17-06-2011, 10:45 PM
(17-06-2011, 10:39 PM)Chess_gal Wrote: Instead of commending her achievement, I sense forumers are questioning her investment strategy. I laud young people who invest in property, it takes a lot of guts and courage to sign on the dotted line rather than to click BUY on the trading platform.
To be fair to her, I do commend her for her savviness in investing at a time when most people her age would be spending money and having fun.
But the idea of posting such interviews is to study and scrutinize; not for the sake of criticising but also for learning and to understand how these young minds work.
My take on this is - if you paid too high a price and did not do your proper due diligence, "investing" can easily degenerate into speculation. This is the same with equities as well.
So to be clear, I am not saying she should not invest in property, but to do so requires a lot of planning as well as deep pockets. I certainly hope she has both!

My Value Investing Blog: http://sgmusicwhiz.blogspot.com/