Speculation Vs Investment - I

Is your “long-term investment” just another form of speculation, asks Debashis Basu

You buy an apartment or a house to live in or to rent it out and earn some income. It may give you great pleasure to check about the resale value from time to time but you have not bought the house to flip it over in a hot property market. (If you tried to do that in 1992, you made a bad investment. Over the...

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