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Investment Portfolio; Against Melbourne/National Property prices.
Topic Started: 16 Dec 2012, 08:34 AM (25,660 Views)
Poontang
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Last update for the year..

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Still have not checked on dividends but the cash balances of both portfolios are small...
Edited by Poontang, 24 Dec 2013, 12:25 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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Edited by Poontang, 10 Jan 2014, 10:19 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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peter fraser
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Poontang
10 Jan 2014, 10:11 PM

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Wow - you've been cleaned out then?
Any expressed market opinion is my own and is not to be taken as financial advice
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Poontang
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peter fraser
10 Jan 2014, 10:19 PM
Wow - you've been cleaned out then?
was not happy with pics so reloaded them...
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...

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)
it's all just
Supply and
Demand
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Poontang
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+ $7702 Cash

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+ $24260 Cash
*Sold EPX @ $1.45...... $16337
Edited by Poontang, 17 Feb 2014, 09:45 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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Trojan
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Thanks poontang.
I guess this just proves its easy to say a renter can invest the differences between renting and buying and come out ahead of the home buyer but another thing to actually do it in real life.
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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Both portfolios can and will be participants in the current NST SPP and buying up to $15000 worth of stock free of brokerage. Portfolio 2 will buy full entitlement, portfolio 1, half that.
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.
Profile "REPLY WITH QUOTE" Go to top
 
Strindberg
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Portfolio 1 was originally $240k.

A total of $120k of that was invested in AYN (23.5 million shares).

Those 23.5 million shares are now worth about $2k, if you could sell them. You can't because its shares are currently suspended - again. This time by the ASX for failing to issue a half year report.

Putting 50% of the assets of a portfolio into a single tiny silver miner is .........

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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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.
Profile "REPLY WITH QUOTE" Go to top
 
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