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wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 10, 2003 - 6:52 am
quote:
In the short term, certainly.
But it doesn’t look easy to me, so I suspect only the most dedicated will stick with it long term. When the bubble bursts, the hunt will be on for many people to find the “next” big thing – back to shares?
cheers,
Darren.
Hehehe, shares have always been a big thing. You hit the nail on the head in your post when you mentioned “the dedicated”!
The dedicated always find a way of prospering in any market.
Someone will always be making a buck out of property, just gotta figure out how to do it in a flat/down market. Easy to do in shares….there must be a way in real estate too.
Wayne
wayneL
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@waynel
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Post Count: 585
September 10, 2003 - 5:58 am
quote:
, but if your an investor why get nervous? as long as my properties are cash positive, i’m happy to own property.
regards westan
Westan I couldn’t agree more. If I already owned an IP or 20 that were $+, no way would I be a seller. Just not a buyer atm (unless a great deal smacks me right in the chops [][:0)])
The only reason I sold my PPOR is to return to the land of milk and honey(and flies)….my native Perth[8D]
Cheers
wayneL
Member
@waynel
Join Date: 2003
Post Count: 585
September 10, 2003 - 5:15 am
I think prices will double!!![]
Just don’t ask me when or what convolutions will happen in the meantime.
I just sold my PPOR….and I am not a buyer until I find value.
I am expecting some value to emerge in the next couple of years.
Just my take on the situation.[:0)]
Wayne
wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 9, 2003 - 12:52 am
quote:
– however, I am a little worried about the risks associated with it as I would find it extremely hard to recover if I were to lose money – could you tell me whether you consider me at a high risk because of my age and incapacity to earn money by working?
Hi delyse,
The people here are mostly very positive thinking and gung ho about property investment and tend to play down the risks.
But in my opinion the risks are there for new players such as you (and me[])
I make my living from the stockmarket where there are many risk minimizing strategies that one can use, but with property it is harder.
All I can say is do your research, dig deep, there is a lot more to this than meets the eye.
Anyone can make money in a boom market. When it flattens out things will be different!!!
That being said, some of the strategies here have merit even in a flat/down market.
Good luck
Wayne
wayneL
Member
@waynel
Join Date: 2003
Post Count: 585
September 8, 2003 - 11:57 pm
Hello Scremin
When sending important emails, can alway request a “read receipt” that will let you know when the email has been read. Also it is proof that it has been read if they deny recieving it.
In outlook express, go to tools/options/receipts and then check the read receipt box.
Cheers Wayne
wayneL
Member
@waynel
Join Date: 2003
Post Count: 585
September 5, 2003 - 6:49 am
quote:
Lessons I have learnt along the way and often remind myself of.
Property is cyclical as is the stockmarket.
Things are never different this time.
Because you have made money in a boom doesn’t make you an expert.
Cheers,
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985
Simon,
That is the most sensible thing I seen written on this forum.
A lot of sharetraders learned that lesson not too long ago.
I learned in 1987[]
Cheers Wayne[:0)]
wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 5, 2003 - 2:01 am
quote:
Ventura
I am in a similar boat to you. I think you are better to buy a IP and rent yourself provided that the rent youpay does not exceed what you would otherwise be paying in loan payment on your own home. This way the interest on your IP is tax deductible and so are all the other associated expenses with an IP. By renting yourself, you may be able to obtain a better property than you otherwise would if you had to buy your own home to live in.
James[]
I agree,
Just flogged my ppor to move back to Perth and rent is dirt cheap there. In the areas I’m looking in rental returns are 3-4%
However I will buy a new ppor when I find some value.
Meanwhile I will have my eyes skinned for some ip/wrap/reno/development opportunities.
Wayne
wayneL
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@waynel
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September 5, 2003 - 1:34 am
Also, one must look deeper than the marginal tax rates on income.
We have multiple layers of taxation; therefore we must look at the overall taxation burden, which in Australia is in excess of 50% and the second highest in the developed world.
Going back a few years our welfare bill was A BILLION DOLLARS PER WEEK.(dont know what it is currently)
Thats about $120 per week per taxpayer.
Unnacceptable
Wayne
wayneL
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@waynel
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September 5, 2003 - 1:15 am
quote:
It’s not bad if you don’t have to make regular repayments on a loan. Unfortunately dividends aren’t paid weekly so you end up with a cash flow problem.
Not necessary so.
A margin loan can be structured to capitalize interest so regular payments aren’t necessary (which is my preferred way)
Or alternatively you can use installment warrants which were mentioned on another thread.
Cheers
Wayne
wayneL
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@waynel
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September 4, 2003 - 11:49 pm
quote:
freby: gotta ask, why do you want to minimise tax?
’cause it is way too high in this country and it is mis-spent on bribing voters!
