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Update: apparently, his blog has been published in the latest issue of Your Investment Magazine. A friend said it is on page 26. So they reckon he is right too. I’ve read it again like Benny and I’m more convinced now.
I get what you’re saying Jason about immigration. It is needed for aging population. That affects the entire country. But I think his blog is more for investors than politicians. At least that’s what I got out of it. We investors can’t use high population growth figures for finding high capital growth. It’s the other way around! Flies in the face of what I’ve been taught for the last 10 years I’ve been investing.
And there’s no guarantee your shares won’t be worthless in 20 years time (thanks Kodak). But property in 20 years time… gees it’d have to be under water or something.
A few years ago I heard someone make a good point that to beat the All Ords you need to be better than the fund managers. But beating the avg Aussie home owner’s capital growth should be pretty easy since they don’t think like investors. Dunno if that’s “asymmetric risk/reward profile” though.
I don’t understand share stuff, so not an option for me anyway :)