hardwood wrote:the deal wrote:@maka the problem with fixed income is inflation...
Due to inflation, after 20yrs maka's 10m investment will be worth 5m in real terms while mugundaman's will be at 50m.
It's a no brainer, baba. Maka is
very smart about liquid assets. I can attest to that from the bonds thread. In fact I would argue that he is almost close to the top of any I have "met" hapa Wazoo IMHO. I too also once used to think like him (about liquid assets) many many years ago. Until I saw it happen over and over and over again over many years ....very ordinary fellows walking away with as much as 10,000% returns over a decade in the
red hawtt sector that is the subject of this thread . At that point enough was enough and we had to get with the programme fast! There is simply no comparison whatsoever.
Not even by a light year, of returns of the R.E Sector in Kenya vis-a-vis any other asset class. Simple economics of supply lagging demand badly that I've been harping about all along explains why. But of course, as always, to each their own! Nobody should feel like a gun is being shoved down their throat to buy real estate
It's a free country!