Should I or should'nt I

Discussion in 'Investment Strategy' started by buckleysg, 5th Mar, 2017.

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  1. andyboiii

    andyboiii Well-Known Member

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    What 3 jobs do you do? Kudos for all the hard work you're putting in!
     
  2. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    The best way to feel comfortable with the risk is to plan for it. Have a plan that should 'x' happen, you'll do 'y'. Put your cash buffers in place, get your insurances sorted and go buy a house. :)
    A good broker will be able to look at the big picture for you and make sure you've got all your bases covered, and if they see any risk areas, also be able to let you know how to mitigate them.
     
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  3. Joynz

    Joynz Well-Known Member

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    More importantly, how much time are you spending with your boys?

    Your time and interest is worth much more than the gift of a house...
     
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  4. buckleysg

    buckleysg Active Member

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    Thank you Jess, making some time with a financial planner actually.
     
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  5. buckleysg

    buckleysg Active Member

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    I manage to fit that in as best as I can. Look I grew up with nothing much so want to make sure my kids don't miss out.
     
  6. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Just be careful not to come out of the meeting with an arm load of managed funds ;)
     
  7. buckleysg

    buckleysg Active Member

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    Thank you. I would like a spread of investments, but I am partial to property. You can see and touch it. :)
     
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  8. buckleysg

    buckleysg Active Member

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    I work full time as an auditor. I also tutor for a couple of Post-Grad courses, this I do online. So it is not too bad.
     
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  9. G-Dubz

    G-Dubz Active Member

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    I can understand OP's reluctance...it's a very relevant question and the psychology of buying a property can be hard to break though.

    I'm still a prospective FHB, but I can say that I do very much regret not getting in earlier...having said that, surely something has gotta give and the market has to be nearing peak in this current cycle anyway? With the new changes in Vic almost certain to boost prices, perhaps there is 24 months or so left in growth for FHB range suburbs?

    Also interest to hear what people think of blogs like this? Who crashed the economy?
    Just found it randomly on google. It's like Nostradamus or the boy who cried Wolf...I can imagine a flat period after 2 more years of growth realistically?
     
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  10. Perthguy

    Perthguy Well-Known Member

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    Partisan hacks. Put it this way, it is very agenda driven. I have not seen any adequate explanation for the current Sydney and Melbourne booms. It's complex and directly relates to GFC and compulsory superannuation, not do much negative gearing and capital gains tax.
     
  11. Luk.bai

    Luk.bai Member

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    R
    Rich dad poor dad