Well, doomsters didn't foresee central bank intervention. And when the debt printers themselves intervene with markets, yes that can throw your prediction.
This is big, but if you can't see the implication, picture this:
The Swiss National Bank, the central bank of Switzerland, is one of the biggest stock buyers in the world. It owns a big chunk of Apple.
Now Apple itself, with 200 billion in cash, is basically a hedge fund. It probably has Swiss National Bank stock in its portfolio.
(The Swiss National Bank is publicly listed in the Swiss Stock Exchange SWX:SNBN)
So we have a scenario where Apple has bought SNBN stock and SNBN, a central bank, owns Apple stock.
And add into the mix other central banks like BOJ buying Apple stock. And idiots in Australia who lent Apple bonds so Apple could buy their own stock.
Yes, nothing could go wrong. There's no bubble. Don't buy gold.
So you needed another investment class to create your retirement income
Funny that.
Compared to a renter I will require substantially less savings for retirement. So home ownership is key when planing for a comfortable retirement.
Quote:
So after 30 years of sacrifiice and hard work paying off your PPOR it will become more Difficult to create the Income necessary to retire?
Thanks for that.
No - it is less difficult to create income to retire. That is because I do not have to pay rent in retirement (which is an unknown liability), therefore I require substantially less for a comfortable retirement. (And I took 7 years to pay off my PPOR).
Simon, you are either a Troll or one of the most financially incompetent people I have ever met. I’ll give you the benefit of the doubt and assume you are incompetent. If I were you I would take some time and see a financial planner or anyone who knows just a little about investment and get some advice. You are a mess.
Simon b_b is right, you really are a financial incompetent.
Yet no one here begrudges you a happy life. Please go out and talk to your dad or friends and ask them to explain some basic issues about asset accumulation and simple rent costs, living costs, savings etc. Or buy a book, any book on finance really will lift you above your current level of understanding.
Stop reading IMF statements and zerohedge articles. Get real for once in your life.
Take risks - if you win you will become wealthy, if you lose you will become wise
Good for you b_b but the average mortgage holder will take 25-30 years before they can begin to plan for retirement.
Maybe you could explain how Interest rates will remain forever low?
Quote:
assume you are incompetent.
LOL.....You can assume what ever you like. I'm still waiting for you to explain why Surpluses are the Root cause of Recessions and Depressions.
Quote:
Stop reading IMF statements
I must be incompetent if I read economic papers................Does that include the RBA, World Bank, US FED,BOJ and other Notable Economic Organisations and Notable Economists in their respected fields?
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.
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