Facts Versus Opinions

If you make decisions based on facts, you will get right answers.

If you make decisions based on opinions, your answers may or may not be right.

Right decisions lead to making money. Wrong decisions lead to losing money.

There are a lot of opinions in the world that are advertised as facts. "Real estate experts say that the market will rise by 15% over the next year" is just an opinion. It is true that they said it, but there is no guarantee that it will happen. What IS true is what the market is doing now.

A deal has to make sense now - when you buy. Relying on sales pitch that "the value of these units will go up $50,000 in the next six months", is a recipe for disaster. They might, which is great, but they might not too. If they don't, you could be left with a financial disaster. If the deal makes sense now, do it. If not, don't.

Note. Figures in this article may be of a historic nature and may not reflect the circumstances at the time of posting. Posts in this blog should not be taken as investment advice, merely as views of a general nature. Individuals should seek qualified advice tailored to their specific circumstances from licensed advisors.