Tuesday, September 20, 2011

To buy a house or to buy a business? (risk)

Some people might wonder which is a better investment: house or business.

I guess the thing to ask yourself it the level of risk you are willing to take, the amount of time you are willing to spend and the knowledge you already possess.

In terms of risk, for the people who are risk averse, it is better to get a house in general as you are bound to get a decent return in most investments held in the long run. For the person who are more of a risk taker, it would be better to get a business as you have some control of how much you can potentially earn.