Go To Cash or General Forum to Talk about A Guy Called Brett

[Garpal Gumnut]

Time to go to Cash Comrades.

Property going to crap.

1% + loss today on ASX.

October.

Time to go to Cash Comrades.

 

[satanoperca]

To late for those heavily invested in property (secured by debt) but for those in shares, they can get out quickly.

Watch the banks! They fall, all goes to ****

Must change by moniker, GFC 2 for Aus is at the door

 

[sptrawler]

Time to go to Cash Comrades.

Property going to crap.

1% + loss today on ASX.

October.

Time to go to Cash Comrades.

What do you think GG, the recession we have to have again?

By the way, who the $#%* is Brett?

 

[PZ99]

What do you think GG, the recession we have to have again?

By the way, who the $#%* is Brett?

I think he's saying it's time for a Brett-sit on your cash

 

[Garpal Gumnut]

What do you think GG, the recession we have to have again?

By the way, who the $#%* is Brett?

I think he's saying it's time for a Brett-sit on your cash

Brett I believe is a judge in the USA who has climbed the slipper pole only to find his knees covered in unused condoms and crushed Pabst cans. The chappies in the General Forum are getting off on him for some reason. Now back to money.

It is time I believe to be 50% Shares. 50% Cash. 0% Property or REIT.

gg

 

[sptrawler]

It is time I believe to be 50% Shares. 50% Cash. 0% Property or REIT.

gg

That is pretty close to where I'm at maybe 40% cash 60% shares. But I really don't want to offload the banks, maybe pick up a few more. As you say, things are certainly at a tipping point.

 

[So_Cynical]

On the property subject, AustSuper are changing the rules on their 'property' investment option, they are introducing the ability to freeze redemption's and investment choice switching out of property.

https://www.australiansuper.com/-/m...dviser-resources/misc/Property Option SEN.pdf

Extraordinary - the last we heard of something like this was 2009.

 

[sptrawler]

On the property subject, AustSuper are changing the rules on their 'property' investment option, they are introducing the ability to freeze redemption's and investment choice switching out of property.

https://www.australiansuper.com/-/media/australian-super/files/campaigns/adviser-resources/misc/Property Option SEN.pdf

Extraordinary - the last we heard of something like this was 2009.

That is an amazing post Cynical, well done, australian super being probably the biggest Industry Fund, has obviously been given a heads up.
The property bubble will be well and truly popped, by the sound of it.

 

[Smurf1976]

My assessment of the international situation is that the US markets won’t likely top out for another year or so.

That’s based on the overall economic situation not anything specific and doesn’t preclude a decent correction in the meantime.

Here in Australia, well the whole property / credit bubble does mean we’re not in a particularly good position.

 

[Triple B]

so a good time to start looking at investment properties with an eye to buy at the bottom? if you can borrow that is.

 

[So_Cynical]

That is an amazing post Cynical, well done, australian super being probably the biggest Industry Fund, has obviously been given a heads up.
The property bubble will be well and truly popped, by the sound of it.

Im stunned that no one is reporting it, AustSuper has hit the panic button, 130B FUM with i imagine 10% in direct property so 13B, by forcing members over to the balanced option they can vary the % exposure of the balanced and conservative balanced options to property, thus soak up the losses.

 

[Darc Knight]

You're now my Guru @Garpal Gumnut , are we waiting for a Correction or a Crash?
And how long must I wait for a Crash?
Many thanks.

DK.

 

[Smurf1976]

AustSuper has hit the panic button, 130B FUM with i imagine 10% in direct property so 13B, by forcing members over to the balanced option they can vary the % exposure of the balanced and conservative balanced options to property, thus soak up the losses.

That is an extremely worrying development.

If I had any funds with this company then I’d be transferring them elsewhere ASAP no matter what my preferred investment option.

 

[Garpal Gumnut]

You're now my Guru @Garpal Gumnut , are we waiting for a Correction or a Crash?
And how long must I wait for a Crash?
Many thanks.

DK.

If it were so simple DK.

Good questions though.

Cash is always king, if in a location that won't go bust, e.g. CBA or the other Aussie banks.

My charts tell me we may be looking at a trading range on the ASX.

So buy in panic and sell on optimism.

gg

 

[satanoperca]

What is the definition of both these terms in regards to the ASX and Australian Property Prices.

For me it is the same for both :
Correction 10-20% from peak - uncomfortable but the bulk can get through
Crash 21-50% from peak - the majority have sh--t their pants and it stinks, not going to be cleaned up quickly
I going to live in a cave 51% > - more worried about safety than my investment portfolio

 

[explod]

Interesting GG that you activated this thread just days prior to increased market insecurity.

Just noticed the thread as I was absorbing the following.


An Economic 9/11 Approaches

Outsider Club <newsletter@outsiderclub.com

https://mail.google.com/mail/ca/u/0/#inbox/FMfcgxvzLDqnmwpBHhngsZKgqvMkbbSM Sorry greggles, it worked on site for me. However ive deleted and re pasted

 

[greggles]

Just noticed the thread as I was absorbing the following.


An Economic 9/11 Approaches

Outsider Club <newsletter@outsiderclub.com

https://mail.google.com/mail/ca/u/0/#inbox/FMfcgxvzLDqnmwpBHhngsZKgqvMkbbSM

Link doesn't work explod. Can you attach to post please mate.

 

[explod]

Try this:-

https://secure.outsiderclub.com/o/w...c8ae8eebe5495f9133bcbc4a7b4a1&utm_referrer=64

 

[CanOz]

Oh dear explod, same ole fear sells doesn't it....

I must say though it's about time gold got a bid!

 

[Smurf1976]

I going to live in a cave 51% > - more worried about safety than my investment portfolio

I wonder how common that thinking is?

Should we add caves to our portfolio?
They’ll gain value if everyone wants one.

Any cave companies on the ASX?