I’ve poured all my funds into a basic home in a prime area. With retirement benefits looking slim, should I commit to another similar investment? Thoughts?
Based on my experience, additional investments in property require determining if your current investment strategy suits your long-term goals. Extra property commitments might offer rental income and capital appreciation, but they also increase risk exposure and potential liquidity issues. I’ve observed that diversifying investments is beneficial, especially when approaching retirement. Evaluating your current asset allocation and retirement strategy can help clarify if additional property investments align with your objectives. A cautious approach with diversified assets might alleviate financial pressure as you plan for the future.
i think extra property can work if u got spare cash, but dont overstreech. gotta keep a safety net incase market turns. sometimes a mix with other investmnts works better than putting all eggs in one basket.