In your opinion, what is a better investment - buying property, i.e. land, a house, or channeling your money into mutual funds?? I.e. contributing to an RRSP. (assume you can only pick one, not both). Discuss.
drlove said:In your opinion, what is a better investment - buying property, i.e. land, a house, or channeling your money into mutual funds?? I.e. contributing to an RRSP. (assume you can only pick one, not both). Discuss.
except in the late 80's and early 90's in Ont.papasmerf said:Land will always appreciate and never fail you. But the growth is all about location.
If you want a short term high yeild you should consider not buying land or bonds. You need to be in it for the long haul.lickrolaine said:except in the late 80's and early 90's in Ont.
and when interest hit 20 percent.But other then that all is good
In the long run, real estates should be the choice. Please also refer to Papa's first comment.Real Estate vs. Mutual Funds
Whatever is your choice, only advice I would suggest is that you avoid The Chartered Banks as your source for mutual funds. The Canadian Banking system is the biggest rip-off in the world.drlove said:In your opinion, what is a better investment - buying property, i.e. land, a house, or channeling your money into mutual funds?? I.e. contributing to an RRSP. Discuss.
OMG........so which Mutual of Omaha location do you work at Xarir??xarir said:Mutual funds on the other hand fluctuate up & down on a daily basis. This fluctuation along with media stories of companies going wildly bankrupt or wildly wealthy in very short time periods lend credence to the perception that mutual funds are less solid than something like real estate. The thing to keep in mind is that a good quality mutual fund will generally average upwards over time and that it will do so at a greater rate than your average real estate investment.
http://www.chebucto.ns.ca/~rakerman/money/gm-The_ABCs_of_ETFs.htmlFOOTSNIFFER said:Consider buying Exchange Traded Funds (ETFs)...they're like Mutual funds in that they diversify for you but are alot cheaper to hold. If you want a quick and dirty primer that's easy to read re: why stocks rock then get Stephen Foster's "Stop Working Now".
Excellent post cowboy!!peelcowboy said:I am just pissing myself laughing: XARIR and his magical 46 year Mutual Fund yielding 10% per year compounding with special tax advantages. Wow, what a whopper. Who sells this amazing fund; the pixies or the elves?
The crazy thing for me is people constantly buy into this rancid BS. I can't tell how many people think their Mutual Funds will "eventually deliver 10% rates "over the long haul" Lies, Lies and more Lies.
The Mutual Funds industry works from the same propaganda book as Goebbels and Karl Rove: if you tell a huge lie loud enough, repeat it often enough, beat down the people pointing out the truth effectively enough, in the end your huge lie will become accepted fact.
The truth is that the vast magority (I am talking over 85% here) of mutual funds with all their managers and analysts and computer programs cannot even beat the totally random rate of return of the total stock market index year in and year out. Yes, they can't even achieve a better rate of return than sheer random occurences over the coarse of the stock market's year.
The only people who make serious money in the Mutual Fund business are the people or banks who operate the mutual funds.
The story of Real Estate investing is too complicated to address here, there are lots of hidden issues in that field as well but please "most mutual funds will acheive an average of 10% returns over the long term" sir, hang your head in shame for endorsing the Big Lie.
And if it wasn't in real estate...it was selling mutual fundsEsco! said:The truth is that the vast majority of wealthy people have made their money in real estate.
Thats a fact!!
LMAO.........justajohn said:And if it wasn't in real estate...it was selling mutual funds
One of the best and shrewdest stock market speculator I've ever known once sat down when he retired and added up all his gains and losses over a 40 year period.justajohn said:Anyone selling you an investment promising you over a 7% return is talking through their hat
10% from stocks, that's rather good over the course of that time frame, and he's one of the the lucky bunch.that over that 40 year period his net profit added up to about 10% annually.
21pro said:my real estate portfolio averages about 7% per year, but i've only been in real estate since 2000... i'm yet to get better at it and i don't see the returns that i've seen in '00,'01,'02,'03,and '04... in fact even in the hottest markets,
RE prices in Ontario haven't done better than 6% in any city across ontario.