Somersoft Equity/Net Assets Poll

JIT

• 28th Jun, 2007

• #1

Hi everyone,

I'm bored! - so just for interest, I thought I would put up this poll to see how Somersoft is stacking up in this equity building game.

Equity = Net Assets = Total Assets - Total Liabilities (including PPOR and your partner's assets and liabilities)

Last time I did this, I called it the net worth figure and said you should not include your PPOR, which some of you disagreed with, so this time let's include the PPOR and call it equity or net assets...and see the results.

There's been a couple of these threads done in the past for comparison:

http://www.somersoft.com/forums/showthread.php?t=22808&highlight=worth
http://www.somersoft.com/forums/showthread.php?t=21142

GSJ

 

Last edited: 29th Jun, 2007

Dazz

• 29th Jun, 2007

• #2

Thanks Geoff.

 

GoAnna!

• 29th Jun, 2007

• #3

$20 mil plus Nice one

 

steveadl

• 29th Jun, 2007

• #4

GoAnna! said:

$20 mil plus Nice one

Click to expand...

We'll get there soon enough!

Cheers
Steve

 

BoatBoy

• 29th Jun, 2007

• #5

Boat's never get put in the asset pool when speaking to bank's, are they acceptable here?

BB

 

JIT

• 29th Jun, 2007

• #6

I would say that boats, cars, artwork, other material possessions etc. could be included at your discretion. I don't think this will make too much difference to the poll. I personally don't take these things into account though.

GSJ

 

BoatBoy

• 29th Jun, 2007

• #7

Fair enough, I included it anyway as it's probably about $350k as it sit's.

Did not include the $2000 Valiant or the $15 artwork though.

BB

 

JIT

• 29th Jun, 2007

• #8

BoatBoy said:

Fair enough, I included it anyway as it's probably about $350k as it sit's.

Did not include the $2000 Valiant or the $15 artwork though.

BB

Click to expand...

Makes sense!

GSJ

 

GoAnna!

• 29th Jun, 2007

• #9

steveadl said:

We'll get there soon enough!

Cheers
Steve

Click to expand...

Whoever that is i would love to hear their story. Properties? Shares? Business?

 

Beef_Hooked

• 29th Jun, 2007

• #10

BoatBoy said:

Did not include the $2000 Valiant
BB

Click to expand...

Obviously not this valiant

 

see_change

• 29th Jun, 2007

• #11

GoAnna! said:

Whoever that is i would love to hear their story. Properties? Shares? Business?

Click to expand...

GA

next cycle you'll probably close if you want to

Cliff

 

MichaelW

• 29th Jun, 2007

• #12

GoAnna! said:

Whoever that is i would love to hear their story. Properties? Shares? Business?

Click to expand...

I've got an idea or two but I don't want to "out" anyone so I'll wait for confirmation first...


Michael

 

BoatBoy

• 29th Jun, 2007

• #13

Beef_Hooked said:

Obviously not this valiant

Click to expand...

Be still my beating heart, that is a nice one alright, though never did like the Baby S##t Brown.

Mines a very good example of a CM [1980] Wagon on LPG.

BB

 

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Mr. Fabulous

• 29th Jun, 2007

• #14

GoAnna! said:

Properties? Shares? Business?

Click to expand...

All of the above for me, please.

Mark

 

T

TheAnalyst

• 29th Jun, 2007

• #15

Very good results in deed from the pool. It does reflect the general wealth distribution among the population.

 

N

Nullagine

• 29th Jun, 2007

• #16

TheAnalyst said:

Very good results in deed from the pool. It does reflect the general wealth distribution among the population.

Click to expand...

Not quite I think. Taken from:
http://www.abs.gov.au/AUSSTATS/[email protected]/Lookup/6554.0Main+Features12003-04?OpenDocument

 

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lizzie

• 29th Jun, 2007

• #17

does it reflect the distribution of income? (wages). that would be interesting to see a comparison - will try and find one. as the income bubble moves up, does the investing bubble?

 

Brenda Irwin

• 29th Jun, 2007

• #18

Gee, surprised me how it had mounted up. Just got revals done and have little debt so easy to work out. I have a happy face.

 

redwing

• 29th Jun, 2007

• #19

Try this..

Sorted Calculator...

 

N

Nullagine

• 30th Jun, 2007

• #20

Due to the limited number of poll options and the need to span a wide range of net equity values, the range of each category is not constant. This introduces a numeric distortion in the distribution.

The attached graph shows the distribution corrected to the count per $100,000 increment in net equity.

The equation predicting the number of votes (the count) vs net equity is:

= 11.92 * exp(-0.0000391 * ($_Middle_of_Range_of_Category ^ 0.7385))

 

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