Hi all, my first time on . Thanks to Marc for helping me sort out some problems. Finally I can put faces to the names . :-)
Logic tells me that in general NZ is at the peak of it's P cycle and that waiting for values to drop would be a sensible decision. One bad thing about this is increasing interest rates right? The advise given out on this site never seems to mention" wait and see". Why? Books I read about setting up Prop portfolios never seem to talk about the disadvantages of buying at the peak-- it's all buy buy buy, get your assets and aim for a return.
Can anyone enlighten me? What philosophies do you guys have?
Cheers Jab
Logic tells me that in general NZ is at the peak of it's P cycle and that waiting for values to drop would be a sensible decision. One bad thing about this is increasing interest rates right? The advise given out on this site never seems to mention" wait and see". Why? Books I read about setting up Prop portfolios never seem to talk about the disadvantages of buying at the peak-- it's all buy buy buy, get your assets and aim for a return.
Can anyone enlighten me? What philosophies do you guys have?
Cheers Jab
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