Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
In the know; Trading with an ace
Topic Started: 25 Aug 2015, 10:33 PM (2,314 Views)
Loki
Member Avatar


Sydneyite
26 Aug 2015, 03:38 PM
based on recent posts, his modus operandi would be to always buy at the top and then panic and sell right at the bottom, each and every time! :lol
So, if I am hearing you right, you are saying that every investor in the stock market should buy at the bottom and sell at the top.

That's brilliant! I wonder why no one else has ever thought of that?

Markets would just work so much better if every single buyer bought in at the bottom and they all sold at the top!
Edited by Loki, 26 Aug 2015, 06:53 PM.


“Talk sense to a fool and he calls you foolish.” - Euripides
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Loki
26 Aug 2015, 06:52 PM
So, if I am hearing you right, you are saying that every investor in the stock market should buy at the bottom and sell at the top.

That's brilliant! I wonder why no one else has ever thought of that?

Markets would just work so much better if every single buyer bought in at the bottom and they all sold at the top!
I like that last sentence. The only thing about the Chinese stock markets is that they're cheap knock offs on what they make in the West.
Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


Loki
26 Aug 2015, 06:52 PM
So, if I am hearing you right, you are saying that every investor in the stock market should buy at the bottom and sell at the top.

That's brilliant! I wonder why no one else has ever thought of that?

Markets would just work so much better if every single buyer bought in at the bottom and they all sold at the top!
Ummmmm - no. That's not what I have ever said at all. Read some of my posts again if you want to be more informed about my approach to building long-term wealth through the equity markets. Note of course I am also pro-property - I just happen to be in a life-phase where I own property outright so am diversifying more by growing my exposure to other asset classes.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
Loki
Member Avatar


Sydneyite
26 Aug 2015, 07:00 PM
Ummmmm - no. That's not what I have ever said at all. Read some of my posts again if you want to be more informed about my approach to building long-term wealth through the equity markets.
OK.
When you wrote:
Quote:
 
buy at the top and then panic and sell right at the bottom, each and every time! :lol

I assumed the :lol implied that you shouldn't buy at the top and sell at the bottom. Did I get that part right?

So in your building long-term wealth through the equity markets approach, do you ever sell? And if so, when? And when do you buy?

Quote:
 
Note of course I am also pro-property - I just happen to be in a life-phase where I own property outright so am diversifying more by growing my exposure to other asset classes.
Are equity prices and property prices negatively correlated?


“Talk sense to a fool and he calls you foolish.” - Euripides
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


Sydneyite
26 Aug 2015, 03:38 PM
Lol! "The Whole Bullshit" totally owned yet again!
Owned? By who? You, some anonamARSE post on the internet? I can't be owned because I have no debt, unlike you drones holding IPs on IO loans. And your precious shares, dear o dear, 1/3 of the asx200 in a bear market the headlines say with more to join and you want to brag about before tax dividends :lol
You're just a bogan at the slot machines at Jupiter's casino telling all his mates how he keeps getting these great payouts but meanwhile your whole paypacket is disappearing down the rabbit hole.

I understand why your in pain though, why you're full of anger and why you have been studiously avoiding the doomsday thread. The wheels are falling off your plans again and you have no control over any of it. And that is because YOU are owned. Owned by the bank that holds your mortgages, by the corporations that hold your share investment capital, and by the boss whose arse you have to lick every day to keep your means of paying all your bills

Ahhhhhh. It's a good feeling to live offgrid sydneBlight. Breathing the clean mountain air, free of debt with safe assets no men in white shirts can steal. Yes life is good.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


Loki
26 Aug 2015, 07:18 PM
I assumed the :lol implied that you shouldn't buy at the top and sell at the bottom. Did I get that part right?
Yes.

Quote:
 
So in your building long-term wealth through the equity markets approach, do you ever sell? And if so, when? And when do you buy?
I've already discussed this on the "Is this doomsday" thread. Go read it.

Quote:
 
Are equity prices and property prices negatively correlated?
I don't think so? At least not all the time, but they may be at certain times? Do you think they are?
The Whole Truth
26 Aug 2015, 08:16 PM
huge rant....
Nice rant.... I have no net cash debt by the way, so you know nothing.
Edited by Sydneyite, 26 Aug 2015, 08:44 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
The Whole Truth
Member Avatar


No net cash debt. I love it. :)
In other words you have a million or more in debt but because your property and shares are valued near that debt, you think you're out of the woods. You're a slave alright, born a slave, that's why you can't recognize financial freedom when it's right in your face. Just keep your tongue up the bosses hole, that's your best strategy, at least until GFCII wipes it all away.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


As a Nomura colleague pointed out to me, investing in the ASX, particularly with reference to the banks, is much like investing in a planned economy where the govt, private sector and the private citizen are all stakeholders. In all his discussions within the industry, the risk factor is explained away by the unique framework that Australia has.

I've asked him of what he thinks about that. His response is that it is similar to Japan back in the 80s when the widespread belief is that the system has no flaws and is kind of invincible. I get it. However, he says that the biggest difference is that the financial system in Australia is propped up by superannuation, which the Japanese never had to deal with (superannuation was never directed towards equities on the whole). That is why he thinks the system has the potential to cause real hurt and devastation.

The suburbanites don't really get it. They typically buy into what the govt and finance industry tells them, much like anywhere in the world.
Profile "REPLY WITH QUOTE" Go to top
 
Loki
Member Avatar


Sydneyite
26 Aug 2015, 08:43 PM
I've already discussed this on the "Is this doomsday" thread. Go read it.
I'll think about it. I might scrape it and put it through my summary AI. I am fairly sure it will boil down to "buy low, collect dividends, sell high", but I look forward to being wrong.
Sydneyite
 
I don't think so? At least not all the time, but they may be at certain times? Do you think they are?
I am pretty sure they never are. There are problems with generating the correlation because property is so illiquid and equities are so liquid, and more so in a correction. That aside,adjusted for tenor, they are strongly positively correlated. I asked because you wrote you were diversifying from property into equities, and I wasn't sure if you meant diversify in the "portfolio theory" sense or the "clueless layperson" sense. I see now it was the latter, not the former.

Edited by Loki, 26 Aug 2015, 09:12 PM.


“Talk sense to a fool and he calls you foolish.” - Euripides
Profile "REPLY WITH QUOTE" Go to top
 
Sydneyite
Member Avatar


The Whole Truth
26 Aug 2015, 08:51 PM
No net cash debt. I love it. :)
In other words you have a million or more in debt but because your property and shares are valued near that debt, you think you're out of the woods. [plus some other shit...]
Wrong again, as usual.

No net CASH debt means that I keep some loan facilities available to me, so I have extra capital if ever required for any reason, but that the facilities are currently offset 100% or more by actual cash deposits (offsets accounts, other interest bearing accounts and so on). In fact I actually make money out of this arrangement, as loans with tax deductible interest are held in my name while the offsetting cash is held in high interest bearing accounts in my wife's name, who is in a much lower marginal tax bracket than me. I doubt you will be able to understand how this works though. :re:

If I included the value of my non-cash assets in the equation, I would be talking about net worth, not just my cash position, and my net worth is about 6 x the GROSS total value of all loan facilities I still hold open for convenience.
Edited by Sydneyite, 26 Aug 2015, 09:38 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create a free forum in seconds.
Learn More · Register for Free
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy