I have given up buying a house

[Smurf1976]

Hope I'm not scaring you Wayne, but the "105% lend" and "family equity" type products are either available now or will be very shortly - basically, people starting off with a house purchase under these products are almost assured of negative equity before they begin.

That in itself sounds very much like the sort of thing that happens at the top of the cycle. Just what Japan did before their crash.

 

[wayneL]

Those of you looking for replies in this thread related to commodities, I have created a new thread here

https://www.aussiestockforums.com/forums/showthread.php?t=4154

and placed those replies therein.

Cheers

 

[krisbarry]

There we go...I have just deposited another $650 extra into my superannuation account.

Some say I am foolish, I don't care!

Some also say that our generation (X and Y) cannot save, are greedy and want it all today, may I prove them wrong.

I want nothing today and everything tomorrow.

Rice and beans for dinner

 

[Big Jim]

There we go...I have just deposited another $650 extra into my superannuation account.

Some say I am foolish, I don't care!

Some also say that our generation (X and Y) cannot save, are greedy and want it all today, may I prove them wrong.

I want nothing today and everything tomorrow.

Rice and beans for dinner

Good for you. The governement should reward you with another 1500$. As for the beans, well its more healthy than the crap the serve in restaurants and fast food outlets so you'll probably live to use that super effectively, not like most of the lard a@@ses which will be a burden on our society. Keep the good work up.

 

[krisbarry]

I have just deposited another $460 extra into my superannuation account. My account balance is building nicely, thanks for asking.

Some say I am foolish, I really don't care!

Some also say that our generation (X and Y) cannot save, are greedy and want it all today, may I prove them wrong, yet again!

I want nothing today and everything tomorrow.

Tonights dinner is Homebrand Tuna, care to join me? Just bring a can opener

 

[tech/a]

Krsi.

While its not the worst thing you can do for your security,consider this.

You release control of your hard earned to X superfund.If you believe they can out perform your investment skills then fine.

You also lose the ability to leverage your investment which in my view is the single most important aspect of capital growth.

Its fine looking to the future but you may not get there just ask Steve Irwin!

Keeping control you can still look to the future add to the funds regularly and eat baked beens.

 

[krisbarry]

Krsi.
You also lose the ability to leverage your investment which in my view is the single most important aspect of capital growth.

My investment is already leveraged...its a geared share fund.

Gearing ratio currently stands at 51.33%

Current yearly return is running at 35.97%, way out stripping housing, even better than W.A. with its mining boom.

 

[tech/a]

Hmm yes maybe so--Which fund is it?

The only difference is those who rode the boom had 10-20% down and benifited from the 80% or so on loan.

As one example I put zero down (Equity secured) paid $90K and sold 3 yrs later at $210K.So I picked up $120K for the grand cost of Zippo.

On the Trading side.
I have 30K which now is $338K (Interest paid) this has taken 4 yrs.

Your not doing the wrong thing I'm just pointing you to looking outside of the square.Not all investors are DOOMED to ruin from use of leverage.

 

[krisbarry]

Hmm yes maybe so--Which fund is it?

Colonial First State

http://www.colonialfirststate.com.au/Prospects/FS1631.pdf

Australian Geared Shares

 

[tech/a]

Excellent

 

[clowboy]

While I am not condoning good money managment skills,

How ridiculas is it eating home brand tuna (if these are really the meals you are eating I would doubt you will make it to 65, but I am guessing you are exagerating) just to put a losy $400-600 into super every month or whatever.

Have you even stoped to think how much money you are going to have at age 65 if they continue these woderful returns you are so confident on? And if you are not so confident they will continue to return such fantastic results, then why are you giving them all your money????

Hell a mere 10k would be worth 1.3 mill in 35 years (even accounting for tax at 15%), by the time you get to 65 and have a coll 100 mill you will be so use to baked beans on toast you won't know what to do with the money.
Time to start planning (and training) a hier.

