NORTH PORT, Fla., Sept. 19, 2013 /PRNewswire/ -- According to Forex Peace Army CEO Dmitri Chavkerov, though counterintuitive, spreading one's assets among world's major currencies could be much safer that investing it in physical assets such as real estate.
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Real estate is often looked upon as the most reliable, solid and easy investment option that helps one to make quick, big bucks in a short span of time. Real estate investment, though it sounds attractive and perfect, has its own ups and downs, however.
"Real estate investment is not really a form of investment, but a job," says Dmitri Chavkerov, CEO of Forex Peace Army, a world renowned online forex trade platform. Real estate may bring in some amount of profit but it is definitely a burden on the owner. It is more of a job rather than an investment option and the owner needs to be well-informed about current real estate market conditions and new rules and regulations pertaining to the field.
According to Chavkerov, maintenance is one of the biggest disadvantages when it comes to real estate structures. Owning a structure can eat up a lot of time and effort on maintenance. Also, it needs to be understood that it is not easy to sell off a property. Real estate investors are enslaved by their properties and a lot of time is consumed in unproductive activities which in turn bring down the efficiency levels. People feel secure about physical assets but they realize their fault in due course of time. Physical assets are bonding and turn out to be a huge responsibility.
Dmitri Chavkerov and his company Forex Peace Army have been helping people learn to trade forex for over 8 years now. Forex Peace Army provides traders regular updates and news on forex trading that help gain an upper hand in the highly competitive field.
"Remember one thing: everything you buy that's physical requires maintenance. And the maintenance is not only physical, but also mental. Every single thing you own occupies a space in your mind, and your thinking becomes less efficient. You must eliminate all of the useless things from your life. Give them away, throw them away, the fewer useless things you have, the more efficiently your mind will operate, and abundance gets attracted to efficiency, and avoids all inefficiencies. If you are a pack-rat, or in other terms if you suffer from compulsive hoarding, it will greatly slow down your financial progress," says Dmitri Chavkerov.
Forex Peace Army offers first-hand information about forex trading and guides traders about real-time trading opportunities. It explores various investment options and helps traders gain insight over the prevailing market conditions.
Dmitri Chavkerov advises forex traders that are seeking to live a free life with minimal headaches not to invest their hard-earned money from forex trading into investments such as real estate, unless it's simply a bare piece of land. It is best to use the money over reliable investment options that show prospects of good returns. He says, "You should consider keeping your savings in digital assets, not physical. Our ignorant minds think that physical is safer, but it's not always the case. Nobody can vandalize your digital savings but yourself. Physical assets will enslave you. Real estate can be a profitable job, but not a way to invest and remain free."
The homeowners in the US experienced increased foreclosure rates in 2006 to 2007 and this led to the bursting of the house bubble, paving way to credit crisis and recession in the United States. The US Government then came out with limited bailout for homeowners who were not able to pay their mortgage debts. During this period, the real estate market went down and those who invested in real estate faced heavy losses.
According to Dmitri Chavkerov, capital is best preserved by spreading it around gold, silver and major currencies. It is not always wise to invest in real estate and stocks as they could be riskier in many fronts. Use a calculative approach, go with a sturdy plan and understand the nuances of successful investments. It requires time and practice but can be mastered with consistent efforts.
"Invest your savings only into major currencies, gold, and silver. Do not invest it into stocks. Do not invest it into real estate. Do not open forex trading accounts with it. Stocks are risky. Look at one of the most liquid stocks AIG. In 2008, it was trading at around $1,500, just 2 years later it was trading at around $40. Real estate is safer, but it's not liquid enough," says Dmitri Chavkerov.
SOURCE Forex Peace Army
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