Forum Replies Created
what humour?
a bunch of money-hungry and obviously obsessed individuals discussing ways to “take” during the season of giving……some of the replies were slightly humerous but the overall tone of the thread was serious and dont insult our intelligence by suggesting it was all a big joke.
whats the matter……dont you enjoy life or something?
http://www.posigear.8k.com
Positive Geared Share Investingor….
you could come to realise that money will never replace happiness, Christmas or family/friends, and therefore you should stop being a tightwad…..because there is nothing that ruins Christmas like a tightwad…….
what are you gonna do? take your money with you when you die?
At what point do you say “you know what, this money isnt much good unless we SPEND it”
If you worked the time you spend being a tightwad, you would come out in front anyway!
http://www.posigear.8k.com
Positive Geared Share Investingthanks aussierogue
we dont like to complain, we really like the house but feel we are getting dudded because we are paying more and getting less.
Is there some specific legislation I can quote to back me up, or should I just say “aussierogue said get stuffed” LOL
http://www.posigear.8k.com
Positive Geared Share Investingwhats the point in being a tight bum all your life?
money has but ONE use. TO BE SPENT.
At what point do you stop being tight, and start enjoying the money? When you die? You gonna take it with you maybe? lol
Live life for gods sake!
A life spent worrying about where every penny goes is no life at all.
How much is your time worth?
I worked this out recently. My time is worth a dollar a minute. $65 an hour is what I charge. If time is money, then spending 2 mins to save $1 is a nett loss. I watch people waste half a day shopping around to save $10 on an item. If they worked that time instead, they would be $50 – $200 better off. Some people will waste half a day getting a refund for an item because they saw it $5 cheaper elsewhere. get a grip.
Start thinking this way and you will be MUCH happier and RICHER.
http://www.posigear.8k.com
Positive Geared Share Investing“You write calls on your stock if your long term bullish and short term bearish.”
That would then mean that you would only write calls when the stock is “high” by some measure. Why own a stock at all if you are bearish, regardless of the timeframe?
In a falling market, this means you have no hedge. In a flat market you make no income. In a rising market, this means you give away most of the cap gains, and if the stock ever comes back down you stop writing calls because you are no longer bearish? Just who is so good that they know all the tops to sell and all the bottoms to stop selling? Its just not credible. You either write calls every month or not at all. It would be nice to have cake and eat it too, but lets be realistic.“Its not a money making ploy its a hedging stratagy—-a risk minimisation tool.”
Well you just contradicted yourself. How can it be a hedge if you sacrifice upside and dont protect on the downside. The only way to hedge properly is to write calls every month. Imagine if you wrote bhp calls @ $12, because you thought it had run to far and you were “short term bearish”. The next month you do the same @ $13, and so on. Pretty soon its $15 and you have made squat. Perhaps then it falls slowly, but you dont write calls because you are not “short term bearish”.
“a clearer understanding of option use and deployment maybe best.”
None of us can say we know it all in the option department (yourself included), there is simply too much to know. But Im sure that comment of yours was not meant to come across so condescending? Have read a lot of options books but not Caplans (got a distinction in the derivatives exam by the way). Will give it a whirl, even a fragment of new knowledge will be worth the effort.
http://www.posigear.8k.com
Positive Geared Share Investingillusion you say? interesting allegation.
I hold a Diploma of Financial Advising, awarded by the Securities Institute of Australia (2003), recognised by the Australian Qualifications Framework. Registration number 90106NSW/40058 should you wish to check. PS146 compliant. And a partridge in a pear tree.
Many financial planners are not qualified (DFP), and the ones that are only had to sit 4 modules. The DFA is 8 modules, so you could say we do twice the study. Yes they are just salesmen, we all know this.
cheers
http://www.posigear.8k.com
Positive Geared Share Investingtecha
there should be no confusion, unless you dont know the difference between a qualification and a licence. As it CLEARLY states, I am qualified but not licenced, which is why I dont offer any advice, simply educational material (which requires no licence). ASIC tried to catch me out last year by asking me for specific advice, which I refused.
cheers
http://www.posigear.8k.com
Positive Geared Share InvestingAn interesting discussion.
A margin loan is a relatively inefficient vehicle for leverage these days. Instalment warrants, CFDs and LEPOs offer far greater leverage. The choice of derivatives available nowadays means the traditional concept of buying FPOs (fully paid ordinary) is a little like having the equity in your home sitting idle.
Having a margin loan exposes you to a margin CALL. Owning instalment warrants removes this risk. You can write call options against them for extra cashflow. They pay very good dividends (up to 20%) and franking credits. Your risk is limited to the amount paid up front.
CFDs provide good leverage (95% LVR) but there is a high risk of margin call. You cannot use a CFD as collateral when writing call options. CFDs pay dividends but no franking credits. The major advantage to CFDs is that equity is unlocked in real time. This can be very useful in a rising market.
LEPOs provide the best leverage (95%-98% LVR) but pay no dividends, however they can be used as collateral for option writing. Again, equity is unlocked in real time.
Writing call options is not a strategy for use in a bull market, which we appear to be in. The returns are often exagerated a great deal, I have seen some spruikers quoting 8% a month. The REAL return is likely to be an extra 5% a YEAR. I have run many simulations on this and my results show writing calls against owned stock will improve the relative performance by only 3-7% p.a. This means if the stock was flat for the year, you came out with 5%. If the stock went up 10%, you cleared 15% (excluding dividends).
