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Yes, and this is one aspect where we "small fry" actually have an advantage over the Buffetts and Packers. :cool: We only buy individual properties, and the performance of "the market" isn't as relevant to us; the only thing that's relevant is how our investment performs. If you hold a very...

And "planning to end up filthy rich, but failing that I'll be going down in a blaze of glory" doesn't cut the mustard as a response? :D ;) If not, I'd better work on coming up with a better answer...

Great analogy! I agree; I'm happy to be quite aggressive whilst accumulating, even if it's risky and not diversified. But once you've attained substantial wealth, it's natural that your risk profile will change, and diversification will become much more important. Thanks for sharing, Andrew. :)

Dazz, would selling this property allow you to quit the job earlier, and is this important to you? I'd be thinking in terms of the impact holding or selling would have on your lifestyle choices. If you can quit the job and still comfortably fund the negative cash flow to hold this property...