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Invest to learn?

Veteran international investor John Corey comments

A Chinese proverb comes to mind: ‘A journey of a thousand li starts beneath one’s feet’. A version which is more common in the west goes like this. ‘A journey of a thousand miles starts with the first step’. In some way, forget about how you will get there and take the first step. Get moving rather than waste too much time getting ready. Minimum Viable Product (MVP) also spring to mind if you are used to tech-sector start up lingo.

Having spoken to many people just starting out, property investing can be very confusing to the inexperienced. Lots of detail, many alternative strategies and high financial risks given the price of a property.

At the same time, all of us have lived in a home. We tend to know a fair amount about what makes a home function. Some of us even perform a lot of the maintenance (DIY). If you already have bought or sold a home, you have a leg up as you at least know the paperwork involved.

Analysis paralysis?
When a child reaches school age, they go to school. All of us have experienced this as we grew up. We are indoctrinated into the process of learning from a teacher. We have books to read, homework to do and rules to follow so we can progress. For the most part, it works. Yes, we might argue about how education could be improved.

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