If it is cashflow you seek, look for a stock paying a high dividend yield. Then look at what instalment warrants it has. You may find a stock like NAB paying 6.5%, which may have instalment warrants yielding 20% (due to the fact leverage is involved and the dividend paid is the same). Or perhaps look at dividend stripping.
hey techa!
http://www.posigear.8k.com
Positive Geared Share InvestingSounds to me like we arent getting told the full story here.
Where exactly is the tenant living? You say its a granny flat, but then say your ‘house’ stinks of smoke. If your personal space is important, DONT RENT IT OUT!
Why would the tenant blow up so bad just because his drive was blocked? If you were ‘dobbed in’ to centrelink, sounds like you are not in a position to be pointing the finger. What did you do to provoke the tenant?
If smoking and being a good father is the tenants worst offences, I reckon you may have got what you deserve.
I lived in a granny flat once. The woman was a fruit loop. She had a key to the flat and came in daily while I was at work and unplugged my fridge…..what, I cant use the power now? She wasnt claiming the rent as income either, and you can bet your arse I abused her for invading my privacy (and ruining my perishables).
http://www.posigear.8k.com
Positive Geared Share InvestingHi Terry
yes, but since I wasnt working at all last year my ABN isnt much help. I dont want to put down 20% deposit because I can get a 40% return on the money elsewhere. 10% I can live with, 5% even better.
If all it took was a glance at a bank statement, we would be financed by now
but nooooooo…..they want to see tax returnshttp://www.posigear.8k.com
Positive Geared Share InvestingI always find myself asking “why do we care?” when a celebrities personal life makes the news. I for one am sick to death of hearing about every time one of the royals stubs a toe.
Maybe MJ is guilty, maybe he isnt. None of us have seen, nor ever will see the evidence, and cannot possibly judge either way. Even if he is guilty, why should we care? Are we so superficial that we will condemn his music because of his personal life? I own most of his albums from the 80s/90s and aint about to throw em away regardless of the outcome.
If he is guilty, he will never see a jail cell, he will buy his way out and receive treatment. Consideration will be given due to his childhood, fame and fortune.
struth, $2530 !
lol I love crowd psychology
it reminds me of Carl on the Simpsons
“hey that guy’s right!” (crowd all blindly agree)
Anyone who is positive property is just realistic and normal, while anyone who is negative is a nutcase, or has some evil motive….quite funny
People who have enough intellect to think for themselves realise that a balanced and debated discussion is important and healthy. If you knock the negatives, it just shows that you are biased or weak minded. Let the facts speak for themselves.
“when everyone agrees, nobody is thinking”
Studies in recent years have concluded that the total cost of raising a child from birth to 18 yo is between $500k and $1m in todays dollars.
Some advice for when you do youe “e-book”
When I began writing my course, I was advised to make a list of everything I knew, regardless of how trivial. Then I was told to go through, and eliminate anything that had already been covered by an earlier book or course. That seemed a bit weird to me, I thought “its been covered before because its important, what could possibly be left that is important?”
Finance is complex, and constantly evolving, which means new products and concepts are created all the time. Also, investment conditions change rapidly, and the average investor cannot keep up.
Many of the books I read were full of omitions, lies, oversights and errors, and were usually biased towards “its soooooo easy to make money” rather than “dont do this, and watch out for this.” Negative books dont sell, which is why most authors stick to the positives.
So here are my tips:
– be brutally honest, omit nothing
– be original
– dont make false promises (ie saying trading is easy)
– find out what every other trading book is missing, and provide it
– create a niche
– dont waste the book rehashing old concepts. show us things you learnt that weren’t in books.
– T.A has been done to death, give it a miss
– every trading book has at least one simple unique idea. gather them all up and put them together in one book.
– dont do all this work for free. If people make money from what they read, why should they profit from your work while you get nothing?Im something of an expert on discipline, not because I am good at it, but because I was so BAD at it. We only investigate our practices when things go wrong. When everything is ok, we dont bother to study our habits, improve and learn new things. When things keep going wrong, we investigate, analyse, research, learn and improve. This is how I learnt so much about discipline.
I failed miserably as a trader for the first few years, because I had shocking discipline. This failure forced me to read everything I could about trading psychology, but most trading books simply said “you MUST be disciplined!” well duh. Just because I knew that, didnt mean I could actually do it. Just because you know what you should do, doesnt mean you can actually do it when it comes to the crunch.
I could not find the answer in trading books, so I began reading psychology books, and researching the experts in discipline; the military, and martial arts. I found that discipline was something that could be learned, but it wasnt just a switch you could turn on. A huge chunk of the course focuses on the steps to acheiving and maintaining discipline, instead of regurgitating every other trading book by saying “use discipline!”. People cant use it if they dont know what it is, how to get it or how to keep it.Even now I am not a 100% disciplined trader, which is why I choose not to trade in the short term. I have certain mental traits which inhibit my abilities to be disciplined. Some people just cant do it, some can improve, while others can master it. By studying your own traits, you can decide if you should be a trader or an investor.
Wayne sounds like he has mastered his own trading discipline, great for him.
Richo
Ask anyone who has finished my course if they learnt about discipline. Its easy to say “get disciplined, stupid!” and quite another to teach people what discipline is and how to acheive it (the main goal of the “investor psychology” section in the course).
Although waynes article is good, its not really anything that hasnt been said a hundred times before. Then again, I spose its of benefit to newbies. But realisticly, if wayne wants to help newbies, the best thing for him to do would be to show the statistics, then say “you have a 95% of failing at this. I suggest you dont even attempt trading for your own good” instead of providing a “how-to” service where the likely end result is loss of capital, despite his best efforts.
Guns dont kill people, people kill people.
Stocks dont kill peoples wealth, people kill their own wealth.
but nooooooo…..they want to see tax returns
