Financial Planner

I thought about how I'd like to invest my money that I have saved up, previously I wanted to invest it soley in residential property, but now it seems like a good idea to invest it in managed funds, and international shares. What caused this turn about action was after I realised how much more elements are involved in buying property and selling, Its not the typical buy & sell you'd expect, things such as maintanence, stamp duty, rise and fall of interest rates are all factors that have to be taken into consideration.

But with shares, I figured that it would be better if I'd invest in shares whilst im still young and able, then later on shift into more stable and long term investment properties.

expense tracker

Good news, my perserverance in this expense tracker has finally paid off, Not only am I more conscious about my money, also more honest and humble in how I spend it, attempting to only spend it on where its necessary, last night I went to a pub, and I didn't spend a single cent.

Managed funds

I find that managed funds, being really appealing, and also a very good way to invest your money. Especially a diversified managed fund, effectively we are taking the advantage of investment opportunities across the whole board (shares, fixed interest bonds, bonds, international shares), but again before investing in a managed fund, we require quality research. As Andrew has stated a few properties funds went bankrupt in the 1980's when they couldn't sell their commercial properties, and the investers wanted their money back

On a side note, I realised my amount of spending decreased when I was really busy at work, There was a period of time where I didn't leave work for 5 days (which is why I didn't blog for quite a while)

, because we had to chase this architectural competition deadline.  During this time, I didn't spend THAT much, only on the bare necessities - food.

investing

I think that the tips that are given are very personal based, it might be applicable to soley them or people that have similar situations to them.Whether the financial tip might be useful to you, depends on the situation you are in.

I've been told to invest in certain shares, most of my advice has been pretty mainstream and typical answers that I've been expecting.

Property tips

I found these tips only applicable only to only australia,  and only slightly applicable to property in other countries, since I am currently residing in Hong Kong,  I took the opportunity to ask some friends at work and relatives,  on advice about buying property in Hong Kong. Here the higher up the apartment is,  the more expensive it is,  and also it isn't always the apartments closest to train stations which are most expensive,  rather the further away or the quieter the place is,  the more valuable the place is. 

Echoing what Andrew said,  it is about the demand, it has always been about the demand.