Total Members: 159,207

wayneL

  • wayneL replied to the topic Our Newestest Moderator in the forum Opinionated! 20 years, 5 months ago

    Anyone woulda thought Monopoly just won a medal at the olympics…sheez! What’s the big deal?

    Rob! Why does this bother you so much? She has not been appointed Governor General for Chrissake!!!!

    http://www.tradingforaliving.info

  • wayneL replied to the topic Property Data – 10 and 20 yr – Property v Shares in the forum General Property 20 years, 5 months ago

    This is a really futile argument. One never invests in the sharemarket (apart from the lazy buggers who invest in index funds), they invest in individual companies…likewise with property.

    FWIW…

    It all depends on the skills and attributes of the individual investor as to which is better for him/her. People done extrordinarily well in…[Read more]

  • wayneL replied to the topic Off Topic: Covered Calls! in the forum Forum Frolic 20 years, 5 months ago

    >>We always made sure that even if we did get called in, we would make money on the deal….<<

    ??I can not think of an instance where you would lose money if excersized…unless you are already carrying a substantial loss on the underlying.

    >>experience tells us that you can’t expect income every single month you write an option, if it’s worth…[Read more]

  • wayneL replied to the topic Sophisticated Investor in the forum General Property 20 years, 5 months ago

    FYI

    US definitions according to the corporations act:

    Sophsticated Investor:

    An investor who has sufficient knowledge and experience with investing that he/she is able to evaluate the merits of an investment. A requirement of certain exempt offerings.

    Accredited Investor:

    The SEC designation for an individual or entity meeting any of the…[Read more]

  • wayneL replied to the topic Prices falling Investors running away in the forum No Subject 20 years, 5 months ago

    Originally posted by DeClair:
    I think people need to keep perspective in all of this… If people can keep paying their loans until the next property boom (IF), sure enough, the boom will ‘regather’ those poor neg equity lost souls, and behold, turn them into substantial positive equity ‘born agains’…happens in cycles, folks, and it’s why there…[Read more]

  • wayneL replied to the topic Falling Prices – Negative Equity in the forum General Property 20 years, 6 months ago

    I understand exactly what you mean Kay, I’m sure most others do.[wink]

    http://www.tradingforaliving.info

  • wayneL replied to the topic how much is enough? in the forum Help Needed! 20 years, 6 months ago

    A wise friend (and mentor) once said to me:

    If you are not happy when you are poor, then you will never be happy when you are rich.

    I have to agree….

    http://www.tradingforaliving.info

  • wayneL replied to the topic Purple Title in the forum Help Needed! 20 years, 6 months ago

    Never mind, Google found it!

    FYI:

    Purple title refers to ownership of an
    undivided share in a property. The term
    similarly refers to the colour of the
    sketch on the title, which used to be
    shaded purple.
    Although not a common form of
    title, some retirement villages or multi
    storey flats (for example) offer residents
    an undivided share in the…[Read more]

  • wayneL replied to the topic Off Topic: Covered Calls! in the forum Forum Frolic 20 years, 6 months ago

    Just to clear up a common misconception:

    You can leverage shares and commodities to the hilt.

    For instance, via index futures I can attain an effective LVR of about 97% on a theoretical basket of shares.(NB: futures don’t *really* work that way but same general idea)

    Other derivitives (CFD’s) have an LVR of 90%.

    Via margin lending, LVR’s are…[Read more]

  • wayneL replied to the topic Off Topic: Covered Calls! in the forum Forum Frolic 20 years, 6 months ago

    Chan,

    I know lots of professional traders and none use this strategy.

    I do know “investors” who have long term holdings, who write calls for additional returns when the stock is downtrending/sidways.

    As a trading vehicle….hmmmmmmmmmm….Brokers like it cause it generates additional brokerage. Wealth seminar speakers like it because it sounds…[Read more]

  • wayneL replied to the topic This should keep you busy in the forum Forum Frolic 20 years, 6 months ago

    [bomb]*wayneL spits the dummie* [baaa]

    I give up!!!

    http://www.tradingforaliving.info

  • wayneL replied to the topic Crumbling House Prices in Aust and NZ?? in the forum General Property 20 years, 6 months ago

    Originally posted by AusProp:

    Perth is still rising strongly and is expected to continue for some time.

    LOL, not in the places where I am looking.

    Perth does lag by a few months. I see Perth as stagnant price wise, but volume still ticking over. Wait till next year for real declines!!![evil4]

    http://www.tradingforaliving.info

  • wayneL replied to the topic Prices falling Investors running away in the forum General Property 20 years, 6 months ago

    Originally posted by Salubrious:
    Its good to see there is a majority of agreeance on this issue. I remember bringing this topic up a month or two ago and was sliced and diced!

    Hehehehehe……….A couple of us were talking about this sort of stuff late last year…you should have seen the reaction then!!!!!!!!![fear]

    http://www.tradingforaliving.info

  • wayneL replied to the topic Armageddon in the forum Opinionated! 20 years, 6 months ago

    The program was nuttin’ new to us bears.

    Fasten your seatbelts folks, the ride will be “interesting”.

    http://www.321gold.com/editorials/hultberg/hultberg090303.html#4

    http://www.tradingforaliving.info

  • wayneL replied to the topic Forum visitors in decline in the forum General Property 20 years, 6 months ago

    Originally posted by Chan$:
    Originally posted by HousesOnly:
    this is a serious investors forum and not English classes.

    So are you saying only people with perfect English allow to posts in this forum?

    If it is so then 99% of people here will either got some grammar problems or mispell.

    Common mate, you can’t criticise this kind of things.

    Kind…[Read more]

  • wayneL replied to the topic The ‘X’ Factor in the forum Help Needed! 20 years, 6 months ago

    Hi guy’s and gals,

    Many years ago I listened to one of those psych’ type people who had an interesting point of view.(can’t remember the name)

    He said it was impossible for human beings to make decisions based on logic alone. Rather, we make emotional decisions, and then dredge up whatever logic we can find to back that decision up.

    As tough as…[Read more]

  • wayneL replied to the topic Pre America’s Cup Investment Apts in the forum No Subject 20 years, 6 months ago

    Originally posted by Rugbyfan:
    Acey, have you been to Fremantle since the cup in ’87. Apart from the fact that prices have skyrocketed (along with all of Australia), there was so much cash invested into the area in the form of infastructure. Along with that, houses, apartments and townhouses have been popping up on a regular basis. I do not know…[Read more]

  • wayneL replied to the topic Hot Property – Lets Share in the forum General Property 20 years, 6 months ago

    Originally posted by Michael R:
    Secured an option within the past 3-4 months [no money down] on land in Queenstown, New Zealand subject to the vendor receiving re-zoning approval.

    The offer was slightly higher than the asking price.

    Approval was granted.

    The land was flipped for more than twice the agreed price on the date the deposit was due -…[Read more]

  • wayneL replied to the topic The easiest and safest way to make money in the forum No Subject 20 years, 6 months ago

    Originally posted by Pisces:
    >>But when you both want to do different things, it’s trouble. One wants to sell, and the other doesn’t… then you have all kinds of exit charges blah blah…<<

    Kay, you hit the nail right on th e head in what you said above.

    Having a business partner is fraught with problems. One wants to sell so he can get his…[Read more]

  • wayneL replied to the topic Hot Property – Lets Share in the forum General Property 20 years, 6 months ago

    Originally posted by Chan$:
    If I am not successful in shares trading

    All the best, but watch those %#@!ing market makers Chan!!!! They have horns and a pointy tail![satan]

    http://www.tradingforaliving.info

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