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Skol

32,985 Posts.

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26/09/20

15:01

Post #: 47649603
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Originally posted by Hiddenvalue: ↑

Skol, wrong again! I haven't just presented one way of owning a property. if you like the new share (crowd funded) method again it is not an option that many would choose. I like to own my assets myself and not with strangers. I think many would agree.

Financial advisors wouldn't tell you to go and stack gold bars, neither will they tell you to go and put all your money solely in property, they advise you to diversify your portfolio.

What do you not understand about this simple fact???

In regards to managing my own investment property, life is to short to be chasing a tenant for rent, arranging for electricians to come and replace a light bulb or giving the all clear on allowing a Tennant to hang a picture up or arrange inspections of the property. That is why some people use a property manager, not because they do not know how to manage it but for convenience at times. You again have not considered all the facts. I'm an accountant and give advice on property ownership, structures to own these assets in for tax and succession purposes and plus more so what would make me any less capable then you Skol in managing a property???

Property management is a service just like any other spend. Do you cut your own hair just because you are capable of it or do you go to the barber???

Mortgages do not magnify a capital gain. A capital gain is derived from selling an investment at greater than its cost base and adjusted cost base for tax purposes. You are assuming every asset purchased with a mortgage has to appreciate?? I have had clients make no money with both shares and property at times if they chose the wrong stocks to purchase or the wrong property. Just because you gear into an asset class that makes returns does not mean you are bound to make money. Speak to the hundreds of investors on the east coast who lost all their wealth and homes because they were leveraged into share portfolios prior to the GFC. So yes leverage can give upside but can also make you very poor very quickly. Do you understand that Skol??? Do you understand that for some with less risk appetite may never feel comfortable to borrow to invest in any asset class and would prefer to do it with savings only.

I'm not advocating to go out and buy gold instead of other assets. I have never made a suggestion that could even be remotely construed this way.

I reiterate here for your benefit only Skol as many posters would understand my posts. I have a few gold related investments in my diversified portfolio, period!!!

Does that make me a goldbug or just someone who holds a diversified portfolio??? Your branding of people here is disgusting. You complain about no respect but your tones of reply always miss construe what a poster has posted. Your arguments are not researched and only demonstrate a negative bias. You have no liking for gold but yet spend every breathing minute of the day posting on a forum on a metal you despise including weekends. WEIRD!!!!

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Yes, you admit that a mortgage can magnify the profits. I'm not suggesting as per your stupid suggestion that someone would leverage their property to purchase shares, I wouldn't dream of such an idiotic 'investment'.

Property takes no time at all to manage, anyway, the costs are all tax deductible.

You don't need to post anything here for my benefit, I've owned many properties and never lost money on a single one of them, in fact I generally ignore any investment advice I get from accountants and lawyers because they're way too conservative.
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