as low as $1000/oz, then just build the position. Gold has upside to $2400/oz last time I looked, but given the Dow it might be more like $2800/oz. I think you will know very soon if gold is going to break that $1380-1400/oz level. The US govt says it will end QE. Either way, you have upside. Understand I want to write books, and I write books to sell. Its counter-productive to 're-write history' so to speak...but if you read the book (450pp), and come back with issues/questions, then that is a basis for me to revise the book, and you need only ask me for free updates, or I'll send them. Fair deal. The book challenges 'Modern Portfolio Theory' so its interesting. More importantly, it gives you 30yrs of investing experience in one place which you can share with your children...or are you really gay, and are just coming on to me? :)
Now, the other aspect of what I do is advice people on another type of investment, and that's emerging market property. I am going there in a week if you care to join me. That's the Philippines. To advise that, I need more info. Again this is active, and its probable I would suggest a condo in Manila or outside of it....depending on how much money you have....he...you might have inherited a shoe box of love letters. You'll need to pay cash, so you might prefer to wait until you have a job, depending on your savings. I'd need to look at forex rate as well. But your property portfolio there is a source of leverage. I have a $20 book for that. A little dated for politics and finance context, but still good buying.
Basically incomes & rents have been rising in the Philippines along with property prices, so yields still good. This is because of lower interest rates, high rates of urbanisation, high 2% birth rate, high remittances to the Philippines. You can make it partially a lifestyle property as well. Sit next to me on the plane and we can yatter on for the 10 hour flight.
Asian property markets outperforming Japan Foreclosed Guide Philippines Property Guide
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