That's an interesting comment PB, what's your reasoning behind this?
I'm not a fan of financial markets either.
Also, have you done much speculative landbanking in your investing career?
Thanks.
(Sorry, bit of topic)
Simple imo traded markets are high risk.
If your nett worth is $1mil, then you can go ahead and use 50k to trade shares.
If you can get it to 10%, then take out your gains and keep going, unless it represents 5% due to other assets going up.
the great thing about RE is it's just like those markets, but in slow motion.
landbanking?
Sure do!
My megadollar thread is the real thing.
And I have a few others owned for >10yrs.
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HiEquity my story is kinda all over the forum in bits & pieces.
When I come out guns blazing against vendors & spruikers, it's generally because I see deja-vu & apparitions of thousands of dollars self combusting that were once mine and now their's or their associates.
I don't think anybody hands out money for nothing (not even Rudd!), and it don't come easy. And when it does seem easy... there's always a catch.
Blood, sweat, tears and sacrifice, for me and all the ppl I know anyway.
Look through my old posts as Beach Bum, interesting how many times I was "on the money"