This might be a little of topic. I'm 30 and have about $75,000 super currently invested in growth which i believe is about 75% Australian equities. In a sharemarket slump should i be putting it in something safer like cash or since i dont intend on touching my super for atleast 30 years, i should just ride it out. Any thoughts.

L.A Aussie wrote:

devo76 wrote:
I am 30 and only just starting to head down the investing road. 6 months ago i believed that if you bought a house it will double in value every 7 to 10 years. Now i know there are other drivers that control prices and none  are looking that great for the next few years. But if i was given the chance not to buy…[Read more]

Sorry i forgot to add i have another asset that i will sell reducing my PPOR to around $50,000 in a couple of months.Still probably a bit optimistic but thats the plan im trying to achieve.$200,000 i wish. About half of that

There is a house in my town  that has four bedrooms,three bathrooms,a sun room, Then out the back is a self contained granny flat with another big room with water connected above it. All have there own entrance. Asking $400,000 but has a lot of potential.Centrally located too.

Thats the sought of thing im looking for although i dont like what i see. Thanks foundation. Any other interesting graphs ??

I am 30 and only just starting to head down the investing road. 6 months ago i believed that if you bought a house it will double in value every 7 to 10 years. Now i know there are other drivers that control prices and none  are looking that great for the next few years. But if i was given the chance not to buy my IP 6 months ago i still think i…[Read more]

I have a few thoughts on this.Although it may help some people who are ready and should buy. It may also allow people to purchase a property when maybe they really shouldnt. And this may also push the prices up a bit again.If the difference between buying a property and not affording one is the doubling of the FHOG then i would be carefull.

It was a misunderstanding. Thanks for bringing it up again. Ha Ha Ha. But i would also be interested in hearing a bit of a break down of how you did it.

I agree. Sell at the end of the year. If it goes up more,well i still made  over $100,000. If the market drops,i have timed it well.I guess the key is if i pay my house of dont sit around doing nothing. Get in and invest some more.

No it does not produce a income but its holding costs are insurance only at $400 per year.My thoughts are as you stated. Hold on while the rise in value is more than the interest cost on my PPOR. At the moment it is easily doing that.I guess you could call it cash flow neautral but showing good capital gain.

I guess i should add, My car is a holden hsv walkinshaw with 9,000 klm from new. Not bad for a 20 year old car.Most people in the know agree  this is the new breed of collectable car from the 80,s selecting it as well as the vk brock to be the most sought after in the future

From what others have said on this forum. The 11 second solution is not relevent in todays market. Maybe some mining towns but you must research as capital growth may be little.The general idea for positive cash flow seams to be to find a property bargain that with cheap renos would enhance its rental return markedly. ( maybe a coat of p…[Read more]

wealth4life.com wrote:
Hey Devo76 or should i say … no not at the moment,Any way you grubby disgusting little man or who ever you are CRAP on you … why are you on this site attacking people for achieving their goals … I/we have been investing for over 25 years how about you big boy or are you a dreamer still living with mummy … go away…[Read more]

wealth4life.com wrote:
Hey Devo76 or should i say … no not at the moment,Any way you grubby disgusting little man or who ever you are CRAP on you … why are you on this site attacking people for achieving their goals … I/we have been investing for over 25 years how about you big boy or are you a dreamer still living with mummy … go away…[Read more]

L.A Aussie wrote:
Devo, you're outta line. Instead of saying CRAP, you should be asking; "how did you do it and can you help me do it?"I know a guy in L.A who owns 30 apartment buildings. He employs 2 full-time realtors just to look for properties for him.Just because you haven't done it doesn't mean it hasn't been done.

Hang on hang on hang…[Read more]

wealth4life.com wrote:
37 at the moment …D

CRAP. Is that how many IP,s you have or how much money you have in your wallet. Well done.

sunsetred wrote:
Hi Devo & Freeman,Thanks for your reply, Yeh there are a lot of ifs involved in this isn't there.Sometimes it hard to know what to believe,  Can I ask you guys what you mean by protecting yourself? Do you mean insurance wise or an escape plan?My hubby is a bit of an extreamist, if it's loking bad it's like the world will end so…[Read more]

I am not as clued up as some people on this forum but after hearing all the info thrown about i too believe we are heading for a recession. As for when, thats the hard bit. I believe if it wasnt for the resources boom and a few other key things we would be in one now.People are going to be for ever poping up saying its only six months away and…[Read more]

crashy wrote:

L.A Aussie wrote:
If youj buy and never sell there is no such thing as a downturn.

when did sticking your head in the sand become an investment strategy?

How is that sticking your head in the sand.If you can hold on its the smartest thing you could do.Your not ignoring a downturn your missing it all together.

Good response. Well i knocked back a block of three units in a lesser area that went for $405,000 but they were two bedders as apose to the one im looking at now( 4 by 1 bedders i think).Im thinking high $400,000 to low $500,000.Guess i need to see rental returns and condition up close before i go any further.I think the best aspects of this…[Read more]