Forum Replies Created
I am not buying now. The over inflated prices are still out there. The fair value priced properties are the ones selling albeit slowly and at around 10% discount to the high prices of 6 months ago (the peak).
If a deal is good now, i think it will only get better in the next 9-12 months (you will be paying off a lower principal). People that dont think properties will get cheaper i think have a vested interest in making false claims (normally real estate agents
… Why do i think the properties will get cheaper again (though they are alrady falling to achieve a sale) and the reason is the US economy has been in limbo for the last 12 months showing good growth but without strong employment. The new jobs sector over their is now getting very strong and cyclicling (data release last friday) to support the strong econmic data. What this then means is a very probable interest rate rise over there, which means we will follow..this will be regardless of a slowing building or personal debt rate here. The need for overseas money invested in this country (as it is needed in the US) will drive our interest rate higher, maybe not much but enough to “scare” the market. We have only had .5% in rises and look how the climate has changed. Another .5% rate hike and it will be time to buy.This combined with a declining building market, the already high personal debt level will force house prices down.
Is there an edit button for these posts???
Hi Super TedI like the way you think. What’s the IT industry like in Melbourne re:Support. I’m moving down from the ACT and hoping to get into IP’s. When you say you’re a trader, is that in IP’s. What is your trade? I’m hoping to offer my labor cheap, as in free to work with some tradesman to get an idea about house Reno’s. What do you think?
Johnb
I trade mainly Options and some shares not IP’s. I dont live in Melbourne but imagine IT in Melbourne would probably be worse then Sydney.
As a former tradesman i always employed tried to employ workers/apprentices that were reliable and keen. Dont work for free, offer to work the first week for free so they can see what you are like (hit em up for lunch though
then they may put you on fulltime.email me at [email protected] if you want other opinions
I was self employed tradesman for 12yrs then changed careers to IT working for large university as a network administrator.
A lot of safe “IT” jobs are with goverment departments and to me that is where most ppls problem lie. Most of thier peers in these jobs will bring you down to there level of thinking, which in goverment departments can be very low, hey “but the super is good” type mentallity. (ppl in gov dep’s will know what i mean).
With basically an IT collapse and “outside” jobs scarse I retrained myself in trading derivatives and shares. They didnt know they were actually paying me to trade
. After about 6 months trading and making more then the whole yrs IT wage I knew then that it was time to move on and leave the politics and negativity of this sorry place behind.I now love what I do but its not easy and i think most people will fail as traders. The best thing that came out of IT for me was being non- emotional and thinking logically about problems, which are both essential for trading and business in general.
Argyle610It’s great how you can become such an “expert” in Steve & Dave’s business, simply from reading their book!
You obviously have it all worked out.
The only thing, you are quite incorrect.[
]Del
I think Argyle is stating what a lot of people are thinking when they read these forums and he has expressed an opinion that has benefitted the readers.
I really think Del you should read what is said before you actually post a reply as you seem overly defensive of of anything you perseive as negative against Steve. All the posts ive seen you jump the gun on have actually lead to very constructive postings in this PUBLIC forum.
Ahh No thanks, worried about the public liability component of the building insurance[
]Well I would do the asx courses they are cheap or free. Also get yourself a broker, broking firms often do free courses as well (to get you to trade more
. There are good writers of books out there who actually trade as well.Beware of the big dollar seminars and black box systems. And remember just about everyone has no idea how the market behaves.
email me at [email protected] if you have other questions as we are of topic already.
… Why do i think the properties will get cheaper again (though they are alrady falling to achieve a sale) and the reason is the US economy has been in limbo for the last 12 months showing good growth but without strong employment. The new jobs sector over their is now getting very strong and cyclicling (data release last friday) to support the strong econmic data. What this then means is a very probable interest rate rise over there, which means we will follow..this will be regardless of a slowing building or personal debt rate here. The need for overseas money invested in this country (as it is needed in the US) will drive our interest rate higher, maybe not much but enough to “scare” the market. We have only had .5% in rises and look how the climate has changed. Another .5% rate hike and it will be time to buy.
]
]
