Quote:
Originally Posted by rcroome
Anything that's hot right now is probably hot because of speculative money. The smart money has moved to cash, gold and oil. Most people are waiting for the mature markets to bottom out, and depending where you are in the world, it could be up to 2 years away.
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Well said, and proof there are thinking investors out there.
There are an awful lot of nonsensical piosts on these forums, along the lines of 'invest in X, because investing can produce an income' - WTF!!
There are very few property investments out there worthy of consideration just now. Certainly not places like Cyprus that are at the tail end of long booms - the very last place you ought to invest