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Forget the Soft Landing, Aim for High Altitude

Dec 12, 2007
There is an element of a gamble in whatever we do. Whether it is buying foreign currency or property, crossing the road, driving a car, betting the horses, or even getting married!

In each case, the aim is to be a winner and successfully accomplish the task aimed at. Yet many think, that it is not what you win, but what you do not lose as the best policy to follow.

Applying this attitude to foreign currency buying or property acquisition is fine if you belong to the dilly-dally brigade who wait for the best time to act. The trouble is that to them, like to an old spinster, the best time always arrives too late.

A friend of mine plays the horses. As soon as he places a bet he is convinced he backed the wrong horse. After losing a couple of times, his only concern is to try and get his money back. The soft landing plan comes into operation, and any thought of a will to win is not even contemplated.

Nobody is perfect, and nobody can be a winner all the time. When under pressure, with luck not in your corner, it is imperative to start again and build what might have been damaged, by taking proper advice to get out of trouble.

The realtor knows the property game and will guide you to find the right house for you quicker than you are likely. The foreign currency exchange office will strive to get you the best currency rates. Like for a good football team, it needs a good manager and this is the key to making money. Successful people do not wait too long for things to happen. More often than not, they make them happen by selecting the right people to help.

To be adventurous may not be always prudent, but being inactive and drifting with the tide, is an unlikely way to reach the road to riches particularly in the currency and property business where usually substantial amounts of money are involved.

Taking action when things look tricky, often made millionaires. Somehow, there seems to be an air of opportunity looming in the shadows for the currency and the property trade especially in USA, with the dollar low to a basket of currencies like the pound, and the housing so attractively priced, albeit that on paper it may not look quite that way right now.

But then, how many times have we heard people say they wished they had the pluck to step in at a time when buying looked so attractive but missed the bus!
About the Author
Paul Dubsky is director of Foreign Currency Exchange Services Ltd. The company is focused on being able to offer really friendly currency exchange rates. We believe we are the only Foreign Currency Exchange company which offers special rates to Senior Citizens.
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