Quote:
Originally Posted by AK74
Just very politely - how old are you? So that you speak with this much confidence about your returns in three-four-etc years ahead. Can you at least guarantee that you will live that much?
The reason for the question was my talk two days ago with a almost 80 y.o. american expat who still talks about short-term, mid-term and LONG-TERM investments.
I love those guys! Untill their last breath they keep talking only about making more and more and more money. Even women!
Beautiful!
|
Well, as you asked politely, I'm 42 yrs old, so I'm hoping that it's worth my while talking of along term investment! As I mentioned earlier in the thread, this is being bought instead of a pension. I've swapped jobs a few times, so my pension provision is poor. I'm now at a stage where I either stick loads of cash into a pension to play 'catch up', work till I drop to get by on what I have in place or do something else. With pension plans looking increasingly dodgy, I decided that property was the best way forwards, so what I pay out monthly is what I'd have to stick away anyway. And if it screws up, it does so because I've made bad choices. If a pension plan screws up, it's because other people made bad choices for me.
Besides, the experience of buying in DR has been worthwhile, even when it's been tough.