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Investment Portfolio; Against Melbourne/National Property prices.
Topic Started: 16 Dec 2012, 08:34 AM (25,661 Views)
Poontang
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Trojan
19 Aug 2013, 03:21 PM
I think you are fair dinkum (most non fair dinkum people end up on my ignore list) and actually impressed you keep posting updates despite it not going the way you hoped it would.
Of course I think your basis for comparison is still incorrect (why compare capital gains + yields of shares with capital gains only of property?) but that's your prerogative.
The basis of the comparison is waiting to buy a house and investing in shares at the moment because I believe it possible/likely that investing in shares will give a better return than buying a PPoR at this point in time.

It is not a comparison which is better to invest in, shares or an investment property.

I am on record on the forum that I think it better to stay at home as long as you can or share and buy an investment property before buying your PPoR as you get the advantage of deductible debt over non deductible debt but that is not the scenario that this is for.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Trojan
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Poontang
19 Aug 2013, 05:29 PM
The basis of the comparison is waiting to buy a house and investing in shares at the moment because I believe it possible/likely that investing in shares will give a better return than buying a PPoR at this point in time.
Having a roof over your head is consumption.

On the same note, a person who doesn't eat food or wear clothes but invests all their money in shares should be financially better off than a person who is well fed and not naked.

But the fact the person who had a roof over their heads is still financially better off than the person who chose to live on the streets and invest in your portfolio amazes me.
Edited by Trojan, 20 Aug 2013, 07:41 PM.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Poontang
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PIO sold from Portfolio. $17123 Cash after brokerage ($2880+/- Loss)
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Poontang
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Posted Image

Plus $500 NST Dividend I forgot to add (Portfolio 2 was done but not this one, ditto with EPX)
Plus $525 EPX Dividend
Plus $2084 Cash
Plus $3288 Cash from Sale Silver Bullion

Total $173558


Posted Image


Plus $721 Cash (not $2084 as posted by mistake earlier)
Plus $17123 Cash from sale of PIO shares.

Total $442527


I think this is much easier to read than the old way I was doing it...

The "costs" differ from the original starting points prior to this due to the buying/selling done in the past prior to this format of posting.


EDIT: 4000000 AYN Bought for $16019.95 Inc Brokerage
Edited by Poontang, 27 Aug 2013, 04:49 PM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Poontang
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Posted Image

Shares $157671
Cash $ 5372
Total $163043





Posted Image


Shares $424085
Cash $ 1824
Total $425909

EVN announced maiden dividend this week of 1c per share unfranked.


Edited by Poontang, 2 Sep 2013, 09:43 AM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Strindberg
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At the last report, on the first portfolio, you had

CASH $5372
AYN 10,500,000 (now at $0.002 total $21,000)
BKP 830,000 (now at $0.005 total $4,150)
EXP 15,000 (now at $1.79 total $26,850)
FML 2,806,451 (now at $0.012 total $33,677)
GOR 34,154 (now at $0.093 total $3,176)
MXR 1,000,000 (now at $0.002 total $2,000)
NST 20,000 (now at $0.685 total $13,700)
TRY 10,000 (now at $0.945 total $9,450)

TOTAL = $119375

Didn't you start with $240k? A 50% loss in a year?
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Poontang
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Posted Image


$113154 Shares
$6202 Cash
$119356 Total
EPX was sold for a total of $26830
13000000 AYN bought for $26000





Posted Image

$325048 Shares
$1824 Cash*
$326872 Total

*have not checked for dividends received (if any last 4 months)

Strindberg
11 Dec 2013, 05:05 PM


Didn't you start with $240k? A 50% loss in a year?
So first year is going to be down... Your point?
Edited by Poontang, 11 Dec 2013, 06:08 PM.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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Foxy
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Zero is coming...

Good luck.
Peter
:pop:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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maze
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Poontang
19 Aug 2013, 05:29 PM
The basis of the comparison is waiting to buy a house and investing in shares at the moment because I believe it possible/likely that investing in shares will give a better return than buying a PPoR at this point in time.

It is not a comparison which is better to invest in, shares or an investment property.

I am on record on the forum that I think it better to stay at home as long as you can or share and buy an investment property before buying your PPoR as you get the advantage of deductible debt over non deductible debt but that is not the scenario that this is for.
I’ve never been more confused with the state of the Melbourne market

Things seemed so clear a few years ago, now we have two new factors impacting (Apartment and the Chinese)

Apartment buildings shooting up in the CBD and suburbs, the oversupply in Melbourne has meant many are being sold for $50-$150k less than what they were purchased for off the plan

Houses are doing very well especially in (and soon to be) Chinese dominated areas

The rest of Melbourne hasn’t seen much of a change even with rates being cut so often

There is cheap money, but also higher unemployment and less secure employment. This has meant that those with reserves and cashed up Chinese have been owning auctions and FHB’s may either be not in a position to compete or worried about the job market

The people doing well are those that bought prior to the 2009/10 boom and now have seen their property values rise by 30% or so and have interest rates of 4.99%

FHB’s may need to sit on the sidelines or buy in areas the Chinese have little interest in (Northern and Western suburbs)
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mel
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maze
16 Dec 2013, 07:16 PM
I’ve never been more confused with the state of the Melbourne market

Things seemed so clear a few years ago, now we have two new factors impacting (Apartment and the Chinese)

Apartment buildings shooting up in the CBD and suburbs, the oversupply in Melbourne has meant many are being sold for $50-$150k less than what they were purchased for off the plan

Houses are doing very well especially in (and soon to be) Chinese dominated areas

The rest of Melbourne hasn’t seen much of a change even with rates being cut so often

There is cheap money, but also higher unemployment and less secure employment. This has meant that those with reserves and cashed up Chinese have been owning auctions and FHB’s may either be not in a position to compete or worried about the job market

The people doing well are those that bought prior to the 2009/10 boom and now have seen their property values rise by 30% or so and have interest rates of 4.99%

FHB’s may need to sit on the sidelines or buy in areas the Chinese have little interest in (Northern and Western suburbs)
I agree with just about all of that. I find the fact that some parts of the west and north are still well below their 2010 peak a little puzzling though.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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