Yes that's a real eye opener!
I guess there is a belief that property is very safe and hence no one flinches at investing $1.2m on a 4 bedroom home, 300sqm block in the sticks.
Then you have all the buying and selling costs associated with this investment and your already down $60,000 before you start factoring in potential gains.
Compare that to share at $9.5 per trade on the ASX...you're already up $60,000 compared to buying a property and can buy/sell easily anytime.
Not everyone can understand or appreciate the risks associated with shares i guess.
Having said that, always good to have a balanced mix of assets. I was looking around earlier for a property but the risk/reward just doesnt add up.
Yes that's a real eye opener! I guess there is a belief that...
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |