Pricking the 'property is best' balloon - Mary Holm
Saturday 6 March 2004
Q. I applaud the growth of companies and technology, and think their growing popularity via the sharemarket wonderful.
By The LandlordHowever, companies, ideas, people, almost everything we care to think of gets outdated or ceases to exist at some point.
Property is a rare commodity that doesn't.
I'm not knocking sharemarket enthusiasm, as I, too, think it's super exciting, and am looking to get more involved.
BUT, I will always stick with an 80/15/5 per cent investment ratio, whereby 80 per cent is property, 15 per cent could be business and 5 per cent shares.
If I'm not mistaken, most of the richest people in the world use this sort of ratio. Why not follow their example?
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