Whether you’re a new or seasoned investor, the internet has opened up a world of investment opportunites – giving you almost unlimited access to experts and information to help you on your journey. Unfortunately, this benefit of unlimited information can lead to information overload. Under the Pareto principle (20% of your efforts produce 80% of your results), directing your time, energy and money as efficiently as you can, means you’re more likely to take action and get quicker, better results.
What’s your investment strategy?
Many financial planners find that investors often don’t have a clear strategy. Our Investing Guide “3 Steps to Take for Successful Investing” (Subscribe and download for free) helps you think about and plan your strategy.
You might also like to look at some other strategies in our BiG Books on Wealth, Business, Property and Shares and read:
- Getting ready to invest – making financial and investment plans.
- How to choose investment vehicles (Part 1): Shares v Property?
Need help finding your best property investing strategy?
Some experts in their fields of investing research and education, with great (often free) resources and advice are in Analysts and Commentators, such as:
Margaret Lomas (Destiny); Peter Koulizos (The property professor); Rob Balanada
PROPERTY INVESTING TOPICS and STRATEGIES explains some of the property investing strategies you may use, or already use, such as:
- buy and hold
- value adding – developing, renovationg, subdivision, strata titling. Our BiG Directory has many useful find a ‘tradie” etc directories
- creative finance – property options, wraps, vendor finance
- buying niche properties – apartments, overseas property
Ready to find a property?
Once you have a strategy, no need to reinvent the wheel! There are plenty of experts and experienced investors who are more than willing to share their tips and mistakes. Just be careful that:
- the source you rely on is reputable, and that the results they claim are achievable, and in line with the results you want
- they are not biased towards their own strategy, area or get a hidden benefit from selling to you. For example some investment clubs, ‘advisers’, mentors or educators may be affiliated with particular developers and may get a commission from sales (ask them!).
- you can identify the ‘human’ behind the site or organisation. Guru Cops can help, but best to do your research first!
There are many property and other investing blogs, forums and Facebook sites and groups where like minded investors share their experiences, and where you can ask questions about specific ideas, strategies and advisers, such as:
- Australian Property Forum
- Australian Investors Association
- the Barefoot Investor
- Peter Koulizos
- Margaret Lomas
- Property Investing Forums
- Investor Talk
Analysts and Commentators has sites where you’ll get data and help finding the right property for you in the right location, location, location! Such as:
Sourcing and researching a property:
#3 BiG Book of Property Investing Strategies and Gurus rates advisers (gurus) and sets out the strategies they use, and the products and services they claim to provide.
There are many more we class as ‘providers’ – sites where you can buy property, get finance, insurance, real estate agents, buyers agents, financial planners, tradies and other related services – in our BiG Directory.
We hope that gives you an overview of what to look for, where, and how, on the internet so your risk of information overload paralysis is reduced and you take your next big step on your investing journey.
All the very best,
the Bucket List Investing Chick!