So, how are your investments doing?
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Just a thought, did you look check the real estate options in India (Metro), People I know of have tripled even quadrupled their investment in the last four years ( cumulative), Hmmm... I'm being a late adopter, didn't venture much before the boom, as I was focusing things here.
From what I understand, the future growth is going to be based in Asia and India is going to see its own big share of that due to domestic demand. Any investment related to Asia might return a good growth. Needless to say the risks involved in direct investment, very risky.
I am sorry if you think it is not related what you really expected to discuss.
Given, the low interest rate I would focus on paying off the debt (mortgage) so that it doesn't flow further to see the increased interest rate. May not apply if you do not have a mortgage or it is an investment property.
Quote:
Originally posted by dimple2001
Good discussion. Thanks for the responses.
Mine is a very simplified calculation. I realized it will not reflect the absoluely accurate returns for 2 reasons (similar to what patrickm stated) - I have several investments and every one of those receives several deposits during the year.
IRR will be a good way to capture each of those cash flows, except that, it's hard for me to go back and track down all the dates....too cumbersome to spend my time, although not impossible.
Also, there are few investments that I started within the past 2 years and then several within past 10 years....that adds to the complexity.
That's why I resorted to adding all the $ I invested and compare to Market value as of certain date. I realize it doesn't take into account the time value.
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Location: Western Hemisphere
Posted on: 05-11-09 11:19:20
Quote:
Originally posted by JRF
Just a thought, did you look check the real estate options in India (Metro), People I know of have tripled even quadrupled their investment in the last four years ( cumulative), Hmmm... I'm being a late adopter, didn't venture much before the boom, as I was focusing things here.
From what I understand, the future growth is going to be based in Asia and India is going to see its own big share of that due to domestic demand. Any investment related to Asia might return a good growth. Needless to say the risks involved in direct investment, very risky.
I am sorry if you think it is not related what you really expected to discuss.
Given, the low interest rate I would focus on paying off the debt (mortgage) so that it doesn't flow further to see the increased interest rate. May not apply if you do not have a mortgage or it is an investment property.
JRF, thanks for the idea. Good response.
Yes, I did consider RE in India. However, I don't have anyone in India who might be a caretaker of the property besides my parents who are ageing and they already are itching to dump two of their own properties on me. So, for all practical purposes, without going into too many private details, I'd say, there are enough investments in India that would one day become mine. So, I have abondoned the idea of further investment.
My investments in a couple of mutual funds have a focused strategy on investing in "emerging" countries that include India and China. So, I am sort of diversified through that while minimizing risk of direct investment.
Until recently, I was paying extra mortgage to the allowed max to pay off more of the principal. I plan on resuming that soon once my budget gets a bit more relaxed.
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Dimple2001
To Dimple2001
I have a question ?
Why would you pay extra mortgage to reduce your prinicpial ? When inflation hits and the interest rates rise, the mortgage will be highly discounted at its current rates. I do not see any financial reason to ever pay the mortgage early unless you want to own the house for emotional reasons . We all know the rates these days are at their lowest and will increase in the future someday ...
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We will find a way or we will make one
If you are paying variable such as Prime-0.9 currently and you expect the could come back to you for something like Prime+1 later, wouldn't that be a good idea to have your debt reduced.
My way of thinking is "the home you reside is not an investment", you need to secure that. Once it is secured, you will have the independence to make decision that you deem risky when having commitments such as mortgage.
Currently, looking at the prospects of the interest rate, it looks like it might go high soon to harness the skyrocketing housing gamble. Its the exchange rate against US is what holding this folks else it would've been revised.
Quote:
Originally posted by Smiley
To Dimple2001
I have a question ?
Why would you pay extra mortgage to reduce your prinicpial ? When inflation hits and the interest rates rise, the mortgage will be highly discounted at its current rates. I do not see any financial reason to ever pay the mortgage early unless you want to own the house for emotional reasons . We all know the rates these days are at their lowest and will increase in the future someday ...
-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Oooops, I didn't see the "Question to Dimple"
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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
Hi JRF
If you have a low variable mortgage rate right now, it is a just reason to pay as much principal back as possible. I get that but would't it be better to convert it to low fixed for 30 years and not pay extra principal every month and be insured from rising rates in the future.
The property appreciates /depreciates irrespective of how much you own it so I would not try and own all of it right now and take all the risk on me in this faltering recession economy. Remember not to put all your eggs in 1 basket (house) etc...
Hope this makes sense ...
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We will find a way or we will make one
Location: Western Hemisphere
Posted on: 05-11-09 14:18:36
Quote:
Originally posted by JRF
Oooops, I didn't see the "Question to Dimple"
I just hired you as my spokesperson
No, thanks for the response. I was going to reflect similar view as well. I don't see my home as an investment in its literal sense plus don't foresee moving in the near future, hence would like to pay down as much as I can and get more true ownership of my home.
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Dimple2001
