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Sorry Allan.
I have developed a very quick delete
manoeuvre.
Regards,
Cris
----- Original Message -----
Sent: Thursday, January 29, 2004 5:25
PM
Subject: [sharechat] Property vs
shares
Dear Mr. Thomas,
I'll be happy to put in my two
cents worth. Prior to that, I should probably give you some background
on my real property experience, so you can gage the validity of the two cents
worth.
I started to invest in real property in my early 20s, as a
complete novice, in order to supplement my working income. Much later on
in life, after I had made some very good money in these real property
investments, I obtained a real estate salesman's license, later on a real
estate brokers license and after not doing so well at that took up real estate
appraisal.
I eventually was awarded the MAI designation in real
property appraisal where I was deemed qualified to appraise just about
any property from real property easements to skyscrapers. I
did both and many in between and retired at the age of 55. The MAI
designation is considered to be the highest real estate appraisal designation
in the U.S. Equivalent to the CPA in accounting and perhaps
similar to your Royal Chartered Valuers (as I understand it)
OK, having
said that, my experience has been that you can make the most money by buying
and managing the real property yourself, providing you have a flair for it and
are willing to work hard at it as almost a second job. I did very well
at it and count my real property investments as the best investments
I've ever made.
Now however, since I'm retired and we do much traveling
and I've limited myself to real property shares. Nowhere near as much
money, however, freedom to travel, less headaches, aggravation, government
interference and day to day bother.
Another option, which frankly I've
never pursued, is to find a very competent and honest broker to manage
your properties I'm thinking of commercial/industrial here) Since
I've also spent a lifetime in the share markets and all during that time found
only one share broker who know what he was doing, I don't know how successful
this option might be. No opinion one way or another on this, but
certainly an option to be considered.
Good luck to you in you real
property investments, no matter which way you choose to go.
As an
aside, did anyone read my "Misleading hit piece on George W" post or did
the supposed attachment, which really wasn't an attachment scare you off from
opening it? It actually was not an attachment took me 3 hours to produce
and was indeed
safe.
Allan
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