Stop, like I said it is great to see that you can save and are going against the majority, but for pete's sake live a little today as well. No matter what your beliefs life is short, 100 years out of 6000+ is nothing, 100 out of a few billion is a blip.

 

[krisbarry]

How ridiculas is it eating home brand tuna (if these are really the meals you are eating I would doubt you will make it to 65, but I am guessing you are exagerating) just to put a losy $400-600 into super every month or whatever.

I cannot believe you just said that, how crazy is your thinking...

The western world diet of fast fatty fry-ups is filthy. Generation X and Y, will die b4 our parents if we continue to eat the cr_ap that fills our supermarket shelves.

Some of the longest living people on this planet ate meals like beans, pasta, rice, and tuna!

Who cares if the tuna I eat is homebrand...it still contains essential fatty acids, protien, is low in carbs, and sugar etc.

If anything I may have to worry about the Mercury level, but that is an entirely different topic

 

[Smurf1976]

I wouldn't eat processed **** no matter how cheap it was.

If it's Homebrand tuna versus some proceessed meal that comes in a box then I'll take the tuna no matter what the price difference. Likewise I'll take the tuna over anything Mc, Hungry, Fried, has dots on the box or is served in a Hut. Quite a few "decent" restaurants serve absolutely unhealthy food too.

 

[Joe Blow]

Who cares if the tuna I eat is homebrand...it still contains essential fatty acids, protien, is low in carbs, and sugar etc.

I like Homebrand tuna. It almost as good as the John West stuff and at almost half the price. Also, tuna is one of the most versatile foods around. Tuna mornay, Tuna and pasta casserole. Cheap, healthy and filling. Another Homebrand product that stacks up well against the premium brands is the two loaf packs of garlic breads. Although I should add that I am speaking of the Woolworths homebrand products. I don't have much experience with the Coles ones.

 

[krisbarry]

According to clowboy, I should beg, grovel and plead for a refund of my extra super contributions, make a beeline to my local Coles or Woolies, grab a trolley and load it full of cr_ap. (chocky biscuits, cakes, soft drink, chips). Then sit back on my couch, and wait for the lard to grow until I need gastric bypass surgey

Ohhh how the mind boggles

I am laughing so hard internally, at least if the tuna doesn't kill me, the laughter will

I am really confused I thought the staple diet of humans came from the earth and the sea not from Coles and Woolies shelves.

 

[ghotib]

I am really confused I thought the staple diet of humans came from the earth and the sea not from Coles and Woolies shelves.

Um. Do you use long lines or nets to catch your tinned tuna?

Ghoti

 

[nioka]

I have just deposited another $460 extra into my superannuation account. My account balance is building nicely, thanks for asking.

Some say I am foolish, I really don't care!

Some also say that our generation (X and Y) cannot save, are greedy and want it all today, may I prove them wrong, yet again!

I want nothing today and everything tomorrow.

Tonights dinner is Homebrand Tuna, care to join me? Just bring a can opener

One question. Are you paying your own way or do you bludge on your parents and friends for accomodation.

 

[Bloveld]

Who is living a long time eating canned tuna?

 

[lancedefrance]

Hmm yes maybe so--Which fund is it?

The only difference is those who rode the boom had 10-20% down and benifited from the 80% or so on loan.

As one example I put zero down (Equity secured) paid $90K and sold 3 yrs later at $210K.So I picked up $120K for the grand cost of Zippo.

On the Trading side.
I have 30K which now is $338K (Interest paid) this has taken 4 yrs.

Your not doing the wrong thing I'm just pointing you to looking outside of the square.Not all investors are DOOMED to ruin from use of leverage.

Hi Tech/a can you please elaborate on the housing example that you used, i am new to all this but i am very interested and would love to learn more

Also how did you make 338k out of 30 in 3 years

 

[cogidubnus]

I've been eating tuna for years and I'm about 2000 now lol Seriously though stc is correct. The crap served up in restaurants is rubbish. I buy fresh veg and fruit and steam them. I eat fruit and fish and sometimes chicken. I am 85 and fit as a fiddle.