Follow the ones who have made it. Simple strategy.

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Wealth creation is a goal for everyone. Especially those who have this word ‘investment’ in their mind all the time. Over 15 years ago, when I first started my property investment journey, there were very few sites / speakers to read / follow. In fact there were just three which I read then. Dr. Renesial Leong, Dr. Azizi Ali and Milan Doshi. If you are new, buy their books and read. Still as informative as ever because property investment is a long term decision. Not the buy today and sell tomorrow kind of thingy. As for the Ultra High Net Worth Individuals (UNHWI), here’s what the Attitudes Survey by Knight Frank has to tell about them. Very good nuggets of what they do to continue building wealth.

Article in nst.com.my here. UHNWIs are persons with over US$30 million (RM124.16 million) in net worth. (Net worth means what we have minus all our debts). The following are findings from The Attitudes Survey by Knight Frank. It says that most of the world’s ultra-rich population are in world-class cities. London has the largest UHNWI population, with 4,944 ultra-rich residents as at end-2018, while Madrid and Munich are the two fastest-growing cities in Europe. The survey also showed that real estate makes up 23 per cent of UHNWI portfolios in Asia. This is higher than the global average of 21 per cent. In 2019, about 28 per cent of the survey respondents in Asia said they would be increasing their exposure to property, 42 per cent would maintain the same allocation, while 20 per cent would decrease their exposure – showing some profit-taking in some markets. Knight Frank Malaysia executive director for capital Markets, James Buckley, said: “There is a lower correlation between real estate and the public markets, thus property is well-positioned to weather downturns and is an opportunity to diversify and reduce volatility in the investor’s overall portfolio.” Article in nst.com.my here.

Okay, the UNHWI has real estate as a huge part of their portfolio. How are we with our investment portfolio? Perhaps this is the best time to benchmark them. I mean, it’s easy to do as well. Of course, the amount they have and the amount we have are significantly different. However, perhaps we could at least put in 30% of our income into property perhaps? Usually, if we did not simply spend what we earn, the banks will approve our loan if it’s just 30% of our income per month. By the way, if these UNHWIs are spending way above what they have, very soon, they will also lose their UNHWI status too. If they did not, it’s time to do what they do yeah. Follow the ones who have made it. Simple strategy. Happy following.

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<Featured Image is courtesy of Stock Photos from Sira Anamwong >

Article written and edited by Charles. News article summarised by Dina Batrisyia.

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