Originally posted by JBM
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Nothing wrong with 20% nice work.
Perhaps I should take my super into my own hands and have a dabble. I studied economics, and Im actually a reasonable day trader, not a poker player, is all in the strategy not what the market does. But Im yet to aim longer term.
What kinds of periods are you working with JBM, do you pick and hold, or do you have a negative resistance line when you will out on a company?
Would you say its been beyond the scope of most smartish people to acheive that 20%? If I could do that for 13 years Id have the boat I REALLY want from my Super haha.
Originally posted by Bluecoat
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As you said re lossed in property, people who truely believe we cannot lose 30% plus are delusional. Will it happen, at this point I dont think so. I think Auck is becoming self protected. But some areas you just cant justify the median price for the GDP they are outputting along with the capita. I was told and read years ago, never buy in a town sub 100k that has less than 3 major employers. I stuck to that, I guess its meaning was just to avoid places where people cant afford to pay and now we have pushed the prices to buy sooooo high, investors are expecting rents to pay for that LVR which just wont work in some areas.
I agree there are still SOME places that are genuone 7% type ROIs. But they tend to be quite boutique or aimed at a certain market giving them consistent occupancy.
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