I can afford a house

[tech/a]

Thankyou for all your calculations but again you have made some big mistakes on assumptions only.

Strange Kris.
This is what you are doing by aligning yourself solely with Super.

play your life smart,

Define smart.

Frankly
Health and Happiness rate way higher than money in my book.
but hey lifes easier with money than without it.
You can make a big difference in many peoples lives from employees to friends to faceless causes.

 

[nomore4s]

Strange Kris.
This is what you are doing by alighning yourself solely with Super.



Define smart.

Frankly
Health and Happiness rate way higher than money in my book.
but hey lifes easier with money than without it.
You can make a big difference in many peoples lives from employees to friends to faceless causes.

Hey Tech, hope your holiday was enjoyable.

I agree money's not the be all and end all, makes life easier but not fulfilling and meaningful. Just look at those rich cows like Britney, Paris and Lindsay. You can't tell me people like that are truly happy, all the money they could ever want and they don't know what to do with it.

 

[krisbarry]

Strange Kris.
This is what you are doing by aligning yourself solely with Super..

Soley with super? hmmmm...I have a few other assest I just don't wish to disclose them...

I think I have about 2 million hectares of land to grow tomato plants if you know what i mean oh yes we all have a sense of humour...and speaking of humour...yes you are right health and happiness are far more important...that we agree on!

 

[krisbarry]

What an awseome day..and I missed the whole lot, geez I am good.

Rang the super fund today and they are buying in on Monday.

Gotta love these corrections

 

[tech/a]

Kris.

Which fund is it?
Looks like you still will get in on this "Correction" even buying Monday.

 

[krisbarry]

Colonial First State - Australian Boutique Geared Fund.

The fund started back in late April at a unit price of $1.00, so by the time i enter it, i will be paying less than 99 cents per unit.

As yet my money has just reached the account but has not struck an entry unit price and will do so on Monday, so offically my entry price comes from Friday end of day action. (how is that for timing - missing the biggest 1 day fall since Sept 11th...I am very proud if I do say so myself)

I have already calculated a drop of over 320 points since being out of the market, which is awesome. It will cost me just over $400 to enter the fund (the difference between the entry and exit unit price), but I have already saved over $4000 or more from being out of the market in that time period. So its been well worth it.

I am aware that most mananged funds pull out of the market at some point (less than 10%), and they sit out for a while till the market settles so maybe they have already taken all their money out of the market.

 

[Pommiegranite]

Colonial First State - Australian Boutique Geared Fund.

The fund started back in late April at a unit price of $1.00, so by the time i enter it, i will be paying less than 99 cents per unit.

As yet my money has just reached the account but has not struck an entry unit price and will do so on Monday, so offically my entry price comes from Friday end of day action. (how is that for timing - missing the biggest 1 day fall since Sept 11th...I am very proud if I do say so myself)

I have already calculated a drop of over 320 points since being out of the market, which is awesome. It will cost me just over $400 to enter the fund (the difference between the entry and exit unit price), but I have already saved over $4000 or more from being out of the market in that time period. So its been well worth it.

I am aware that most mananged funds pull out of the market at some point (less than 10%), and they sit out for a while till the market settles so maybe they have already taken all their money out of the market.

I think the fact that you only ever post about your 'wins' and in a gloating/smug manner, means that nobody really gives a monkeys about your onesided posts.

Just my 2 cents worth.

 

[nomore4s]

I think the fact that you only ever post about your 'wins' and in a gloating/smug manner, means that nobody really gives a monkeys about your onesided posts.

Just my 2 cents worth.

lol, Pommie, its alright mate, we don't want to see him in tears like the last correction in May last year. STP may enjoy seeing other people losing money but I don't, even people that carry on like STP.

I wouldn't get to carried away with your "good timing" just yet STP, it could very well just be the beginning of a more major correction.

 

[Julia]

lol, Pommie, its alright mate, we don't want to see him in tears like the last correction in May last year. STP may enjoy seeing other people losing money but I don't, even people that carry on like STP.

I wouldn't get to carried away with your "good timing" just yet STP, it could very well just be the beginning of a more major correction.

Agreed on both counts.

I'll be surprised if the bull run resumes on Monday or even soon after that.
There has been no change in the factors which precipitated this correction.

STC, you really are being somewhat precious in boasting about your genius. You have, as far as I can tell, nowhere indicated that you made this move because you anticipated this correction. Seems more like luck than genius to me, but I hope you do well with the new fund.

