tab Sucker Moderating Team 32,303 Member For: 21y 1m 12d Gender: Male Location: Brisbane Posted 09/10/08 07:35 AM Share Posted 09/10/08 07:35 AM Lol @ expertsNobody will say it as it’s the worst thing for the economy, but the best thing to do in the short term is hold on to your cash and focus on reducing debt. You may get lucky and “buy low” but who knows if we are already at the low or if there’s worse to come?Hold your cash and get ready to buy anything at the first sign of improvement is my expert opinion I would bet pound for pound I am a better investor than yourself.Sounds like a real educated and well researched statement that one. Apologies in advance, but anyone with that frame of mind clearly has no idea! Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746980 Share on other sites More sharing options...
Jake F6 Donating Members 327 Member For: 21y 10m 23d Location: Melbourne Posted 09/10/08 07:38 AM Share Posted 09/10/08 07:38 AM So who is willing to have a stab at what the All Ords will bottom out at.I think we must be close...I say: 4200 Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746983 Share on other sites More sharing options...
Ford_Power Member 798 Member For: 22y 2m 6d Posted 09/10/08 07:41 AM Share Posted 09/10/08 07:41 AM (edited) Sounds like a real educated and well researched statement that one. Apologies in advance, but anyone with that frame of mind clearly has no idea!And anyone who can counter with a statement saying "anyone with that frame of mind clearly has no idea!" doesn't know me from a bar of soap.At the end of the day, I don't know you and you don't know me... so I guess it's all academic in the end who has what. Tab, if only you knew how many bets I have with my stockbroker friends, (2 of them work for very big firms) you would understand. I didn't win the ASX sharemarket investing game (for schools) beating everyone else in australia in 1996 by being stupid.Cheers,Ross Edited 09/10/08 07:52 AM by Ford_Power Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746984 Share on other sites More sharing options...
Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 18y 12d Gender: Male Location: Melbourne Posted 09/10/08 07:43 AM Share Posted 09/10/08 07:43 AM 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,RossWe both live in completely different property markets mate but fear mungers are usually the ones that are all doom and gloom and then three years down the track find themselves sitting there with there pockets full of cash pissing and moaning because houses are too expensive again. What do you suggest people do? Pull all there money out of the markets and the banks put it in a shoe box under their bed then wait for it to all blow over?These are the prime conditions when smart investors clean up so when I see a 4 bedroom house in Blackburn sell for $40,000 I'll buy you a beer and cop the "I told you so" on the chin. But until then it's business as usual. Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746986 Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 21y 1m 12d Gender: Male Location: Brisbane Posted 09/10/08 07:46 AM Share Posted 09/10/08 07:46 AM At the end of the day, I don't know you and you don't know me... so I guess it's all academic in the end who has what. My point exactly in regards to your original comment Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746988 Share on other sites More sharing options...
Ford_Power Member 798 Member For: 22y 2m 6d Posted 09/10/08 07:51 AM Share Posted 09/10/08 07:51 AM We both live in completely different property markets mate but fear mungers are usually the ones that are all doom and gloom and then three years down the track find themselves sitting there with there pockets full of cash pissing and moaning because houses are too expensive again. What do you suggest people do? Pull all there money out of the markets and the banks put it in a shoe box under their bed then wait for it to all blow over?These are the prime conditions when smart investors clean up so when I see a 4 bedroom house in Blackburn sell for $40,000 I'll buy you a beer and cop the "I told you so" on the chin. But until then it's business as usual.There are so many things wrong with what you have written there... You obviously didn't read what I wrote earlier! Anyway I cant be bothered arguing with people who do not understand WHY what is happening is happening - if anyone wants my point of view PM me.Cheers,Ross Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746991 Share on other sites More sharing options...
tab Sucker Moderating Team 32,303 Member For: 21y 1m 12d Gender: Male Location: Brisbane Posted 09/10/08 07:53 AM Share Posted 09/10/08 07:53 AM All bow to the oracle of finance Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746992 Share on other sites More sharing options...
Dirty32 Legendary member!! Donating Members 1,739 Member For: 18y 4m 15d Gender: Male Location: Dianella, West Oz Posted 09/10/08 07:54 AM Share Posted 09/10/08 07:54 AM Lol @ expertsNobody will say it as it’s the worst thing for the economy, but the best thing to do in the short term is hold on to your cash and focus on reducing debt. You may get lucky and “buy low” but who knows if we are already at the low or if there’s worse to come?Hold your cash and get ready to buy anything at the first sign of improvement is my expert opinion I would agree with you tab, you summed it up just right.Know one can really give a definite answer as to when things will start looking up...As you say, reduce as much debt as possible while rates are going down and have money ready to go when you find something worth investing in as things start to improve...Great Call! For me, I dont have any debt. Im looking to buy a place so ill just keep saving until the time is right and things start to stabilise! Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746993 Share on other sites More sharing options...
Dillz Three pedals are better then two.. Donating Members 15,637 Member For: 18y 12d Gender: Male Location: Melbourne Posted 09/10/08 07:56 AM Share Posted 09/10/08 07:56 AM You obviously didn't read what I wrote earlier!Cheers,RossI skimmed over it, I like yourself don't take advice from people I've never met. Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746994 Share on other sites More sharing options...
Ford_Power Member 798 Member For: 22y 2m 6d Posted 09/10/08 08:00 AM Share Posted 09/10/08 08:00 AM (edited) All bow to the oracle of finance You have to resort to sarcasm now tab? Edited 09/10/08 08:01 AM by Ford_Power Link to comment https://www.fordxr6turbo.com/forum/topic/50517-good-investment-options/page/3/#findComment-746998 Share on other sites More sharing options...
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