A little knowledge does help in whatever we do, much as many will prefer to entrust their investing needs to the hands of an investment professional. But as mentioned in my earlier postings, "caveat emptor" buyers beware, for not all are honorable, and it is a reality that none no matter how many credentials that they might wear on their body, can predict.
The key to property investing is location, location, location.
The watchword for all investing including properties is discipline, discipline, and discipline.
With the calibre of today's investors being higher in terms of academic qualification. And with the easy access to the surfeit of information via the world wide web, the Do It Yourself" approach is a very real possibility.
And many amateurs have in fact done better than the professionals.
But where lies the danger?
The Bible reminds all that what you seek to master will master you.
Amateur or professional, we can be so deeply immersed in seeking to hone our knowledge and skills in investing that we could easily miss one key truth.
The markets are bigger than us, and man plans, God directs.
Much as we often see the modern day clairvoyants on our popular media giving their snippets of wisdom as to the myriad of investments and their take on the directions of markets, the truth is none are right forever.
Like a good farmer, with the knowledge and experience gleaned, we will plant wisely. But none can control the vagaries of the weather nor the unexpected threats from disease and pests.
In investing, we can try to minimize our downside, for that is a function of what we buy, when we buy and how much we buy. But as to upside, that is at best a flawed prediction
And no amount of knowledge can tell with with certainty what will happen next.
For we are but finite imperfect mortals.
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