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,
That's good advice (but I'd caution about value as per my consistent argument), but what about for investing? Even that sort of property would have to be subsidized from wages... at the moment, YUK!hello,
i love shares too!
buy a house in an area they can afford, average house in best street/area of suburb principle
this could also be a unit
I would look for house where add-ons can be done, ie landscaping (soft), painting, floorboards, going a step further a front fence, grand entrance
places get tired, renters trash, some owners dont give a rats
take you're time and enjoy living in the place, save money and reduce the mortgage
thankyou
robots
OK I'm confused now. Tech and yourself are advocating property and creating opportunities in it, and when questioned about the $20 per hour guy suggest the stockmarket... something I would suggest. Huh?
What do you property guys suggest a $20 an hour guy do, in "creating value" as tech put it, in the property market?
That is clearly incorrect. There are thousands of examples of 20/hr guys who became property investors in more rational times; dozens whom I know personally.Wayne.
My suggestions still stand.
The $20/hr guy with no collateral wont be able to get in the market now or 8 yrs ago or if the property market comes off 40%.
If he's a smart $20/hr guy he wont stay on $20/hr long and will be in a position to become involved as he ticks the boxes so to speak.
I wouldn't be recommending getting into the market either without ticking most of the boxes and learning "The Trade".
No doubt its tough we have all been the $20/hr guy except some of us were the $20 a week guy! But we found a way.
Well some of us did.
Bot,hello,
for some just owning the home is a form of property investing,
now ignoring why, how, cant sustain that etc, people are sitting on healthy returns/money just my doing the above
that may be all the $20/hr guy can do,
but what is property investing, buying a house to live in, buying a rental property and sitting on it, developing a block into duplexes, developing a block into a 20 level tower
thankyou
robots
Read the thread.hello,
could someone please explain to me what property investing is?
thankyou
robots
Wayne.
My suggestions still stand.
The $20/hr guy with no collateral wont be able to get in the market now or 8 yrs ago or if the property market comes off 40%.
I swear to god you guys just make it up as you go along ....
8 years ago I earnt $20 an hour and bought the nicest house in the street and borrowed virtually all the money, Governments FH grant gave 4pc of the price.
The figures now clearly show that the average wage cant buy an average property, all high property prices do is screw over the younger generation, property in Australia is in a unsustainable bubble. My punt is this stock crash and rising interest rates is the trigger to bring it back to reality.
And from an investing standpoint , how on earth can you justify 8.5pc interest rates vrs 3.5pc rental returns, placing ALL your faith in capital appreciation ?
Good post Numbercruncher and keep looking at things as they are.
Property has been a good investment since I brought my first home in 1976. From my experience it has at best gone flat now and a poor one at the moment. If you have for example $200,000 to buy a home you can generate more (by the divvy alone) than it costs to rent by just putting it into Woolworths shares. And with the hard times on us they will also offer some equity growth on top of that dividend as well. ( people have to eat food)
Do the sums out there and admit the good property days are gone for awhile. No big deal, just part of the normal financial cycle.
OK I'm confused now. Tech and yourself are advocating property and creating opportunities in it, and when questioned about the $20 per hour guy suggest the stockmarket... something I would suggest. Huh?
What do you property guys suggest a $20 an hour guy do, in "creating value" as tech put it, in the property market?
Another example of appalling punctuation and grammar. What exactly are you saying here? I'm serious, what is your message? It sounds very nasty and mean spirited if I have interpreted correctly.hello,
another example of property investing sir,
people have to live somewhere, data coming out will indicate that aus property has plenty more left, bleeding hearts who cant afford it
thankyou
robots
hello,
another example of property investing sir,
people have to live somewhere, data coming out will indicate that aus property has plenty more left, bleeding hearts who cant afford it
thankyou
robots
things are going to roll on unless something changes in the labor & materials involved in building
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