With so many strategies available with property or even investing outside of property for that matter, it’s often hard to know where to start. One effective approach is to understand what the future might look like and align your investment strategies accordingly.
To begin, consider the broader economic and technological trends. Will governments and central banks continue to print money? Will technology keep advancing at an exponential rate? How will global power dynamics shift? By thinking about this, it’s possible to start forming a vision of the future where the money you’re currently setting aside, will be spent.
Next, bring your focus closer to home. Assess the strengths, weaknesses, and challenges of your own country. Then, narrow your focus even further, to your household. What actions can you take today that will be valuable in the future? This might involve changing how you earn money, building a business, or wisely investing your existing wealth.
Personally, I invest in six areas: US shares (individually and through managed funds), precious metals both silver and gold (ETF’s and physical), leveraged residential property, business, Bitcoin, and cash. This diversified approach aligns with my vision of what will be valuable in the new world. Property is an asset class that’s helped create significant portion of my own wealth, and this is a tool most everyday people can understand. However, many people engage in property investment passively, buying, holding, and eventually selling. There is also a more active strategy to consider though, and this is where property development comes in.
Property development can take many forms, such as subdivisions, renovations, and speculative building. While I have much to learn in this space, I invite you to join me on this journey and starting by checking out this conversation I had recently with developer John Kenel.
Listen in particular to John’s strategy. Like mine, it’s a buy and hold strategy, but with a twist. The difference is, he’s been able to enhance/improve the value of what he has through development.
Building new wealth in the new world requires a thoughtful approach, considering both global trends and personal circumstances. By diversifying investments and exploring active strategies like property development, you can position yourself for future success.
