|
|
If one is given a million pesos to invest over a period of thirty years without withdrawal, more often the most likely asset to be chosen is real estate. No stock or bond can approximate the investment return that land can realize over a long-term horizon. In the Philippine stock market the index is back to where it was in the late eighties whereas bonds average less than 12% per annum. Real estate values, however, grew by leaps and bounds especially in the early nineties such that annualized returns where known to hit over 15%. Its intrinsic value is especially appreciated in periods of inflation and economic slowdown.
|
