Monthly Archives: August 2014

Investing tips from Warren Buffett

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Warren-Buffett

Have you heard about the famous Oracle of Omaha? He’s no genius, but considered a stock market prodigy. Investing your hard earned money, whether on stock market or on real estate such as condormitels is one of the wisest choices you can make in your life. It may not show instant increase in your bank account, but in the right time, when it matures, you can feel its presence and security of your future.

So, what are the most talked about simple investing tips that Warren Buffett suggests to young investors?

Know your investment
This one’s basic, but most fail to see its importance. One of the easiest way to protect your money is to know where you are investing it. It doesn’t require you to be an expert in your chosen investment, just be knowledgeable about how it works, and its pros and cons. Get to know the company as well, by doing a little research. Don’t just dive into something just because it is hot or in trend. Be careful when making investments, or else you might lose everything in blink of an eye.

Focus on long term goal
Invest on company you believe that can survive in the long run. Find great investments opportunities, like in condormitels and its sachet business model. Keep in mind that building wealth is not an overnight affair, it’ll demand time and patience.

“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.” – Warren Buffett

Never speculate. The market is constant, there are days it’ll favor your and there are days that it’ll go against you, and that mustn’t cause you to panic. Trust the system and never lose sight of your long term goal.

KISS
Keep it Simple, Stupid!

Stick with simple investment structures. Simple is better, complex is trouble. According to Warren Buffett, in anything you do, understand exactly what you are doing, and the best way to understand everything is when it is simplified and straightforward.

Stay in your circle of competence and never cease to learn. Doing so will lead to the road of success.

3 Major Things to Consider When Buying Affordable Condo in Manila

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If you’re on the lookout for an affordable condo in Manila, here are the 3 major things to consider to get the most value for your money.

space-building-cropped2

Location

When buying a condo, location should be your top priority. It’s best if your condo is located within the main thoroughfare and is easily accessible. Moreover, it should be near malls, drugstores and supermarkets so you wouldn’t have to go far to fulfill your basic necessities.

 

Quality

Knock on the wall and see if the division of your unit is cement or wood. If it is wood, check for the thickness of the wood. Usually, the louder the noise the wood produces, the thinner it is. So watch out. Also, make sure to look through the cabinets of the unit. It is the most basic composition of the condo, so if the developer fails to deliver good quality cabinets, it is more likely that the condo’s quality as a whole is so-so.

 

Leasing Potential

If you’re investing in a condo for rental yields, choose condo near schools since there is a constant demand for space among students. Condormitels— a coined term for condominium, dormitory and hotel in one—have been popular for offering affordable yet quality living among students. The way this works is kind of unique. Every condormitel unit is fully-furnished complete with beds, appliances and cabinets.  It can have 4 occupants per unit, each paying separately.  Since it is targeting students in Manila, the way it is constructed is very reasonable. As for the investors, your income can grow faster with 4 tenants paying you monthly per unit.

 

If you’re one of the many people who would like to invest and earn income from a condormitel, you should definitely check it out here: http://www.major.com.ph/properties/space-condormitel-manila/

 

There are just so many things to take into account before buying that affordable condo you’d just seen around Manila. But make sure that you have assessed your needs and see that whatever the condo is offering fits yours.