Hi guys
its easy to look back at yesterday and say wespac rose 2% yesterday. Tell me what will rise tomorrow ????????????? See you can’t do it
SIS if it is so easy , tell me a stock that you can sell for a 2.5% profit. Tell me one tonight that if you buy it at close of trade that will be 2.5% higher by close of trade Monday, If it is i will give you $100, if it isn’t up 2.5% on the day you donate $10 to a chatity of my choice. My purpose in doing this is to show its not that easy in reality.
I’m with you yack average people don’t make big money from short term investing/trading. Yet i know many who have made over 1/2 million in the past few years in property.
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Guys, guys, please!!!
Look, does it really matter anyway??? Whatever works for you, then go forth and multiply!!!
As for me, property has served me very well. To name but one example, I bought one IP in 1984 for $175K and sold it in 1994 for $925K….do the math!!! Shares maybe able to do likewise (I don’t doubt it) but they can (and have) worked the reverse too!!!
I believe the trick with high risk shares is quite simple; if you can write-off the 10K you’re going to trade (and not care if you win or lose) then fine, knock yourself out!!! BUT if it means having to borrow it to start with….I’d think long and hard about it!!! A fool and his/her money can soon part ways very quickly if due diligence is not exercised, no matter what method of transport (vehicle) they boarded!!!
Jo
Hi all
Monopoly
Guys, guys, please!!!I only see healthy giscussion, no personal attacks. My comments to SIS and Rugby are no way meant to be personal i like and respect these guys.
regards westanI live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Sorry Westan, maybe I should have included one of these [laugh4] or these [lmao]
My comment was not aimed as a disciplinary retort. I am sure that there is nothing but respect between you all.
Jo
i think monoploy is right ‘whatever works for you’. i would also add it has a lot to do with timing!
there is a lot to be said for specialising even in investing. the idea that you should try and be equally proficient in many different investment types i think can be wrong.
its like business through the 80’s and 90’s. first it was about specialisation, then it moved to diversification, then cross polination, then now again back to core business. its like saying to mc donalads – ‘are you in BURGER business’ or ‘are you in BUSINESS’. Mc Donalds will infact tell you there main business is Property as they own more property than the catholic church.
so the answer to aceys question is that ‘it all depends’! no right or wrong answer.
if you diversified in the mid 90’s like i did – you, like me, wld be saying ‘why didnt i specialise in property only’!!! and the cycle continues and then goes the other way…
diversify, specialise, diversify, specialise….
do what works for you, stretch your boundaries, do what works for you, stretch your boundaries….
there is a time for everything!!
im tired – its friday!!![baaa]
Originally posted by westan:Hi all
Monopoly
Guys, guys, please!!!I only see healthy giscussion, no personal attacks. My comments to SIS and Rugby are no way meant to be personal i like and respect these guys.
regards westanWestan [whip]
You’ve been told now![laughing]
“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly proclaiming . …… Hell, what a trip !!”
Hi Westan,
cant predict the market, but with good technical analysis, can have a better idea and depth of which way the market is moving in the next few mins and towards end of day trading…
will be buying JHX stock (again), on Monday depending on the Intraday technical analysis, even after the recent lawsuit and the 9.2% drop on yesterdays earlier morning crash… but this stock at this price is bargain buy… had a nice 20cent movement range today… and plenty of times to sell back the stock at a quick profit… with a few intraday trades on this one, small quick profits can be taken and amounted very quickly..
Cheers,
sis…though im also happy to admit, that i do win and lose money on stocks, but i do cut my losses short and let my profits run…
Cheers,
sisSIS
OK i’ll see how it goes on monday, maybe i’d better trade it to make the $100 i’ll owe you if you can make 2.5% on the stock. Actually, maybe i buy a swag and sell all day to push the price down. Let us know what price you buy at as soon as you buy them.
cheers
westanI live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Hey Westan,
lol, dont do that… after JHX bearish action, its been a bull’s markets morning followed by a bearish afternoon action…
lol… this stock is putting the food on my table.. lol
Cheers,
sisOriginally posted by westan:I’m with you yack average people don’t make big money from short term investing/trading. Yet i know many who have made over 1/2 million in the past few years in property.
