Forum Replies Created
I would have thought that referring to the forum as being made up of “worshippers” was a touch condescending myself, but that’s just me.
Anyhoo, back to the grindstone.
Cheers
rOriginally posted by Ali G:I still think it is a good idea… hang on, I KNOW that wise investing is a great idea.
For that reason alone stick with it… don’t listen to the doomsayers. Just keep your plans to yourself and keep plugging away. If you ask a lot of people here they’ll tell you that they wished they’d started earlier. Investing is one of the smartest things you could do at your age… just don’t forget to have a life as well, at the end of the day it’s only a means to an end.
Cheers
rHi Scotty,
I don’t think anyone here is overcome by a collective fear… I think it’s good to have an idea of what COULD be coming and plan accordingly. All part of being a prudent investor IMHO. It’s a fact that economies move in cycles, and that people win and lose all the time. The key (obviously) is to make the right plans to be on the right side of the coin. If that means treading carefully or waiting a little while, so be it. It’s not a smart thing to be gung ho ALL the time IMHO. From what you wrote it seems you have your head screwed on right, but it’s a fact that a lot of people don’t, and they’re the ones who will suffer a bit.
SIS, the oil price was so high back then due to the lead up to the Iraq War, when the Yanks invaded back then the price of oil dropped 33% in a day. Also, I think if we look at the figures of the US and their massive deficit, it isn’t a good thing. It comes back to the spending more than you earn I would have thought… it can’t go on forever without something having to give. Then again, I’m not an economic expert, just trying to look at things logically.
Cheers
rFROM THE NEWS WIRES:
This year’s oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said on Friday.
Greenspan delivered a generally upbeat assessment of the economy’s ability
to withstand this year’s spike in oil prices, but he added a significant
qualifier.“Obviously, the risk of more serious negative consequences would
intensify if oil prices were to move materially higher,” the Fed chairman
said in his most extensive comments this year on energy.Greenspan spoke on a day when crude oil prices climbed further into record
territory with the price in New York trading hitting 54.88 US dollars, up 12 cents from Thursday’s record close.He said that even at the current levels, crude oil prices are still about 40 percent below the all-time highs – in inflation-adjusted terms – of
February 1981.Crude oil futures rallied to 54 US dollars and 90 cents on Friday, a day after a decline in the US inventory of heating oil unsettled a market already on edge over tight supplies, high demand and unrest among key producers.
The oil markets are already concerned about supply shortages, largely because of the slow recovery of oil production in the Gulf of Mexico following Hurricane Ivan.
Crude futures have climbed about 10 US dollars a barrel in the last month alone.
While oil prices are more than 70 percent higher than a year ago, they are still around 25 US dollars below the peak inflation-adjusted price reached in 1981.
kay,
isn’t that the velocity of money? ie keep it workign as hard as you can?
cheers
rIn that case, it is good AND true… as long as your friend doesn’t buy another PPOR in the mean time, the first one remains CGT free (for 6 years I think)
Hmmm. So following on from your post, you think that a lot of + geared investors are lemmings. What a nice compliment to pay the forum.
BTW I thought Rosebery was the place to be… heaps of + geared deals there, or so I hear.
r
I just hope that ALL and sundry who try and obviously rip off the FHOG get caught and are made to pay the money back… just another version of bludging IMHO…
For those that need it and use it properly (even if they live in it for the first 6 months) I don’t have any issue at all.
Cheers
rI think it’s legal to charge rent while you’re still living there… but bear in mind the CGT implications due to income received… an accountant would be better to advise on this.
As long as you ARE actually living there, there should be no effects on the FHOG (but I’m not an accountant)
Cheers
rIt sounds dodgy because it is dodgy. If you’re fine with committing fraud and the possible consequences that go with it, then go right ahead.
This IMHO is one of the reasons the FHOG should be axed.
cheers
rPatrick
are you talking residential or commercial, cos I can tell you that I’ve been watching gladstone for some time… have visited as well… and I’ve not seen one (residential)… I’m sure they would have been there a couple of years ago…
If you have links to show otherwise, it’d be good.
Cheers
rHi all,
Jo, you’ve often said you’ve been active in 3 cycles… what were your experiences in them… how did they differ/what were the similarities? How long did it take the wheel to turn for yields to catch up with prices? Was the most recent boom longer/shorter in your experience? (I’ve heard differing views) Interested to hear your thoughts.
Cheers
RI agree Lucifer
thanks for sharing the story chefspop.
underlines the importance of due diligence and extensive research… hope your next experience is much better…
cheers
rhi ona
another piece of advice is to start with the end in mind… so I wouldn’t rule out setting up a trust first… I wish I had…
and yes, DD I believe transferring into a trust incurs double stamp duty.
cheers
rHi again
It’s not a term deposit account, you can deposit and withdraw as you need to.
Citibank’s interest rate is 5.4%, ING is 5.25% (I think)
Cheers
ryes I opened one a couple of months ago and am very happy with it.
cheers
ryorker, tough one
If I’ve been incorrect, please accept my apologies… I don’t think there’s anything wrong with healthy scepticism… believe me, we’ve had some dodgy people come and go on this forum over the past year or so, hence the criticism and questions.
cheers
rI think all 3 of those posts have been in support of Yorker too… hmmmm.
Hi.
To be honest my BS detector works overtime when I read posts of Yorker’s pumping up Rosebery… for similar reasons that Westan posted elsewhere… but I don’t see any problem with this type of thread, if people want to invest in this town, it’s at their own peril. Then again, I always say horses for courses, so maybe I shouldn’t be too harsh. C’est la vie.
Cheers
r
