Total Members: 159,209

wayneL

  • wayneL replied to the topic Living on borrowed money! in the forum General Property 20 years, 6 months ago

    The chap with the margin loan, allows interest to capitalize.

    I once had a LOC that allowed interest to capitalize also. Maybe this is what is being done.

    But I agree with Celivia’s comments. (in line with my bearish stance)

    An extended flat market would be most disconcerting if employing this strategy.

    http://www.tradingforaliving.info

  • wayneL replied to the topic Living on borrowed money! in the forum General Property 20 years, 6 months ago

    Just as an aside, this type of strategy is being employed by a sharetrader I know, with margin lending.

    This particular chap has already removed in excess of his entire initial investment from the account, as income, and still has buckets of equity.

    So as a concept, it does very well in the right circumstances.

    I believe there are some…[Read more]

  • wayneL replied to the topic Investing in England in the forum Finance 20 years, 6 months ago

    Originally posted by Aceyducey:
    alias,

    You’re much better off looking at one of the UK property forums.

    There are several good one including Housemouse (http://www.housemouseuk.com).

    Get some info on them straight from the mouse’s mouth!

    Cheers,

    Aceyducey

    Very good Acey, my missus just happens to have some houses over there…(never to…[Read more]

  • wayneL replied to the topic The Trap Is Set in the forum No Subject 20 years, 7 months ago

    >>However I never trust metaphors that attribute physical laws to human-driven enterprises.<<

    That is of course your right. But it should be noted that there are those amongst us who in fact base their investment decisions upon physical phenomina….some even manage to do this successfully.

    I must point out however, that you seem to have taken…[Read more]

  • wayneL replied to the topic The Trap Is Set in the forum General Property 20 years, 7 months ago

    Originally posted by Aceyducey:
    Originally posted by wayneL:
    Think of the tides Kay. What happens after a low tide?

    Since when has the gravitation influences of the moon and sun had a signficant effect on inflation rates?

    You can’t reasonably expect to use the regularity of tides (which are not entirely regular anyway – they’re the result of a…[Read more]

  • wayneL replied to the topic The Trap Is Set in the forum General Property 20 years, 7 months ago

    Originally posted by kay henry:
    Bionic,

    Inflation is lower than it has been for 4 years (since the inception of the GST, where inflation, as measured by CPI came in at 6%!!). The annual inflation rate came in this week at 2%. That is in the bottom range of the Reserve Bank’s target of 2-3% inflation.

    Where does your prediction of rampaging…[Read more]

  • wayneL replied to the topic Motivational Tools in the forum Heads Up! 20 years, 7 months ago

    Originally posted by Aceyducey:
    Yup,

    I like motivational tapes.

    You can find a surprising variety of them at the local library – so consider your options before forking out big bucks.

    New tapes aren’t necessarily ‘better’.

    Cheers,

    Aceyducey

    Agree, the best program I have ever listened to is over 20 years old. It was by James Rohn, can’t…[Read more]

  • wayneL replied to the topic Do the sums work out? in the forum Opinionated! 20 years, 7 months ago

    Yeah! Just do it!

    Just don’t do it like the kiwi investor mentioned in todays Financial Review…or the first home buyers with negative equity mentioned by Aussie John in the same article.

    Cheers

    http://www.tradingforaliving.info

  • wayneL replied to the topic Too big Too soon? in the forum General Property 20 years, 7 months ago

    Originally posted by kay henry:
    5 units @ 80k each seems prety good- PARTICULARLY if they are on the beach!

    Bear in mind, that 40k return is 5% yield on 400k. Are the units strata titled? Are you into reno’s?

    Oh Kay! Your mathematics!!!!

    40,000/400,000 = 10% [grad]

    http://www.tradingforaliving.info

  • wayneL replied to the topic what would u do with 600k cash?? in the forum General Property 20 years, 7 months ago

    Originally posted by SuperTed:
    I would buy $550K of NAB shares. Highest yeilding bank share atm (and fully franked).

