Yes Devo76, given you are 30 I'd be picking out some stocks you like with a price target and then buying when they hit that target.

This is just a correction (I hope)!!!

Rams is struggling to on sell its mortgages in the US market – these days a mortgage is like a commodity, it can be bought and sold.

Problem for them is they are struggling to re-finance about $5B worth so they probably will end up having to incur additional costs and these costs will end up having to be paid by its customers.

If I had a loan with Rams I'd probably be cautious but wouldn't pull out.
 
But if I was thinking of getting a loan with  Rams I'd probably reconsider options.

Afternoon All

I wouldn't be writing off the stock market just yet. The fundamentals of many companies are still good when you look at P/E ratios, dividends etc. Everyone was talking about the "Correction We had to Have" – well here it is. Great – I'm looking around for stocks to buy right now but sticking to quality stocks. Remember – the China and India story is still alive and well.

Will it move money into the property market – yes there will be people who panic and move there cash out – eventually they will buy property but probably after the prices have already moved significantly. So the impact here won't be quick. The property market may be impacted if we have another interest rate rise as many predict.

Still, I also love buying property so I also think its a good time to buy property from a long term perspective.

Its an exciting time to be an Investor right now!!!

Cheers
TheBish

Hi

First piece of advice I'd give is read a good book on Property Investing – say Jan Somers. You'll pick up heaps of good knowledge for a very small outlay or even borrow it from your local library – they normally have stacks of books on Property Investing.

You should then take a serious look at your financials – try and work out how much you can contribute to loan repayments each month – this will give you a view of what the maximum loan you can afford. Talk to your bank as well – ask them the same question. At the end of the day they will be the one's that lend you the money.

The answer that comes out of this will really give you a good feel as to whether you can buy 1, 2, or 3 properties.

Good luck
The Bish

Hi

I live in the Ku-ring-gai area of Sydney. Things still a bit patchy but activity has generally picked up and prices should soon follow upwards. Another interest rate hike will impact confidence to some extent and will prolong the inevitable real estate recovery in this area.

Cheers
The Bish