whats the point of this kind of comment FF??
and Who the hell are you anyway????
if you can't show respect to fellow ASFers I suggest you go post on HC.
House prices to stagnate for 'years'
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whats the point of this kind of comment FF??
and Who the hell are you anyway????
if you can't show respect to fellow ASFers I suggest you go post on HC.
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hey he was slanging people who have saved there money
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Which ever assets their own research and opinions tell them will perform the best.
I think that 'Spending less than you earn" and 'Investing the difference" is more important than trying to time and second guess the market.
For instance if you bought toll shares 10 years and about 3 stock spilts ago it doesn't really matter if you timed the market and bought at $1.90 or you over paid and bought in at $2.90 a share you would be sitting pretty right now,... even though there has been some ups and downs you still would be worth over $40 per share by now.
If your saving $100 a week every week and investing it throughout gloom and boom in a range of asset classes I don't think you can go wrong. I don't really believe in trying to time markets I don't trade the bulk of my portfolio.
I probably only trade less than 10% of my holdings, the rest are buy and hold.
If my stocks go down in this slump It doesn't really phase me I am purchasing about $1000 a month every month, so I will pick the stock out of my portfolio that is the best value and increase my holdings,
numbercruncher
Beware of Dropbears
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Im continually amazed at the amount of people who give no credit to timing.
To me timing is 100pc of everything and is responsible for 80pc of my net worth.
Each to their own strategys though, be a boring world if we all thought the same
To me timing is 100pc of everything and is responsible for 80pc of my net worth.
Each to their own strategys though, be a boring world if we all thought the same
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hey FF you goose your money also depreciates year on year its called inflation champ at least house prices generally go up over time 
By the time you stick your 50 dollar life saving into a bank decrease its value from inflation, payed tax on the meger profit you get from interest and pay bank fees you will undoubtedly be the same if not worse off than investing in real estate.
at least house prices generally go up over time By the time you stick your 50 dollar life saving into a bank decrease its value from inflation, payed tax on the meger profit you get from interest and pay bank fees you will undoubtedly be the same if not worse off than investing in real estate.
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Im continually amazed at the amount of people who give no credit to timing.
To me timing is 100pc of everything and is responsible for 80pc of my net worth.
Each to their own strategys though, be a boring world if we all thought the same
Of course there is massive gains to be made if you always timed everything perfectly.
The main point I was trying to get across is that I feel that it is the mindset of spending less than you earn that is the main wealth creator.
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hey FF you goose your money also depreciates year on year its called inflation champ
Goose? hey I would rrather have money in the bank short term than in realestate that is depreciating. Then buy when it is low. Who would be the goose then lol
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Brisbanes Booming,.... you'd be fool to have cash at bank.
numbercruncher
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Thats the most hailarious thing I have read all year
why
numbercruncher
Beware of Dropbears
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Belittling people who choose to be in cash during a stock market crash.
Im not sitting here calling you a fool for being fully invested in an over priced RE market, even if I am thinking it.
Good luck with your Investing !
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Belittling people who choose to be in cash during a stock market crash.
Im not sitting here calling you a fool for being fully invested in an over priced RE market, even if I am thinking it.
Good luck with your Investing !
I was reponding to the following comment by FF
Goose? hey I would rrather have money in the bank short term than in realestate that is depreciating. Then buy when it is low. Who would be the goose then lol
The brisbane property market is the second cheapest capital city property market in Australia, so I don't believe it is over priced, and the fact that there is so much activity and it's performing so strongly, I don't think that you have to be a "goose" to invest there
I wasn't belittleing people for holding cash rather than investing in the stockmarket, I was just trying to piont out that realestate in brisbane is not dropping, so if you were holding cash waiting for brisbane to drop I would call you a fool at the moment.
numbercruncher
Beware of Dropbears
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Realestate hasnt had a chance to drop yet, its not instant like the market ....
Got any price data or clearance rates for this year so far ? come to think about it havnt heard a word from the Australian realestate crowds this year, maybe they are thinking if they stay quiet nooone will notice them ?
Realestate growth is no longer safe, look at the markets, ask yourself where has the money come from to facilitate booming property the last few years.
Got any price data or clearance rates for this year so far ? come to think about it havnt heard a word from the Australian realestate crowds this year, maybe they are thinking if they stay quiet nooone will notice them ?
Realestate growth is no longer safe, look at the markets, ask yourself where has the money come from to facilitate booming property the last few years.
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Realestate hasnt had a chance to drop yet, its not instant like the market ....
Got any price data or clearance rates for this year so far ? come to think about it havnt heard a word from the Australian realestate crowds this year, maybe they are thinking if they stay quiet nooone will notice them ?
Realestate growth is no longer safe, look at the markets, ask yourself where has the money come from to facilitate booming property the last few years.
I just came back fom spending 2 weeks in brisbane, and i am very pleased with what I am seeing in the area i invest in there, it is performing very strongly.
however like any asset class there is always some sectors out performing others,.... do I realy care if sydney property drops, offcoarse not, I am only focused on the market I invest in.
And yes I am very confident that my areas of brisbane will continue to perform well this year.
My brother in law is a real estate agent in the market I invest in and his biggest problem at the moment is finding enough properties to sell, he simply can't list them as fast as they are selling.
tech/a
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Tyson's on the money in my view.
Most of the money if not all of it came from increased equity in peoples homes followed by bank loans.
Its crazy to lump every Property investor as overweighted and under capitalised.
There are good and bad property investors just as there are Traders/investors.
The arguments presented here are pointless,how people .are geared and how they invest in property isn't for public scrutiny.Forming an opinion based on in sufficient data is not possible.
We all live by our convictions and only we as individuals know if our plans and strategies are successful for us.
There are positive strategies in all investments,regardless of market conditions,perceived or factual.
Most of the money if not all of it came from increased equity in peoples homes followed by bank loans.
Its crazy to lump every Property investor as overweighted and under capitalised.
There are good and bad property investors just as there are Traders/investors.
The arguments presented here are pointless,how people .are geared and how they invest in property isn't for public scrutiny.Forming an opinion based on in sufficient data is not possible.
We all live by our convictions and only we as individuals know if our plans and strategies are successful for us.
There are positive strategies in all investments,regardless of market conditions,perceived or factual.
numbercruncher
Beware of Dropbears
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Hello Robots
Still not past the anger phase ?
I think acceptance comes next ....
Thankyou.
Still not past the anger phase ?
I think acceptance comes next ....
Thankyou.
overstretched mortgages?
Um none actually.
By the bye which part of the property market in Australia has crashed? Western suburbs of Sydney maybe? Possibly Melton in Victoria? Gungarlin in the ACT could be a goer. You know, the places where the people are hanging on to their residences by their fingernails hoping and praying like Hell that the RBA/Banks/Mortgage lenders wont smash them with rising interest rates on their credit cards, mortgages or personal loans before they are required pay the increased taxes (water/general rates) to their respective local government irrespective of how much food or petrol prices increase.
Those who can afford Toorak, Northern Shores or, heaven forbid, Yarralumla, and pay (generally in cash) $$M for the property could not give a toss and are not affected.
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