The real trick is, not what the sharemarket as a whole is going to do, but rather what particular stocks are going to do.

For example Orica; it went quite well right throughout the recent bear phase. But from 1997 to late 2001 it was a real dog….which was a bull market.

Something will always be going well, no matter what the state of the…[Read more]

I get Brian Tracey’s quote of the day by email….todays is:

“Character – the willingness to accept responsibility for one’s own life – is the source from which self respect springs.” – Joan Didion

I particularly like this one. So many in our society (not including forum members) fob responsibility for their life off onto somebody else.…[Read more]

On Sanfords site today:

QUOTE OF THE DAY

“I’ve read about foreign policy and studied — I know the number of continents.”
– George Wallace, 1968 US presidential campaign

[]Wayne

http://www.tradingforaliving.info

quote:

Sounds as if you are talking to a Financial Planner that is tied to an Insurance Company.

This has always struck me as enethical at best, bordering on criminal at worst. Unbiased, good financial advise can mean the differmce between living well in retirement and being uncomfortabley lacking in money and reliant on welfare.

These people…[Read more]

Thomas,

I have always used Metastock so can’t comment on other programs.

The thing that I have found, is that so many people use Metastock, that there is always somebody able to help if you have a problem.

You are aso able to code in your own indicators….a brain exploding exersize when learning to do so, but always someone who is willing to…[Read more]

Making Plastic,

I have a question for you:

If you wanted to play World Cup Rugby, what would be more important to you? Who made made up the rules; or winning the game by playing by the rules?

http://www.tradingforaliving.info

quote:
still pay all the transaction costs ($25k stamp duty on a $1mill purchae)

Cheers

Where do you live? Where I live it is substantially more than that. I just payed more than that in agents commisions to sell[]

http://www.tradingforaliving.info

Westan, Mini,

Great posts, and agree with the both of you. I sold my PPOR in Melbourne purely to move back to Perth, which I have now done (Yay!).

Renting for a couple of years to wait to see what happens, I think prices will come off a bit. How much ????? who knows.

Meanwhile, I’ve got plenty of time to study property investing before the next…[Read more]

simply add them all together.

you have assets valued at $850,000 and loans of $602,000

602,000 divided by 850,000 = 70.82%

http://www.tradingforaliving.info

It all in the name Con… er Comdom[]

Loan-Valuation-Ratio

i.e. Loan divided by Valuation.

e.g. Asset is valued at say 100,000 and you have a 70,000 loan against it.

LVR = 70%

Then lets say that your asset appreciates in value to 140,000

your LVR is now 50%

Cheers
Wayne

http://www.tradingforaliving.info

quote:
Isnt charting auction clearance rates easier?

http://www.posigear.8k.com

Yes, why not put that into the equation as well! The more data the better.

http://www.tradingforaliving.info

Hi,

What Bill is proposing here is basically the technical analysis(or charting) of rental data.

I don’t know why more people don’t do this….apart from the fact that it is cumbersome and difficult to do.

I think the same should be done with price data, both house prices and rental prices, (a little easier to do) and one would see the…[Read more]

Hmmmmmmmmmmm……I don’t do too shabbily for a sucker. But agree with non-directional strategies when the time is right…..Hang on a minute! aren’t you the one who reckons the R/E market is going down 30%. (BTW I tend to agree…well maybe not 30%, but a fair bit)

LOL I love the shameless self promotion though.

Pinky,

I’m with you. From a…[Read more]

quote:
How’s this for prices gone mad. In South Frankston I was rung by an agent in March and offered a two unit site for $180,000. Story of my life, I waited a week and then it had already sold.

It’s back on the market unchanged but with permit for two units at $450,000 to $480,000.

This can’t go on!

How will anyone make a profit paying…[Read more]

quote:

In the meantime go long the SPI and S&P500 on either Friday 17th or Friday 31st Oct.

Bill

Bill,

I’m actually dying to take profit on longs and short the SPI. The market is at key resistance levels right now and we have had 9 up days in a row in the cash market; a reasonably rare occurance.

We have enough room for a down swing before…[Read more]

quote:
Am I allowed to surrender the bet and we all drink the wine now?

NO, NO, NOooooo….. I’m looking after the stake!!!! Deliver to my house for safekeeping forthwith!!! AHAHAHAHAHAA!

quote:
Perhaps “Gender” is a better, and less distracting, term to use.

Michael

Loosen up dude. Life is short, have fun![]

xyzzy, Billfromoz, aussierogue,

Seeing as I am sitting on the fence in this one, I volunteer as custodian of the booty until til bet is settled[]

I’m trustworthy, I swear…..I don’t even own a corkscrew…I promise!!!!!(fingers crossed behind my back)[}][}][}][}][]

Just a point on newspaper advertising.

It generally takes several weeks of consistant advertising to get any sort of a decent response.

A very expensive medium.

Here in melbourne, there is plenty of competition for investment/trading courses. Everyday I open the paper; promises of millions next week trading options….my father thinks I rob banks….etc.

People won’t go for courses in a big way until the market tops again IMO.

Wayne