    (deleted) chastising myself for being negative.

    http://www.tradingforaliving.info

  • wayneL replied to the topic Bye Bye NSW Property Market (long) in the forum No Subject 20 years, 7 months ago

    Originally posted by mysta:
    I started voting for the Greens about 6 years ago, it was as far away from the Lab’s & the Lib’s as i could get. I suggest we should all do the same as these guys are not worthy of our hearts and minds.

    Warning![offtopic]

    In principle this is a good idea. But, notwithstanding their stand on environmental issues,…[Read more]

  • wayneL replied to the topic Bye Bye NSW Property Market (long) in the forum General Property 20 years, 7 months ago

    Originally posted by Jerzy Balowski:
    …and you have the Tories in Canberra to thank for that.

    LOL!!!!! (SLAP!)

    Wake up and smell the coffee! I rather think it was a bipartisan effort.

    http://www.tradingforaliving.info

  • wayneL replied to the topic Caution – Brisbane/Perth markets in the forum General Property 20 years, 7 months ago

    Originally posted by cobra8272:
    Housesonly certainly seems to know his stuff but then so do the respondents.
    Again i think some areas will decline others increase.
    Here in Perth we seem to have some growth left as employment is up and we are far behind Eastern States.Same as 2years ago

    I have just moved from Melbourne to Perth (Home[biggrin])…[Read more]

  • wayneL replied to the topic I am NOT impressed !! in the forum Opinionated! 20 years, 7 months ago

    Originally posted by Pisces:
    d
    Who don’t they also also apply the same tax to share investors ?

    JEEZUZ! Don’t even say that in jest! They might hear you!!!!!!!!!

    http://www.tradingforaliving.info

  • wayneL replied to the topic Caution – Brisbane/Perth markets in the forum General Property 20 years, 7 months ago

    Hmmmmmmm, I seem to recall all these same arguments being presented some years ago…..just before the last bust!

    http://www.tradingforaliving.info

  • wayneL replied to the topic Opinionated! – Where are they? in the forum Opinionated! 20 years, 8 months ago

    Originally posted by Pisces:
    Wayne, I enjoy your writings but I have my doubts about your grasp of geography.

    I note that in your personal details it shows as :

    User Name: wayneL
    Location: perth, VIC
    Australia
    Total Posts: 359

    Perth ? Victoria ?

    I understand that there is a Perth in Tasmania as well but in Victoria ?? [rolleyesanim]…[Read more]

  • wayneL replied to the topic Opinionated! – Where are they? in the forum Opinionated! 20 years, 8 months ago

    Originally posted by Aceyducey:
    I love doomsayers.

    It seems we have an instant rapport! I love naysayers too! :)

    Personally I think you’re overlooking a number of events in your claims of thirty years of economic growth….1987 correction, DotCom crash, Asian crisis, 9/11 crash, South American crisis, etc.

    Yes, true! but if you will carefully…[Read more]

  • wayneL replied to the topic What’s most important 2 U in life??? in the forum Opinionated! 20 years, 8 months ago

    Well said Pisces,

    Hypoglycemia is a hidden epidemic.

    I would urge everybody to take more interest in their health.

    My additions to the list in no particular order:
    Friendship
    Love
    Balance
    Spirituality

    Hopefully the above can be achieved with those closest to us…spouse, family etc

    My old man used to say: Money only makes poverty bearable!…[Read more]

  • wayneL replied to the topic Opinionated! – Where are they? in the forum Opinionated! 20 years, 8 months ago

    Originally posted by kay henry:
    wayne,

    Inflation is again predicted to be within the target range of between 2%-3%. Last year, it was 3.2%. the year before that 3.4%. The only wild variation was after the implementation of the GST, when it was 6% a few years ago (2000-2001).

    I believe inflation will be around 2.4% this year. We’ll have to wait a…[Read more]

  • wayneL replied to the topic Opinionated! – Where are they? in the forum Opinionated! 20 years, 8 months ago

    Take note of Bill guys, he has been around the traps long enough to observe the cycles.

    Also have a read of “conquer the crash” by Robert Prechter…just to realy give yourselves a fright.

    Here is an excerpt from an interview he gave in 2002

    >>”Now the fascinating thing is, to me, what you just brought up and that is
    the Grand Super Cycle, as…[Read more]

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