Invest With Your Head, Not Heart
The COVID-19 pandemic has unfortunately created a sense of hysteria for many, however, even in stessful times, investors need to make decisions based on the facts and figures, instead of emotion.
Investors who invest with their heart
Investors who make investment decisions based purely on emotion will most likely fail to achieve the return they were aiming for, sometimes it can even lead to them achieving no return at all.
Investing is all about making money with little or no impact on your life. It’s crucial to remove yourself from your taste, biases, and prejudices, or information gained from friends or relatives.
Too much information or “information” thrown at us from the wrong sources, especially in times of economic uncertainty, will delay investment decisions and increase the likelihood of poor investment choices.
Should you be investing in this time?
Economies across the world are being impacted as we observe the shocks and volatility being experienced in the share market.
Historical global crises including the GFC, 1991 recession, 1987 stock market crash, and even other outbreaks of illness such as SARS, the Australian property market has remained strong.
The Australian property market is very resilient and as the dollar weakens in response to global financial instability, we’re seeing an increase in the demand for property, from both local and international investors.
This is driven by the core fundamentals in our property markets, historically low-interest rates and the uncertainty of the share market.
What information should you rely on?
It’s always important, especially in times like these, to rely on information from experts in property investment who have:
- Performed the appropriate due diligence
- Who are experienced investors and researchers personally and for clients
- Who understand your strategies, your needs, and your budgets
What do intelligent investors focus on?
Find out exactly what intelligent investors focus on in times of economic uncertainty: https://bit.ly/Invest_With_Head_Not_Heart
Again remember, this will pass and we will get through this together. I hope you all stay safe and well during these unprecedented times.
Warren Jacobs – Senior Property Investment Consultant at Meridian Australia
P: (02) 9939 3249
E: [email protected]
*Disclaimer: When considering purchasing property, it is always prudent to seek the advice of an appropriately qualified professional to determine which strategy is most appropriate for your circumstance