Patience the lesson as first dubious purchase becomes hefty portfolio
A flat start, flood stigma and years without growth nearly derailed one investor's first purchase, but holding the property long enough to let compounding work changed everything.
Time in the market can prove vastly more productive than trying to time the market. (Image source: beauty-box/Shutterstock.com)
I bought my first property on the 25 January 2012. It was step one in a simple goal to never worry about money again.
Almost nothing went to plan, and yet it still worked.
There’s a lesson to be learned.
When my mentor first suggested investing, I had a list of excuses as to why it wasn’t a good idea: no deposit, a $40,000 personal loan, too young
, wrong location. All valid, but not helpful.I signed a contract … then pulled out. Not just onc…
