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Originally posted by metalgearsolid You did not say that at first which was what I was trying to help you you poor bastard. And I have little education? Good man good I don't need to have a good education to have be richer than a fucking fuck like you.

You are lame

quote:

Originally posted by che You are lame

Truly I am and that is nothing wrong with being yourself.

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Originally posted by metalgearsolid You did not say that at first which was what I was trying to help you you poor bastard.

wtf do you think this says then, moron?

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Originally posted by pkcRAISTLIN you buy an average house, rent it out for ten years; and even if that house hasnt gone up in value at all, youve got 10 years worth of equity built into it that you have contributed very little from your own pocket. ... just be smart and buy somewhere that people will be happy to live and youre laughing imo, esp if you have a decent salary backing you up and can afford several loans. as each property's equity increases you can afford to borrow more money.

quote:

Originally posted by metalgearsolid And I have little education? Good man good I don't need to have a good education to have be richer than a fucking fuck like you.

um yes, you need everything spoon-fed to you coz youre too simple to grasp it yourself, yet youre gonna go out there and do better than all those people that know more than you. good luck simpleton.

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Originally posted by pkcRAISTLIN wtf do you think this says then, moron?

I was refering to your "property>stock market" enough of this you are bringing me down to your intellect and that is something I can not risk. Have a good night sleeping in your little room waking up and working your ass off for something so unnecessary that is why you will always be there.

wait wait, pkcRAISTLIN, you're going to sit there and tell me that if you buy a house for 200,000 dollars (american or australian or canadian, doesn't matter) then "rent it out" you're going to make some money back without spending MUCH? what are you talking about? for example, here a nice 2 bedroom in a nice place will cost about 300,000 (if ur lucky), you can rent it out for 2,000 MAX (i'm doing this to show you the maximum), 2,000 x 12 = 24,000 a year x 10 = 240,000 dollars. so how did you break even OR make ANY money? you haven't you only lost. especially when u have to think about the fact that the building could be co-oped and a condo and if other people besides you are allowed to move in. if it's not a condo, maintenance could be about 600 bucks, so you're only making 1,500 (if you're lucky again) a month.

oh and what do you consider a decent salary? for one person i'd say about 40,000 - 50,000 and you're telling me a person like that can afford to take out a loan for couple of hundred g's?

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Originally posted by Lepanto wait wait, pkcRAISTLIN, you're going to sit there and tell me that if you buy a house for 200,000 dollars (american or australian or canadian, doesn't matter) then "rent it out" you're going to make some money back without spending MUCH? what are you talking about? for example, here a nice 2 bedroom in a nice place will cost about 300,000 (if ur lucky), you can rent it out for 2,000 MAX (i'm doing this to show you the maximum), 2,000 x 12 = 24,000 a year x 10 = 240,000 dollars. so how did you break even OR make ANY money? you haven't you only lost. especially when u have to think about the fact that the building could be co-oped and a condo and if other people besides you are allowed to move in. if it's not a condo, maintenance could be about 600 bucks, so you're only making 1,500 (if you're lucky again) a month.

don't forget the insurance!

anyway, it's over the life of not just the loan (mortgage) for the property, but property as well. after ten years of someone else (the renter) paying the mortgage for you, you are now that much closer to paying off the mortgage. in your case, about 80% the $300,000 over what would normally would be a 30yr. life in about 30% of that life. in other words, your 30 yr. mortgage is 80% paid off in 10yrs and you haven't paid a thing! aside from normal expences i.e. maintenance, insurance, taxes ect.

in addition, the value of the property that you now own and rent has risen in value. now, after 10 yrs your $300,000 is now, say worth, $350,000 or may have even doubled, more! (happens all the time. especially the way the market has been recently.)

not including the interest though. but thats partly why the market in America has been so hot because for last 6 or 7 years mortgage interest rates have been their lowest in 40yrs. like at around 1-2% though they've steadily been on the rise, hence the cooling off of the market.

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oh and what do you consider a decent salary? for one person i'd say about 40,000 - 50,000 and you're telling me a person like that can afford to take out a loan for couple of hundred g's?

absolutely! as a matter of fact, i qualify for a V.A. loan of about $300,000. i'm not sure how old you are, but if you have good credit, and a good relationship with your bank, go sit down and have a talk with them. don't go filling out mortgage paperwork the first day! but just see what they have to say and what options you have. i bet you'll be really suprised. the market, naturally, does not want to cool down and banks other lenders still want to drive the market through first time buyers like yourself. although interst rates are climbing and before you know it it will be a renters market again. like i said, don't let them carry you away!

thanks Q5. couldnt be bothered to explain myself yet again. since when did the PDD become a goddamn creche?

ummm no it WOULDN'T double because the rates for real estate are SO HIGH RIGHT NOW. they are only going to fall and you're only going to lose money. so all you're really stating is that you'll be able to pay off your loan for a house. what a great investment. no matter how you try to cut it anyone with a brain and experience will tell you real estate is a horrible investment.

where the hell do u get your info from? the market is hot? the market has never been so cold. the prices are super high, while the value isn't and ok maybe you find some underground bank that will give you a low APR you still have a property that's worth twice it's value.

