Agreed worst thing you could do with your money is put it in cash and see it slip through the fingers like sand. The other please don't fall for big brochures, ad for a real estate plan right out of paradise, so many among the ex-pats have burnt their fingers that it always saddens me, how people back home assume somehow dollars/pounds and euros grow on trees or are doled out free to expats. Anyways following is a discussion going on between few members including undersigned, you can find my views in it. They may help you a lot, what the other gentleman said about real estate in UK is a much better idea, our beach side condo in Vancouver has been paid off same way, we moved to USA and then back to Pakistan but both mortgages in Canada and U.S have been paid off through rentals. Here goes:
Mangus Ortus Novem
yaar 30yr Mortgage rate a 2.9% and yet Americans appear reluctant to buy...
T-Bills heading for 0% and Stock going Higher and Higher... for how long the CentralBankers can pumping liquidity into the FinancialSystem?
ps3linux
This is ridiculous, I mean even if I add a point or not to interest rate, for a half million mortgage with 70:30 sharing we are looking at 1,455-1,650 a month, that's bullcrap.
Unless someone is looking at another subprime problem or a housing crash. Drang!
Well must ready cash for acquisition of foreclosed prime property, isn't this which made trump enterprise, trump enterprise.
VCheng
Clearly the US economy is headed for a huge crash as multiple bubbles burst. Why not invest in areas of the world with more secure fundamentals?
ps3linux
Sir jee of course the US economy is heading for a crash and the writing is pretty much on the wall for a decade and so may be more, but crash is the time to buy and hold not the other way round.
Majority of the investors sell in a panic, but people with my kind of background find times like this as opportunity for long term positions. I would still prefer the US because I know the laws, the corners, the opportunities. It doesn't mean that I have not invested else where. I do off and on, depending on time in equities, metals at times options (rarely), farming, but I do consider myself somewhat better in metals. Made 11% in less than a month dollar terms from Pakistan equity market very recently, more than 20% in the last qtr in US equities. Not gloating but stating few facts, it can be done. As I mentioned elsewhere risk management is not to eliminate the risk, its there to manage the risk. I have a different risk appetite.
Why not invest in areas of the world with more secure fundamentals?
I would like you opinion to see if it aligns with mines. Last few months I’ve been offloading some US shares and getting into some Chinese ETFs and individual stocks directly from their exchange. Would you say China falls under your secure fundamentals theory?
