Hi all,
Long time SS member, but haven't posted in quite a few years.
I have been thinking a lot more about my investments & planning recently, but I have really taken a long break from that whole mindset.
I bought two IP's in Perth in 2006 & 2007, the second one coinciding very nicely with the peak of the Perth growth trends. There was a bit of equity at the time though, so having an aggressive tolerance I leveraged this equity into the sharemarket around 2H 2007. Seeing a pattern here???
GFC wiped the shares effectively due to the leverage, and Perth property has since gone backwards for years then stayed very flat until a few months ago. I've read the Balga/Nollamara thread the whole way through, as my IP's are side-by-side R40 houses on combined 1642 sqm, so starting to finally register some growth there.
I used the last 5 years or so to focus on family and career, managed to marry and have 2 kids, and at least grow my income by 410% over the 5 years.
Now to my questions: Have you ever taken a long break from investing, and then tried to get back into it? I don't mean a pause between purchases, I mean a complete not-watching-the-market, or even thinking about it, type break.
If so, how do you re-fire that investor mindset?
I?m finding myself quite "rusty", like your first few swings of a golf club after not playing in a while! The concepts are all still there in my head, but putting them together into some sort of coherent strategy is more difficult.
Thanks for any advice, or similar stories!
Cheers, Chris
Long time SS member, but haven't posted in quite a few years.
I have been thinking a lot more about my investments & planning recently, but I have really taken a long break from that whole mindset.
I bought two IP's in Perth in 2006 & 2007, the second one coinciding very nicely with the peak of the Perth growth trends. There was a bit of equity at the time though, so having an aggressive tolerance I leveraged this equity into the sharemarket around 2H 2007. Seeing a pattern here???
GFC wiped the shares effectively due to the leverage, and Perth property has since gone backwards for years then stayed very flat until a few months ago. I've read the Balga/Nollamara thread the whole way through, as my IP's are side-by-side R40 houses on combined 1642 sqm, so starting to finally register some growth there.
I used the last 5 years or so to focus on family and career, managed to marry and have 2 kids, and at least grow my income by 410% over the 5 years.
Now to my questions: Have you ever taken a long break from investing, and then tried to get back into it? I don't mean a pause between purchases, I mean a complete not-watching-the-market, or even thinking about it, type break.
If so, how do you re-fire that investor mindset?
I?m finding myself quite "rusty", like your first few swings of a golf club after not playing in a while! The concepts are all still there in my head, but putting them together into some sort of coherent strategy is more difficult.
Thanks for any advice, or similar stories!
Cheers, Chris
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