A ridiculously small proportion is spent on schools, hospitals etc.
wayneL
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@waynel
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Post Count: 585
September 4, 2003 - 2:00 am
Very interesting westan,
Median price is an interesting statistical figure. Athough it is the best figure available for an overall picture, I wonder how it would look if we segmented the market into different catagories.(don’t know what the catagories should be…maybe the median price of the cheapest 25% of properties and so on up to the most expensive 25%)
The top end of the market seemed to take a big hit in the early nineties.
The most expensive quarter of the property market could have gone down 25% without affecting the medain price of the overall market, but would have affected the mean .
This is perhaps where BOTH the mean and the median price should be used to get two separate statistical views of the overall market.
Then we could make a more informed decision as to which particular sector of the overall market is more able to preserve values in a flat/declining market.
Also would love to see suburb by suburb or shire by shire statistics. Doe anyone know if these are available?
Cheers Wayne
wayneL
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@waynel
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Post Count: 585
September 3, 2003 - 5:06 am
ROFL…my mathematics[]
Correction: In the AMP case above we would have lost $9,880 not $3,880 which is -617.5% not -242.5%
oops[]
cheers
wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 3, 2003 - 2:56 am
What is mezzanine finance?
Wayne
wayneL
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@waynel
Join Date: 2003
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September 3, 2003 - 2:22 am
Alf
There are several good trading forums around.
One of the better ones is http://www.reefcap.com
Mainly serious traders there with a minimum of the rubbish found on other trading forums.
There are also several trading chatrooms for the screen jockeys.
Cheers Wayne
wayneL
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@waynel
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Post Count: 585
September 3, 2003 - 2:10 am
Oh yeah,
Should mention one other thing about trading. Open profit is not profit. Profit can only be counted once the trades are closed.
Crashy’s strategy outlined above, unless it is now closed, is now $30.00 in the red.
Again, not having a go at you crashy, but just showing the reality of trading.[]
Cheers
wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 3, 2003 - 1:45 am
quote:
MY last 100 trades are irrelevant, Im not asking people to let me manage their money, Im educating them so they can manage their own. Secondly, its easy to lie about past trades, impossible to lie about a trade in real time, plus people are more interested if they can watch it happen before their eyes.
By the way, its now 16% !
A noble pursuit Crashy.
But, in my experience as a trader my last 100 trades are VERY relevant….so are the next 100!!!!
A 500% profit on one trade is irrelevant in the broad scheme of things, if the trader is behind at the end of the year.
Trading cfd’s is great for screen jockeys like you and me. It is less appropriate for people with an investor mindset.
Most good traders start their career losing a significant wad of cash before they figure the game out. This is an phenominum that is important to point out to people who are contemplating having a bash at trading.
I am not trying to bag you m8 but I know so many people who get involved with trading who have unrealistic expectations both of the market and themselves, who end up getting hurt. All because the seminar/book/newsletter sellers sugarcoated it.
One example of things that can happen to a trader:
Lets say that we were long 4000 AMP prior to 05/05/2003 @$8.00- A trader would be very justified in having this position
Our Cfd margin(ie our investment) at 5% is $1600
on the 5th of May opens at $5.53 and we are stopped out
We have just lost $3880 which is -242.5% on our investment!!!!!!!!!!!!
Thats why previous and subsequent 100 trades are so important! Its the bottom line at the end of the year that counts!!
Cheers
Wayne
wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 2, 2003 - 12:28 pm
Crashy,
Lets have a look at your last HUNDRED trades to give the readers here a fair idea of the true return.
Losses are a part of share/derivitave trading also.
But in fairness to crashy a successful trader using CFDs can have a return on capital in the 100’s% per annum[]
Cheers
Wayne
wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 2, 2003 - 9:46 am
quote:
tks mini
i got astrid from reading about John Lennons ex and i liked it.
is it ok to give your daughter a german name even though she’s an aussie??
Hey aussierogue,
My wifes name is Verena which is a german/swiss name…..but she is as british as thay come, so go for it!!!!
Congrats on the new addition!
Cheers Wayne
wayneL
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@waynel
Join Date: 2003
Post Count: 585
September 2, 2003 - 4:08 am
It’s pretty hard living the life of Reilly on anything less than 200-250k these days[]
Will get there one day! Just hope that buys more than a loaf of bread and a pint of beer by then[]
Cheers Wayne
wayneL
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@waynel
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Post Count: 585
August 27, 2003 - 3:15 pm
Great question Caddy,
This is what I was trying to arrive at over on another thread. Interest rates ARE the big issue that investors will have contend with sooner or later.
Historically property prices have not corrected without the catalyst of a rise in interest rates….which will come sooner or later.
A significant rise in interest rates will well and truly put the cat amongst the pigeons.
I am VERY interested in the answer to this question.
Fixing interest rates for as long as possible is obviously part of the solution for the wrappor, but doesn’t help a lot when the wrappee wants to refinance or when the term ends.
Cheers
Wayne