cockney steve,
You are still putting forward a preposterously nonsensical rose-tinted view of property.
Property is an illiquid asset class, not sold on a recognised market and where valuation is a matter of opinion.
Shares are liquid, sold on exchanges and valuation is openly determined by the market bid/ask activity.
you haven't told us about the banking crisis, the collapse of the stockmarket
The banking crisis was largely caused by you silly property types mortgaging yourselves to the hilt and being unable to repay your mortgages, which lead to banks being left with a whole load of debt. U.S. subprime mortgages etc...... remember those ? That's where it all started... from the first paragraph of Wikipedia "
The U.S. subprime mortgage crisis was a nationwide banking emergency that coincided with the U.S. recession of December 2007-June 2009. It was triggered by a large decline in home prices, resulting in mortgage delinquencies and foreclosures and the devaluation of housing-related securities".
What's that Steve ?
"triggered by a large decline in home prices" ? Surely not !
What stock market collapse ? Its hardly a blip on those 10-15 year charts ?
You quote 2 shares among hundreds,if not thousands.....the vast majority performed far worse
I quoted two as an example ! There are many more good examples where that came from !
If you're unable to pick decent shares, that's not my problem... that's what a decent financial advisor is there to help you with !
provided, like your shares, you didn't grossly overpay for the wrong thing inthe wrong place at the wrong time.
So you're admitting that property is not such a fine investment then ? Plus there' no way you'll get the same capital and income growth form property as you'll get from shares unless you own something in a prime location.
there wouldn't be these financial gurus setting up funds to specifically invest in real-estate.
Utter bull.
There are funds available in all sorts of asset classes.
The reason they set up property funds (or other asset funds) is to enable investors to diversify their portfolio and invest in specific asset classes.
The funds are setup specifically for asset classes, not as a reflection of the quality of the asset and the desirability to invest in it ... its up to you to decide whether its a good idea to invest in a specific asset class. Asset-class specific funds are there to provide you with a means to invest in such assets if you want or need to invest in such assets.
again, they take a big skim of cream off the punter's cash,with absolutely no personal risk )....
Yes, well, the professional investment managers I know refuse to touch most funds ... they can do demonstrably better with individual shares and it costs the customer less.
Stockmarket is gambling, pure and simple.
You have no idea what you're talking about do you !
Stockmarket is no more of a gamble then your property investment.
Perhaps, Mixture, you can tell us how one spots an honest, high integrity, moral and ethical financial advisor...
Quite frankly, given your attitude, I can't be bothered waste any more time on you.
There are honest, high integrity, moral and ethical financial advisors out there ... I can say that with strong conviction because I know some of them, I've seen some of the portfolios they run, I've been in the room whilst they're on the phone to clients, I've seen the amount of background research and review of the client's portfolio they do before they call the client .... they take their work very seriously indeed.... and the only money they make is a small commission whenever a client makes an occasional trade (and before you try to spin that story.... they only trade once a month at most.... they're not flogging shares every day to the client just to make the commission numbers !!!!)... no annual charges.
But you're not genuinely interested in knowing how to find such people, so I'm not going to waste time telling you.