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I don't have and never had a 2nd property either.
Over the past 10 years, I did catch the property fever at least a couple of times and was actively viewing both new launches and resale units, but more for upgrading to a bigger unit than as an investment. I must have missed a couple of bottoms...
Now, on hindsight, I don't really think I'd have been any wealthier, even if I'd managed to buy at one of the troughs. Why? I seemed to have been rather lucky with stocks. Despite having gone thro' a couple of bear cycles and especially the one in '08 which almost halved my Net Worth, I'm still overall, on the average, doubling my Net Worth every 4-5 years since '03.
What I liked about stocks is its much greater liquidity and as the capital outlay is small, I can easily diversify into as many different stocks that catches my fancy. I can easily buy more of the same if it's good and as easily get rid of my 'mistakes'. More importantly.. I currently continue to enjoy my lucky streak here.. Will continue to 'Make Hay while the Sun Shines'..
Still, my latest thinking is I'll most likely get interested in Property if and when I manage to double my total assets at least 1-2 more times. But, by then it'll likely be more as a case for diversifiying my asset class and hopefully, I won't think the capital outlay is that significant, as a % of Net Worth... My current dream only...
Over the past 10 years, I did catch the property fever at least a couple of times and was actively viewing both new launches and resale units, but more for upgrading to a bigger unit than as an investment. I must have missed a couple of bottoms...
Now, on hindsight, I don't really think I'd have been any wealthier, even if I'd managed to buy at one of the troughs. Why? I seemed to have been rather lucky with stocks. Despite having gone thro' a couple of bear cycles and especially the one in '08 which almost halved my Net Worth, I'm still overall, on the average, doubling my Net Worth every 4-5 years since '03.
What I liked about stocks is its much greater liquidity and as the capital outlay is small, I can easily diversify into as many different stocks that catches my fancy. I can easily buy more of the same if it's good and as easily get rid of my 'mistakes'. More importantly.. I currently continue to enjoy my lucky streak here.. Will continue to 'Make Hay while the Sun Shines'..
Still, my latest thinking is I'll most likely get interested in Property if and when I manage to double my total assets at least 1-2 more times. But, by then it'll likely be more as a case for diversifiying my asset class and hopefully, I won't think the capital outlay is that significant, as a % of Net Worth... My current dream only...
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------