retirement, page-6

  1. 10,494 Posts.
    Kingy, the issue is not what asset you buy but when. Hey, I am not buying stocks in a hurry. Occasionally, I buy some from takeover windfalls - already multibaggers who cares.

    In a few years time, you may even find me to be the most unabashed property spruiker on this forum.

    Firstly, I honestly believe you that your unique property investment strategies allow you to defy the trend and still continue to deliver unparallel strong capital growth.

    However, had you back in late 2008 sold your properties and bought big in beaten down mining shares (at once in a life time bargain basement prices - like FMG at $2 and AGO at 80c), you would be on your way of increasingly your net worth by 12 fold a bit further down the track. No point debating whether 70K will get you through the cold winters. Just cashing out in say 2015, would get you $500K in interest income every year assuming rates is at a long term average of 5%.

    That example of FMG is a good middle of the road example.

    Some stocks have performed much better. One stock ABY I bought which very few people know (even among mining stock investors) has gone up 1400%. SPH netted me 1000% return (xstrata wrote me a big fat cheque). I even doubled my money in NEC in a blink of an eye. After I bought it, a few weeks late, New Hope Corp announced a takeover. Couldn't believe my luck. Honestly, it wasn't luck but a lot of research.

    There is no reason if someone who bought a basket of balanced I/O or coal small / mid cap stocks in late 2008 or early 2009 who can increase their investment 7-8 times by the next bull run. Even with the 500 point drops since March, for every $1M invested, you should still now have $3.5 - $4M conservatively.

 
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