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Originally posted by Lepanto ummm no it WOULDN'T double because the rates for real estate are SO HIGH RIGHT NOW. they are only going to fall and you're only going to lose money. so all you're really stating is that you'll be able to pay off your loan for a house. what a great investment. no matter how you try to cut it anyone with a brain and experience will tell you real estate is a horrible investment.

have you comprehended anything previously posted? i mean christ!
we're saying SOMEONE ELSE PAYS OFF YOUR FVCKING MORTGAGE. not you. so you get a house for a fraction of the cost. how you think that isnt a good investment is beyond me.

and

HOUSING PRICES DO NOT FVCKING FALL. im saying this for the last fvcking time. over a longterm period, housing prices rise. always have, always will. yes, there are market corrections and crashes. but over a mortgage term of 30 years, its highly unlikely itll be worth less. and even if it is, youre not the one forking out for the mortgage, your tenants are.

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Originally posted by Lepanto where the hell do u get your info from? the market is hot? the market has never been so cold. the prices are super high, while the value isn't and ok maybe you find some underground bank that will give you a low APR you still have a property that's worth twice it's value.

yeah, so you wait til the next correction or crash and start buying then goddamn spoon feeding babies is getting tiresome. and value & worth are set by market forces, if someone is willing to pay $X for a property, who are you to say its not \"worth\" that amount? obviously the market says it is. if you have sell a property for less than you paid, its still possible to make a profit coz its your tenants paying the mortgage and not you. sheesh.

if youre smart with your investments and can afford to service the loan(s) its money for jam.

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Originally posted by Lepanto ummm no it WOULDN'T double because the rates for real estate are SO HIGH RIGHT NOW.

okay. the thread is officially hijacked.

even where you are (especially where you are), as a whole, there will always be room for the market to grow and equity thus increases which would be a given in a positive economy.

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they are only going to fall and you're only going to lose money. so all you're really stating is that you'll be able to pay off your loan for a house. what a great investment. no matter how you try to cut it anyone with a brain and experience will tell you real estate is a horrible investment.

you are right. there will come a time when the market will be bearish if it hasn't started to happen already, slowly. like i said the market is still warm for people that own property for the simple fact that people will always need a placew to live. without getting too complicated, the diifference in profit margins between what you are talking about (BTW is sounding like to me more and more is that you don't think one can make a profit) and what i am talking about is comparitively small whether the market is a sellers market or a buyers market. either way, one can not only make money but also shield his current investments, lock in equity, and stay in his home for a fraction of what normal slobs like you and me do it for.

thats just the investing side of things. it is still a great time buy a house if you think you aare secure enough whether you want to turn it around or just live in it. equity is a good thing no matter what the market is like. and the sooner you start the better. thats just common knowledge.

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where the hell do u get your info from? the market is hot? the market has never been so cold. the prices are super high, while the value isn't and ok maybe you find some underground bank that will give you a low APR you still have a property that's worth twice it's value.

what to you consider a low apr? how much are you willing to put down?

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Originally posted by Q5echo mind you this is whats called a TSP for Federal empoyees. not a Roth yet. i'll prolly take some penalties when and if i convert this year.

Hey I am on that as well, what part of the fed do you work for??

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Originally posted by LazFX Hey I am on that as well, what part of the fed do you work for??

i got out of the Navy in December.

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Originally posted by Q5echo i got out of the Navy in December.

A fellow Navy person, I also served in the Navy, fast attack sub, USS Miami, based out of Rotten Grotten, CT back in the day....
Now I work for the feds down in Austin,

I thank you for serving

take care

laz

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Originally posted by LazFX A fellow Navy person, I also served in the Navy, fast attack sub, USS Miami, based out of Rotten Grotten, CT back in the day.... Now I work for the feds down in Austin, I thank you for serving take care laz

get the fuck out! i was on the (SSN 700) Dallas! '97-'00

f##kin hated Groton.

quote:

Originally posted by Q5echo get the fuck out! i was on the (SSN 700) Dallas! '97-'00 f##kin hated Groton.

God I hated Grotten too, but the mess hall was the shit, loved my double mushroom, double cheese omelets & and the french toast was this bomb, but we always took the train to NY every weekend during BESS. God I miss NY and thats the only bonus I like about Grotten Rotten.

Aren't you going to let the rest of us know what Groton is???

