Very interesting read. I have a mate who sold his commercial property this year. I don't know where he invested the funds. I won't touch the stock market. Businesses have been clobbered by the various governments. City units will suffer a downturn imho. Meh.
What type of commercial did he sell ? Personally commercial real estate is the best asset to generate income. Tenant pays all out goings, you own a tangible asset (usually on a half decent parcel of land) and you get some capital growth. You can easily live modestly off the income and not have to eat into your seed capital. Its my pick, but there is always a but. Expensive to get into in price as well as lending criteria is harder to meet, higher rates, higher deposit and the rest. Timmy
Very interesting reading this thread again. Four years later, the XAO has been jumping up and down around 7800, intetest rates up and gold and silver heading north. Commercial real estate suffered from gov't intervention during C-19. Small businesses closing, large office buildings half full, with no sign of improving. If I had my 30's over again, I would not really know what to do! Timmy it was a retail/small office building. It had been developed into residential/retail.
