Forum Replies Created
- Originally posted by yack:
I prefer option 3.
I also think if you wish to keep Peach as a long term sponsor then surely property related functionality would be best as its in their interest to attract property investors.
Peach are a great company and of course, I will endevour to add in any request made by them and it would be of higher priority as well. In fact if it wasn’t for them we wouldn’t be having this conversation as it was through them that the multi property version is soon to be available for everyones benefit.
Rest assured, all of these suggestions will be forwarded to them for consideration and then we it down and work out where to go next
EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.comOriginally posted by mh1524:Hi I have been using ez-rent for a while to assess my prospective purchases and find it a good tool….btw I am a software test manager for an IT company [
]Then you are a perfect beta tester then for version 2 (hint hint
!! In all seriousness though, I have several avenues I can take the application now (speaking from the version 2 perspective of multiple properties and better depreciation). I am wondering what people think of these broad directions..1. Simple personal budget planner – so you can figure out how much spare cash you have each month – handy for interest capitalisation scenarios as well as P&I stuff.
2. As well as buying properties, buy direct shares, managed funds, property syndicates and other types of investment vehicles that can be neg or positively geared. (This would be of personal benefit to me and was going to be my next logical step)
3. Property management functions. Basic incoming/outgoing tracking according to some predefined categories (for those of you not using quickbooks or MYOB)
Remembering that version 2 now handles multiple properties bought at differing times into the future or the past.
So what priority do you think those 3 broad areas should take?
EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.comThis i can’t resist..
MAtt I knew someone was going to bring warren buffet into the picture. If you can try and tell me about another very successful (multi-millionaire) who uses fundamental analysis successfully.John Marks Templeton
Peter Lynch
John Neff
Mario Gabelli
Walter Schloss
Tom Knapp
Bill Ruane (Sequoia fund)
Rick Guerin
Stan Perlmeter
The directors of Tweedy, Brown and Company, a US fund manager using Ben
Graham style value methods
Paul Moore
Kerr Nielsonok now lets have the TA list!
EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.comI occasionally visit this site when I want to get a bear market view of the world..
Of course, all their predictions so far have been off the mark
EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.comMy two cents..
Property can be hard to get out of.. If you needed to sell fast, it can be some time before you see your cash.. most shares you can sell whenever you want..
Property (as most people agree on this forum) is not a good negative gearing vehicle over time, as the tax claimable items like depreciation reduce and maintenance costs slowly increase as the property ages..rent tends to follow inflation/market saturation, not capital gain.
Shares are actually the opposite. Your dividend yield tends to be a percentage of your portfolio value (mine is about 3%). If your portfolio increases by 20%, then your yield will still be around 3% of the increased amount. (I’m sure people will argue this point, but dividends track capital gain much closer than rents do).
A previous poster mentioned trading. I fully agree with them that trading is a dangerous game and I don’t understand it (charts, volumes, etc). WHen you look at Stock Market billionaires like Buffett. None of them are traders. They are fundemantal (but and hold) investors. I defy you to find me a technical analysis based trader who is a billionaire.
But its apples and oranges anyway, since trading by definition is trying to gain through short term fluctuations so comparing this to property is inaccurate. Instead, you need to compare it by saying “If I had $10000 in 19xx, whats it worth now if I invested in yyyy”. The longer you make this period, the more pointless this whole argument becomes because the rates of gain between property and shares are not that different from eachother..
Are shares boring? I don’t think so, and I certainly disagree that you have to keep an eye on the market at all times unless you are a trader. If thats the case then see my previous argument..
Margin loans are dangerous and I do not use them. Property is a much better equity to invest in shares against because even in a dotcom bust situation, you will not get a margin call.
For that reason, my strategy is to aquire property via positive gearing and use the equity to negative gear a share portfolio.
Its safer, as the extra taxable income generated from property can pay the tax deductable interest on your shares.
The only thing you have to do with shares is learn how to value them and buy a stock while its down. But this is a property forum, and I’m sure that nobody is interested in that
EZ-Rent. The free tax and cashflow simulator for Australian property investors.
http://www.ez-rent.com
