Yes, with a reference to several high fliers who lost billions between them. It was not a reference to me.Yes my opinion is of the same. However did even wayne disappear for a while just lately? With a final post "You think you lost money"
Haha! Point taken. But for $5,000, you can buy my e-book, How To Be As Rich As Warren Buffett By The End Of The Month.
When rates drop to 0% I guess you'll be the one who is laughing, MR.Alot strongly believe a term deposit rate at 5.5% is laughable! Maybe they have had it too good?
Yes, I did, but when the present deposits at 7.5% mature, my option to roll over will probably be at 3% or less. This is where MR's 3 year locked in option will look a lot healthier.MR.
i think it was julia who said she had her cash in 3/6 month term deposits, which rotated her availability - which i consider a better approach
Maybe I'm missing something here? If e.g. you had, say $500K in term deposit earning 3% (lucky to get that after RBA cuts rates again on Tuesday)Yes but to beat cash you have to put ALL your cash into trading, a bit risky eh ?
I'm finding it a bit hard to understand what you mean here, Trevor.Self funded retires on the other had.. low interest rates typically = crappy income. When interest rates where high, they were happy, nice income stream, those paying off mortgages, whoa is me... shrug.... turns and round-a-bouts.
Whacko!! How cheap is that for such a reward! Sign me up, Wayne.But for $5,000, you can buy my e-book, How To Be As Rich As Warren Buffett By The End Of The Month.
But if you took just $100K of your $500K and traded it as per my earlier example of 10% per trade profit and did that several times a year, you've already exceeded for just that $100K what you'd be getting on the entire $500K in cash.
I might be missing your point, in which case I'm happy to be corrected.
So you gunna teach me how to make some losses ?
Well, for only an extra $3000, I'll throw in my "You Idiot" file. 547 jam packed pages of amusing and novel ways of losing money. Each pearly anecdote is guaranteed to have you exclaiming the exact self deprecating words of the author - "YOU IDIOT".
hahahahah you didnt get my subtle meaning that i needed a few losses to be as rich as wozza
How is it taking every trade being a winner for granted? Where did I say that?um ..thats taking for granted that EVERY trade you enter is a winner and like you said previously you said that you would not use a stoploss on the likes of BHP that means it only takes FIVE wrong trades to kill this idea in one swoop.
Nowhere have I claimed never to have losses. Don't be bloody silly.personally yet to meet ANY trader that can say they never have a loss and if one is being sincere one would know that losses are part of the game
How is it taking every trade being a winner for granted? Where did I say that?
I haven't specified how many trades per year.
Nowhere have I claimed never to have losses. Don't be bloody silly.
But what matters is that ultimately you have either more wins than losses or the amounts of your wins considerably exceeds that of your losses.
At no stage did I ask for comments.i do apologise if my tone sounds annoyed but geez you asked for comments i gave them , you dont like them TUFF
Maybe I'm missing something here?
I might be missing your point, in which case I'm happy to be corrected.
Don't be bloody silly.
.
correct me if im wrong but a trader can quite comfortably make a 10% gain on his capital in a year with a right know-how, and i would stress MUCH more if he/she knows what he/shes doing.
TRADING IS KING!
There is a tendency for most to want to be seen in a sensible light and by that pretend to have done well. Basically though, to have cash in Australia in the last 6 months was a poor decision, and as I have a lot of mine in Aussies that answers that.
Is Cash still king?
Have any cash? If it’s in a term deposit what term is it on? 3mths or maybe 6?
Either people want to keep their funds not far from reach (to re-enter markets) or (they just haven’t thought that far ahead) I wonder what rates the banks will offer in just 3 months time!
If you are just waiting “short term” to re-enter the markets just be aware there appears to be many of you.... That spells Volatility!
Have you held cash for several years waiting for this moment? Several years ago didn’t you decide not to invest in shares and hold cash “await a crash perhaps” now tempted back in because of the massive drop? Are shares that much lower than when you decided not to buy them “several years ago?” Don’t miss out!
Cash is not King anymore! Don’t miss out! .... Did you think of that yourself? Is a Financial Planner behind it? Financial Planners could have never made everyone rich? What is the use of cash if you don’t use it when the time is right, like NOW!
So the ones who saved some cash or were lucky enough to bail back in September all flood back into the share market sooner rather than later. Maybe finally buy some property as well as its down a little and when interest rates go down property goes up! I'm told! The share market is at the lowest for years. Shares are half price and dividends outweigh bank interest. The charts are looking so attractive, just need a change in direction perhaps!
Another simplistic question which we will all ignore:
Is everyone now anywhere near being out of debt?
The government has not written off a part of everyone’s debt just yet! And I don’t think people have worked it off yet.
You are taking extracts completely out of context. My "happy to be corrected" comment was in response to Mr Burns' remark below:now if thats not inviting comments i dont know what is !
Yes but to beat cash you have to put ALL your cash into trading, a bit risky eh ?
I might be missing your point, in which case I'm happy to be corrected.
IMO this thread is starting to sound like a peeing competition between some of the posters. Every investor would have read or heard at some time that the best investment portfolio is made up of "Cash, Property and Shares".
The idea is that you can change the weighting between the categories as the prevailing economic conditions merit. Right now Gold looks more secure than volatile shares or retracing property prices, so it may be a good cautionary move to rearrange the weighting of your portfolio if you haven't already done so.
However, cash is only returning minimal interest rates. Investing in some of the so called Blue chips paying in excess of 10% yield with 100% franking gets a better return rate on your capital, the only down side being the requirement to 'take the risk' that the share price may fall further in the short term before it recovers in the long term.
Bricks & mortar, dirt, always appreciates with time, the key being location, location, location. And you need to be prepared to hang in for the long term.
The Cany investor that moves his/her portfolio weighting arround as the economic conditions change, will outperform the investors that are reactive rather than proactive.
Time heals all wounds (one way or the other) if you are down in the market, it is likely you will recover, it will just take time.
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