Be fair Randy achieved a 100% return every year for 20 years, owned over 50 properties and was a top athlete. Give credit where it is dueOriginal Post Deleted
I have to say his comment on market rental yields having a constant spread from long term treasury yields is an interesting one. I'm going to calculate the correlation coefficient between them using historical data when I have some time.Original Post Deleted
Original Post Deleted
Randy was recommending the Link Reit back in 2011. Anyone who followed that advice would be pretty pleased with themselves now I reckon:
https://geoexpat.com/forum/155/thread210490-2.html
https://geoexpat.com/forum/135/thread192985-2.html
https://geoexpat.com/forum/155/thread202253.html
Since that time the stock price has doubled, nice regular dividends were paid each half year, and the HKD as strengthened.
Hmmm. Wait a minute ... the two occasions when the biggest spreads existed were the exact two occasions when (in hindsight) it was the best time to buy property in HK. You might just be onto something here jrkob ...Original Post Deleted
Who cares what he claims. It's not like the field of forecast analysis has any credibility to begin with.Original Post Deleted
https://www.economist.com/news/finan...istently-wrong
Not sure whether he was bragging or not. That’s not really relevant. What is relevant is that he was right.Original Post Deleted
As as for when he made these predictions here is a very good quote worth revisiting:
https://geoexpat.com/forum/155/thread179497-13.html
Here’s the quote verbatim from 2011:
“There really is free money out there for the grabbing with rates and investment returns being the way they are. You guys who keep saying property will fall sounds like the chicken who kept saying the sky is
falling.
Look at the reality and consider the
facts. We are only just emerging from a
severe economic crisis. China, with a
billion plus people is awash with cash. Outlook for rates in
Kong is very low for the foreseeable future. For many expats in HK earning an ok salary with the ability to get leverage and finance this is a golden opportunity to make some great money.
I am actually very conservative with any investment I make. I have a track record of continuously making the right calls over the last 20 years. The key is to be critical but also objective. The big picture is simple. USA will keep printing money and rates low. China
and Asia will keep booming. HK rates will stay low for some time and HK property will boom. If you think prices are high now you ain't seen nothing yet. You will look back in a few years and be amazed.”