Property investment????

Few days before, I went to listen to a talk on property investment.. Well, it was quite intersting at first sight. However, I do not agree with the idea of getting a mortgage loan to invest on property.. They said that the you will never be working again.. you just need to come out with 10% of your own money, the rest is loan and other ppl will pay the loan for you. However, personally, I think that it is too risky to do that la..

Money is like water, it can float a boat, it can also sink one.. (chinese proverb) So is loan.. It could be beneficial at some point. But I personally do not agree to encourage ppl to take loan that easily. Where is the loan come from?? You really think the bank got so much money to lend everyone?? The money come from the ppl who save their money into the accounts. And bank use loan as a type of investments to ensure that bank can operate, and to provide financial service for ppl. Think about it, that if everyone borrow money from the bank and unable to return it and announce bankrupcy, then how are the banks going to give out money when ppl want to withdraw money from their savings??

Well, a country will probably try to secure the bank as to stablelize the economy, then our country currency will definitely drop and economy will go down.. Then who will suffer??

And to property, well, as the ppl do not have money to pay the loan, the bank will have to lelong it, then the price will surely go down.. In this kind of situation, more and more ppl will suffer.. Not counting in the unemployment problems yet..

So, still I think it is good to invest our money.. But I think we should definitely be aware that it is within our capability. Judgement is very important.. Invest so that you will never have to work again?? No way.. Working is part of our lives.. And strongly think that if you are a lazy person to work, well, you will definitely fail in investment as well as investment is not just a one day job that it requires continous monitoring and information gathering..

Never work again?? Haha.. Advertisement..