How to Adapt Your Investing Strategy to Changing Market Conditions

One of the greatest lessons Simon’s learned during his journey as a property investor is that you need to adapt your strategy depending on the market at the time. If anything, the recent situation in the world has shown us how vital it is to be able to pivot depending on the conditions out there.   In this week’s show, Simon talks through the importance of adapting your strategy, when you need to do it, and most importantly, how!      KEY TAKEAWAYS   When purchasing a property through auction, we must be devoid of emotional connection. Set a target, and if the price exceeds that target, then stop bidding.   Beginning with one strategy at the beginning of his journey, Simon soon learned the value in expanding his knowledge, and subsequently his arsenal of strategies, allowing him to engage in multiple deals at once.   Markets sometimes collapse, meaning whole avenues of revenue are suddenly closed. It’s vital to have several pathways to investment to fall back on in these cases.   Don’t be afraid to strengthen your portfolio by selling low revenue-generating properties and re-investing the money in higher revenue-generating ones.   In times of financial trouble, people will always want to save money. Cohabiting is ideal for this, as the costs are lower, so HMOs might be an effective strategy if recession hits.   BEST MOMENTS   ‘You don’t know what you don’t know’   ‘Recognise that change is going to happen’   ‘By selling one property a year, you could make £24,000 of tax-free income!’   ’Some of the most successful businesses in the world were created in times of recession’   VALUABLE RESOURCES   Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi   iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2   Register at Mindset For Property at - www.mindsetforproperty.co.uk    PIN Meeting - www.pinmeeting.co.uk (Use ZUTSHI as your voucher code to get your first meeting for free)   ABOUT THE HOST   Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.   Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.   CONTACT METHOD   Contact and follow Simon here:   Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/