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ouch thats nasty, unfortunately the stock market carries a high risk, and really isnt a serious investment tool. if you consider the few percentage points extra return you get long term from shares over say bonds, is it really worth risking losing 1/2 your investment?

if you were holding QBE over the last 12 months, you would have seen a 50% drop in the share price.. so with 50% margin you would have been wiped out.. Just goes to show how volatile share investing is, and for the sake for a few extra percent return, you risk losing 1/2 your investment..

so your telling me Keith would have known what the market was in for and exited his position? Why didn't he make a announcement here to save others of pain as well then since he is gifted with seeing the future? Point is no one knew what would happen, and since he clearly stated in his...

somehow I dont know that his strategy would have worked over the decade.. the shares he purchased today are all dropping like a lead ball, so there would not have been any equity he could live from.. ALS QBE etc put the margin lending and the losses would have been magnified.

Thanks for that Keith. So what is your selection critera for your core share holdings?

50 companies? why so many? thats a pretty diluted portfolio. You may as well invest into a index fund. do you still own these? These included 4banks, LPTs, PPT, QBE, ASX, WES, HIL, ALS, ORI, MBL, BHP, AFI, ARG. Can you please elaborate on your stock selection criteria. Do you also invest...

I think keith purchased shares which produce yeild, so he doenst trade. he just buys and hold forever. so it would require little management on his part.

Hi Keith, thank-you for taking the time to answer my questions. You have cleared up some things for me :) Just one question re margin loan. Do you still keep it at 30% LVR? I'm kinda scared to use margin now as it wiped my shares out during the crash! Also when you redraw new equity from...

so basically keith is on the look out for opportunities and when the figures ad up, he takes advantage of them? so what would keith be doing now? buying shares since they are cheap still, probably not buying property due to the large growth spirt over the last 12 months and raising rates...

I always enjoy re-reading your story Keith! thank-you I had a re-read and found some figures there which today simply are not possible. It seems to me like your entry involved 'luck' Firstly I dont see how property doubles every 5 years. this is a big ask. property normally doubles every 7-12...

so I would assume you hold westfield?

do you have any overseas exposure as well or only australian stock? I'm thinking covered calls might be the way to go this year since I would expect the year to remain fairly flat with volatility.

Keith, what type of shares do you own at the moment? Are you sticking to high yielding stuff?

defiantly you should be involved in numerous asset classes.. certainly shares and direct property works well. both have their advantages and dis-advantages.

Hi Keith, whats your situation with your loans? Are you fixed? Fixing now, coming out of fixed etc? In your interview your quoting rates of 5.99%, so you will see a big jump in interest when you start to come out of your fixed periods. How do you plan to deal with these? Fix again, variable...