Friday, August 28, 2009

Intro to Investment Properties

A layperson’s best bet for making money is property investment. Although it is not difficult to do, it does require intense, hard work, high levels of discipline, and patience. Working hard, however, is not sufficient, for you must also work intelligently.

Speculation vs Investment

Investing is not speculation. Speculation relies on chance for a profit. Most so-called investors are actually speculators, but they think they are investors. An investor relies on hard facts to base his or her decisions. There are two criteria that must be met in order for a security or other vehicle to be classified as an investment: safety and profit. Both of these must be assured beyond a reasonable doubt. Anything based on opinion must be considered speculation.

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