Principles of investing.

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I am receiving large numbers of emails from people currently asking for mentoring and other help. This is fairly normal and I always try to accommodate people as much as I can, however there is definitely an edge of desperation from people that is new.

I can only attribute this to the current negative sentiment about and slow down in the market.
Now obviously when a market changes then our buying rules and the strategies we are using need to change with them. But we mustn’t panic or give up just because circumstances change. There are some fundamental principles we need to always have “on our wall” as it were.

1. Property investing is arguably the lowest risk means of wealth creation available in this country. This is a fact that never changes.

2. Property in New Zealand has always doubled in value on average in New Zealand every ten years, (actually less then that if you are being pedantic).

3. By learning how to buy well and where to buy, I can easily out perform that ten year average. Therefore if all i ever do is buy a couple of rental properties in the right area, i can secure my financial future and enjoy my retirement.

4. Because of Number 2 and 3, there is never a bad time to buy a really good property deal.

5. The media is primarily trying to sell advertising and cannot be relied upon for unbiased information, especially about the property market, as the people commenting are typically uninformed and not investors themselves, (Mary Holm being a classic example).

6. My commitment to my goals determine my outcome in property, not what the government is doing.

7. There are ALWAYS multiple strategies that can work for me in any market. I may need to invest in a book, mentor or course to utilise them, but they are always there.

8. Fear will always cause you to make wrong or rash decisions and you must work on your head space as much as your knowledge base.

Now all together now with feeling, 1……………………….

Stay Safe Dean Letfus @ www.massiveaction.co.nz (AKA Dean Leftus @ www.massiveaction.co.nz)

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