Actually the Sub base is in New London, Conn. But Groton is like a stone's throw away and when old US Navy guys speak of that particular base we call it Rotten Groton.

oopps sorry about the hijack,

back on topic

Check it out I am on a winning streak. Oh yea net worth 4876. Who has more money than me??

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Originally posted by metalgearsolid Check it out I am on a winning streak. Oh yea net worth 4876. Who has more money than me??

I do.

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Originally posted by Shakka I do.

Right. This would be because you invest for a living. Wanna give me some inside tips huh huh huh??

Im thinking of starting a portfolio soon with a time frame of 2 years. I've got some stocks in mind let me know what you guys think (for those who know their shit)

GLD- STREETTRACKS GOLD
SBX- STARBUCKS
AAPL- APPLE
XLE- ENERGY AND NATURAL GAS ETF
BHP- BHP BILLTON

quote:

Originally posted by kush paintings Im thinking of starting a portfolio soon with a time frame of 2 years. I've got some stocks in mind let me know what you guys think (for those who know their shit)

Now, I know what you are thinking its metalgear hes an idiot I will not listen to him. But just listen to my opinion I have read ten books on investing smart. So how much money are you going to be investing? Anyways here I go and I am sure Shakka can help you out just as good as me but not as good as me because I am metalgear. OK? You want two years so you want growth stocks you don't want stocks that are already at a high price. Two yrs=A lot of risk and just go below.

quote:

GLD- STREETTRACKS GOLD

59.60Last Trade which was today. In the past 52 weeks the highest it was 59.34. So actually it is growing slightly. I wouldn't want to invest money in this stock because it has already reached a high price and chances
are it can only go down. It would have been a good idea to buy when it was 41 but no it will go down back to that price but the point is this is a bad stock and you shouldn't buy it because of its high price and the most likely scenario will be you lose money in two years. So don't invest.

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SBX- STARBUCKS

What you serious? Ok after looking at the yr I can see that it looks like a good investment and the best thing about starbucks is that there is still room to grow and when you mention coffee people know starbucks. peole want starbucks so this stock will be ok to buy.

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AAPL- APPLE

Ok something tells me you don't knoow any other company so you choose companies that either are known or have real high stock price. I like Apple and how they are making their computers compatible with windows. This will increase the market not for Apple but for MSFT. So no like a several years ago there was CISCO and ORACLE and those companies were the shit. You really should invest in Apple but with caution.

quote:

XLE- ENERGY AND NATURAL GAS ETF

52wk Range: 37.94 - 58.28 Again with the freaking stock that grew in the past year and now is real high. No room for growth. For the love of god man stop picking stocks which already grew.

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BHP- BHP BILLTON

52wk Range: 23.46 - 44.00
Ok you want stocks that will grow? No good. This stock already has had its growth can you see it growing? Its the bigger than its competitors. I really can not see it growing compare to its competitors. I don't like it and I wouldn't invest in it.

Remember several things that will affect your money: TAXES, COMMISION, TIME. Pick other stocks.
TTH,PWT,CTIC,ETQ,MIG,LTEC,FRG, those are my stocks. Growth man Growth

property > stock market.

you need to have a whole lot to invest to make anywhere near the same amount of money. whereas a bank will lend you the money to buy property a whole lot easier investing $4000 in the stock market is a pointless exercise (unless you have some hot inside information). you might as well play lotto.

metalgear is correct in that you want stocks that will grow; however property always grows. for example, a family home 30 years ago cost an average of $37,000 in my city. those houses are now selling for $350,000 or so.

rightyo, we\'ll continue.

my unit is costing me $56/week (before tax concessions). now, property roughly doubles in price every 9 years or so in my city. so, $56/week x 52 weeks x 9 years = $26,208 contribution by me. whereas my property has increased in value over that time by $160,000, and i have paid (with rental income) $119,808 off the mortgage.

even if it doesnt rise in value at all, i have still paid $119,808 towards a mortgage for which less than $30K came from me. easy.

OMG we are taking a step backwards. How do you expect a 19yr old to buy property when he can't even afford to live on his own? He still lives with his parents he doesn't have a high paying job. You at leat need over 75k to put as down payment. Than the mortgage will be maybe over 2000. No, property is no good when you are young and don't have any money to buy a house and let alone take care of it. Also Americans are immature they never want to pay rent. So its a hassel all the time. Don't buy real estate until the prices go down in like two to three years. pckraistlin its like a stock you don't want to buy high and than watch it go down in value due to the real estate boom slows down and BAM! everything goes down hill.

well, i dunno. i am not on anywhere near a good salary. quite the opposite. and the bank were happy to give me money. sure, you need to have saved a little, but not that much more than youre talking about on stocks. you certainly dont need $75K to put as down payment who have you been listening to? i contributed about $7000 (AU) to get my loan. thats really not that much...

again tho, im not savvy on the american market at all. but america is fvcking huge- property is booming somewhere over there i guarantee

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