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Really? Did you forget who started it? Did you forget that Whitegoodman's main purpose for being here is to look down upon uneducated property investors who he perceives are far inferior to his intellect and tertiary education? Did you forget that whilst not your main purpose for being here, you were indulging in the same conduct?Wow! I think some of the arguments on here are so vicious and personal, not to mention ageist. I won’t be contributing anything else to this discussion!
Not sure if Gen Y are the first Generation to think they know it all
"I see no hope for the future of our people if they are dependent on
frivolous youth of today, for certainly all youth are reckless beyond
words... When I was young, we were taught to be discreet and
respectful of elders, but the present youth are exceedingly wise
[disrespectful] and impatient of restraint"
Hesiod, 8th century BC
I didn't mean you were looking down on people - I was talking about whitewhatever.
By the way, the splitting 2 bedrooms into 3 was in a magazine the other day - that wasn't you was it?
I agree a macro approach is very applicable to funds and for investors who has a wide diversification of assets.
Interesting that you accept that individual approaches to investing are valid. it is not always accepted here.
I use a macro approach to investing even though I have a narrow range of investment classes. This is what you would expect because my (personal) view of the macro scene dictates where I commit my funds. For many years I have been investing in resources and reducing my exposure to property. This is not because I say property will fall 40%, but I don't believe it will continue to increase at above the interest rate and I invest for cap gains, not losses or stagnation.
If my understanding is right this resource bull run will outlast me and I may never need to change tack. Remember I'm too old to die young.
Correction:
You would immediately lose your $40K and now OWE the bank/mortgage insurer a further $160K.
Not the first as they/we all do it/did it. But there's a lot of talk that this generation does it waaaaay more than any previous generation. Even the top end of Gen Y (25+) weren't as self absorbed as today's lot.Not sure if Gen Y are the first Generation to think they know it all
Not the first as they/we all do it/did it. But there's a lot of talk that this generation does it waaaaay more than any previous generation. Even the top end of Gen Y (25+) weren't as self absorbed as today's lot.
When I was a kid the standard for my parent's generation was to get a job and stay with a company for decades. When i was an adult this was changing. 10 years ago people did 2-3 years at each company and moved on. This is quite normal as employers treat incumbents for granted. The only way to get fair pay rises and fast track your career is to change roles every few years.
This generation: A typical resume reads 6 months here, 3 months there, 9 months somewhere else. These peole front up for senior roles because in their eyes they have the required experience.
This is just one example of our young generation not understanding that no matter how fast technology changes the world, experience and hard work are still the most vital attributes.
Not the first as they/we all do it/did it. But there's a lot of talk that this generation does it waaaaay more than any previous generation. Even the top end of Gen Y (25+) weren't as self absorbed as today's lot.
.
Not the first as they/we all do it/did it. But there's a lot of talk that this generation does it waaaaay more than any previous generation. Even the top end of Gen Y (25+) weren't as self absorbed as today's lot.
When I was a kid the standard for my parent's generation was to get a job and stay with a company for decades. When i was an adult this was changing. 10 years ago people did 2-3 years at each company and moved on. This is quite normal as employers treat incumbents for granted. The only way to get fair pay rises and fast track your career is to change roles every few years.
This generation: A typical resume reads 6 months here, 3 months there, 9 months somewhere else. These peole front up for senior roles because in their eyes they have the required experience.
This is just one example of our young generation not understanding that no matter how fast technology changes the world, experience and hard work are still the most vital attributes.
And our intellectually superior buddy whitegoodman has demonstrated my point very clearly on this thread. Thinks he's hard done by because he can't afford his own house at 22.
I largely agree with most of what youve said. There is also now more of a segment of kids/young adults my age that are basically spoilt rotten.
My uni class was 95% upper/lower north shore Sydney private school. Never worked for anything, silver spoon etc, I predict a generation of kids not doing nearly aswell as there parents (not so much a technology related thing), then again on the flip side I think we also have more of the other extreme, hard workers etc, then previous generations. We have way more that think they can go overseas for 5 years effin around and come back to a well paying job.
ive had 3 jobs ever, I have plenty of friends already in double digits (mainly women)
Also I can afford a house, I just think its bad to buy a 1st PPOR atm.
Not sure if Gen Y are the first Generation to think they know it all
Hi Bigtone
They may think they do but my generation also thought we knew it all the only difference is WE DID
Cheers
Pete