Reply: 3.1.1.1.1
From: Sim' Hampel
Hi Jeremy, thanks for taking the time to write such a considered and detailed post, if rather misguided.
On 3/12/02 12:27:00 AM, Jeremy Laws wrote:
>The purpose of the post
>to you was to point out that
>possibly in recent times you
>would have lost more money by
>making (on your wifes behalf
>it now appears!) low ball
>offers, which has allowed you
>to miss out on CG.
Indeed, in this you are quite correct... capital gains have been significant recently, and I have indeed missed out as a result of perceived "inaction" on my part. You get that. Hindsight is a wonderful thing.
>The price you pay at
>purchase is _almost_
>irrelevant
Agree... when taken over the long term, a couple of thousands of dollars makes very little difference to the end result.
>Now - your insults!
>Harmless banter
>like this wiles away the hours
>effortlessly!
Discussions of my personal financial situation are NOT harmless banter. I have no problem with such banter in a "controlled" environment like a chatroom. I DO take issue with allegations or comments about what is my business and my business only in a public forum. It is this alone that annoyed me to the point of needing to respond in the way I did.
>I do have a clue
I was in no way making a comment or judgement on your abilities or track record. I have a lot of respect for what you have managed to achieve with your investments.
What I was referring to was your lack of a clue as to my ACTUAL situation. There are things more important in life than buying hovels. There are more important things in life than making yourself deliriously wealthy.
You have NO clue as to what my goals, my dreams and my priorities in life are. Any suspected knowledge of this is second hand knowledge, and does not represent the real situation. Indeed my exact situation right now you cannot possibly have any comprehension of, because I have not discussed it with anyone other than my wife. So unless in amongst your other marvelous skills you can read minds, you really do have no clue as to what I am trying to achieve.
>My opinions (and
>yours!) Simbad, are ipso facto
>not petty!!
Your opinions on my personal life and the way I choose to live it are inaccurate, ill-considered and quite petty. I do have a lot of respect for your opinions on investing techniques - even if I don't agree with them all.
>I think I have a fairly large
>dossier of info on you, I
>won't list it here, but I do
>sort of know you.
I know you know bits about me, but as mentioned earlier, there are things you cannot possibly know. Please do not make assumptions about the rest.
>I think you have some living to do
Not sure what this is supposed to mean ?
>If you'd met me you would not
>have written your silly post
>above either. I joke - you got
>serious!
When the jokes get personal in public and go beyond "banter", I take issue. Not sure if you had noticed, but this is not the first time you have made such comments in public, and I have mostly ignored such comments in the past - they were not funny at all. I am more than happy to joke and engage in friendly banter about things like Adelaide, but NOT my personal life and decisions, which are none of your business.
>I suspect you have just told the world
>that you have a battle with
>your wife about what you buy,
>and how much you spend on it.
Indeed, before I met my wife, I had no clue about saving money. If my wife had not taught me the art of saving, we would not own one property outright and several more which put money in our pocket every day.
She is my conscience, and she makes me consider very carefully before I make a decision involving hundreds of thousands of dollars. I do not resent this.
>I am slightly galled and will chip
>anyone who has a great war
>chest available to them and
>doesn't make use of it.
Unwarranted assumptions again.
The only comment I have here is that having equity to spare is one thing. Having sufficient cashflow to service the debt on growth property is another entirely. Do not assume that I have the capacity to simply "buy now, but anything, just buy property" as you like to put it. Like I said, you have no real understanding of my personal financial position, or the goals and desires that drive me.
>WB (bless his greedy little
>heart!) is buying Australia at
>rate that will require land
>reclamation shortly.
I am not WB. There is no comparison.
>Cheers - have a drink, I'll
>even have one with you one
>day!
I do know that you didn't mean anything terribly bad by your post JL... I do know that you would be one of the first to genuinely congratulate me on my next purchase.
All I take issue with is your insistence of discussing personal matters in a public forum, and with your assumptions which are misguided and without consideration.
I do look forward to meeting you Jeremy, and I enthusiastically await the friendly banter that we would engage in. I just hope you will think a little more carefully about what you post in a public forum in the future.