What was your best investment?
An overseas property in Mallorca which we bought off plan and, despite recession, has increased in value by 50% and generated high rental yield.
It’s all about identifying the right product in the right location.
Are wise investors born or made?
They are born with an appetite which is fed and sustained through experience.
What’s the worst investment you’ve ever made?
Injecting funding into a professional consultancy.
What lessons did you learn from your worst investment?
Know when to stop investing and let go. Misplaced emotional attachment to an investment is dangerous, it clouds otherwise sound judgment and can stop you doing what is required at the right time.
It is better to move on with a small loss rather than a large one.
Which sectors are most likely to offer handsome returns for business investors?
The property sector for strong mid- to long-term returns – with rental revenue in student/key worker accommodation in primary Yorkshire cities such as Leeds, Sheffield and York offering especially good returns.
Vida is constantly seeking quality land/property investment opportunities in these areas to promote to our network of investors, especially ones where we can add value through securing planning and effectively managing the design and build.
What was the best piece of investment advice you’ve received?
Do your homework, understand the numbers and avoid trusting in luck.