Forum Replies Created
Wayne.. ahhh the penny dropped ! [
]
It means aim high, shoot for the stars, go for broke, and all those good things..But if you aim for the ground, you may strike “OIL!” too LMAO !!! [
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)Oil?????Hey!!!!!! great idea!!!!
I’m always one for hedging; lets have a spear going in both directions…bound to strike something of worth[
] HAHAHA
[Im still trying to work that one out… []
I have a confused look on my face..[]And if you aim your spear at the sun, you have more chance of getting a spear lodged in your head LOL … [
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)Well, it made sense to the Greeks..ROFL.
It means aim high, shoot for the stars, go for broke, and all those good things[
]Cheers
WayneI’m going home to Perth next month, and I cant wait.
Been homesick for 15 years……
Welcome back Steph[
]
****** STAND BACK PEOPLE !!! *****THE TESTOSTERONE IS GONNA BLOW!!!!!!! hahahahaha
Come on fellas…lighten up. If we cant agree like adults..are we gonna get all pi$$y and pout in the corner? I think not..
Now…the BBQ….november sometime. A kid friendly atmoshpere….a park….half naked male slaves…maybe Steve can shout the lobster? Blind folds for the children and those under 21 LOL
Ohhhhhh….maybe a theme BBQ!! Property Investment and Bondage. A leather get together… lmao !!!! [}
][}][}][}]LOL Pinky,
Like I said earlier, I’m just trying to get my post count up[
]November!!!!!!![
][][] I will have left Melbourne by then….damn!!!!!
g’day wayne – yeah i know. its called forum fatigue.LOL, I hear you.
I’m just trying to get my posts up so I can get my 3 silver stars, so forgive me in the future for repetitive waffle[
]Aussierogue,
Thanks for the input buddy.
But if you look there are plenty of new* members of this forum, who haven’t read it all 300 times like you have.
Invented the wheel?? LOL. Its all just part of the cycle[
]. Its all happened before a hundred times.Wayne
“Be careful not step on the flowers when you’re looking at the stars.”
Sue, I just love that quote.
Re: share investing.
If you want to invest long term, read the book “Buffetology”. There is no better. It basically teaches you to look for value in the sharemarket(you won’t find much value atm[
] unless you look real hard), and view the shares from a business perspective.If you want to “play” the market, I would advise you to learn some technical analysis……(in itself a minefield with a lot of BS and seminar sheisters)
Don’t pay thousands for seminars there is nothing you cant learn out of a book, (or free from my website if I ever get it finished[xx(])
Visit some sharetrading forums and find the “REAL” traders in them. They are only too happy to help, just like the good people here on this forum.
And its not that hard……K.I.S.S. (Well, your mind can make it hard, but the mathematics and techniques are easy)
Wayne
Saying that share are more liquid doesn’t help you too much if you wake up in the morning and see “$250,000 investments crash to about $110,000 within an hour of the market opening”! No matter how quick you are you are likely to incur a massive hit in those type of circumstances.This is very true housesonly.
But if we examine the period in question(1987):
*The total fall of the market, although dramatic, in time terms only represented 15 previous months gains. In other words there was a TREMENDOUS run up in the market prior to the crash (much like the property market today; ominous eh?)
In the period from July 1986-September 1987….14 months… THE MARKET DOUBLED. Thats like todays market market going to 6300 by christmas 2004.
The market basically was red-lining for too long and blew a piston out of the block.
Those who were hurt the most were the late comers.
Just like the new property investors of today (unless they are smart enough to do it right….hmmmmmm)
*Unlike the property market you can hedge yourself via shortselling a portion of your portfolio, buying put options, or sell SPI futures (not so easy at the time but dead easy today) so in any share market crash, we stand to gain much as well as taking a hit…..a net profit for those with experience.
The market immediately before the crash had SELL written all over it. People should have been out of the market or hedged their positions. In the weeks before the actual crash the market decined about 10%. That should have been enough to convince people to do something about their portfolios.
Anyone who plonked 250K into the sharmarket in september 1987, didn’t do their homework.(hmmmmmmm, just like so many new property investors of today[
])wayne
Billfromoz,
I totally agree with your “blood in the streets” scenario.
But I was interested in your comments re wrapping also only being good in a rising market. Can you expand on this statement and explain why please.
My thoughts are as follows (based on many hours of inexperience[
][]):I was considering wrapping as a hedge against falling/stagnant markets. In answer to the question would I wrap to a family member or mate in the current market?
The answer is a qualified yes…..ie providing the deal makes sense for both of us. A wrappee is genarally not interested in capital gain in the short term, they just want to buy a house and the banks dont want to come to the party. Eventually they will get their capital gain.
Also, will the market actually crash 30%?…Well I think it will IF interest rates start trending up strongly, otherwise I think a long period of stagnation is more likely.
But I believe a correction in prices is on the cards, because interest rates will rise eventually.
Wayne
Muppet and Betty, []Thanks for that, I didnt know that they got such a high percent.
Spare a thought for landlords in the UK. Pommie property managers charge 12.5%-15%[
]However it must be said that gross yields are generally higher there.
WAyne
BTW
what’s the difference between a baby and a seagull?
*********************
One flits along the shore, and the other……
[}
][]
WayneThe Taoists regard seriousness as a sign of spiritual immaturity.
My own opinion is that life is too short. A bit of a riddle and a bit of a laugh never hurt anyone.
Cheers[
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]. Its all happened before a hundred times.
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