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Re: [sharechat] Property vs shares


From: "Cristine Kerr" <criskerr@optusnet.com.au>
Date: Thu, 29 Jan 2004 18:30:08 +1000


Sorry Allan.
 
I have developed a very quick delete manoeuvre.
 
Regards,
Cris
----- Original Message -----
Sent: Thursday, January 29, 2004 5:25 PM
Subject: [sharechat] Property vs shares


Dear Mr. Thomas,

I'll be happy to put in my two cents worth.  Prior to that, I should probably give you some background on my real property experience, so you can gage the validity of the two cents worth.

I started to invest in real property in my early 20s, as a complete novice, in order to supplement my working income.  Much later on in life, after I had made some very good money in these real property investments, I obtained a real estate salesman's license, later on a real estate brokers license and after not doing so well at that took up real estate appraisal.

I eventually was awarded the MAI designation in real property appraisal where I was deemed qualified to appraise just about any   property from real property easements to skyscrapers.  I did both and many in between and retired at the age of 55.  The MAI designation is considered to be the highest real estate appraisal designation in the U.S.  Equivalent to the CPA in accounting and   perhaps similar to your Royal Chartered Valuers (as I understand it)

OK, having said that, my experience has been that you can make the most money by buying and managing the real property yourself, providing you have a flair for it and are willing to work hard at it as almost a second job.  I did very well at it and count my real  property investments as the best investments I've ever made.

Now however, since I'm retired and we do much traveling and I've limited myself to real property shares.  Nowhere near as much money, however, freedom to travel, less headaches, aggravation, government interference and day to day bother.

Another option, which frankly I've never pursued, is to find a very competent and honest broker to manage your  properties I'm thinking of commercial/industrial here)  Since I've also spent a lifetime in the share markets and all during that time found only one share broker who know what he was doing, I don't know how successful this option might be.  No opinion one way or another  on this, but certainly an option to be considered.

Good luck to you in you real property investments, no matter which way you choose to go.

As an aside, did anyone read my "Misleading hit piece on George W"  post or did the supposed attachment, which really wasn't an attachment scare you off from opening it?  It actually was not an attachment took me 3 hours to produce and was indeed safe.

Allan




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