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Agreed - that's why I'm waiting on the bonus to pay off another IP after I come back from holidays in November.

Yep you guys are spot on. In fact I can tell you many entrepreneurs from mining barons to executives such as ones from banking know at some point you'll all be hit, and hit hard. Only mums and dads think mining is going to last another 20 years, hah! The only reason we're still investing...

Yes LNG - I'd tread wearily if you are involved in things like that. When something sounds too good to be true, think tech boom.

What ANZ report? The one my mate wrote by copying sources from all over the place and calling me up at 7pm asking if I had any company intel to send him so he can take some paragraphs out? Haha :D Though on your point re companies reinvesting a lot of money in to the mines, well last I heard...

I'm glad I achieved my objective.

A mobile workforce is rarely out of a job. Most bankers I know who were let go in GFC or in USA are in other cities. To put some examples: - Just had a friend who got laid off here by Macquarie go to Beijing with one of the biggest commodity traders - Had an ex-colleague who got laid off...

Then what you need to do is track the relativity of rent vs buying. So if the factor of buying to renting is traditionally 1.2:1.0, then you know something is amiss when it's 1.8:1.0 because either rent increases more than cap growth or cap growth decreases more than rent (note I presume both...

Interesting point - no not really, in fact obvious point. Part of the reason I am always against investing in new suburbs that are sub $400k is that these are all new money with 90% mortgages. As I've said over the last two years, when the hit does come, these suburbs are hit the most %...

I share a lot of bluestorm's views. When it is cheaper to rent the habour view place than it is to buy one, you must wonder what gives... either rent goes up or the place comes down in value to find equilibrium. Last I heard rent was already pretty unaffordable... so........ The problem with...

Haha do you people know what bonds are? Though if you are serious go set up a sophisticated investor account at an institution like Macquarie - though you'll need a few documentation to prove you're a sophisticated investor. PS: Greece will probably default tomorrow so if you put your life...

Agreed. If that's all he said then it's fine. I probably share similar views regarding Europe. Greece default is a near certainty, and Italy default is a likelihood. As I've mentioned numerous times, if the Europe collapse is sufficiently severe it will be contagious and China will...

You mean lazy, uninnovative whingers?

No increasing of interest rates will stop BHP or RIO, because they are cashed up??? DUH!~!~!~! And it doesn't stop half the miners in WA/QLD because their money comes from India (eg Tata, Aditya Birla) and China (CITIC, Hunan Valin, Tianjin Steel) and Japan (Mitsubishi, Mitsui...

Love the new fixed rates... think it's time to retire almost :D:D