Capital Gain = Mini Jackpot Lottery ?

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Still in School
Member
@still-in-school
Join Date: 2003
Post Count: 1,844
March 31, 2004 - 7:11 am
Hi Guys,
going through a booming market, and house prices souring through the roof…
…is capital gain… the next best thing to a mini jackpot or winning a small lottery?
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
holdencommodore
Member
@holdencommodore
Join Date: 2003
Post Count: 88
March 31, 2004 - 9:08 am
Hey SIS, since Ive got an accounting background, my opinion would be a bit biased (and probably not too realistic… bloody accountants! LOL) but I think it depends on the property, and also whether you have actually sold or not. CG = money in the bank. Might be money that’s ended up having been in a good investment with a total good return.
However, it could have been money better spent. Coming off the biggest boom in history as some are claiming it to be, and with hindsight, I doubt you would’ve put your money anywhere else!
Anyway, what Im getting at is that a lot of people who own property are all happy & smiles, but they only have a paper profit. Who knows whether they could actually sell the place quickly if they needed to! Their liquidity in the property might be really ordinary, but they think they’ve had a big win.
Dont know if this is making sense, or whether it actually applies to what you meant by your question, so Im going to shutup now. LOL, plus you know what you’re doing, and Im sure have had a lot of successful CG, so youd know more about it than I would!
(“,) $$$ HoLdEnCoMmOdOrE $$$ (“,)