Dilemma: Investing in Rental Property VS More (Cheap) Crypto
In this final of my videos in Australia, I'll be discussing a personal dilemma that I'm dealing with - whether to reinvest the crypto profits that I have from the highs of 2017 into rental property VS buying crypto at a 70-90% discount.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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The right order in my opinion is simple i mean buy now a lot of cheap projects and after gain some good % go to property i mean i know some people here in my country that they do that the past year and now they have some houses to rent wow that's a smart way of think. Regards
Well the best option will be to go for the property. You should stay out of London as a property investor.
I personally would buy the property with some sideline cash left (as you mentioned 70/30% if that works for you). I guess in your case it would be an apartment. This is definitely much safer investment oppose to today’s very risky investment in crypto. Just hypothetically. Imagine if you bought crypto for all your sideline cash and in the next few months it drops by another 50%, which I wouldn’t be surprised at all. You would have sleepless nights and you would possibly panic sell (because most people do, doesn’t mean you would). Now imagine, if you bought an apartment and in a few months crypto jumps by 3,4...folds or more, you would still be able to rent your apartment and still be invested in crypto.
I personally would buy the property with some sideline cash left (as you mentioned 70/30% if that works for you). I guess in your case it would be an apartment. This is definitely much safer investment oppose to today’s very risky investment in crypto. Just hypothetically. Imagine if you bought crypto for all your sideline cash and in the next few months it drops by another 50%, which I wouldn’t be surprised at all. You would have sleepless nights and you would possibly panic sell (because most people do, doesn’t mean you would). Now imagine, if you bought an apartment and in a few months crypto jumps by 3,4...folds or more, you would still be able to rent your apartment and still be invested in crypto.
Buy a property is a must, than some crypto when bitcoin gets to $5000 and also keep some cash.
Well the best option will be to go for the property (unless you can withstand the uncertainty) and use any spare to purchase at a discount. I believe firmly in crypto, but the uncertainty can be unnerving
I think diversification is a good option as putting the eggs into one basket is more risky. Consider investing in Real Estate and taking a portion of the income to dollar cost average into crypto assets. That way you can have both and not having to depend on catching the bottom of the market.
I've been moving around too much. I am working an computer programming internship right now and can't see myself buying property anytime soon (even though I want to).
It's convenient for me to buy crypto in these volatile times.
You should stay out of London as a property investor. I read in a paper in London a year ago that middle-class professionals are moving out of London because they can't afford to start families there.
Do both. Also depends on whether you're going to need that money and if so, how soon.