13th Oct 2008
Hey guys,
Somehow I think not..... you would have to be a brave person to trumpet these words. However the phase 'Safe as Houses' may be something you have heard.
I have just spent the night at a barbeque with my mates in Australia. They meet every Monday night and cook up a feast, it's been a tradition of ours for the past 10 years or so. It's a great place to catch up on the latest gossip as well as see what they are thinking about. Anyway, one of the conversations turned to the current economic climate and how best to cope with it. Now, although none of my mates work directly in property a lot of them have investment properties.
Each of them was talking through their feelings about the market and the overwhelming feeling was that property was still the thing to make them money and give them financial stability.
The one mate who didn't invest in property, instead choosing shares stated losing about 25% of the value of his shares over the past couple of months, he was slightly annoyed at how much he has lost. His comment 'I guess that it's 'Safe as Houses' not 'Safe as Shares', prompted me to write this blog.
So next time you are wondering where your money should be just remember that the saying is 'Safe as houses' and not 'Safe as shares or stocks'.
Live with passion,
Brett Alegre-Wood