I recently got married and now I'm thinking about investment. I have some ideas. What do you think is best?
A. Rent Buy / properties Wasaga Beach investment in Canada. 5.25 to 6.95% mortgage rates. Having family members for service or to find and deal with tenants. 2. Buy in HTC Corporation. Nexus manufactures A phone from Google. 3. Save for bar / restaurant in Kuala Lumpur. I will be moving there in two years. Perhaps just store and buy it for cash and other investments in the interim. 4. Use a financial adviser to purchase shares in EU funds. I have a friend who advises the subject. Seem right. 5. Buy property in China. I live in China. Can you handle it from here. Have a bit of experience in this. Prices are rising. Very reliable. Difficult drive if / when I leave. What is the best way to go? Why?
All these ideas are off the wall, unless you first: 1. A fund emergency of months of living expenses in August in cash, savings, money markets. 2. Maximized contributions to your 401k. 3. Having enough life insurance to provide for his family if you die prematurely. 4. Having adequate health insurance, homeowners insurance, auto insurance and public liability insurance. 5. Having a written will, living will, the health care power of attorney and financial power. After that, you can think about investing. Save 10-15% of their income each year. Do not buy anything that you can not understand. Love the idea of rental houses, especially the ability to hand-to-day responsibility to his family days and do nothing on their own. Good luck. With their approach to taking risks, you need it!
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