A couple of days ago I wrote about a book I am reading that was written by Donald Trump and Robert Kiyosaki. Here is another thought from the book that I have summarized in my own words...what do you think?
Banks will lend you money to purchase investment property (real estate) but they will very rarely lend you money to purchase stocks, bonds, mutual funds, etc. Banks are in the risk management business and will therefore lend money for the safest investments. With this in mind, why is it that financial planners will tell you that the "safe" investment is to invest in stocks, bonds, and mutual funds?
Please do not get me wrong...I'm not saying that investing in real estate is the best or safest place to invest, in fact it is probably a horrible choice for most people, but the above thought is deffinetly worth thinking about.
What are your thoughts on this?
Tarun Trikha
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