Market update
Interesting things are starting to happen within the property market and the October price indexes paint a very mixed and confusing picture.
The Halifax house price index has reported an overall decrease of 0.5% for the month, commenting Martin Ellis, Chief Economist said: "A mixed pattern of monthly price rises and falls is a typical feature of a more subdued housing market. It is not unusual to see successive monthly falls in these circumstances".
Backing up the Halifax findings the Hometrack survey also reported a fall, but at just 0.1% this really is negligible. Hometrack have not recorded a gain in house prices for 3 months, indicating that the market is currently at a standstill.
However, in stark contrast the Nationwide has reported that its survey of house prices revealed surprising growth of 1.1% during October although it is expected that this will fall back next month to a more subdued growth figure.
So is an interest rate reduction possible before Christmas? Let us know your thoughts by completing our 60 second on line survey, you may even win a bottle of Champagne. www.propertyforlife.com/survey
What are you doing with your time
Without time, there wouldn't be any investors. Investors are basically people who make money through time by securing good assets.
So how do we value our time as investors?
"When you make a mistake, don't look back at it long. Take the reason of the thing into your mind, and then look forward. Mistakes are lessons of wisdom. The past cannot be changed. The future is yet in your power." - Phyllis Bottome 1884-1963, Novelist and Lecturer
"It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome." - William James 1842-1910, Psychologist, Professor and Author
Overcoming buyers remorse
When you buy or sell your house or investment, there is an unexpected surprise that is thrown in for free. It's called buyer's and seller's remorse. Call it a lingering feeling, but it can throw shadows of self-doubt which drag down the overwhelming relief and excitement of making a brilliant purchase or sale.
Familiar with it? Rest assured you're not on your own.
"So what do we do? Anything - something. So long as we don't just sit there. If we screw it up, start over. Try something else. If we wait until we've satisfied all the uncertainties, it may be too late." - Lee Iacocca, Former Chairman of Chrysler Corporation
"When you paint success pictures in your mind, you initiate an inner process whereby your attitudes, hopes, aspirations, and enthusiasm are elevated in response to an image of a more promising future. Every person who aspires must first sell themselves hope, the promise of a better life." - U.S. Andersen, Author and Speaker
Seven qualities of master achievers by Brian Tracy
If you think the way successful people think and adopt their success habits, you too can be successful.
Here are seven qualities of the top 1% of successful people.
Philosophies on life
- I don't do drugs. I get the same effect just standing up fast.
- I live in my own little world. But it's OK. They know me here.
- If flying is so safe, why do they call the airport the terminal?
- I don't approve of political jokes. I've seen too many of them get elected.
- I love being married. It's so great to find that one special person you want to annoy for the rest of your life.
- I am a nobody, and nobody is perfect; therefore, I am perfect.
- Everyday I beat my own previous record for number of consecutive days I have stayed alive.
- Snowmen fall from Heaven unassembled.
- A good friend will come and bail you out of jail...but, a true Friend will be sitting next to you saying, "Damn.that was fun!"
- I signed up for an exercise class and was told to wear loose-fitting clothing. If I had any loose-fitting clothing, I wouldn't have signed up in the first place!
- Wouldn't it be nice if whenever we messed up our life we could Simply press 'Ctrl Alt Delete' and start all over?
- Stress is when you wake up screaming and then you realize you haven't fallen asleep yet.
- My wife says I never listen to her (at least I think that's what she said).
- Just remember...if the world didn't suck, we'd all fall off.
- Wouldn't you know it...Brain cells come and brain cells go, but FAT cells live forever.
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What are you doing with your time? Overcoming buyers remorse Seven qualities of master achievers Lighten up . Philosophies on life
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