Anyone who is anyone has gotten there because of good investments. Investing in causes, or talents or companies is what makes people rich or famous or both. In my search for greatness I often find myself wondering what I should invest in and what I shouldn’t invest in. What is risk free and what is worth the risk?
Well, recently my mother was in search of a new Aga stove to replace ours. Ours is a really old one that came with the farm when we first bought it sixteen years ago and due to its age it still relies on anthracite as a carbon source. To those of you who are too young to know what anthracite is, it is a type of coal that is known for its high cost and its ability to make a complete mess.
The aim of replacing ours was to ensure that we wouldn’t have to rely on this out-dated carbon source but could still enjoy the pleasures of having an Aga stove. Those of you who haven’t lived with one will never understand the true greatness of the Aga, but just trust me, they are amazing!
Well, a new one, similar to ours costs R 220 000, which is about two thirds of what the farm originally cost us.
This reminded me of something that my dad always used to tell me; property is always a good investment. People are always going to need somewhere to live. There is always going to be a need for property and as the population grows this need becomes greater and the prices therefore rise. In order to lose money on property you have to make a lot of really stupid mistakes and the risk is therefore quite low.
The ultimate investment is one that is low risk, high return, and whilst this seldom occurs, property seems to be one of those things that are fairly bullet-proof.
So one day when I have some money saved up (if I ever stop drinking) I will invest in property and I suggest that you do too.
Either that or buy a stove?
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