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  1. S

    Living off equity – a Reality Check

    Dear Sim Would you please combine the five chapters of Steve's "book" into a new thread, lock it and make it sticky? Such good work should not be lost. It should be available for reference at all times. Ta! Thommo
  2. S

    Living off equity – a Reality Check

    Don't be smug Simon. :( I don't have time or health to do it again but I am, for the first time in my life making giant strides towards a reasonable retirement. In so doing I, too, am takings risks. I'm just careful about maintaining my capital. Being constantly called a Doom 'n' Gloomer...
  3. S

    Living off equity – a Reality Check

    Keith, I think you are being too generous with a 1% risk of a D&G event. I think the risk is much higher than that and should be allowed for in planning. I'm not suggesting buying gold, rifle and provisions and bunkering down. The reason the share market is attractive to me is that you can...
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    Living off equity – a Reality Check

    Keith, Are you saying retiring with residential IP's is an oxy-moron? I agree with you. If I were to retire with a number of IP's I would sell one a year till I was out of them. Anything other than gov paper needs some supervision and therefore you are technically not retired. But I guess I...
  5. S

    Living off equity – a Reality Check

    If you pay off your toy through the business account as "drawings" the debt is gradually transferred back to investment borrowings. Does that make sense? It does to me and I do it........ Thommo
  6. S

    Living off equity – a Reality Check

    Tenyears is a short time in the investment world. Nature abhors a vacuum but it also abhors a strait line. I don't have a crystal ball but I can predict with absolute certanty that the past cannot be extrpolated into the future. History doesn't repeat. It rhymes and the bit of history I...
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