Time to Invest... In That Sexy Red Dress

Headlines on Australia’s Money Magazine read "Time to Invest", but is this sound advice? Well let’s take a look and compare it with our spending habits as women.

When do we buy that pair of Mollini shoes we’ve been walking past every day that make our legs look long and slender, let’s not forget elegant? Or how about that Alex Perry sexy red dress that just makes us look drop dead gorgeous? Do we buy when it’s full price or do we buy when it’s on sale? Do we buy based on fashion that will last the distance, or are we looking for a quick fix that will make us look stylish for now? Do we buy knowing we can afford it, or do we impulse buy? Well there are three things to consider when investing in anything be it designer shoes and dresses, or property and shares.

1. Are you able to purchase it below market value? Because remember you always want to make money on the way in as well as on the way out! (So when the Sales are on – go for it girls!)

2. Why are you buying? For the purpose of capital growth or for cashflow? Decide why you are buying and structure loans and the entity you purchase in accordingly! (Investing in Fashion that lasts is always money well spent!)

3. Can you afford it? Make sure you’re not buying on impulse! Too many of us get caught up in the emotional buying trap just because something’s cheap. Don’t overcommit yourself. (You don’t want to have to subscribe to Confessions of a Shopaholic!)

Having said that and if you’ve considered the above 3 tips, then there are some amazing opportunities to be had in the current economic climate.

Property is at an all time low in most of the capital cities of Australia and "If you’re looking for property bargains that are positively geared then there are some great deals to be had in Sydney, Melbourne and Hobart" says Australia’s leading property coach Paul Giezekamp of Property Secrets www.propertysecrets.net.au

Shares surprise me in that even though they have gone down considerably, some people are still making money in a down market? "If you know what to do there is still a lot of money to be made in the current market. We focus on educating everyday investors to successfully trade the markets and generate positive cashflow instantly" says creator of The Cashflow Factory Andrew Baxter of Halifax www.thecashflowfactory.com.au

Share Funds are a popular Investment tool that take the headache out of investing however these too have experienced up to a 50% drop in share portfolios recently. "More Australian Investment funds are looking to capital protected share strategies to maximise your profit while minimising your risk and we have been doing this for several years now." Says Justin Beeton of JB Global www.jbglobal.com.au