Sunday, November 4, 2007

Saving Plan

I was asked last week about how to save money in the current economic situation and where to invest.

My answers surprised them, as I am a staunch property supporter......... Don't buy anything yet - the bottom isn't even close, I returned to my old adage that when we see rents covering the mortgage payments and all associated costs and the property is entirely self cash flowing, buy, but until then look for some solid mutual fund performance (American/ Global Growth and Income funds, Franklin Templeton etc) but try holding them somewhere different. Inside a Variable Life Insurance Policy. Why...... Tax free growth, long term disability riders, easy borrowing and the immediate net worth it provides you will all come in handy when the housing market is full of bargains!

Copyright Jonathan Rose 2007 - Creative Commons License

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