Both property and shares are growth assets and can serve you well in creating wealth. What you need to be careful about is that you invest (chase long term value) rather than speculate (chase price movements). Rather than writing ‘War and Peace’ about the difference, check out what I’ve written on this topic in the past – it’s called Hitchhiker’s Guide to Investing - http://humbleinvestors.com.au/hitchhikers-guide-investing/ and it describes the difference as well as other important issues.
But to answer your question, there’s never a ‘right time to invest’ in something. What you want to hear is how to time the markets. The problem with that concept is that you have to be right twice – you have to get in at the right time and get out at the right time, which is ,of course, not only impossible to do, but it’s a recipe for going broke.
The tax you’ll end up paying (or not paying) as you go, will depend on tax environment you’ll invest in and your investment objectives (if you’re investing for growth or income, or both).
The best thing you can do is to seek a quality financial coach who will start at the beginning with you – why you want to invest, what’s the end result you’re after, then design a structure around how to achieve your life goals step by step.
By Michal Bodi AFP®