Dubai Housing Prices Tumble To 2008 Levels
#46
Re: Dubai Housing Prices Tumble To 2008 Levels
Id rather be the broker in all of this and take a nice sizeable commission/spread and feed you "highly advanced research" in order for you to churn your accounts !
#47
Re: Dubai Housing Prices Tumble To 2008 Levels
In my line of work we always try and avoid mediated deals. They usually only work only for two people: the seller and the broker.
#48
Account Closed
Joined: Feb 2011
Posts: 0
Re: Dubai Housing Prices Tumble To 2008 Levels
Thing is, you only lose if you sell at a loss. Holding isn't losing.
#49
Re: Dubai Housing Prices Tumble To 2008 Levels
I've sold at a headline loss and come out completely clean. No gain, no loss, money back. That's proper investment structuring - manage the downsides and the upside will take care of itself.
#50
Account Closed
Joined: Feb 2011
Posts: 0
Re: Dubai Housing Prices Tumble To 2008 Levels
Sometimes you just have to step back, look at yourself in the mirror, realise you're a demi-God and accept that you've won at life already. That's how I play it anyway.
#53
Re: Dubai Housing Prices Tumble To 2008 Levels
Using the dice rolling analogy... where 1 is a loss, 3 is break even, 6 is a great deal, of the deals done in our current fund, we have:
3 (which we thought would be a 6 but we didn't lose anything so all good),
6 (which I thought would be a three - all down to luck),
1 (which I think will be a one, but others think it will be a five/six)
3 (which I think will be a three, but others think it will be a two)
3/4 (which I think will be a three/four, others agree)
5 (which I think will be a three)
So you can see - in a standard fund we expect to lose on one, make out on two, and break even on three. That's how it rolls in reality - anyone who tells you otherwise is lying. We have one deal that is a swing deal which will basically make us kings, or just above average. If we stay on this track we will be one of the best performing regional funds, but note, it is a very low bar.
#54
Account Closed
Joined: Feb 2011
Posts: 0
Re: Dubai Housing Prices Tumble To 2008 Levels
Nah, it's a fairly standard provision we negotiated - but the principle is right, when you invest you should look at all the possible ways you will lose the money and try and mitigate as many of them as possible. Most people only look at the ways it will make them rich.
Using the dice rolling analogy... where 1 is a loss, 3 is break even, 6 is a great deal, of the deals done in our current fund, we have:
3 (which we thought would be a 6 but we didn't lose anything so all good),
6 (which I thought would be a three - all down to luck),
1 (which I think will be a one, but others think it will be a five/six)
3 (which I think will be a three, but others think it will be a two)
3/4 (which I think will be a three/four, others agree)
5 (which I think will be a three)
So you can see - in a standard fund we expect to lose on one, make out on two, and break even on three. That's how it rolls in reality - anyone who tells you otherwise is lying. We have one deal that is a swing deal which will basically make us kings, or just above average. If we stay on this track we will be one of the best performing regional funds, but note, it is a very low bar.
Using the dice rolling analogy... where 1 is a loss, 3 is break even, 6 is a great deal, of the deals done in our current fund, we have:
3 (which we thought would be a 6 but we didn't lose anything so all good),
6 (which I thought would be a three - all down to luck),
1 (which I think will be a one, but others think it will be a five/six)
3 (which I think will be a three, but others think it will be a two)
3/4 (which I think will be a three/four, others agree)
5 (which I think will be a three)
So you can see - in a standard fund we expect to lose on one, make out on two, and break even on three. That's how it rolls in reality - anyone who tells you otherwise is lying. We have one deal that is a swing deal which will basically make us kings, or just above average. If we stay on this track we will be one of the best performing regional funds, but note, it is a very low bar.
#55
Re: Dubai Housing Prices Tumble To 2008 Levels
#56
Account Closed
Joined: Feb 2011
Posts: 0
Re: Dubai Housing Prices Tumble To 2008 Levels
Actually, we try and do both. The portfolio affect as well as individual risk mitigation... for instance, the first deal which we thought was a six, was almost nearly a one. We got a three due to us spotting a misalignment of interests risk and negotiating a provision to protect us for it. Kind of like weighting the dice a bit in your favor.
#60
Forum Regular
Joined: May 2017
Posts: 198
Re: Dubai Housing Prices Tumble To 2008 Levels
The true "guru" knows that long term success is less about the picks and all about a staking plan that can withstand variance.