Alvaro351 Member 30 Member For: 20y 7m 12d Location: Rockingham Posted 09/10/08 05:28 AM Author Share Posted 09/10/08 05:28 AM Thanks for that Ross, Interesting points about gold. What about other finite comodities such as iron ore or alumina? Surely China and India will still be buying the stuff off Oz companies? Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746892 Share on other sites More sharing options...
Ford_Power Member 798 Member For: 22y 1m 28d Posted 09/10/08 06:00 AM Share Posted 09/10/08 06:00 AM (edited) Actually Alvaro, other commodities will go down in price. As the global economy slows, demand for resources such as iron ore, alumina etc reduces as there is less money (credit) available in the local economy to fund projects.Interesting fact... for the VERY first time since China began buying iron ore on the free market, (approx 5 years) they did not purchase India's readily available iron ore last week... That in itself is a good indicator that China is also slowing down... a LOT. Edited 09/10/08 06:01 AM by Ford_Power Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746912 Share on other sites More sharing options...
Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 18y 4d Gender: Male Location: Melbourne Posted 09/10/08 06:02 AM Share Posted 09/10/08 06:02 AM Although I don't agree with Ross about property being at it's lowest in 2 years time he is dead on the money in regards to gold. In 05 I begged my parents to buy as much as they could when it was at 550 and oz but they didn't..... needless to say, now they listen to me when it comes to money. Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746913 Share on other sites More sharing options...
Ford_Power Member 798 Member For: 22y 1m 28d Posted 09/10/08 06:15 AM Share Posted 09/10/08 06:15 AM (edited) Although I don't agree with Ross about property being at it's lowest in 2 years time...Just out of curiosity Dillz, why do you say this? What happened to house prices in the 1930's? They dropped like a lead balloon! (What we are going through/about to go through is exactly the same as then.. only 5x as bad!!)It's all good and nice of the little real estate agents to tell you "property house prices double every 7-10 years" when they are only quoting info from 1950 onwards! Ask them why did they not double, but HALVE in value (if you were lucky) during the 1930's?Migrants wont be flocking to Aus to work if the global economy slows down, so you will not have any issue with a shortage of dwellings...I'm curious to know what you are using as the basis for your statement?Cheers,Ross Edited 09/10/08 06:16 AM by Ford_Power Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746919 Share on other sites More sharing options...
F6 RAPID Formerly Turbo6 Donating Members 2,332 Member For: 22y 4m 22d Location: North Brisbane Posted 09/10/08 06:19 AM Share Posted 09/10/08 06:19 AM Shares - NOManaged funds - NOConsidering prices are at their lowest in nearly 4 years, I would have to say this recommendation is completely inaccurate - in my opinion.Funny how no-one was complaining after 4 years of 20%+ returns.............. and yet now....I work in the industry (Financial Services) for one of the biggest Fund Managers in Australia and let me tell you, our Portfolio Managers have a smile on their face for the first time in a long time because through all the crap, good companies are still GOOD companies. It's just now, you are buying them at a huge discount to even 1 year ago.Simple question, when is the best time to buy something?You may want to consider getting some good, quality financial advice. I love it at times like this when the media just beats stuff up - bad news sells I suppose and all the 'experts' start telling you what you should be doing.Here's another stat for the property one-eyers - over the long term, Australian Shares has actually been the best performing Asset class. However, you should have a suitably diversified portfolio at all times - you know what happens when all your eggs are in one basket? Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746923 Share on other sites More sharing options...
dule Donating Members 1,180 Member For: 18y 1m 13d Gender: Male Location: Sydney Posted 09/10/08 06:23 AM Share Posted 09/10/08 06:23 AM I'm with Ross on this one... Economy is slowing down, people are loosing jobs and having less and less money in their pockets in general, banks are not handing out loans as they used to plus even people with money are staying out of housing market due to uncertainty.That's the way I see it anyway. Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746928 Share on other sites More sharing options...
Ford_Power Member 798 Member For: 22y 1m 28d Posted 09/10/08 06:23 AM Share Posted 09/10/08 06:23 AM I'm glad you are in the industry F6 Rapid... but with all due respect it is those in the industry who have f*cked it up!!!! How else did it get like this?? Did everyone in the industry take leave for 6 months and call all their mate in to run the show??!!You may want to consider getting some good, quality financial advice. I love it at times like this when the media just beats stuff up - bad news sells I suppose and all the 'experts' start telling you what you should be doing.This line I find the most amusing.... I would bet pound for pound I am a better investor than yourself. (I know, it's a big claim... but I do believe so). So please... when it comes to "quality financial advice" I CERTAINLY dont leave it up those in the Australian "Financial Industry"!!Simple question, when is the best time to buy something?Simple - NOT NOW. Why do you suppose that Central banks are buying gold and not dollars at the moment? Gold is a typical safe haven, and the simple answer is that NO-ONE knows EXACTLY how much further down things will go.. they just know they will. Again, with all due respect, if you think your company knows better than France, Australia, and the Gulf's central bank's with regards to invest in dollars (shares) now, then I wouldn't touch you or your company with a 10 foot pole as my "financial advisor".Just for kicks, can you please tell me what effect the current derivatives market as well as the outstanding credit card debt will have on the everyday Australian? And can you please also tell us what exposure our Aus banks have to this.I have the (some) figures, but I want you to dig them up just so we can compare notes for everyone's benefit. Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746929 Share on other sites More sharing options...
CJF077 The Noble Leader Administrator 4,786 Member For: 22y 7m 18d Gender: Male Location: Sydney Australia Posted 09/10/08 06:43 AM Share Posted 09/10/08 06:43 AM Interesting... with the tightening up of banks giving loans, would you not say that it is not a buyers market and if you can afford it do it.. negotiate the best price on a property and rent it out.. people still can't afford to buy a house and now so even more so. All my investment properties are doing well even in this tough climate.. Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746949 Share on other sites More sharing options...
Ford_Power Member 798 Member For: 22y 1m 28d Posted 09/10/08 07:05 AM Share Posted 09/10/08 07:05 AM It is a buyers market, but it will be MORE of a buyers market in the not too distant future. Be careful with your other investment properties though... So long as you haven't drawn equity out of them to the brim, (and you didn't buy them at the peak of the boom) you should be OK.F6 Rapid, I just re-read my comments and I do not mean to come across harshly, it's just that I know what the experts say, and I know what I do and why I do it.. and know who is who on the scoreboard that reads 10 - 0.Cheers,Ross Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746962 Share on other sites More sharing options...
Dirty32 Legendary member!! Donating Members 1,739 Member For: 18y 4m 7d Gender: Male Location: Dianella, West Oz Posted 09/10/08 07:31 AM Share Posted 09/10/08 07:31 AM (edited) Considering prices are at their lowest in nearly 4 years, I would have to say this recommendation is completely inaccurate - in my opinion......Simple question, when is the best time to buy something?Im not totally against your view F6 RAPID, you mention some good points... Im just more in agreeance with Ford Power...Obviously the best time to buy something is at the bottom of its cycle... Shares and property have dropped somewhat and you are right in saying that compared to a year ago shares are cheaper, but it has not yet reached the bottom and will drop further. In the short term, most shares will continue to drop as will the prices of housing.In that sense, it is better to buy shares than it was a year ago as a long term investment, but there should be a better time to buy in future which should net more of a return in either long or short term markets.What a great topic though... The site has been missing a good thread/debate such as this one... Edited 09/10/08 07:33 AM by Dirty32 Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/2/#findComment-746977 Share on other sites More sharing options...
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