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 pre-invest phobia (i guess)

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whtrader
post Dec 26 2009, 01:35 AM

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Joined: May 2005
From: Mainland, Penang


QUOTE(vdfoo @ Dec 26 2009, 01:12 AM)
i'm about to purchase my first investment unit, i have done enough homework that it tells me it's a good deal. i just cant stop thinking about "what if something goes wrong", i started to get worry what if nobody want to rent my unit (although i have already tried several ways to check the demand of that condo, it's high, and actually the unit is tenanted now anyway). i cant stop thinking if really nobody rent my unit, i really have to eat grass everyday to cover the installment. well u might tell me dont bite more than i can chew...but but no risk no gain right? can you share with me how were u feeling when u first bought ur first investment unit? most importantly how did u overcome the fear?
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In my point of view you should not invest in unit since you are on a margin here. There are other investment vehicle you can explore. Eating grass everyday will destroy you mentally and emotionally.
On how to overcome you emotions. I suggest you draw a flowchart of what will might and can happen. List hopefully all the possibility and you will sleep better at night.

This post has been edited by whtrader: Dec 26 2009, 01:37 AM

 

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