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The Investors' Thread (pg. 2)
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| narcism |
| does four blocks of land overseas count? |
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| Beat Blog |
So jealous of all the bastards whose parents handed them shares and/or property on a plate. :whip:
Currently got 3500 shares in Eastlink, the new tollway outside of Melbourne. They are six months ahead of schedule, so I'm expecting a big share price rise when they open the road.
Saving for a house too. The market is just ridiculous at the moment, houses are going for up to 25% more than the quoted price, then heaps more again when they're re-sold a year later.
I'm hoping that by the time I'm ready to buy (2-3 years), the market will have undergone a huge recession and everything will be dirt cheap. :) |
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| Teflon_Teapot |
| quote: | Originally posted by pkcRAISTLIN
sure, you can make a killing in stocks if youre clever and lucky enough |
there is actually a branch of mathematics called stochastic calculus which can be used to predict the stock market, problem is it translates to doing a phD to understand it all and have the knowledge to use it properly.
speaking of investments i bought some magic beans off this door to door salesmen the other day and i am also on the hunt for a leprechaun who i spotted the other day skipping around carrying his pot of gold. |
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| Lilith |
| quote: | Originally posted by eRRaTiK
Anybody bought their own home and/or an investment property (or two or three or more)? |
I bought my own home when I was 21, it meant giving up a lot of things like going out, clubbing, rampant drug/alcohol abuse and working until I was nearly dead some weeks. In fact I still work myself half to death on a daily basis, hard work = results, if you're not willing to work hard then don't bother.
| quote: | | What about shares, futures, options, other? |
Suggest staying away from them, it's really a punters game at the moment the odds are stacked against small investors. Personally I did quite well there but I'm sort of thinking it was a combination of both luck and good management (aka: really, really hard work) but I punched out around Feb this year and sold up. If I'd hadn't then I would have lost, well I would have lost a stupid amount of money, it kept me up at night a nervous wreck sometimes.
| quote: | | Just wondering if any of you fun people are also in the investment game and would like to share their experiences. |
Sydney is starting to crawl out of the property downturn, other capitals are either sitting steady (Melb & Adelaide) or booming (Bris & Perth), so it's interesting times if you're thinking of making a move into the property markets.
| quote: | | I've chosen property as my vehicle. |
It's better than shares, much slower and far more predictable in terms of picking the right time to buy and sell, the only real worry is getting the finance right at a percentage rate you can afford and trying to avoid being skinned alive by inflation.
But lets face it.
You'll never get rich working for someone else.
| quote: | Originally posted by narcism
does four blocks of land overseas count? |
Only if you grow drugs on them. :haha: |
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| pkcRAISTLIN |
| i hear missym invested her time and money in BJ courses, and now has a fortune in collected money shots. |
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| narcism |
| quote: | Originally posted by Lilith
Only if you grow drugs on them. :haha: |
;) good plan, i was just going to build an apartment on one and sell the others :p |
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| Lilith |
| Poppies are pretty :D |
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| mikey au |
I bought a small amount of shares in a start-up it venture. I think it has the makings of becoming big. I bought another small parcel when the shares came down, thinking it would be good to lower my average share price.
Unfortunately now the shares are even lower again, about 1/5 of what my average share price is. The company is still young and its not like it was going to be an overnight hit so i'll just have to sit and wait.
Thankfully i only invested a small amount of money so its no big deal if it doesn't work out, just a life lesson. |
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| eRRaTiK |
| quote: | Originally posted by Beat Blog
I'm hoping that by the time I'm ready to buy (2-3 years), the market will have undergone a huge recession and everything will be dirt cheap. :) |
Here's the thing.. the longer you sit and wait for something like that to happen, the more opportunities you will miss AND entry prices will only get higher.
Look at strategies for entering the market NOW. Talk to a financial advisor or somebody who's done it and believe me you CAN do it, just got to find a way (buying with partner/family member/friend is one strategy for example - the key is to set up the right agreement/contracts. PodProperty appear to offer a good service for that).
| quote: | Originally posted by Lilith
But lets face it.
You'll never get rich working for someone else. |
Agree 1000% !
| quote: | Originally posted by narcism
;) good plan, i was just going to build an apartment on one and sell the others :p |
where? and is the land value increasing? if the location is good and there's good population and several strong industries there (including tourism), and cost of building isn't too high then you could probably do really well building on all the land and collecting rent. Problem with selling is that you can't realise the profit of future growth. If land is scarce or increasing in price then I'd keep it.
In Sydney for example there's a real scarcity issue so had you bought land in key areas 10-20 years ago (or even earlier for the parents) then we'd be laughing.
My auntie has land in Laos that was passed down to her by my grandma. She built a guest house on it and now rents it out to tourists. The tourism industry boomed over the past 5 years and the place never goes without rental. Some smart investors went in and bought out all the land in the popular areas so now land value is a joke, not that there's much left to buy anyway. Not a bad deal if you can work it.
Btw, i'm so glad I didn't buy T2 shares when they were being offered :D |
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| pkcRAISTLIN |
| quote: | Originally posted by eRRaTiK
Look at strategies for entering the market NOW. |
what he said. the earlier the better. |
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| narcism |
| quote: | Originally posted by eRRaTiK
where? and is the land value increasing? if the location is good and there's good population and several strong industries there (including tourism), and cost of building isn't too high then you could probably do really well building on all the land and collecting rent. Problem with selling is that you can't realise the profit of future growth. If land is scarce or increasing in price then I'd keep it.
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all pieces of land are in malta, when i was over there i had one of the larger blocks estimated and it came to 100,000 pounds, which comes to nearly $400,000 australian.
So i was planning on selling that block, which is not in a green area and can be built on.
Two of the other blocks are in green areas, which means they cant be built on just yet, but development in malta is on the increase especially since they joined the EU and give a couple more years and you will be able to build on them.
My fav block of land is where im planning on building myself an apartment, its on a high peak and no one can build in front of me which means i will get the best views of the other islands/ocean.
views something similar to this 
I am planning on holding onto all pieces of land for aslong as i can, dont want to build any rental properties as malta only soars in the summer time and they will be hard to fill during the winter/cooler months. |
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| eRRaTiK |
good old monopoly strategy... Four Green Houses, One Red Hotel.
Here is some recommended reading for those sick of the 'rat race' (or daily grind) and are interested in finding another way...
Robert Kiyosaki - Rich Dad, Poor Dad
Margaret Lomas - How to Create an Income for Life & The Truth about Positive Cash Flow Property
Dale Beaumont - Secrets of Property Millionaires Exposed!
Steve McKnight - From 0 to 130 Properties in 3.5 years |
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