Why Property is Better Than Shares

You also can't invest in shares either as that's also giving funds to someone else to invest. Only choice is to start your own business.

 

You also need to be aware that 8/10 businesses fail within the first 18 months.

 

Believe me given my personality traits that's a good thing, so human or machine I'm happy to accept.

The biggest failure of most investors is that they overestimate their ability.

In fact I think I'm below average so Index or index proxy (old style LICs) suits me fine. And I've reached my destination of financial independence so that's all that matters.

 

Most do far worse than average (market return) in the long run!

 

ETF/LIC and managed funds are not direct anything.

Business ownership is a difficult concept to grasp.

 

Don't think anyone said it ETF/LIC was a direct investment, that's the great thing about them that they're not. The point is that buying shares is also not a direct anything, you're still trusting your funds with someone else to invest.

 

He he I can't help but think you're trying to be amusing and stirring things up for a laugh.

 

- ok, good so it's all exactly the same. Tick.

- yep, all the same and dozens of those no longer around. Same blokes though. Up to no good!

- yep. Centro...no good, not a lic or an etf... it's all in the vibe though, I get ya. Trust nobody.

- well that's the problem with average isn't it. Bloody maths!!!

- find one? Really???

- yep, Vanguard and State street have a real habit of closing down their large cap weight funds!! Someone should do something about it....

- yep, I get that feeling that you aren't average at all though...we've got real high end operator in our midst!

Good stirring tho

 

Go ahead and find the 2 in all of that that have a 10yr return of over 10%.

Or anything better than those aweful IAG shares.

We can play facts, fiction or sarcasm. All are fun.

 

You stole my foto!

So have you the learned the managed funds lesson yet?
Have you found one with a 10yr return of over 10% in that Vanguard cesspool?
Then try the same at State Street.

 

Cesspool ! Where's @Redwing

Yeah the problem with the Vanguard and state street clowns is their index funds never beat the index!! Useless.

I'll have to give you that...

 

IML claim to have. But the bloke is Maltese. I don't trust em.

Can you give us a rundown on IAG? Sounds like a good biz. What's their combined ratio? (Googling ensues......"wot is combynd ratio means")

 

Crabs want more crabs in the same bucket otherwise there's no one to pull down.

So we can play snark or look at the numbers.
I've seen every single one of those and State Street.
Find a 10y >10% on either.

So take the challenge, prove me wrong put up or shut up and find the ETF or any other that has a better long term return from those 2.

Then add REIT and any other LIC.

I refered to IAG as awful, maybe u no habla espagnol.
And most those fund managers don't do any better over the long run.

 

Here's a good one. Bank guaranteed!

 

Great stuff. We needed a stir like this.

 

I'm sure many people make big money with stocks though personally I don't know any. I have met and meet quite a few successful investors/business people in Australia and Asia and invariably it often seems to be the case that the bulk of their money has been made with real estate and businesses and they hold the majority of their wealth in real estate. I'm not knocking stocks. Just stating my experience to date.

 

Hi Piston

Curious on the below statement, how many have Vanguard opened and closed to date?

Based on my track record of picking individual shares, I'm better off going with the above, if you are doing better (and look to be honest, we all know some do and some don't), then more power to you, I've neither the time, the grey matter, nor the inclination to try and time or beat the market

I'm fine with Mr Average

 

Hi @Piston_Broke

No Sarcasm, or fiction

What do you, or have you recommended?

Genuinely interested, after all, we are all here to learn

 

i don't recommend anything. And I'm always learning just like many others.

I do have some RE and a few decades of active investing and close scrutiny of what's on the market.

And my current view was actually that owning equities after having accumulated some RE is probably better than adding more RE going forward.
Just not the substandard managed funds an any format or structure.

One giveaway for a noob is that they are wonderful because they bought into it.
They can't see the bad numbers, but will hang on because the only alternative is they made an error.

So here I am saying shares seem to be my next step as RE is not friendly atm.
Cashflow is better from shares.
Why use someone to manage my money when the risk is increased and the returns are worse?

My awefull (well i thought they were) IAG shares that I got in 2001 have compounded at around 9.6% over 16 yrs.

So how many of these managed fund companies have a better return over 16yrs?
How about same? Similar?
I know enough to know the answer is hardly any.

Most get shut down, or hidden away (stop accepting funds and no longer published) when the numbers look bad.
You don't have the choice of staying in the market and take a long term view, or buy some more.
This has been the MO of funds managers long before I started looking at them.

So ****** return, higher risk, no control. Don't seem like a good deal to me.

 

Poetic license (ie. lies). Fortunately there are no such things as facts any more