Much talk on this site by the rocket scientists who know how to google but seem to lack emotional intelligence as it pertains to the market.
Baby Boomers retiring and selling houses is going to be a greater problem for the stockmarket than property as capital sums will be withdrawn from super to pay down mortgages and drain social security - so expect a flood of selling where the markets are liquid ie the ASX. Taxes will go up so you can pay the boomers benefits and don't think they will be scrapped in a hurry as there are too many of them and will mean political suicide to scrap it.
Folk will need a place to live and shares offer no shelter - houses do.
Sharemarket is a play thing of the big instos and increasingly seen as a bum steer and will be avoided by the older set. Inflation will erode your cash as will the taxes thereon - property may be in a lull but will find its own again and in view of the malaise in the non property investment sector it has performed far better than anything else. Oh by the way rates will continue to tumble and your after inflation adjusted after tax adjusted rates on cash deposits will be negative.
Go and post your equivalent rubbish on all investment sites if you are to be consistent!
- Forums
- Property
- perspective
Much talk on this site by the rocket scientists who know how to...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)