What is your backup plan??

Discussion in 'Share Investing Strategies, Theories & Education' started by Sackie, 24th Jan, 2016.

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  1. Jess Peletier

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

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    Happy to chat anytime Leo. I'm certain I can learn a bucket load from you also!
     
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  2. Sackie

    Sackie Well-Known Member

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    I know it may sound ridiculous to some out there...but really what you've said is so true.
     
  3. Sackie

    Sackie Well-Known Member

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    man your super must be crazy....I'm kind of carefree with my super and i just invest it in high risk stocks by myself. I figure by the time i am able to actually get super out... another 38 years... i probably wont need it so i dont mind allocating it so some higher risk stuff. Not sure if its smart or stupid to be honest.
     
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  4. DaveM

    DaveM Well-Known Member

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    I would run seminars telling people how to invest
     
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  5. Property101

    Property101 Well-Known Member

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    Some ideas I have and would do...

    go back to school and study
     
    Last edited: 25th Jan, 2016
  6. sanj

    sanj Well-Known Member Premium Member

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    Have you spoken to a gun lawyer go through your employment contract in detail? Non competes are actually pretty hard to enforce in australia
     
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  7. barnes

    barnes Well-Known Member

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    I'm still more in learning and testing mode, because I'm still not good enough for my liking to trade decent amounts (it means to make at least 5 times the risk taken on a constant basis). A few years ago I started to use my property investing experience in my trading (mostly buy and hold) and the results became a lot more positive, close to what I want to achieve.
    The advantage of trading is that you can stay on demo for any number of years, until you are a 100% sure that you have several strategies and methods that you can use and that are working for years and years of back testing, and forward testing in any market conditions. You don't have to spent a dime learning and you don't have to risk anything until you're pretty good at it. To those that say that demo trading is false and human psycho don't work with demo trading, it's not true. I have been trading live for more than 10 years and to me I see no difference between demo and live.
     
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  8. Ryan Donnelly

    Ryan Donnelly Member

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    I would stick to a passive strategy within the stock market with the same mindset of buying below market value and holding for the long term (10+ years). Tick the box which re-invests dividends and accumulate more on dips. Stay cash rich and pray to the stock market bears to bring on a crash.

    Stick to ETF's (Exchange Traded Funds) - pools of markets which give you diversification. Vanguard would be the best play. ($3 Trillion AUM)

    -VGAD.ax for international exposure
    -VAP.ax for domestic market (ASX300).

    Management costs are low (0.15 - 0.30%) with options to hedge to eliminate currency risk.

    If you're looking for an Australian based hedge fund. I would consider PTM.ax (13%+ YoY - since 1995)

    To those of you who are looking into currency trading, I would highly advise against it.

    You're most likely trading against your broker (Market Maker Model - you win they lose, they lose you win) Working for a FX Broker myself for two years, 95% of our client base lost money over the long term, the ones who made money were placed onto different "books" and trades are taken in their direction instead of against. This results in pending orders, poor execution and larger spreads.

    If you want to trade FX you need direct access into the Interbank Market where you can see real liquidity. Once you have access to the Interbank Market, you're trading against a HFT Algo. Have a read of "Flash Boys" if you're seriously considering becoming a "full-time day trader". Will put your mind into perspective.
     
  9. D.T.

    D.T. Specialist Property Manager Business Member

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    Is this the same approach you take with property?
     
  10. Ryan Donnelly

    Ryan Donnelly Member

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    Not exactly, but it can work @D.T. You just need to be more patient with property.
     
  11. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Awesome.
    Do you get free access to the services at the moment?
     
  12. The Y-man

    The Y-man Moderator Staff Member

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    So does that preclude commercial props and REIT's as well?

    The Y-man
     
  13. Sackie

    Sackie Well-Known Member

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    yes :)

    The reason i posed the question is i'm interested to learn from others who have great, practical ideas on alternatives to build wealth aside from property.
     
  14. The Y-man

    The Y-man Moderator Staff Member

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    In that case:
    - shares and options trading
    - growing food (if that doesn't count as property)
    - upskill and get higher paying job or more job hours

    The Y-man
     
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  15. Sackie

    Sackie Well-Known Member

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    @The Y-man any success in share trading in the past?

    Thanks.
     
  16. The Falcon

    The Falcon Well-Known Member

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    It's actually my plan A ;

    - Stock in unlisted companies (and salary/fees from same)
    - Stock in listed industrials, direct, LIC and ETF.

    Property is 1x PPOR and a couple of lifestyle properties to come. In time the PPOR will be sold leaving the two lifestyle properties. For me, I find I really need to take a deep interest in something to be good at it, I'm just not particularly interested in property.
     
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  17. The Y-man

    The Y-man Moderator Staff Member

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    It's hard to say - in hindsight I think it was successful until the greed factor came in.

    Options trading was probably better, but requires more monitoring and is not a "set and forget" or "end of day" type activity.

    The Y-man
     
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  18. The Y-man

    The Y-man Moderator Staff Member

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    Oh yeah, forgot about that one!

    The Y-man
     
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  19. Sackie

    Sackie Well-Known Member

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    @The Falcon Thats such a great point mate.

    Are you a hands on trader using TA or FA or just buy and hold long term..?

    Thanks mate
     
  20. sanj

    sanj Well-Known Member Premium Member

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    I would do more of what I've been doing already, businesses I have direct involvement in be it majority or significant minority that i can personally add value to and invest in other businesses passively, from small ones to startups, public unlisted companies etc. Stock market in general doesn't interest me enough for me to dedicate enough time to understand it better
     
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