Recent content by damien275x

I don't think it is nice to gloat and take sheer pleasure in a crash that causes a large group of people to lose their money and their livelyhood. Personally, at 22 when it does hit the fan, I won't be unhappy. The losers will be the retirees, people who borrowed too much, and people who...

My view is that I don't give a **** about what age they ask people to retire. I do not intend to rely on a pension, "superannuation" or any of these other schemes the government give people. At 22 I have time to accumulate insane amounts of wealth on my own and will retire at whatever age I...

To all those who are bashing Werribee/Wyndham in General, have you actually lived in these suburbs, or are all of your opinions based on what you think of the area I would like to point out that Williamstown was a rough, horrible area in the 1970's. Same with Yarraville. The stigmas slowly...

There are some cheap, small apartments in Melbourne that I've been eyeing off. $250k - $300k range. Questions: How many extra "fees" will there be per annum, like building management and all that jazz. Are they OK to live in? Just turned 22 - and I've got $180k now. Did some risky...

A bubble is where there is absolute mania and every Tom, Dick, and Harry are scrambling to get in before it's too late. I don't know anyone who is invested in Gold/Silver. I don't know anyone who talks about Gold/Silver. To suggest it's a bubble is a bit ridiculous. The "bubble" burst in...

Well thanks for the advice and starting points. I have a eBook Reader and I'm pretty savvy so I know where to go to get the eBooks I want on the cheap ;) I don't think I just want to invest in just property per se, I just want assets. Things that put money in my pocket. Whether thats a house...

Hi. I was thinking of investing in property a few years ago but decided not to. I have been reading a lot more financial education e-Books as well as saving all my money. I now have $55,000 in the bank. I'm 21 - Now I dont like the idea of buying and "negatively gearing" a property - to me...

Hi Kristine. Very inspiring post. It's only made me want to get into it more now. The problem with my parents is, they like to play it very safe. They have always taught me to put money in the bank for a rainy day etc, but they didn't start investing until retirement crept up on them. They...

Hi all. I do not know what to do in terms of how I save/invest my money. I do not want to be povo in life. I am 20, and I am starting a new job with salary of $52k. I live at home with minimum board and other expenses and while it’s really tempting to move out as some other friends are doing I...