With any investment or new business those that get in first stand to make the most.
I tell people all the time about new opportunities, the response from 95% is total disinterest. They only become interested a few years later, but of course prices have then risen. Just like clothes fashions many people take thier cue from the crowd. It can be very lonely being an investor.
You cant blame pioneers for thier good fortune, afterall they can lose on deal to.
Your freind should realise that some of us get very excited by new opportunities and that a byproduct of acting on this enthusiasm can be robust gains.
Take Morocco; Most people think Im nutz buying there. Thier instinctive reaction comes out of fear if the unknown, they cant imagine investing somewhere where 'funny brown men in dresses ride about on Cammels'. They immediately dismiss Morocco as all thier life inputs give them a mental picture of poverty and desert.
I say be open minded and most of all RECOGNISE THAT THINGS CHANGE. Morocco for example is now exporting high tech goods by the bucket load to Western Europe and 97% of kids are now in full time education whereas the figure was just 51% in 1990.
In the end someone has to invest first. Often pure investors have the confidence to stick thier necks out first, and without them many new markets wouldnt get off the ground.
Your freind should perhaps understand the benefits to locals. It is locals that own property who will suddenely find themselves with a modicum of financial wealth perhaps for the first time in thier ancestoral history. That wealth gives tham access to health and education.
|