remember this post mackdunk
Quote:
shrewd-
mackdunk is deep in this with us...
mackdunk,
You have not removed yourself from current market losses like you say you have...
you admittedly locked in higher fixed interest rates, which are now being used to support bank balance sheets as they struggle with the current market situation... So you sold your shares, but you pay much higher locked interest rates... To be completely honest you have transferred your losses to different asset classes...
so dont be giving us a hard time... I know im right... you taught me the insights too well... I too gave you grave warnings...
you were tipping your position on interest rates at the peak of the cycle...
If we losen up all the assumptions, you are effectively indifferent between the losses on the sharemarket compared to losses on fixed term rates (as housing uses other peoples money, and is leveraged)...
come on mackdunk... fess up?...
peace out... lets remain respectful towards other posters please...
If you want to pull us apart then please address us properly...
Your mate Shrewd keeping all facts open and honest...
peace...
Quote:
mackdunk-
SHREWDY we are getting a bit off topic here will reply tonight on the property thread.
The price of oil cant get much lower without a cut back in production which in turn will create another price hike. Now is the time to buy barrels of top grade lubricant, and stick them in the shed to sell back later. That is a practical way to avoid a money crash or inflation which ever comes first, much safer than shares. Buy in bad times material things that hold their value, money is only a promise to pay stampted on a bit of paper. Macdunk
mackdunk,
You cant give me a hard time for not buying a house...
I did not have a full time job as I just graduated last week...
I did not have the income to support a loan...
You cant pay me out about that...
You can pay me out about being born two years too late...
...
On another note you have explaining to do..
your in this with us...
Peace..
im out...
:cool:
.^sc
even a bird knows to build a nest first
SHREWDY, I have reached the happy position in life of not having bank loans or owe money on anything. I only speak of the road that got me here. You may wish to travel a different route to this destination i only give you the benefit of my experience getting here.
All the people that i know that were self made, and well off did it with property. Some had menial task jobs with low incomes, but still managed to get there.
Share market crashes, property only downtrends, then gets back up to steeper uptrends.
I think that 2008 will make you a much wiser investor on the share market, i only hope you wake up to how easy it is to make it with property. Have a happy xmas congrats on your graduation and whatever you do dont get stuck playing with one commodoty in this crazy market. Macdunk
I Have Been A Bad Bad Boy.
Quote:
Originally Posted by
Mick100
Shrewd - congrats on your graduation - getting a good education is the best investment of time and money a young person can make - and don't let anyone tell you it's not. There will be countless opportunities for you to get into realestate over your lifetime - the first of those opportunities is just around the corner probably in about 4-5 yrs time.
You should really be comparing yourself with your peers rather than the likes of macdunk and minimoke
MICK, Macdunk was nothing but a hooligan at SHREWDYS age. Fighting womanising bastard of a bloke. Come to think of it i wouldnt swap the memories of it all for quids. If i can turn my life about from that young Shrewdy will have no problems. Macdunk