Property Investment: Best Time, Worst Time, Some Time
1998: Best Time or Worst Time?
If someone were to invest during the worst time, say the 1998 ASEAN financial crisis, this person would have gained tremendously whether she bought into the stock market (some counter which is earning profits), property (prices in 1998 vs today?) or even the unit trust. 1998 till today is around 23 years. Her investment would have easily tripled or more. Was that the worst time then? To the one who invested, it was the best time.
2008 – 2013: Best Time or Worst Time?
If someone were to buy a property during the booming years and she happened to buy towards the end of the booming years, then this person may need to have the power to hold. This is because after 2013, the property prices have not been the same as the 5 years before 2013. This meant that investing during good times, does not necessarily give good returns. Okay, unless that someone managed to invest into some undervalued properties even during good times.