No problems Westan & Yack – do what works for you
However just because you couldn’t make another investment type work for you, don’t assume that no-one else could.
No serious investor is ‘average’….you’re already well above average if you buy a single IP!
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
Hi acey
you’ve misunderstood, there is plenty to be made in stocks, but remember 90% the promises you here in those stock trading causes is hot air. You just have to have realistic expectations, sure learn all you can and use the market to make a dollar but there are plenty of experienced investors who get burnt all the time. I’ve been around long enough to have meet many of them.
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Originally posted by westan:Hi acey
you’ve misunderstood, there is plenty to be made in stocks, but remember 90% the promises you here in those stock trading causes is hot air. You just have to have realistic expectations, sure learn all you can and use the market to make a dollar but there are plenty of experienced investors who get burnt all the time. I’ve been around long enough to have meet many of them.
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
Sadly, this is correct. As much of a sharemarket fanatic I am, it isn’t for probably 90% of people. Most probably the reason is psychological, plus lack of adequate knowledge (which is not supplied by sharetrading courses)
So Yack is correct really. Property is a better investment for the average Joe.
The way a trader turns 10k into 500k or more bears no resemblance to what is taught in most trading courses. (Most people who teach trading aren’t traders!!! HAHAHAHA)
Cheers
No shares for me.
Someone else controls my destiny.
Also, these big public companies…all the cars…all the lunches..all the first class business trips, all the overpaid executives.
My overheads are just ME.
You never get the real profit.
Yes, I have had shares, lost some money and made some money.
But, relate to this, I have 8 IP’s, never vacant more than 2 weeks, the rent goes straight into my bank account.
And every year I get about 10% rise in equity, just for sitting back and doing nothing.
I want to sleep at night and know that even in the next few years, I’ll know what my income will be, and approx how much my properties will rise in value. AH, Ah,.
PROPERTY LIFE IS GOODHorses for courses.
As long as you enjoy doing what you do …..do it. I have had a few properties and I have played with shares. I personally believe that the market (property,shares,etc.) dictates to you what is the best investment at the time. That is why I am happy to have sold off some property and be using the money in the share/futures market at present. I am an opportunist and I want to seek the best place to park my money so I can achieve the greatest returns. I know what I like to do in property and I will wait till the market allows me to do this on a decent scale again (and I will be back boots and all). I guess I do what I am comfortable with and that is good. If you hold property only or shares only great..diversity is cool. Find your path and then walk it…………..Enjoy
AD [:o)]
(Andrew)“Work joyfully and peacefully, knowing that right thoughts and right efforts inevitably bring about right results.”
Good Fella
Well summed up – could not agree more.
but wait…
lets say, once property is out of reach and affordability for the majority for most people…
… then who is going to continue to buy property and to push the prices of property up…. ?
with this in mind, any person who has a few dollars saved up can enter into the share market, and use this as there investment vehicle…
this is just food for thought… (property prices, begin to peak and affordability is almost out of reach… where do you go to make some profits)
Cheers,
sisVery true, sis. I see shares, though, as a lot like putting money on a horse. You can study the form guide, check out the horse’s history, know the jockey’s form, test out the track conditions… but at the end of the day, there are still so many unknowns. The thing with shares is, it is like putting money on the horse, and keeping it there race after race. The horse is winning, then he is coming second, then he falls right behind, then he picks up again- phew- rollercoaster ride.
I chose, many years ago, not to ever buy shares (although there’s an articlew in todays news.com.au about the rise of “ethical shares”). But I have seen, over too many years, the results of economic rationalism, including things such as job cuts, on the price of shares. I don’t wanna make wealth from OPM (other people’s misery). I still have a notion of people before profit, as passe as that may be
kay henry
Kay,
But you don’t see that property investment having forced housing out of the reach of low income earners, the disadvantaged, etc, as contrary to this socialist ideology?
The whole premise of property investing is rising values, rising rents…..hopefully in excess of CPI. Who are we leaving behind here?
WayneL,
Adopting a socialist perspective (albeit admirable) will not lead to wealth creation. Regardless of what type of investing you choose, if you aren’t capitalist focussed, you will not generate enough wealth to put you in the higher ranks, unless of course you’re Mother Teresa!!!
But then, not everyone is trying to achieve this type of eminence!!![angel]
Jo
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