Well, the end of the year is in sight and, while there are still a few deals being done and a few smart investors are taking advantage of the opportunities that desperate sellers at this time of year can represent, I thought that this might be a good time to look back on the past year and see what we can learn from it.

Remember…“To acquire knowledge, one must study…but to acquire wisdom, one must observe.”

Lesson 1.
There will always be doomsayers and they will always want to convince us that “the sky is falling”. The biggest mistake any of us can make is to a. listen to them or b. act on their advice.
Lesson 2.
Whilst we can always make some generalisations about the market overall, every market is different and will behave in different ways. Even during the settling of the market over the past year or so, some suburbs have done markedly better than adjoining suburbs. The key to being an astute investor is to understand what drives the market over the longer term, so you are well placed to do better than the average.
Lesson 3.
No boom ever lasts forever. The remarkable growth in property values over the past 5 or 6 years was in itself a “once in a lifetime” event, and could not be sustained forever. Those who made investment decisions based on an assumption that growth in property values would continue unabated learned a hard lesson.
Lesson 4.
The fact that property values Australia-wide only settled back by 5% shows just how sound the overall market really is. In the longer term, there is every reason to believe that values will continue to double every 10 years or so.
Lesson 5.
At the end of the day, ensuring that you enjoy the best available returns from your investment is less about your timing of the market, and more about your time IN the market.

Cheers,
Bertram

Posted via email from It’s a Breeze Property

Native American wisdom:

"Once I was in Victoria, and I saw a very large house. They told me it was a bank and that the white men place their money there to be taken care of, and that by and by they got it back with interest. We are Indians and we have no such bank; but when we have plenty of money or blankets, we give them away to other chiefs and people, and by and by they return them with interest, and our hearts feel good. Our way of giving is our bank." – Chief Maquinna, Nootka

Namaste

Bertram

Posted via email from Bertram’s posterous

Two people will have the same vision, set the same financial goals, and create the same action plan…

  And sure enough, one will reach their goal, and the other one will not. What it is that makes the difference?

  It comes down to our internal invisible filament, otherwise known as our subconscious Self Image.

  You see, we each have a hidden Self Image, which is the subconscious belief about ourselves, how
successful we believe we are, and what we believe we deserve.

  It’s analogous to a filament in a light bulb…

  Even though there is enough energy to plug in a spot-light and light up the entire sky if you’re only working with a 40 watt bulb,
you’re not going to get much light.

  At best, you might illuminate the small corner of a room.

  Our hidden Self-Image works the same way.  The Universe can only do for us, what can flow through us.

  You have unlimited potential and energy available to you, but how much are you willing to allow to flow
through you?

  Herein lies the challenge…

Most people face very strong and powerful reasons why they won’t (despite wanting to) increase their
hidden Self-Image.

Anthony Robbins speaks about the 6 core needs of people and sadly many folk utilise only four and

leave out the two most important ones; Growth and Contribution, which come from a good self image.

So what will you do today to enhance your hidden self image? It is one of the most important things you can do for yourself.

Posted via email from Bertram’s posterous