Maggi Mee and Spaghetti of Property Investment
We all love to eat a bowl of Maggi Mee whenever we are hungry, it cooks in 2 minutes and we probably finished it just as quick. It taste bland, its bad for you, and it makes you taste less of everything (When you eat food in high salt, high msg your tongue start to accept those things as the standard in “Tasty” and the real tasty delicious natural food taste “Bland” as result) Maggi Mee in my opinion is like “Buy and Flip” that a lot of speculators are doing, going for the short game to cash out quickly.
In my spare time, I like to cook and I don’t mean Maggi Mee. I love Spaghetti Bolognese but it takes longer to cook. To make a delicious plate of Spaghetti Bolognese you need to prepare in advance as the Tomato base sauce need hours to cook, the sauce taste better and better each day after you prepare it. The taste and aroma of the sauce rewards you if you could wait and takes the time to fully “mature”. Spaghetti on the hand represents the investors who took the time to understand the market, make good purchases, and commit to holding it for a long time to realize its full potential.
Don’t just eat Maggi Mee, Eat more Spaghetti
Note to Property Negotiators and Agents
The majority of agents (I refer them as agents even though in the industry the technically correct term is negotiators because most Malaysian have no idea the difference) I met over the years is not investors themselves, which puzzles me as they ones who have the market data with the them, the ones who hit the pavement everyday, the ones who come across deals everyday.
Some agents work for decades but the only thing they owned is the roof over their heads. That’s the only asset they owned. Mind you some of them buy and sell a lot of properties in their career, somehow it didn’t occur to them to keep accumulate income producing properties and build it into ATMs (Automatic Transfer Machines)
Why haven’t they bought something? Some of them did, but because majority of them only do buy and sale, they never fully release potential of the property they buy, but choose to take quick profit. In other words they always makan Maggi Mee.
Property investment is a field with endless possibilities, through my eyes I have witness ordinary folks made something out of nothing. But for property investment to fully mature takes time. Time is your best friend here. Let the magic effect of compounding and inflation do its job. Don’t just buy and sale, hold the property for as long as possible. Ultimately if you want to Enjoy more and Worry Less, you need to create as many ATMs as possible. That means more Spaghetti and less Maggi Mee.
Property Kid.
Always Learning. Always Investing.
