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i wld go for a mixture off +ve cashflow and -ve geared.
melton (outside melbourne – big grwoth expected), melb docklands (im not kidding this time – hold it for the long haul), new zealand (anywhere – nice returns great place), box hill nth (melb – subrub near transport/ammenities/affordable ) and belgrave (melb dandenongs – cheap,undervalued, nice a cool, good rainfall, very attractive, baby boomers)
now to find 2 million dollars
not 100 pct sure yet – ill get back to you!
something to do with ‘respecting the journey’.
great posts everyone. the depth of discussion is amazing.
one thing i would add with regards to ‘others getting ahead’ or ‘being a doormat’ etc etc
i always reminds myself that success or failure are in a lot of ways ‘momentary’ things. they are just in a moment in time.
so for example, if one thinks they have been taken advantage off for doing a good deed – this could be true…but….
there is every chance that down the track this perpetrator will feel remorse for what they have done and recognize the greatness in you act of kindness.
sometime we never get to see the results of our acts of kindness. but if you believe in the basic goodness of human nature you then have to believe that ‘most’ people feel remorse for what they have done.
we have all done bad things to others in our lives. imagine not being forgiven, imagine if no one risked helping other due to the fact theyt might be taken advantage off.
ive factored into my life that there is every chance i will be taken advantage off at one time or another in my life but this is ok.
one last disclaimer. – for myself however this doesnt meen being naieve with regards to heliping others. i wont deliberatly give mny time, money etc to someone/thing who will rip me off. but like just like investing we need to work with probablities. the probablity that there is someone who actually needs you help surely outweighs the probablitity that we are surrounded by crooks…
mark – heres the advise youve been looking for – on a plate.
buy an apartment, off the plan, at docklands, from one of henry kayes companies. dont worry about a deposit – these guys will help you out. ask them fro a free valuation also. buy it soon because there will only be growth for another 6 months.
hope this helps
onward and upwards
ok serious ones
bad habit – leaving my dishes in the sink after ive rinsed them. for some reason i have an aversion to then putting them into the dishwasher…very annoying for my wife..
good habit – when i eat – if im full – i stop eating and put the left overs into the fridge. i used to try and eat everything on the plate as was taught to me as a youngster. but with a slight cholesterol problem and a few extra inches around the waist i have learnt moderation (in eating anyway)
gmh – no worries. i probably misread as you put question marks at the end of the statement..
michael – fair enuf…
michael – i think kay was just trying to make sense of it all. it is a property investing forum btw and not everyone has studied economics.
good habit – wake up
bad habit – go to workactaul work – about 10 hours per week. time in the office and logged in from home where im constantly looking for deals/concluding deals – 60 hours perweek. so technically 60 hours per week.
i would agree with the others but i would also say this. you are not alone in wondering ewhat to do with your money. everyone is confused including seasones investors. all markets are volatile at the moment.
make a decison based on the risk you can ware. and also look for a good deal. there are good deals in any market. offer on 50 places and see if you can get something 20 pct under the market…(ie factor in the risk)
also standing still for a little bit off time is not always wrong either. better than going backwards.
anyway the important thing is not so much the interest rate hike but the price of oil. now thats interesting!!!!
45 bucks a barrel. some saying cld go to 70.00.
a guy on the tellie last night reckons we will soon all be paying 3 bucks per litre at the bowser. thats 150 bucks to fill a normal tank. thats 250 bucks for a melb-lorne-melb round trip. will make w/enders an expensive persuit.
but will also prob push the price of a airline ticket to noosa to a few thousand dollars…south melbourne beach is starting to look like an attractive holiday destination!!!
rate rise – stock market up??? not necessarily. depends on the make up of the economy. some will win and some will lose..
for example the aussie stock exchange is hugely dependant on the banks. interest rate hike generally are not so great for the banks due to a likely softening in the property market so therefore our overall share indexes might be negatively effected. also interest rates will effect the exchange rates so for example overnight the usa exports have become a little less attarctive due to a probably strengthening of the us dollar.
will have to find some of the old textbooks.
yep i know what you mean. the only thing is that the property market is only part of the equation. interest rates reflect in some ways the state of the entire economy and with it the direction the governement want to steer the economy in the future. interest rate direction/levels make commodity traders, sharemarkets, fund managers, policy makers etc very very nervous….thats why greenspan is the most listened too man in the world…..
good point kay – i think the main reason is one word ‘sentiment’. people think that this signals the start of a trend! everyone wants to pick the start of trend.
good taste celivia….
kay – nice one..
i have the same problem – too many outcomes and not enuf incomes….
gatsby – very insightful re the hamlet stuff. these are huge philosophical questiones here regarding happiness, ethics, duty, igniorance etc etc.
a friend recently had a bit off a hamlet moment. he is a great bloke who thinks about the world and his position in it. but moaned recently that despite all his good intentions he sees ignorant nasty people around him who seem to very happy with there lot in life. they dont suffer the same level of internal conflict as he does. you know the annoying types who dont ‘think’ much who seem to always get a great nights sleep etc etc.(toung in cheek). so he was wondering ‘whats the point’. whats the point caring? whats the point worrying? whats the ppoint learning? whats the point trying to do the right thing??? when the guy living next to you doesnt give a stuff but seems just as happy??
i told him that there is a huge reason that he shouldnt give up. and thats because we dont live in a bubble. if our lack of caring, lack of ethics, lack of understanding didnt effect anyone else then i would agree with him. but the fact is tthat althouygh ignorance may not affect your happiness it will affect the happiness of those around you!! and thats huge thing. ignorance creates prejudice.
if you go through life not hurting other (wch most of the time if you are ignorant will happen w/out you even knowing) then you have succeeded in being a good citizen, whether you are happy or not this is a great achievement.
life x – on the bill gates thing. i was a broker for a particular guy who was fairly unethical in his dealings and after a few beers one night i asked him if he had any high ideals or was it just about making money. he said to me that part of his aim was that when he had a net wealth of 5 million then like bill gates he will then give more to charity but in the mntime he was gonna do everything possible and push the ethical boundaries to get there first. the ethics can come after he reaches his financial goal.
guess what?? five years later he is rich and still no sign of better ethical behaviour. the more we have the less likely we are to give it away. the more we have the more we want. sure when you have 50 billion whats 20 billion amongst mates but i think that if we were all to wait until we were well off before we start to be good citizens than we are missing the point.
yep – i go with kay
great link wayne…i agree with everyone.
the idea of hoarding a treasue of gold coins makes me laugh. a bit like the people that move to the blue mountains for fear of the impending tsunami, atom bomb, etc ready to hit the earth.
maybe its the way to go. where are those bob dylan tapes havent listenb to for a while – tune in and drop out!!!
