A Lesson in psychocology in the market…

I don’t do property investing with emotion. That is, it’s impossible to turn it off. but it’s the least emotional aspect of my life. I haven’t even been to see two of my properties. I don’t have an emotional reaction to the rent coming in, other than, good, it arrived. Much like you do your wages or salary. You just expect it, because you put the effort in. My houses couldn’t make me cry. I did get some satisfaction from renovating them (by remote control) but even the colour choices weren’t emotional, like what colours do I LOVE? because it was more like, which colour is practical, will appeal to the most people, goes with the most things? What colour can we paint the feature wall to jazz up this bland cream decor? OK, navy blue it is.

I guess, I use other parts of my life for emotional satisfaction. Music, friends, family, fun, travel, sharing ideas, writing. Walking. thinking. Loving. painting. photography. Whatever. But property investing is just a strategy. And strategies aren’t emotional, they’re strategies.

they weigh up things like risk and returns. I certainly didn’t start property investing because i needed some more emotion in my life. i did it because i had some money, i didn’t want to put it on a term deposit, and shares etc bored me and seemed way too time-consuming to bother with, though i did try for a good six months, reading, learning about it -yawn – I have a full-time emotional life and really I – hang on – I just realised that there was emotional satisfaction involved, bill, maybe you have a point –

I think my emotional satisfaction came from going out on a limb and being independent to the ‘herd’ by analysing my own deals, making my own decisions, in the face of opposition, and seeing it working, and my wealth increasing, but not only that – helping others get into it. One friend has already overtaken me and now has 4 IPs (all +ve CF of course!) and is about to buy three more. And i remember being there and helping her put her first offer in. Yeah, that felt good.

Cause in the end it’s all very well to be rich and free, but it’s no fun if you’re all alone and all your friends are broke and still slaves. One wants all ones’ loved ones to come along for the ride. To have people around you to have fun with. There’s the emotion.

Yeah, that’s what the financial independence of property gives me – time and ‘means’ to have happy emotionally satisfying times, rather than having to ‘work’ for earned income just to survive.

mini

Yeah, Pisces, I hear ya.

speculate- highly geared – wanna go fast! Excitement…close to the edge…just gonna go for it! Well, that’s an ’emotional’ description of a type of investor.

I think i’m more of a ‘solid foundation, risk mitigation’ investor and I’m in no rush. i’ll go as fast as I can be bothered to, or as fast as I want to. Or when the good deals scream out to be snapped up. or when the dividends need re-investing. but not really for thrills, i don’t think.

the thrills come when you are reaping extra money from your investments, and you can have fun thinking of emotionally satsfying ways to spend it. Whether that is on yourself, gifts, or charity. or more investments!

Sure it is emotionally satisfying to watch something grow. !

“If one’s commitment is small enough it won’t be likely to cause emotions to come into play.”

So you have assessed my deals as ‘small’? On what basis? Compared to what?
how much is ‘small’? And how much is ‘big’?

>Like in your situation where you don’t owe any money on the properties there is >less (or no) reason to feel fearful.

compared to who? you? An overgeared person who ‘fears’ losing their job?
‘who moved my cheese?’ springs to mind….
Says who? you? Why?

There is never any ‘reason to feel fearful’.
it’s all just a hoax!!! Sure, there might be reasons to read the fine print, do the numbers, move some assets around, change your budget and spending habits, sell, buy, get a good lawyer, eat your greens, watch the traffic carefully, constructive stuff, but fear?

I reckon the only people who want us to fear is politicians and bullies.

but thanks for telling me i have no reason to be fearful. You are right!!
And I’m sure you and the rest of the world, fingers a-wagging, will also be sure to let me know when it’s time i should be fearful. let me guess: a property crash, interest rate rises, terrorist attack, big brother, the tax man, broken toilets in the middle of the night, what your brother’s accountant said, what a current affair said, what the news said, what Today tonight said, what Neil Jenman said, what the stars said, what Pauline hanson said, what whocares say, what the predictions say.

i reckon i’m all but immune now. And i reckon it was breaking that board in two, that did it to me….