Timing the Market- When to pull the trigger

Discussion in 'Investment Strategy' started by albanga, 19th Dec, 2018.

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  1. sash

    sash Well-Known Member

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    You maybe waiting long time...most will have retired by 2023...mostly in their late 58s and early 60s.

    Given life expectancy ......they will probably live another 25-30 years on average....most will be lucky to have 600k in super after downsizing. Even with 600k in super...they will struggle to have an income of 42k per annum...they are used to a lot more.....I reckon they will run out of cash if they live for 30 years.....

    I know a couple she is 64 and he is 57....they have their house for sale in the Sutherland shire for 1.1m no takers and still have about 300k debt which they took out for land in Port Macquarie. Once sold they will have about 650k clear. Of which they will need 450k to build. That will leave them with 180k after moving costs...plus about 600k in combined super. They have had expensive lifestyles...on combined incomes of over 230k...about ..165k net...now they will need to live on 45k...which is about 27% of their net income.....people typically need about 50-60% of their final net salaries....to maintain their lifestyle. in this case they need minimum of 85k.

    They plan on spending a lot more in the early years....about 65-70k and then let pension take over in their later years.....
     
    sash, 20th Dec, 2018
    #21
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  2. Illusivedreams

    Illusivedreams Well-Known Member

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    Melbourne Dito

    Brisbane Dito

    Adelaide is such a slow train you can walk after it

    Perth will see what resources do.
     
    Illusivedreams, 22nd Dec, 2018
    #22
  3. sash

    sash Well-Known Member

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    Hmmmm....said Sydney and Melbourne would come off tick.

    Brisbane to go up....next 2-3 years....in progress

    Adelaide to go up albeit about 5% per annum...maybe more...but look at amount of defence related work heading there....
     
    sash, 22nd Dec, 2018
    #23
  4. Jamesaurus

    Jamesaurus Well-Known Member

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    Im waiting for rents/yields to rise in Syndey- will likely play it patient till 2020/2021 then hope to buy house w GF potential
     
    Jamesaurus, 23rd Dec, 2018
    #24
  5. Illusivedreams

    Illusivedreams Well-Known Member

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    Which area in Sydney?
     
    Illusivedreams, 25th Dec, 2018
    #25
  6. sash

    sash Well-Known Member

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    The time to buy is when there are stories about people who have lost buckets in Sydney.....these stories are comin' soon.......
     
    sash, 25th Dec, 2018
    #26
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  7. Jamesaurus

    Jamesaurus Well-Known Member

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    SOunds like a good plan.

    I like "The Shire" and "The Hills" on the train line ;)
     
    Jamesaurus, 26th Dec, 2018
    #27
  8. kierank

    kierank Well-Known Member

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    Take it easy :eek:.

    You will be waiting a long time if this baby boomer has his way :D.
     
    kierank, 26th Dec, 2018
    #28
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  9. Whitecat

    Whitecat Well-Known Member

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    What do you mean exactly? We are already seeing stories about quite significant drops. Can you elaborate
     
    Whitecat, 27th Dec, 2018
    #29
  10. sash

    sash Well-Known Member

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    When you see stories of people being forced to sell of latge losses..

    No major stories yet.
     
    sash, 27th Dec, 2018
    #30
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  11. skater

    skater Well-Known Member

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    LOL! Me too! I've a lot of living left, unless something unfortunate comes along.

    Hearing about drops in prices is only the tip of the iceberg. When there are a lot more mortgagee sales happening & stories of woe because of it.
     
    skater, 27th Dec, 2018
    #31
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  12. kierank

    kierank Well-Known Member

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    Plus most of our IPs are owned by trusts, so no quick sales here when we ‘croak’ it :D.

    Just a change of directors of the trustee companies ;).
     
    kierank, 27th Dec, 2018
    #32
    skater likes this.
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