 

[krisbarry]

Um excuse me peoples... if you read post #50 on this thread dated 13th-March-2007, 02:52 AM, I think you will find that I got caught in the last correction...yes I can be honest too, so its not all one-sided...and yes this time around its nothing more than luck...completely agreed.

But again its alright to gloat when things work in your favour!

 

[Smurf1976]

Agreed on both counts.

I'll be surprised if the bull run resumes on Monday or even soon after that.
There has been no change in the factors which precipitated this correction.

Agreed there although I'm personally not expecting anything too drastic overall. Could be wrong of course, but in my opinion this will be a trigger for another round of (worldwide) inflation.

I could be completely wrong of course.

 

[krisbarry]

Agreed there although I'm personally not expecting anything too drastic overall. Could be wrong of course, but in my opinion this will be a trigger for another round of (worldwide) inflation.

I could be completely wrong of course.

I am expecting at least another 100 points down On Monday and then the US market will rally Monday night, signalling the end of this correction. Well thats the plan anyway...but I expect that 9/10 ASF members will disagree with me of course

 

[Smurf1976]

But again its alright to gloat when things work in your favour!

I think you meant to say "it's alright to gloat when you invest in property".

Remember the near constant gloating of property investors on TV etc a few years ago? I wonder how many would be willing to do that now with all the publicity over the negative effects of the boom?

Public sentiment has most certainly turned.

 

[krisbarry]

I think you meant to say "it's alright to gloat when you invest in property".

Remember the near constant gloating of property investors on TV etc a few years ago? I wonder how many would be willing to do that now with all the publicity over the negative effects of the boom?

Public sentiment has most certainly turned.

LOL, too true

...Gloat street ...where every Tom, Dick and Harry was buying squillions of properties and advertising it to the world...has now turned into Tear Street, or is that Reposession Road or Broken Dreams Boulevard

 

[tech/a]

Kris.
You really under estimate serious investors and over estimate your ability.

For you too Smurf.
Those of us who bought copious amounts of investment housing in the mid to late 90s are anything but in tears.
I have 4 bedroom homes which we paid $90k for in 96 now worth over $360,000 with a mortgage of $90,000.The rent roll leaves me positively geared well into double figure interest.

Tears---nah---enjoy life---you bet.

It appears that your efforts to trade the market have ended in tatters so you have decided to invest in super and let someone else do it.
I agree with nomore4s.
Your timing in riding a prelonged downturn may well be impecable.
Atleast you have time on your side to gain experience.
Mind you thats if you can recognise the experience that you should be gaining.

Oh and its OK to have plenty of $$s behind you,and to enjoy life,and to make a difference in others lives,and to smile at those like you who think its repugnant.

 

[krisbarry]

Well done Tech/a, I am happy for your success in the housing market

 

[krisbarry]

Well I am in...Colonial First State purchased over 52,000 units @ 9682 cents for me, nice day to enter my super fund, and making money already.

I also like Labor's plan announced today to make new homes $20,000 more affordable

 

[Flying Fish]

Kris.
You really under estimate serious investors and over estimate your ability.

For you too Smurf.
Those of us who bought copious amounts of investment housing in the mid to late 90s are anything but in tears.
I have 4 bedroom homes which we paid $90k for in 96 now worth over $360,000 with a mortgage of $90,000.The rent roll leaves me positively geared well into double figure interest.

Tears---nah---enjoy life---you bet.

It appears that your efforts to trade the market have ended in tatters so you have decided to invest in super and let someone else do it.
I agree with nomore4s.
Your timing in riding a prelonged downturn may well be impecable.
Atleast you have time on your side to gain experience.
Mind you thats if you can recognise the experience that you should be gaining.

Oh and its OK to have plenty of $$s behind you,and to enjoy life,and to make a difference in others lives,and to smile at those like you who think its repugnant.

Ok we will just call you god. Pity you are too old to enjoy your ill begotten gains.

 

[Flying Fish]

Well I am in...Colonial First State purchased over 52,000 units @ 9682 cents for me, nice day to enter my super fund, and making money already.

I also like Labor's plan announced today to make new homes $20,000 more affordable

Oh what agood idea. More fuel to the pyre

 

[tech/a]

Ok we will just call you god.

No really there is no need.

Pity you are too old to enjoy your ill begotten gains.

Yessss--pity that!

Carry on.