It is interesting to learn from many peoples opinions and experiences.
frequently a group of mates get together over a game of cards and that exact topic comes up.
Most of the guys are in a position in their lives where they either have owned, or do own one or multiple properties.
Only a couple have invested peviously in the market and due to being burnt think that the market is a place purely for gamblers and nothing else, even the guys that havent invested there think similarly.
Its funny though, most of them wouldnt consider buying off the plan with a view to securing a property in two years time gambling, because that is a safe investment.(in their eyes)
One of the guys put a deposit down on a block to be subdivided some time later, the crash of 2008 came he lost a lot of money and then had to forgo buying the block and losing his deposit of $15,000.
The perception with most of them is that property is all good and the market is too riskey.
After asking them do they understand the market dynamics they all said, 'no'.
Doesnt that say it all??
Dont you think that people like to show that they know even when they dont know anything??
This site at times can offer you some great examples of that, one example is, peole who know nothing about technical analysis, say its rubbish, but when asked dont know anything about it.
Power and understanding comes from the Knowledge gained, how many of these people try to expand their knowledge into the area of the stock market??
