For those who think they missed the boat

I have been concerned for young/newbie investors trying to buy in crazy booming markets.
Don’t stop trying, but perhaps its time to look outside the square..... or perhaps you are already this??

Rent/invest
Live where you have lifestyle and buy what you can afford and rent it

Look at regionals/regional centres, don’t throw a dart, research and make your real estate agent becomes your friend...... network network

Look at leads on PC and then research/network with investors here

Keep clear of multi level apartments. Long term very patchy

Not enough money for a deposit .... what about a Small loan/gift? Parents is this an option???

please add to this ......

 

It’s not too late to start (but starting early is better).
It’s highly unlikely that you’ll be able to get your dream home straight away. Get something that will have good growth and you can value add. The dream home can come later.

 

Missing the boat implies it will keep going up. But if it keeps going up, then there are still gains to be made if you buy now.
So 'missing the boat' doesn't make much sense.

 

Missing the boat, in terms of being able to buy.

Deposit required just keeps growing

 

Gotta start somewhere.

#1 achieve as strong an income as you possibly can. Without good income/serviceability, building a base becomes exponentially harder.

2. Educate yourself on the game. At the very least in order to avoid making some big mistakes which are easily avoidable. Especially with limited buying power, you want every IP to count.

3. Start somewhere you are able to find value for the budget you have .

But you gotta start.

 

not going to get easier.
Giving up wont help either.

 

Yes, This is purpose of thread

 

Where/how would a beginner who know nothing about shares invest in shares? Something that you don’t have to be too actively involved in.

 

Same as a beginner property investor- Research

 

Like we all did when we started..... books, forums, networking with investors, agents etc etc

 

Yes

Another option for those who cant afford properties in Melb/Syd besides regionals look at Brissy, Perth and Adelaide. This may help with accumulation due to entry level and rental returns

 

Second this.

So many treat stock markets like they are casinos rather than investing in them like they would property. Trying to outsmart each other for above average short-term returns is hard and most wont succeed but obtaining average equity risk premium which is historically the highest un-levered asset return is not hard. All you need to know is some simple concepts.

• Buy what you can when you can.
• Keep fees low
• Broadly diversify
• Stay the course.

Multi funds like DHHF or VDHG are probably the simplest way to access broad low-cost diversification but they have little history to show yet.

50% VAS and 50% VGS (or managed fund equivalent) gives basic acceptable low-cost diversification.

This is not a data mining example to goose an argument– just a basic non-leveraged vanilla allocation with a reasonable amount of historical data.

$1000 per month since funds first introduced. $856K final balance




Simple, practically bullet proof in a functioning economy, way to get a ticket on the boat. Teach your kids to treat the stock market like property investing not like the casino and you will have provided a valuable tool.

 

My advice for young ones starting out is: you have to do the hard yards at some point if you want to own anything. You can go on regular holidays / trips away, have the fancy clothes, cars and the latest phone but eventually you will have to put in the work. Would you rather work your ass off in your 20s and 30s save your money and buy property or live it up now and be working your ass off in your 40s 50s and into your 60s? Let me tell you it’s much harder working 60 hour weeks in your later years than in your early years.

Problem is many young ones want it all. The property and the holidays , cars, clothes and latest gadgets. Your choice, your life. Choose wisely because you can’t have both.

 

How about waiting for home owning boomer parents to konk off, is that is a valid strategy?

*Asking for a friend.

 

Yes valid I think I mentioned the windfall, as long as the BB dont spend the inheritance.... damn BB

But seriously.... I am for helping my children before I fall off the perch...

 

Definitely rent & invest. Unless your salary is super low, you should be able to buy a $250k/$300k house somewhere with good potential (not Melbourne / Sydney)

 

When all else fails.. there is the bank of Mum and Dad

 

Yeah, start a business.

Right now is a great time to start a business.

I believe any time is a GREAT time.